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1. The Real Estate Report
• The average days on market fell by 7.8% year-
over-year to 58 from 63.
Month-Over-Month
• Median home prices improved by 1.7% to
$239,900 from $236,000.
• The average home sales price fell by 0.8% to
$272,974 from $275,077.
• Home sales down by 20.8% to 2,029 from 2,561.
• Total inventory* increased 5.8% to 9,985 from
9,436.
• Sales price vs. list price ratio dropped by 0.1% to
98.3% from 98.4%.
• The average days on market increased by 1.7%
to 58 from 57.
CONDOMINIUMS
Year-Over-Year
• Median condo prices fell by 4.2% year-over-year
to $115,000 from $120,000.
• The average condo sales price dropped by
13.5% year-over-year to $131,501 from
$151,998.
• Condo sales rose by 5.9% year-over-year to 487
from 460.
• Total inventory* fell 46.9% year-over-year to
1,744 from 3,284.
• Sales price vs. list price ratio rose by 0.8% year-
over-year to 97.7% from 96.9%.
The median price for single-family, re-sale homes
was up 9.0% in January, year-over-year. That’s
the fifty-seventh month in a row the median price
has been higher than the year before.
With inventory still being problematic, I expect we
will reach a new high price in 2017.
The number of homes for sale as of the 5th of
February last month was 5,589. The average
number of homes for sale since 2007 is 10,196.
Home sales were up 14.3% compared to last
January.
JANUARY SALES STATISTICS
SINGLE-FAMILY HOMES
Year-Over-Year
• Median home prices increased by 9.0% year-
over-year to $239,900 from $220,000.
• The average home sales price rose by 8.3%
year-over-year to $272,974 from $251,944.
• Home sales rose by 14.5% year-over-year to
2,029 from 1,772.
• Total inventory* fell 14.4% year-over-year to
9,985 from 11,659.
• Sales price vs. list price ratio rose by 0.0% year-
over-year to 98.3% from 98.3%.
Mark IZZY Israelitt, REALTOR® | (702) 816-1505 | IZZY@ask4izzy.Realtor | http://www.ask4izzy.realtor
________________________
VISIT
http://ask4izzy.rereport.com/
for a free on-line market analysis of your
property. You can also search for recent
sales & listings in your neighborhood.
• The average days on market fell by 24% year-over-
year to 52 from 69.
Month-Over-Month
• Median condo prices improved by 2.9% to
$115,000 from $111,750.
• The average condo sales price rose by 10.4% to
$131,501 from $119,144.
• Condo sales down by 24.1% to 487 from 642.
• Total inventory* increased 4.9% to 1,744 from
1,662.
• Sales price vs. list price ratio increased by 0.5% to
97.7% from 97.2%.
• The average days on market dropped by 2.8% to
52 from 54.
Local Market Trends February/March 2017
Prices and Sales Begin Year in the Green
Greater Las Vegas Area
Mark IZZY Israelitt, REALTOR®
Ask for IZZY the REALTOR®
Colonel, U.S. Air Force, Retired
at the Signature Real Estate Group
2200 Paseo Verde Parkway, Suite 300
Henderson, NV 89052
Call/text: (702) 816-1505
IZZY@ask4izzy.Realtor
http://www.ask4izzy.realtor
Jan 17 Dec 16 Jan 16
Median Price: $239,900 $236,000 $220,000
Average Price: $273,028 $275,077 $251,944
Home Sales: 2,025 2,561 1,772
Pending Sales: 3,996 3,589 4,419
Active Listings: 5,889 5,847 7,240
Sale/List Price Ratio: 98.3% 98.4% 98.3%
Jan 17 Dec 16 Jan 16
Median Price: $115,000 $111,750 $120,000
Average Price: $131,501 $119,144 $151,998
Condo Sales: 487 642 460
Pending Sales: 840 743 989
Active Listings: 890 919 2,295
Sale/List Price Ratio: 97.7% 97.2% 96.9%
Trends at a Glance - Greater Las Vegas Area
(Single-family Homes)
Condominiums
$65
$115
$165
$215
$265
0.0
2.0
4.0
6.0
8.0
10.0
0
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A J O 1
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Clark SFR: Absorption Rate & Median Price - 12-month moving average
Buyers' Market
Sellers' Market
Sellers' Market
Buyers' Market
© 2016 rereport.com

2. Rates Slip, Perhaps Will Dip
February 10, 2017 -- In a week light on market-
moving economic data, and as we move into the
valley between the last Federal Reserve Bank meet-
ing and the next, mortgage rates are finding a little
space to soften. At one point this week, it looked as
though we might be entering a more meaningful
downturn for rates, but that chance was eroded a bit
as President Trump offered that a "phenomenal" tax
cut plan would soon be revealed. This pronounce-
ment saw investors move money out of bonds and
back into stocks, and influential yields that underlie
mortgage rates edged back upward a bit as the week
ended.
