2021 Q2 Las Vegas Luxury Real Estate Report

The Corcoran Report 2 Q | 2 0 2 1 | L A S V E G A S VA L L E Y

2 Q 2 02 1 | L A S V E G A S

2 Q 2 02 1 | L A S V E G A S

Overview Total Sold

Highest Sale

9847

$25M

Total properties sold for Las Vegas increased 268% year-over-year to 9,847, up from 5,878 in 2Q2020.

The highest sale price in Las Vegas increased 325% year-over-year to $25M, up from $5.8M in 2Q2020.

Days on Market

Lowest Sale

21

$69K

Average days on market for Las Vegas decreased 43% year-over-year to 21, down from 37 in 2Q2020.

The lowest sale price in Las Vegas decreased 7% year-over-year to $69K, down from $75K in 2Q2020.

Median Price

Average Price

$386K

$490K

The median sale price in Las Vegas increased 21% year-over-year to $386K, up from $320K in 2Q2020.

The average sale price in Las Vegas increased 31% year-over-year to $490K, up from $375K in 2Q2020.

+68% YE AR OVE R YE AR

-43 % YE AR OVE R YE AR

+21% YE A R OVE R YE A R

+3 25 % YE A R OVE R YE A R

-7% YE AR OVE R YE AR

+3 1% YE AR OVE R YE AR

2 Q 2 02 1 | L A S V E G A S

2 Q 2 02 1 | N O R T H W E S T L A S V E G A S

Northwest Total Sold

Highest Sale

2054

$11M

Total properties sold for Northwest Las Vegas increased 70% year-over-year to 2,054, up from 1,206 in 2Q2020.

The highest sale price in Northwest Las Vegas increased 92% year-over-year to $11M, up from $5.8M in 2Q2020.

Days on Market

Lowest Sale

20

$170K

Average days on market for Northwest Las Vegas decreased 44% year-over-year to 20, down from 36 in 2Q2020.

The lowest sale price in Northwest Las Vegas increased 55% year-over-year to $170K, up from $110K in 2Q2020.

Median Price

Average Price

$395K

$496K

The median sale price in Northwest Las Vegas rose 25% year-over-year to $395K, up from $316K in 2Q2020.

The average sale price in Northwest Las Vegas rose 29% year-over-year to $496K, up from $386K in 2Q2020.

+70% YE AR OVE R YE AR

-44% YE AR OVE R YE AR

+25 % YE A R OVE R YE A R

+92% YE A R OVE R YE A R

+55% YE AR OVE R YE AR

+29% YE A R OVE R YE A R

2 Q 2 02 1 | TO U R N A M E N T H I L L S | L A S V E G A S

Tournament Hills • Tournament Hills sales increased 200% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price increased 344% year-over-year, and the lowest sale price increased by 32%.

3

$4.3M

$8M

• Average days on market for Tournament Hills increased 100% to 53 days, compared to 0 days in 2Q2020.

• Tournament Hills average prices increased 143% year-over-year, and the median price increased 51% year-over-year.

+200% YE A R OVE R YE A R +143 % YE A R OVE R YE A R +3 44% YE A R OVE R YE A R

Days on Market

Median Price

Lowest Sale

53

$2.7M

$2.3M

+100% YE AR OVE R YE AR +51% YE AR OVE R YE AR

+3 2% YE A R OVE R YE A R

2 Q 2 02 1 | E A G L E H I L L S | L A S V E G A S

Eagle Hills • Eagle Hills sales increased 33% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price increased 29% year-over-year, and the lowest sale price decreased by 2%.

4

$1.7M

$2.2M

+3 3 % YE AR OVE R YE AR

+17% YE AR OVE R YE AR

+29% YE A R OVE R YE A R

Days on Market

Median Price

Lowest Sale

68

$1.6M

$1.2M

+26% YE A R OVE R YE A R

+15% YE AR OVE R YE AR

+2% YE A R OVE R YE A R

• Average days on market for Eagle Hills increased 26% to 68 days, compared to 54 days in 2Q2020.

• Eagle Hills average prices increased 17% year-over-year, and the median price increased 15% year-over-year.

2 Q 2 02 1 | C A N YO N F A I R WAYS | L A S V E G A S

Canyon Fairways • Canyon Fairways sales remained the same year-over-year..

Total Properties Sold

Average Price

Highest Sale

• The highest sale price decreased 43% year-over-year, and the lowest sale price decreased by 43% as well.

