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Presents

Services Nevada. Presents. Statistics and Market Study. How to obtain the “Statistics You Must Know”. Log onto MLXchange to begin your compilations. Total Active Residential Listings. Select Property Subtypes: CON, SFR,TWH Select Status: EA, ER

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Presents

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  1. Services Nevada Presents Statistics and Market Study

  2. How to obtain the “Statistics You Must Know” Log onto MLXchange to begin your compilations

  3. Total Active Residential Listings Select Property Subtypes: CON, SFR,TWH Select Status: EA, ER Select Areas from 101-702 (that includes all of Boulder City, Henderson, North Las Vegas and Las Vegas) Here is your total! 3

  4. To Find Last Year Comparables, go to www.lasvegasrealtor.com and log in Go to “Sale Stats” and then “Monthly Stats” for the information

  5. Once there, go to the Monthly MLXchange Statistics Report and find the comparable months

  6. Here are the January, 2007 new listings taken Here you can see there were 6866 total listings taken in July, 2007

  7. Now go to the same month for last year

  8. Here you will find the corresponding information for comparison.As you can see there were 6949 total listings taken in July, 2006

  9. To determine this year’sAverage List Price,go to Monthly Comparative Statistics

  10. Select the most recent statistics

  11. Here you can find the Average List Price, Average Sales Price, Average days on the market and # of listings taken for July, 2007

  12. The next page has statistical data by area

  13. Next is availability by quarter since January 2004

  14. Then you will find number of new listings by quarter since 2004

  15. Here is units sold by quarter since 2004

  16. Now do the same for the corresponding month last year

  17. Here are the same stats and graphs for July

  18. Now go to Statistical reports in MLXchange

  19. Select Comp report, Summary by Bedrooms

  20. Make your selections for single family residential solds since January of 2007

  21. Here is Average Market Time and List Price vs. Sales price ratio since January of 2007

  22. Let’s say you have a listing presentation in The Lakes, select your search criteria to match

  23. This statistical report will show you the average sales price, the Days on the Market and the list price/Sale Price ratio

  24. Or you want to do the entire SW part of the valley

  25. To Determine Number Sold YTD

  26. To Determine Number Sold YTDLast Year NOTE: Be certain to add S & H status to get YTD for last year!

  27. To find Average Sales Price, Go to Annualized Statistics

  28. Then Go to Average Price. Here are the results for Average Sales Price this year vs. last year

  29. You can use these number to determine appreciation or depreciation • Single Family Average • 2007 = $389,304 • 2006 = $344,515 • Difference of $44,789 • % change = + 13% • Condominium Average • 2007 = $241,742 • 2006 = $225,669 • Difference of $16,073 • % change = +7%

  30. Market Study of Subdivision • You will first determine the number of homes in the subdivision by going to the tax record in MLXchange • Type in the subdivision name and proceed

  31. Here is Country Rose in SummerlinThere are 154 parcels of land in the subdivision

  32. All but 1 parcel is a home site

  33. There is a Market Study Template available for you to use to determine Age, Style and Square Footage

  34. Now you will want to determine the statistics for the subdivision or area you are dealing with Let’s stick with Country Rose

  35. Here are your results, so click results

  36. Once you see the list of your results, you will want to find out the stats The first thing you will do is go to columns and pull up the market recap by subdivision

  37. This search will show up

  38. Click on Search Criteria and Statistics at the bottom of the report

  39. You have the same statistics here on a smaller scale as are available in the annual statistics function SP/LP ratio Avg List Price Avg Sales Price Avg Days on Market

  40. To Determine the top 3 Listing Agents in the Subdivision, go to search Put in Status = ER, EA, S, P, C Area Subdivision Name

  41. You have an Agent Inventory Template available to determine Top 3 Listing Agents in area

  42. If there is no dominant agent, find out which Brokerages are dominant Click here to alphabetize the field

  43. Your assignment is to prepare Statistics and a Market Study for your neighborhood!

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