After spiking in November and December, mortgage
rates have turned directionless so far in 2017, hold-
ing in a fairly small range for the first six weeks of the
year. Given that much of the increase in rates was
the surprising result of the election as investors made
considerable adjustment to their positions, it's to be
expected that rates are more in a holding pattern
than not as markets await details of what are ex-
pected to be considerable fiscal, tax and trade poli-
cies. It is of course unclear what will actually make its
way through the political process, and even then,
what impacts these changes will have (if any, for
whom, and when).
Mortgage rates are only one concern of the potential
home buyer or homeowner looking to refinance. Ac-
cess to those funds is perhaps more important, and
lending conditions continue to ease at the margins,
according to the latest poll of Senior Loan Officers by
the Federal Reserve. To be fair, the loosening wasn't
much, but 4.8 percent of banks responding to the poll
reported easier standards for GSE-backed mortgage
loans, and 3.4 percent reported such changes for
government-backed loans. Given that underwriting
terms are dictated by Fannie, Freddie, the FHA and
other bodies, this trimming of strictures most likely
will take the form of reduced or eliminated overlays.
As well, at least a bit of additional good news for
future mortgage seekers came in the form of expec-
tations for 2017 lending standards. More than 9 per-
cent of lenders expect to loosen their reins in 2017
for GSE-backed loans, and some 14 percent expect
to do so for non-conforming jumbo loans as well. By
contrast, concerns about rising losses in auto lending
saw terms and conditions for those loans tightened
up, with about 13 percent pulling the purse strings
tighter.
GSE = government-sponsored enterprises like Fan-
nie Mae and Freddie Mac
Mortgage Rate Outlook
The chart above shows the National
monthly average for 30-year fixed rate mort-
gages as compiled by HSH.com. The aver-
age includes mortgages of all sizes, includ-
ing conforming, "expanded conforming,"
and jumbo.
Mark IZZY Israelitt, REALTOR®
Colonel, U.S. Air Force, Retired
Ask for IZZY the REALTOR®
Signature Real Estate Group
2200 Paseo Verde Parkway, Suite 300
Henderson, NV 89052
Call/text: (702) 816-1505
or email: ZZY@ask4izzy.Realtor
Greater Las Vegas | February/March 20172 Local Market Trends |
Cities Median Average All REO SS Active REO` SS` Pend DOI SP/LP
Clark County 239,900$ 273,028$ 2,025 163 78 5,889 246 322 3,996 87 98.3%
Boulder City 252,450$ 285,588$ 16 2 0 80 5 0 28 150 96.0%
Henderson 286,500$ 331,607$ 338 19 7 1,144 42 47 623 102 98.0%
Las Vegas 233,500$ 269,038$ 1,438 119 51 4,258 187 228 2,842 89 98.3%
North Las Vegas 202,000$ 211,814$ 233 23 20 407 12 47 503 52 98.5%
Pahrump 123,500$ 135,664$ 70 11 0 281 24 9 126 120 95.0%
Greater Las Vegas Area - January 2017
SINGLE-FAMILY HOMES
Prices Sold For Sale
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
$-
$50
$100
$150
$200
$250
$300
0
9
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0
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7
Clark County Homes: Average & Median Prices and Sales
(3-month moving average — price in 000's)
© 2016 rereport.com
3.0% 4.0% 5.0% 6.0% 7.0% 8.0%
01-08
07-08
01-09
07-09
01-10
07-10
01-11
07-11
01-12
07-12
01-13
07-13
01-14
07-14
01-15
07-15
01-16
07-16
01-17
30-Year Fixed Mortgage Rates

3. If your house is currently listed with another
broker this is not intended as a solicitation
of that listing.