1

$1.5M

$1.5M

+0% YE AR OVE R YE AR

-43 % YE AR OVE R YE AR

-43 % YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

5

$1.5M

$1.5M

-91% YE AR OVE R YE AR

-43 % YE AR OVE R YE AR

-43 % YE AR OVE R YE AR

• Average days on market for Canyon Fairways decreased 91% to 5 days, compared to 56 days in 2Q2020.

• Canyon Fairways average prices decreased 43% year-over-year, and the median price decreased 43% year-over-year.

2 Q 2 02 1 | B E L L A C E R E | L A S V E G A S

Bellacere • Bellacere sales increased 100% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price decreased 19% year-over-year, and the lowest sale price decreased by 22%.

2

$2.3M

$2.4M

• Average days on market for Bellacere decreased 29% to 55 days, compared to 77 days in 2Q2020.

• Bellacere average prices decreased 22% year-over-year, and the median price decreased 20% year-over-year.

+100% YE A R OVE R YE A R - 22% YE A R OVE R YE A R

-19% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

55

$2.4M

$2.3M

- 29% YE A R OVE R YE A R

- 20% YE A R OVE R YE A R

- 22% YE A R OVE R YE A R

2 Q 2 02 1 | M O U N TA I N T R A I L S | L A S V E G A S

Mountain Trails • Mountain Trails sales increased 100% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price increased 100% year-over-year, and the lowest sale price increased by 100%.

1

$1.8M

$1.8M

• Average days on market for Mountain Trails increased 100% to 231 days, compared to 0 days in 2Q2020.

• Mountain Trails average prices increased 100% year-over-year, and the median price increased 100% year-over-year.

+100% YE AR OVE R YE AR +100% YE AR OVE R YE AR +100% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

231

$1.8M

$1.8M

+100% YE AR OVE R YE AR +100% YE AR OVE R YE AR +100% YE AR OVE R YE AR

2 Q 2 02 1 | PA L I S A D E S | L A S V E G A S

Palisades • Palisades sales increased 100% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price increased by 100% year-over-year, and the lowest sale price increased by 100%.

4

$1.5M

$1.9M

Days on Market

Median Price

Lowest Sale

15

$1.5M

$1.2M

• Average days on market for Palisades increased 100% to 15 days, compared to 0 days in 2Q2020.

• Palisades average prices increased 100% year-over-year, and the median price increased 100% year-over-year.

+100% YE AR OVE R YE AR +100% YE AR OVE R YE AR +100% YE AR OVE R YE AR

+100% YE AR OVE R YE AR +100% YE AR OVE R YE AR +100% YE AR OVE R YE AR

2 Q 2 02 1 | T H E V I N E YA R D S | L A S V E G A S

The Vineyards • The Vineyards sales increased 50% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price increased by 1% year-over-year, and the lowest sale price increased by 1%.

3

$1.2M

$1.3M

+50% YE AR OVE R YE AR

+1% YE AR OVE R YE AR

+1% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

12

$1.2M

$1.2M

- 25 % YE A R OVE R YE A R

+1% YE AR OVE R YE AR

+1% YE AR OVE R YE AR

• Average days on market for The Vineyards decreased 1% to 12 days, compared to 16 days in 2Q2020.

• The Vineyards average prices increased 1% year-over-year, and the median price increased 1% year-over-year.

2 Q 2 02 1 | C O U N T R Y C L U B H I L L S | L A S V E G A S

Country Club Hills • Country Club Hills sales rose 250% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 1030% year-over-year, while the lowest sale price rose by 44%.

7

$4M

$11.3M

• Average days on market for Country Club Hills increased 250% to 49 days, compared to 14 days in 2Q2020.

• Country Club Hills average prices increased 334% year-over-year, and the median price increased 75% year-over-year.

+25 0% YE A R OVE R YE A R +3 3 4% YE A R OVE R YE A R +103 0% YE A R OVE R YE A R

Days on Market

Median Price

Lowest Sale

49

$1.6M

$1.3M

+25 0% YE A R OVE R YE A R +75 % YE A R OVE R YE A R

+44% YE AR OVE R YE AR

2 Q 2 02 1 | Q U E E N S R I D G E | L A S V E G A S

Queensridge • Queensridge sales rose 17% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price decreased by 44% year-over-year, while the lowest sale price declined by .09%.

14

$1.2M

$3.3M

+17% YE AR OVE R YE AR

+27% YE A R OVE R YE A R

-44% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

33

$828K $550K

-55% YE AR OVE R YE AR

+12% YE A R OVE R YE A R

• Average days on market for Queensridge declined 55% to 33 days, compared to 74 days in 2Q2020.

