insight BOULDER CITY
Q1 2022
about insight At Las Vegas Sotheby’s International Realty, we take great pride in presenting you with current trends and developments affecting luxury communities of Las Vegas and the surrounding areas. This report represents a consolidation of local real estate knowledge
PRESIDENT & BROKER Randy Char
ART DIRECTION Renee Ladores
and an in-depth analysis of market data to bring you the most useful insights as they emerge in the region. In addition to offering general statistics related to the overall market, the report contains valuable information concerning Las Vegas’ hottest developments and neighborhoods. Particularly noteworthy is the large-scale growth in the city with expansions and new developments, bringing with it many opportunities for clients to capitalize on future investments. One of the many tools available to agents and brokers of Las Vegas Sotheby’s International Realty, we sincerely hope that this report will assist our clients in understanding Las Vegas’ expansive luxury real estate market. As an international luxury brand, represented in 79 countries, with over 25,000 associates across 1,000 offices, we have the capacity to offer our clients a level of talent and marketing expertise unlike any other. Whether you are interested in learning more about current market conditions, or are considering representation in the sale of your home, visit lasvegassir.com for more.
table of contents 4
southern nevada overview
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the difference is
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boulder city at a glance
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boulder city communities
Las Vegas Sotheby’s International Realty publishes Insight, a market report magazine each quarter. All materials are copyrighted and can not be reprinted or duplicated without permission, including photographs, artwork, designs and text. The publication is distributed without charge to readership throughout Southern Nevada. Additional copies and advertising information can be requested by contacting Las Vegas Sotheby’s International Realty. Address: 10100 W Charleston Blvd., 160, Las Vegas, NV 89135
702.360.1414
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insight@lasvegassir.com
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®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned And Operated By NRT Incorporated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. * All information from sources deemed to be reliable although not warranted or guaranteed by or Sotheby’s International Realty® All information from MLS and Tax Records representing Single Family Homes only in MLS Areas 101-606
INSIGHT Q1 2022: BOULDER CITY
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| LASVEGASSIR.COM
2019
2020
2021
735
January
2,353
2,296
3,030
2,839
2,909
2,959
3,765
3,568
3,759
2021
March
December
3,040
3,543
3,683
3,759
2021
613
729
606
Novermber
2,850
4,132 3,910
846 900 1,058 1,132 1,128 1,105 955 748
May June July August September October Novermber December
3,224
2,872 2,484 March 577
2022
3,061
3,484
3,598
5,949 5,760
4,821 4,655
5,013
5,942
4,058
5,837
5,301
4,401
4,810
5,188
4,779
5,042 4,342
5,341 4,964
2,948
6,856 5,963
4,243
4,532
3,972
5,703 4,998
4,183
February 612
January 650
781 799
February
April
809
January
March
1,153 965
December
8,853 8,654
7,197 7,072
7,951
8,892
7,240
6,546
9,024 8,944
9,788
8,116
7,341
9,674
8,028
7,445
9,472
7,856
2021
February
719
October
2,952
731
693
September
3,003
756
August
3,286
3,119
846
3,760
2020
791
3,038
4,315 4,223
2020
July
722
May
3,440
3,438
3,674
1,405
1,652
August
Novermber
1,603
July
1,656
1,579
June
1,582
1,672
May
October
1,646
April
September
1,616
March
8,259
6,908
10,448
11,127
11,412
11,717
11,715
11,896
11,687
11,222
2020
June
875
785
3,181
2,901
# SOLD - HENDERSON
April
2,869
# SOLD - LAS VEGAS
March
2,565
2,267
3,376
JANUARY 2019 - MARCH 2022
616
805
December
2,663
3,557 3,535
properties sold
February
713
Novermber
3,136
3,524
1,351
February
9,019 8,474
7,103
7,552
8,747
9,290
9,525
9,829
9,597
9,279
JANUARY 2019 - MARCH 2022
634
736
October
2,578
1,467 1,371
January
1,701
Novermber December
1,887
August
1,837
1,961
July
October
9,756
2,067 2,043
June
September
2,090
May
all available inventory
January
2,829
2,799
728
September
2,498
638
2,800
3,100
2019
August
2,019
2,084
1,802
2,495
2,910
2,773
2,535
2,644
2019
724
559
June
1,402
1,686
2,216
2,051
2,333
2,109
3,206
3,073
3,471
9,672
1,943
April
2019
July
400
May
605
398
March
April
557
535
Novermber
February
609
October
577
2,597
602
September
484
2,471
629
August
3,432
4,500
3,188
5,000
2,549
SOUTHERN NEVADA |
January
2,842
646
July
4,000 3,603
SOUTHERN NEVADA |
December
2,786
639
June
3,500 3,256
10,948
13,000
2,932
2,936
3,000
9,114
1,834
-0 March
2,000
1,810
3,000
1,799
5,000
January
4,000
February 10,637
8,000 10,609
9,000
8,827
10,000
8,810
7,000
2,602
2,265
2,064
671
00
654
500
May
1,000
April
2,366
2,000
570
1,500
1,841
2,500
March
1,626
1,000
438
6,000
424
11,000
January
12,000
February
southern nevada by the numbers
At Las Vegas Sotheby’s International Realty, we take great pride in presenting you with up-to-date statistics concerning Las Vegas and the
surrounding areas. This in-depth analysis of past and current data trends helps our agents stay on top of what's going on in the Southern
Nevada housing market and pass these insights on to you.