33333
Mark IZZY Israelitt, REALTOR®
Colonel, U.S. Air Force, Retired
Ask for IZZY the REALTOR®
at the Signature Real Estate Group
2200 Paseo Verde Parkway, Suite 300
Henderson, NV 89052
Call/text: (702) 816-1505
or email: IZZY@ask4izzy.Realtor
Table Definitions
_______________
Median Price
The price at which 50% of prices
were higher and 50% were lower.
Average Price
Add all prices and divide by the
number of sales.
SP/LP
Sales price to list price ratio or the
price paid for the property divided
by the asking price.
DOI
Days of Inventory, or how many
days it would take to sell all the
property for sale at the current rate
of sales.
Pend
Property under contract to sell that
hasn’t closed escrow.
Active
Number pf properties actively for
sale as of the last day of the month.
Greater Las Vegas |Local Market Trends |
Cities Median Average All REO SS Active REO' SS` Pend DOI SP/LP
Clark County 115,000$ 131,501$ 487 26 19 890 39 35 840 55 97.7%
Henderson 175,000$ 187,287$ 86 6 2 122 4 8 109 43 98.4%
Las Vegas 105,000$ 119,619$ 375 20 15 722 33 27 682 58 97.6%
North Las Vegas 91,000$ 103,225$ 22 0 2 29 2 0 43 40 96.7%
CONDOMINIUMS
Prices Sold For Sale
Greater Las Vegas Area - January 2017
-
100
200
300
400
500
600
700
800
900
1,000
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
0
9
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Clark County Condos: Average & Median Prices and Sales
(3-month moving average — price in 000's)
© 2016 rereport.com
-80.0
-60.0
-40.0
-20.0
0.0
20.0
40.0
60.0
1
0
M M J S N 1
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Clark County Homes: Sales Momentum
Sales Pendings Median © 2016 rereport.com
-50.0%
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
0
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MM J S N 1
0
MM J S N 1
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3
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Clark County Homes: Year-Over-Year MedianPrice Change
© 2016 rereport.com
February/March 2017 3

4. THE REAL ESTATE REPORT
GREATER LAS VEGAS AREA
This Real Estate Report is published and copyrighted by http://rereport.com.
Information contained herein is deemed accurate and correct, but no warranty is implied or given.
Mark IZZY Israelitt, REALTOR®
Colonel, US Air Force, Retired
The Signature Real Estate Group
2200 Paseo Verde Parkway, Suite 300
Henderson, NV 89052-2705
PRSRT STD
U.S. POSTAGE
PAID
LAS VEGAS NV
PERMIT NO. 9525
Mark IZZY Israelitt, REALTOR®
Colonel, U.S. Air Force, Retired
Ask for IZZY the REALTOR®
at the Signature Real Estate Group
Call/text: (702) 816-1505
or email: IZZY@ask4izzy.Realtor
-
5,000
10,000
15,000
20,000
09 J 10 J 11 J 12 J 13 J 14 J 15 J 16 J 17
Clark County:SFR Active Listings
-60.0%
-40.0%
-20.0%
0.0%
20.0%
40.0%
60.0%
0
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Clark County Condos: Year-Over-YearMedian Price Change
© 2016 rereport.com
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