• Queensridge average prices increased 27% year-over-year, and the median price increased 12% year-over-year.

-. 09% YE AR OVE R YE AR

2 Q 2 02 1 | L A S V E G A S

2 Q 2 02 1 | L A S V E G A

2 Q 2 02 1 | S O U T H W E S T L A S V E G A S

Southwest Total Sold

Highest Sale

2,447

$8.8M

Total properties sold for Southwest Las Vegas rose 90% year-over-year to 2,447, up from 1,267 in 2Q2020.

The highest sale price in Southwest Las Vegas rose 60% year-over-year to $8.8M, up from $5.5M in 2Q2020.

Days on Market

Lowest Sale

24

$229K

Average days on market for Southwest Las Vegas declined 37% year-over-year to 24, down from 38 in 2Q2020.

The lowest sale price in Southwest Las Vegas rose 31% year-over-year to $229K, up from $175K in 2Q2020.

Median Price

Average Price

$420K

$562K

The median sale price in Southwest Las Vegas rose 18% year-over-year to $420K, up from $355K in 2Q2020.

The average sale price in Southwest Las Vegas rose 29% year-over-year to $562K, up from $436K in 2Q2020.

+93 % YE AR OVE R YE AR

-3 7% YE AR OVE R YE AR

+18% YE AR OVE R YE AR

+60% YE AR OVE R YE AR

+3 1% YE AR OVE R YE AR

+29% YE A R OVE R YE A R

2 Q 2 02 1 | T H E R I D G E S | L A S V E G A S

The Ridges • The Ridges sales rose 178% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 31% year-over-year, while the lowest sale price rose by 47%.

25

$3.5M

$7.2M

+178% YE AR OVE R YE AR

+3 8% YE AR OVE R YE AR

+3 1% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

51

$3M

$1.8M

-3 6% YE AR OVE R YE AR

+28% YE A R OVE R YE A R

+47% YE AR OVE R YE AR

• Average days on market for The Ridges decreased 36% to 51 days, compared to 80 days in 2Q2020.

• The Ridges average prices increased 38% year-over-year, and the median price increased 28% year-over-year.

2 Q 2 02 1 | R E D R O C K C O U N T R Y C L U B | L A S V E G A S

Red Rock Country Club • Red Rock Country Club sales rose 118% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 55% year-over-year, while the lowest sale price rose by 15%.

37

$1.5M

$2.9M

+118% YE AR OVE R YE AR

+24% YE A R OVE R YE A R

+55% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

22

$1.4M

$750K

-71% YE AR OVE R YE AR

+13 % YE AR OVE R YE AR

+15% YE AR OVE R YE AR

• Average days on market for Red Rock Country Club decreased 71% to 122 days, compared to 75 days in 2Q2020.

• Red Rock Country Club average prices increased 24% year-over-year, and the median price increased 13% year-over-year.

2 Q 2 02 1 | W I L L O W C R E E K | L A S V E G A S

Willow Creek • Willow Creek sales rose 29% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 8% year-over-year, while the lowest sale price rose by 53%.

9

$1.3M

$1.6M

+29% YE A R OVE R YE A R

+3 1% YE AR OVE R YE AR

+8% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

47

$1.2M

$870K

+3 4% YE AR OVE R YE AR

+40% YE AR OVE R YE AR

+53 % YE AR OVE R YE AR

• Average days on market for Willow Creek declined 34% to 47 days, compared to 35 days in 2Q2020.

• Willow Creek average prices increased 31% year-over-year, and the median price increased 40% year-over-year.

2 Q 2 02 1 | C A N YO N G AT E | L A S V E G A S

Canyon Gate • Canyon Gate sales rose 133% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 109% year-over-year, while the lowest sale price rose by 54%.

14

$1.1M

$2.4M

• Average days on market for Canyon Gate declined 17% to 15 days, compared to 18 days in 2Q2020.

• Canyon Gate average prices increased 77% year-over-year, and the median price increased 70% year-over-year.

+13 3 % YE AR OVE R YE AR +77% YE AR OVE R YE AR

+109% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

15

$975K

$545K

-17% YE AR OVE R YE AR

+70% YE AR OVE R YE AR

+54% YE AR OVE R YE AR

2 Q 2 02 1 | S PA N I S H T R A I L S | L A S V E G A S

Spanish Trails • Spanish Trails sales rose 114% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 77% year-over-year, while the lowest sale price rose by 14%.