This metric gives us a glance of the total amount of properties for sale in Southern Nevada by month, from 2019 to present.
DEFINING ALL AVAILABLE INVENTORY
2022
# FOR SALE - LAS VEGAS
# FOR SALE - HENDERSON
2022
DEFINING PROPERTIES SOLD
This metric calculates the number of properties sold, by month, broken down by Las Vegas and Henderson.
2022
$0 $0 240.0M 240.0M 232.1M 232.1M 242.2M 242.2M 207.9M 207.9M 224.1M 224.1M
August August
2019 2019 September September October October Novermber Novermber December December
241.0M 241.0M
March March
2020 2020 2021 2021
393.4M 393.4M 359.9M 359.9M
Novermber Novermber December December January January
March March
441.6M 441.6M
337.1M 337.1M
372.5M 372.5M
October October
1.1B 1.1B
1.1B 1.1B
1.3B 1.3B
1.4B 1.4B
1.2B 1.2B
1.3B 1.3B
1.3B 1.3B
1.4B 1.4B
1.5B 1.5B
1.4B 1.4B
1.4B 1.4B
1.4B 1.4B
2.0B 2.0B
1.9B 1.9B
1.8B 1.8B
1.8B 1.8B
1.7B 1.7B 1.7B 1.7B
1.6B 1.6B
1.7B 1.7B
1.7B 1.7B
1.7B 1.7B
1.8B 1.8B
2021
February February
379.8M 379.8M 364.3M 364.3M
September September
379.3M 379.3M
August August
438.7M 438.7M
1.3B 1.3B
1.5B 1.5B
TOTAL VOLUME - HENDERSON
JulJul yy
1.3B 1.3B
1.4B 1.4B
1.4B 1.4B
1.1B 1.1B
1.3B 1.3B
1.4B 1.4B
1.4B 1.4B
1.3B 1.3B
$2.0B $2.0B
487.9M 487.9M
383.8M 383.8M
May May
1.1B 1.1B
1.2B 1.2B
2020
June June
432.0M 432.0M 416.0M 416.0M
1.0B 1.0B
840.1M 840.1M
1.0B 1.0B
924.2M 924.2M
TOTAL VOLUME - LAS VEGAS
Apri Apri ll
299.5M 299.5M
February February
1.0B 1.0B 1.0B 1.0B
899.9M 899.9M
998.9M 998.9M
JANUARY 2019 - MARCH 2022
March March
303.5M 303.5M
January January
405.8M 405.8M
320.3M 320.3M
Novermber Novermber
696.5M 696.5M
1.1B 1.1B
$1.6B $1.6B
December December
339.3M 339.3M 331.4M 331.4M
October October
292.8M 292.8M
August August September September
292.5M 292.5M
227.7M 227.7M
635.4M 635.4M
706.1M 706.1M
834.4M 834.4M
959.8M 959.8M
1.0B 1.0B
1.1B 1.1B
1.2B 1.2B
1.2B 1.2B
$1.4B $1.4B
JulJul yy
476.1M 476.1M
554.6M 554.6M
730.4M 730.4M
841.3M 841.3M
919.0M 919.0M
1.0B 1.0B
1.1B 1.1B
1.2B 1.2B
2019
June June
May 159.3M May 159.3M
Apri Apri l l 151.5M 151.5M
229.4M 229.4M
February February
654.1M 654.1M
794.8M 794.8M
711.1M 711.1M
841.5M 841.5M
776.6M 776.6M
923.6M 923.6M
919.0M 919.0M
809.6M 809.6M
1.1B 1.1B
SOUTHERN NEVADA |
January 187.2M January 187.2M
240.5M 240.5M 235.0M 235.0M
931.4M 931.4M
961.4M 961.4M
$1.2B $1.2B
JulJul yy
277.3M 277.3M
May May
811.7M 811.7M
743.6M 743.6M
$1.8B $1.8B
June June
239.5M 239.5M
$200M $200M
217.8M 217.8M
$600M $600M
Apri Apri ll
732.9M 732.9M
675.0M 675.0M
$1.0B $1.0B
March March
573.4M 573.4M
509.3M 509.3M
$400M $400M
January January 165.7M 165.7M
$800M $800M
February 159.5M February 159.5M
total volume sold DEFINING TOTAL SOLD VOLUME
This metric defines the total dollar volume of real estate sales in Las Vegas and Henderson.
2022
2022 2022
At Las Vegas Sotheby’s International Realty, our responsibility
goes beyond assisting our clients in the purchasing and selling
of real estate. We’re ambassadors of our community. We look at
each moment as an opportunity to bring irreplaceable value to
our clients, and in the process, redefine the real estate industry.
