We announced earlier this week that Las Vegas Real Estate generated year over year gains as of March of this year, which was the first time since 2007. What does this mean in the grand scheme of things? We think it’s a positive trend and underscores that our market has clearly bottomed out and is rebounding, if ever so slightly.
Yes, we are more optimistic about the Las Vegas Real Estate today than at any time for the past 18 months. Visitor traffic to Las Vegas is up this quarter; nothing major but a slight increase and our overall economy, while still facing an uphill battle like many major cities, is starting to see some economic sunshine.
Las Vegas has a world wide brand that is second to none – over 35 million people visit Las Vegas each year to attend one of many conferences, seminars, etc. This week’s Miss USA Pageant which is being broadcast on national TV Sunday night is a good example of the strong national and international draw and media exposure that Las Vegas generates on an ongoing basis.
What does a beauty pageant have to do with Las Vegas Real Estate? More than you would think – this type of event exposes the unique aspects that the city of Las Vegas has to tens of millions of people around the globe, which brings visitors and the need to service them with jobs. This high visibility is part of the unique attributes that Las Vegas has, which in turn also drives 4-5K people per month to move to Las Vegas.
We hope if you are weighing a move to Las Vegas or purchasing a Las Vegas Home for investment you will think of RE/MAX Central!