30

$1M

$3M

+114% YE AR OVE R YE AR

+5 2% YE A R OVE R YE A R

+77% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

36

$765K

$496K

-63 % YE AR OVE R YE AR

+3 1% YE AR OVE R YE AR

+14% YE AR OVE R YE AR

• Average days on market for Spanish Trails declined 63% to 36 days, compared to 97 days in 2Q2020.

• Spanish Trails average prices increased 52% year-over-year, and the median price increased 31% year-over-year.

2 Q 2 02 1 | S PA N I S H H I L L S | L A S V E G A S

Spanish Hills • There were 4 homes sold in Spanish Hills during 2Q2021 and no homes sold in 2Q2020.

Total Properties Sold

Average Price

Highest Sale

4

$1.1M

$2.6M

+100% YE AR OVE R YE AR +100% YE AR OVE R YE AR +100% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

54

$1.7M

$875K

+100% YE AR OVE R YE AR +100% YE AR OVE R YE AR +100% YE AR OVE R YE AR

2 Q 2 02 1 | S O U T H E R N H I G H L A N D S | L A S V E G A S

Southern Highlands • Southern Highlands sales rose 222% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 248% year-over-year, while the lowest sale price declined by 9%.

29

$2M

$8.8M

+222% YE A R OVE R YE A R

+67% YE AR OVE R YE AR

+248% YE A R OVE R YE A R

Days on Market

Median Price

Lowest Sale

75

$1.3M

$445K

• Average days on market for Southern Highlands +/- 0% to 75 days, compared to 75 days in 2Q2020.

• Southern Highlands average prices increased 67% year-over-year, and the median price increased 105% year-over-year.

+/ - 0% YE AR OVE R YE AR +105% YE AR OVE R YE AR -9% YE AR OVE R YE AR

2 Q 2 02 1 | L A S V E G A S

2 Q 2 02 1 | L A S V E G A S

2 Q 2 02 1 | H E N D E R S O N

Henderson Total Sold

Highest Sale

1,824

$25M

Total properties sold for Henderson rose 67% year-over-year to 1,824, up from 1093 in 2Q2020.

The highest sale price in Henderson rose 481% year-over-year to $25M, up from $4.3M in 2Q2020.

Days on Market

Lowest Sale

19

$144K

Average days on market for Henderson declined 50% year-over-year to 19, down from 38 in 2Q2020.

The lowest sale price in Henderson rose 63% year-over-year to $144K, up from $88K in 2Q2020.

Median Price

Average Price

$450K

$620K

The median sale price in Henderson rose 22% year-over-year to $450K, up from $370K in 2Q2020.

The average sale price in Henderson rose 42% year-over-year to $620K, up from $438K in 2Q2020.

+67% YE AR OVE R YE AR

-50% YE AR OVE R YE AR

+22% YE A R OVE R YE A R

+481% YE AR OVE R YE AR

+63 % YE AR OVE R YE AR

+42% YE A R OVE R YE A R

2 Q 2 02 1 | M A C D O N A L D H I G H L A N D S | L A S V E G A S

MacDonald Highlands • MacDonald Highlands sales rose 188% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 533% year-over-year, while the lowest sale price declined by 4%.

23

$3.7M

$25M

• Average days on market for MacDonald Highlands declined 13% to 87 days, compared to 100 days in 2Q2020.

• MacDonald Highlands average prices increased 82% year-over-year, and the median price increased 43% year-over-year.

+188% YE A R OVE R YE A R +82% YE A R OVE R YE A R

+53 3 % YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

87

$2.2M

$925K

-13 % YE AR OVE R YE AR

+43 % YE AR OVE R YE AR

-4% YE AR OVE R YE AR

2 Q 2 02 1 | A N T H E M C O U N T R Y C L U B | L A S V E G A S

Anthem Country Club • Anthem Country Club sales rose 222% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 89% year-over-year, while the lowest sale price rose by 1%.

58

$1.5M

$5.2M

+222% YE A R OVE R YE A R

+42% YE A R OVE R YE A R

+89% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

17

$1.1M

$499K

-71% YE AR OVE R YE AR

+26% YE A R OVE R YE A R

+1% YE AR OVE R YE AR

• Average days on market for Anthem Country Club declined 71% to 17 days, compared to 59 days in 2Q2020.

• Anthem Country Club average prices increased 42% year-over-year, and the median price increased 26% year-over-year.

