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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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  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 7313 total listings taken in January, 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 6839 total listings taken in January, 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 January, 2007

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

  13. Here are the same stats for last year

  14. Now go to Statistical reports in MLXchange

  15. Select Comp report, Summary by Bedrooms

  16. Make your selections for single family residential solds for the last 6 months of 2006

  17. Here is Average Market Time and List Price vs. Sales price ratio for the last 6 months of 2006

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

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

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

  21. To Determine Number Sold YTD

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

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

  24. Then Go to Average Price

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

  26. You can use these number to determine appreciation or depreciation • Single Family Average • 2007 = $372,046 • 2006 = $344,515 • Difference of $27,531 • % change = + 8% • Condominium Average • 2007 = $236,113 • 2006 = $225,669 • Difference of $10,414 • % change = + 5%

  27. 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

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

  29. All but 1 parcel is a home site

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

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

  32. Here are your results, so click results

  33. 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

  34. This search will show up

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

  36. 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

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

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

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

  40. Now let’s move to the resource room and prepare Statistics and a Market Study for your neighborhood!

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