Page 43 - Las Vegas LVQR Market Research Report Q1 2024

Colliers 5
Land
Las Vegas 24Q1

Submarket Sales Square Footage Sold Acreage Sold Sales Volume Average Price Per SF
Airport
COM 0 0 0.0 $0 n/a
IND 0 0 0.0 $0 n/a
RES 4 277,913 6.4 $4,939,000 $17.77
Total 4 277,913 6.4 $4,939,000 $17.77
Apex
COM 0 0 0.0 $0 n/a
IND 0 0 0.0 $0 n/a
RES 0 0 0.0 $0 n/a
Total 0 0 0.0 $0 n/a
Downtown
COM 0 0 0.0 $0 n/a
IND 0 0 0.0 $0 n/a
RES 0 0 0.0 $0 n/a
Total 0 0 0.0 $0 n/a
East Las Vegas
COM 1 139,392 3.2 $1,900,000 $13.63
IND 0 0 0.0 $0 n/a
RES 1 209,088 4.8 $950,000 $4.54
Total 2 348,480 8.0 $2,850,000 $8.18
Henderson
COM 1 41,818 1.0 $1,950,000 $46.63
IND 2 501,812 11.5 $4,155,000 $8.28
RES 11 3,253,179 74.7 $24,514,225 $7.54
Total 14 3,796,809 87.2 $30,619,225 $8.06
North Las Vegas
COM 2 407,286 9.4 $3,710,960 $9.11
IND 0 0 0.0 $0 n/a
RES 1 45,302 1.0 $230,000 $5.08
Total 3 452,588 10.4 $3,940,960 $8.71
Northeast
COM 0 0 0.0 $0 n/a
IND 3 558,439 12.8 $1,982,330 $3.55
RES 3 798,890 18.3 $11,375,000 $14.24
Total 6 1,357,329 31.2 $13,357,330 $9.84
Northwest
COM 2 392,476 9.0 $6,400,000 $16.31
IND 0 0 0.0 $0 n/a
RES 9 1,852,099 42.5 $47,220,871 $25.50
Total 11 2,244,575 51.5 $53,620,871 $23.89
Resort Corridor
COM 0 0 0.0 $0 n/a
IND 0 0 0.0 $0 n/a
RES 0 0 0.0 $0 n/a
Total 0 0 0.0 $0 n/a
Southwest
COM 5 665,598 15.3 $13,254,850 $19.91
IND 0 0 0.0 $0 n/a
RES 12 2,949,447 67.7 $49,752,600 $16.87
Total 17 3,615,045 83.0 $63,007,450 $17.43
Summerlin
COM 0 0 0.0 $0 n/a
IND 0 0 0.0 $0 n/a
RES 4 3,856,802 88.5 $117,843,000 $30.55
Total 4 3,856,802 88.5 $117,843,000 $30.55
West Las Vegas
COM 2 257,004 5.9 $24,950,000 $97.08
IND 0 0 0.0 $0 n/a
RES 0 0 0.0 $0 n/a
Total 2 257,004 5.9 $24,950,000 $97.08
Grand Total
COM 13 1,903,574 43.7 $52,165,810 $27.40
IND 5 1,060,251 24.3 $6,137,330 $5.79
RES 45 13,242,720 304.0 $256,824,696 $19.39
Total 63 16,206,545 372.1 $315,127,836 $19.44
Historical Sales Square Footage Sold Acreage Sold Sales Volume Average Price Per SF
24q1 63 16,206,545 372.1 $315,127,836 $19.44
23q4 56 11,181,458 256.7 $217,503,224 $19.45
23q3 51 44,732,244 1026.9 $290,338,552 $6.49
23q2 39 8,176,255 187.7 $95,402,032 $11.67
23q1 51 12,860,863 295.2 $274,465,811 $21.34