Page 36 - Las Vegas LVQR Market Research Report Q1 2024

Multifamily
Las Vegas 24Q1

Sales History

$2,500 $500,000
$2,250 $450,000

$2,000 $400,000
$1,750 * $350,000
$300,000
$1,500
Sales Volume ($MM) $1,250 * $250,000 Price/Unit
$1,000
$200,000
$750
$150,000
$500
$100,000
$250
$0 ** ** $50,000
$0
21q2 21q3 21q4 22q1 22q2 22q3 22q4 23q1 23q2 23q3 23q4 24q1

Sales Volume Price/Unit
Source: Colliers International
* Price per unit represents a single multifamily sale ** There were no sales transactions this quarter
Demographics

Median Proj. Annual
Renter Average
Submarket Households Household Growth Rental
Occupied Household Size
Income Households

Central 41,700 68% $31,897 2.6 252
East Las Vegas 59,500 47% $49,264 2.6 85
Green Valley 38,400 45% $76,244 2.4 97
Henderson 100,900 29% $86,682 2.5 341
North Las Vegas 89,500 36% $66,708 3.1 338
Northwest 125,400 36% $77,352 2.7 370
South 41,200 47% $74,085 2.5 247
Southwest 103,800 39% $88,423 2.7 585
Summerlin/The Lakes 101,100 37% $78,395 2.4 223
Sunrise Manor/Northeast 64,100 50% $47,768 3.2 178
University/The Strip 39,700 79% $37,753 2.1 200
West Las Vegas 54,900 61% $44,493 2.5 189

Source: ESRI

Colliers | Las Vegas | 24Q1 | Multifamily Report 3