Market Research

Having an understanding of the market is crucial when making a buy/sell decision. SDRP employs a fulltime Research Department for the purpose of conducting proprietary research and reports that provide SDRP, its brokerage clients and Co-Investment Partners a unique perspective and competitive advantage.

The combination of our Proprietary Studies below enables SDRP to estimate Supply and Demand, Present Value, Future Value and the time to Realize Future Value for housing, lots and land located anywhere within the Las Vegas Valley.

2010 Year End Land Sales Report
Five-Year Housing Supply & Demand Model
Five-Year Residual Lot & Land Value Model
Vacant Land Sales Report

2010 Year End Land Sales Report

The information contained in this study is designed to estimate Finished and Partially-Finished Lot inventory throughout the Las Vegas Valley as of December 2008. The 2008 inventory is adjusted monthly based on New Home Starts. The study analyzes and reports:

Builder-by-Builder Lot Supply
Community Pace Models
Finished & Partially Finished Lot inventory by Submarket, Master Plan & Builder.

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The Five Year Supply & Demand Model consists of over 100 data points, a portion of which are listed below and are updated monthly with current data. This is a forward-looking model based on commonly accepted assumptions that are a guide to determine future demand for housing, lots and land:

Supply Data Points (portion):
Resale (Bank Owned & Traditional), Builder Inventory, SFR Defaults, Foreclosures (Subprime, Traditional & Strategic), SFR Starts, and Alt-A Loan Influence

Demand Data Points (portion):
Employment Growth, Value & Affordability, Population Growth, Retirement Age In-Migration, and Second Home Demand

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The Five Year Residual Lot/Land Model is a companion study to the Supply & Demand Model. Simply stated, in this report we apply Supply & Demand conclusions to location-specific New Home Median pricing, minus hard/soft construction costs resulting in the estimated residual land value over the next five years.

Significant Data Points include:

Estimated Annual Median Home Price
Interest Rates
Estimated Annual Labor & Materials Cost
Median Density per Acre
Lot Construction Cost

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Detailed Finished Lot Sales Reports are based on the following assumptions: (a) Every transaction was an arms-length transaction occurring in 2008 or 2009 respectively; (b) All lots were improved or partially improved with verifiable sales information from public resources.

Available reports:

Price per Lot: The actual Purchase Price paid
Estimated Cost to Complete: The estimated cost to finish the lot from the condition at the time of sale to finished ready-to-build condition.
Adjusted Lot Cost: The sum of the actual Price per Lot and Estimated Cost to Complete
Adjusted SF Cost: We reduced each sale to a common unit for comparison. The adjusted SF Value is based on the Adjusted Lot Cost and Average Lot Size.
Total Lot Construction Cost: The estimated cost to construct a finished ready-to-build lot from raw land based on generally accepted cost assumptions.
Residual Land Value: The sum of the Adjusted Lot Cost minus the Total Lot Construction Cost

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Detailed reports on all Vacant Land Sales based on the following assumptions: (a) Every transaction was an arms-length transaction occurring in 2008 or 2009 respectively; (b) All lots were improved or partially improved with verifiable sales information from public resources.

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The information contained in this report is a summary of 203 communities that we are currently tracking that meet the following criteria:

Finished Lots: Residential Finished and/or Partially Finished Lots as part of a Subdivision
Available Inventory: Actively Marketed and Off-Market properties that are available.
Future-Available: Pre-Foreclosure (Notice of Sale Recorded), Non-Builder Owned lots, Pending Bankruptcy or Unreleased Bank Owned lots.

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A unique searchable database of vacant land categorized by current zoning, master planned zoning, location and ownership information affording SDRP unprecedented market access and ability to identify specific property types in specific submarkets in addition to maintaining inventory of raw land by type.

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Tracks 285 active Model Groups and approximately 1,140 models. This study analyzes and reports submarket Median Home Pricing, Median Home Size, Median Lot Size and Median Price per Square Foot.

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Market Research Request

Select desired research reports:
Five-Years Housing Supply & Demand Five-Years Residential Lot & Land Value Model Active Residential Community Report 2010 Year End Land Sales Report Available & Future-Available Finished Lot Summary
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Disclaimer Sunbelt Development & Realty Partners, LLC does not in any way guarantee the accuracy of the information provided in this website and all information is presented on an “as is” and “as available” basis. Users utilize the information presented here at their own risk. For more information, please see our Terms of Use. The contents of this website constitute neither an offer to sell nor a solicitation of an offer to invest in any investment entity or securities. Affiliates of Sunbelt Development & Realty Partners, LLC, only conducts private placements to qualified investors and in such instances relies on an exemption from registration with federal and state securities commissions. No state or federal agency approves or in any way endorses such private placements.