13 Months Trailing Statistics

The statistics provided by the local press have many problems. Because we need accurate information, we compile statistics on the narrow segment of single-family properties we target.

Note: The data shown in this article only applies to properties that conform to our investment property profile and are based on data from the Greater Las Vegas Association of REALTORS (GLVAR) MLS.

• Type: Single-family
• Configuration: 3+ bedrooms, 2+ baths, 2+ car garages, 1,100 to 2,400 SF, one or two stories, lot size 3,000 SF to 6,000 SF.
• Rent range: $1,900/Mo to $2,300/Mo
• Location: See the map below for the general areas.

Rental Statistics

Rentals – Median $/SF by Month

Rentals – List to Contract Days by Month

Rentals – Availability by Month

This chart shows the average daily number of properties that were for rent in a particular month.

Rentals – Closings by Month

Rentals – Months of Supply

Sales Statistics

Sales – Median $/SF by Month

The price per square foot unexpectedly fell in August. While we typically see a slight slowdown when school begins mid-month, this drop was larger than normal. Since inventory (months of supply) didn’t increase, my guess is that all the negative news and global uncertainty pushed some sellers to cut prices.
I also looked into distressed single-family sales, and there’s no sign of trouble. The numbers are very low:

• Short sales: 38, about 0.0084% of all single-family homes
• Bank owned (REO): 37, about 0.0082%
• Foreclosures started: 33, about 0.0073%

Overall, the market still looks healthy.

Sales – List to Contract Days by Month

Sales – Availability by Month

This chart shows the average daily number of properties that were for sale in a particular month.

Sales – Closings by Month

Sales – Months of Supply