Luxury isn’t tangible. It isn’t price tag. Luxury is an experience
and a commitment going beyond the status quo.
INSIGHT Q1 2022: BOULDER CITY
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THE DIFFERENCE IS
sotheby's international realty
SothebysRealty.com Sotheby’s International Realty’s website, sothebysrealty.com, is the #1 most trafficked website in the world for luxury properties.
Property Syndication Sotheby’s International Realty’s proprietary listing distribution program ensures that properties in all areas are seen by more affluent buyers online than any other real estate brand. This program places properties up front and center on over 10,000+ websites, a feat that cannot be imitated or duplicated by other real estate brands.
The Network Sotheby’s International Realty’s network of top producing agents across 1,000 offices in 79 countries produced over 204 billion in total sales volume in 2021. This network of agents consistently work together to refer clients to one another, meaning that properties listed with Sotheby’s International Realty benefit from the entire network working together to drive awareness and buyers.
Marketing Sotheby’s International Realty’s hand-selected global marketing plan provides clients the most comprehensive, targeted marketing in real estate touching connected TV, earned press, print, digital, social and experiential marketing.
Innovation Sotheby’s International Realty’s digital innovations consistently attract buyer loyalty. Buyers interact with first-to-market innovations such as virtual reality property tours, embedded video showings and area lifestyle immersion. The result? Sotheby’s International Realty has more video and VR interaction than Zillow, Coldwell Banker, Compass, Berkshire Hathaway, Engel and Volkers and Realtor.com combined.
Noteworthy Clientele A clientele base including: 71 of Forbes 100 Wealthiest People, 253 of Forbes 400 Wealthiest Americans, 60 of Worth Magazine’s Benefactor 100 List, and 78 of Forbes 100 Wealthiest Americans.
Proven Track Record 278 Year Brand Heritage, 204 Billion Annual Sales Volume in 2021, 79% Increase in Annual Referrals, 46 Million Website Views Annually, 90M+ Property Video Views, 47,600 Press Placements
Media Domination Sotheby’s International Realty receives more press mentions and media collaborations than any other real estate brand. Due to the quality and consistency of Sotheby’s International Realty’s inspirational properties, brands such as Apple, Vogue, The New York Times, Wall Street Journal, Dwell, Financial Times, Dow Jones and beyond drive their viewers, readers and brand loyalists to Sotheby’s International Realty properties daily.
Brand Recognition The powerful Sotheby’s International Realty blue sign and classic branding immediately differentiate every Sotheby’s International Realty property. Sotheby’s International Realty’s brand is aspirational, placing it in a league with brands like Tiffany and Co., Porsche and Gucci. This brand power attracts the attention of qualified buyers worldwide.
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boulder city at a glance A short drive from the Hoover Dam, Boulder City was founded as housing for the laborers constructing the dam. Historic neighborhoods as well as new developments, make Boulder City a thriving community. This valley enclave has a comfortable hometown feel with its classic main street, featuring local shops and restaurants like the Back in Thyme antique shop, Boulder Dam Brewing Company, and Evan’s Old Town Grille. A night out or stroll downtown make this community a warm and inviting place to call home.
total properties sold
average sales price
27% YEAR OVER YEAR
11% YEAR OVER YEAR
45
average days on market
34
30% YEAR OVER YEAR
$600,398 average price per square foot
$300 22% YEAR OVER YEAR
INSIGHT Q1 2022: BOULDER CITY
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girl streets
total properties sold
14
36% YEAR OVER YEAR
average days on market
17
44% YEAR OVER YEAR
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average sales price
$483,036 29% YEAR OVER YEAR
average price per square foot
$273 14% YEAR OVER YEAR
golf course
total properties sold
average sales price
150% YEAR OVER YEAR
4% YEAR OVER YEAR
5
average days on market
5
88% YEAR OVER YEAR
$654,800 average price per square foot
$279 35% YEAR OVER YEAR
INSIGHT Q1 2022: BOULDER CITY
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letter & number
644 AVENUE I — LISTED BY CHELSEA WEST | S.0172662
total properties sold
average sales price
30% YEAR OVER YEAR
2% YEAR OVER YEAR
13
average days on market
67
2% YEAR OVER YEAR
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$384,269 average price per square foot
$323 23% YEAR OVER YEAR
lake side
214 DESERT ROSE COURT — LISTED BY CHELSEA WEST | S.0172662
total properties sold
average sales price
19% YEAR OVER YEAR
8% YEAR OVER YEAR
13
average days on market
67
2% YEAR OVER YEAR
$921,992 average price per square foot
$313 25% YEAR OVER YEAR
INSIGHT Q1 2022: BOULDER CITY
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SUMMERLIN 10100 W Charleston Boulevard, 160 Las Vegas, NV 89135
TIVOLI VILLAGE 410 Rampart #170 Las Vegas, NV 89145
lasvegassir.com | 702.360.1414
LAKE LAS VEGAS 2030 Lake Las Vegas Pkwy Henderson, NV 89011