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Published byArlene Houston Modified over 9 years ago
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Presents Statistics and Market Study Services Nevada
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2 How to obtain the “Statistics You Must Know” Log onto MLXchange to begin your compilations
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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) 3 Here is your total!
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4 To Find Last Year Comparables, go to www.lasvegasrealtor.com and log in www.lasvegasrealtor.com Go to “Sale Stats” and then “Monthly Stats” for the information
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5 Once there, go to the Monthly MLXchange Statistics Report and find the comparable months
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6 Here are the January, 2007 new listings taken Here you can see there were 7313 total listings taken in January, 2007
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7 Now go to the same month for last year
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8 Here you will find the corresponding information for comparison. As you can see there were 6839 total listings taken in January, 2006
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9 To determine this year’s Average List Price, go to Monthly Comparative Statistics
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10 Select the most recent statistics
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11 Here you can find the Average List Price, Average Sales Price, Average days on the market and # of listings taken for January, 2007
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12 Now do the same for the corresponding month last year
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13 Here are the same stats for last year
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14 Now go to Statistical reports in MLXchange
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15 Select Comp report, Summary by Bedrooms
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16 Make your selections for single family residential solds for the last 6 months of 2006
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17 Here is Average Market Time and List Price vs. Sales price ratio for the last 6 months of 2006
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18 Let’s say you have a listing presentation in The Lakes, select your search criteria to match
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19 This statistical report will show you the average sales price, the Days on the Market and the list price/Sale Price ratio
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20 Or you want to do the entire SW part of the valley
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21 To Determine Number Sold YTD
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22 To Determine Number Sold YTD Last Year NOTE: Be certain to add S & H status to get YTD for last year!
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23 To find Average Sales Price, Go to Annualized Statistics
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24 Then Go to Average Price
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25 Here are the results for Average Sales Price this year vs. last year
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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%
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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
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28 Here is Country Rose in Summerlin There are 154 parcels of land in the subdivision
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29 All but 1 parcel is a home site
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30 There is a Market Study Template available for you to use to determine Age, Style and Square Footage
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31 Now you will want to determine the statistics for the subdivision or area you are dealing with Let’s stick with Country Rose
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32 Here are your results, so click results
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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
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34 This search will show up
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35 Click on Search Criteria and Statistics at the bottom of the report
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36 You have the same statistics here on a smaller scale as are available in the annual statistics function Avg List Price Avg Sales Price Avg Days on Market SP/LP ratio
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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
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38 You have an Agent Inventory Template available to determine Top 3 Listing Agents in area
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39 If there is no dominant agent, find out which Brokerages are dominant Click here to alphabetize the field
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40 Now let’s move to the resource room and prepare Statistics and a Market Study for your neighborhood!
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