VEGAS UPDATE

February 16, 2019

 

Las Vegas Market Update

 

Las Vegas Real Estate Market snap shot January 2019 vs 2018
 

 

Homes
Units sold 1823 -19%
Median Price sold $300,000 +13.2%
New Listing 3805 + 22.7%

Condominiums
Units sold 482 -12.5%
Median Price $170,000 +13.4%
New Listing 979 +23%

Las Vegas leads the nation in many economic indicators

Top 5 Home Price Appreciation States
Nevada +15%
Utah +13%
Idaho +13%
Washington +9.9%
Colorado +9.8%

Top 5 Population Growth States
Nevada +2.09
Idaho +2.05
Utah +1.87
Arizona +1.74
Florida +1.54

Top 5 Job Growth
Nevada +3.8
Arizona +3.3
Washington +3.2
Utah +3.1
Texas +3.1

Where are people moving from to Nevada ?

California 36%
Florida 6.1%
Texas 4.7%
Arizona 4.5%
Illinois 3.8%

Several new projects currently being built or planned over $10 Billion in new construction
Here are just a few.

Resorts World Las Vegas
The Drew
Jackie Robinson Arena and Hotel Project
Las Vegas Stadium (65,000 Seats)
Las Vegas Convention Center Expansion
Union Village
Henderson West
Project Neon
Vegas Extreme Park (The Edge)
Palms Casino Resort Renovation
Google Data Center
 

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NEVADA: Realty ONE Group Summerlin | 10750 W Charleston Blvd., #180, Las Vegas, NV 89135

CALIFORNIA: Jeffrey International | 1007 N Sepulveda Blvd., #2345, Manhattan Beach, CA 90267 | Lic# 01064545

NV Real Estate Lic# 0145563 and Lic# 186158 | City of LV Lic# G66-08427 I State of NV Lic# NV20181770281