2 Q 2 02 1 | S E V E N H I L L S | L A S V E G A S

Seven Hills • Seven Hills sales rose 360% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 63% year-over-year, while the lowest sale price declined by 1%.

23

$2.3M

$7M

• Average days on market for Seven Hills declined 37% to 37 days, compared to 139 days in 2Q2020.

• Seven Hills average prices increased 27% year-over-year, and the median price increased 53% year-over-year.

+3 60% YE A R OVE R YE A R +27% YE A R OVE R YE A R

+63 % YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

37

$2M

$750K

-73 % YE AR OVE R YE AR

+53 % YE AR OVE R YE AR

-1% YE AR OVE R YE AR

2 Q 2 02 1 | T H E F O U N TA I N S | L A S V E G A S

The Fountains • The Fountains sales rose 700% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 46% year-over-year, while the lowest sale price declined by 13%.

8

$1.2M

$1.6M

• Average days on market for The Fountains declined 80% to 27 days, compared to 1 days in 2Q2020.

• The Fountains average prices increased 10% year-over-year, and the median price increased 8% year-over-year.

+700% YE AR OVE R YE AR +10% YE AR OVE R YE AR

+46% YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

27

$1.2M

$950K

-80% YE AR OVE R YE AR

+8% YE AR OVE R YE AR

-13 % YE AR OVE R YE AR

2 Q 2 02 1 | L A K E L A S V E G A S | L A S V E G A S

Lake Las Vegas • Lake Las Vegas sales rose 100% year-over-year.

Total Properties Sold

Average Price

Highest Sale

• The highest sale price rose by 133% year-over-year, while the lowest sale price declined by 13%.

44

$1.1M

$4.2M

• Average days on market for Lake Las Vegas declined 31% to 61 days, compared to 89 days in 2Q2020.

• Lake Las Vegas average prices increased 54% year-over-year, and the median price increased 26% year-over-year.

+100% YE AR OVE R YE AR +54% YE AR OVE R YE AR

+13 3 % YE AR OVE R YE AR

Days on Market

Median Price

Lowest Sale

61

$845K $365K

-3 1% YE AR OVE R YE AR

+26% YE A R OVE R YE A R

-13 % YE AR OVE R YE AR

2 Q 2 02 1 | L A S V E G A S

Methodology The Corcoran Report offers current and valuable information regarding the local market. Each region reported on is broken down by neighborhood and contains speci c details and insights related to that market.

M ETR I C S

TOTAL PROPERTIES SOLD is the total number of properties that closed within the quarter reported.

AVERAGE PRICE is the price calculated by dividing the combined prices of properties by the amount of sold properties in that same area.

HIGHEST SALE is the highest priced property that was sold in the area being reported on during the quarter reported.

MEDIAN PRICE is the middle or midpoint price where half of sales fall below and half fall above this number.

LOWEST SALE is the lowest priced property that was sold in the area being reported on during the quarter reported.

DAYS ON MARKET averages how long a unit takes to sell and is calculated from subtracting the list date from the date of close.

SO U R C E

Figures in this report are based on publicly reported single family home closed sales information via the Multiple Listing Service.

D I SC LA I M ER

©2021 Corcoran Global Living. 1980 Festival Plaza Drive, Suite 460, Las Vegas, NV 89135. CA DRE# 02109201; NV B.1000747. All rights reserved.

Corcoran® and the Corcoran Logo are registered service marks owned by Corcoran Group LLC. Corcoran Global Living fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Real estate agents af liated with Corcoran Global Living are independent contractors and are not employees of Corcoran Global Living. Each of ce is independently owned and operated. All material presented herein is intended for information purposes only and has been compiled from sources deemed reliable. MLS April 1, 2020 - June 30, 2020 and April 1, 2021 - June 30, 2021. Based on information from Multiple Listing Service as of 7/6/2021 and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, veri ed by broker or MLS. All information should be independently reviewed and veri ed for accuracy. Properties may or may not be listed by the of ce/agent presenting the information. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal notice.

T H E F O L L OW I N G M E M B E R S M A D E S I G N I F I C A N T C O N T R I B U T I O N S TO T H I S R E P O R T:

Tyle r O'Ne ill I Zu z an a Malo n e | Tylar C h e ste r | A n ge la We lch

2 Q 2 02 1 | L A S V E G A S

Don Kuhl

Partner m 702.324.2121 | o 725.214.0909 Don.Kuhl@corcorangl.com 1980 Festival Plaza Drive, Ste 460 Las Vegas, NV 89135 VegasLuxuryHomes.com