PresentsStatistics and Market Study

How to obtain the “Statistics You Must Know”

Log onto MLXchange to

begin your compilations

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Total Active Residential ListingsSelect 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)

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Here is your total!

To Find Last Year Comparables, go to www.lasvegasrealtor.com and log in

Go to “Sale Stats” and

then “Monthly Stats” for

the information

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Once there, go to the Monthly MLXchange Statistics Report and find the comparable month

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Here you will find the

corresponding months for

comparison.As you can see

there were 6827 total listings

taken in August, 2005

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By comparison your can see

that 7,305 total

listings were taken in

August, 2006

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To determine this year’sAverage List Price,

go to Monthly Comparative Statistics

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Select the most recent statistics

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Here you can find the Average List Price and Average Sales Price for this year

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If you go to statistics under reports on MLXchange and go to report by Bedrooms

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Here is Average Market Time and List Price vs. Sales price ratio

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Proceed the same way for statistics for last year

• Go to Monthly Comparative Statistics for August, 2005 for Average List Price

• Then go to MLXchange reports and pull comp report by bedrooms, sold, res, areas 101 – 702 for actual close dates between 01/01/2005 and 12/31/2005

• You will then have the Average Market Time and List Price vs. Sale Price Ratio

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To Determine Last Year’s Average List Price

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Here is the Average List Price Last Year

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You can then find Average Market Time & List Price vs. Sales Price Ratio with the same

Comp report, but for last year

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To Determine Number Sold YTD

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To Determine Number Sold YTDLast Year

NOTE: Be

certain to add S & H status to get YTD

for last year!

To find Average Sales Price, Go to Annualized Statistics

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Then Go to Average Price

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Here are the results for Average Sales Price this year vs. last year

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You can use these number to determine appreciation or

depreciation• Single Family Average

– 2006 = $375,992

– 2005 = $324,252

– Difference of $51,740

– % change = + 14%

• Condominium Average

– 2006 = $225,769

– 2004 = $209,905

– Difference of $15,864

– % change = + 7%

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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

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

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All but 1 parcel is a home site

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

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To Determine the top 3 Listing Agents in the Subdivision, go to search

Put in Status = ER, EA, S, P, C

Area

Subdivision Name

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

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If there is no dominant agent, find out which Brokerages are dominant

Click here to alphabetize

the field

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Now let’s move to the resource room and prepare Statistics and

a Market Study for your neighborhood!

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