Our Las Vegas REALTOR Market Analysis is based on these trends that we have identified:
- $1.2B refinancing for Trump International Las Vegas – a non gaming, non smoking condo/hotel rooms underscores confidence in the market. Trump has a beautiful location across from Fashion Show Mall in Las Vegas. Donald Trump just quoted today: “you couldn’t get this type of financing a year ago…..” There is confidence in Las Vegas.
- Yes, our unemployment is 12-13% based on our Las Vegas Market Analysis. A reasonable amount of the 13% is due to the construction industry. Many of these workers have relocated from Las Vegas. As our construction market gradually returns with the building of new hospitals, new manufacturing, and new homes many of these jobs will come back.
- Over 87% of our local population are employed here Las Vegas. People have good job security as many work for our hospitality, hotel-casino industry, and supporting industries. The tourist numbers continue to increase along with the business convention numbers. This trend signifies renewed confidence in our economy.
- We have levels of affordability in our market not seen in over 10 years. Las Vegas is a world class city with lots of things to do in lots of sunshine. Las Vegas caters to virtually every taste under the sun (no pun intended).
- Our Las Vegas Realtor Market Analysis indicates over 4,500 people relocate here each month. Many are first time home buyers; many are moving up; many are retiring to our sunny climate; and many are buying second homes. These newcomers generate commerce for our retailers. An average of 3000 home sales a month means there are 3000 families shopping for new ‘things’ for their new home. This stimulates manufacturing, retailing, and professional service industries as well.
- Last year’s Las Vegas Real Estate Sales experienced the second highest year in terms of sales volume – this is a huge positive sign for our market.
- January and February home sales for THIS year have exceeded sales from a year ago – the market continues to increase.
- The calendar for the Home Tax Credit is counting down. We continue to reiterate our affordable home prices and low interest rates. Why? We don’t want you to wait until you miss out on the Tax Credit or the low interest rates. If you must wait, our home prices will not increase more than 1% or 2% this year. So when you are ready, you will still get an affordable Las Vegas home.
So, that’s our Las Vegas Realtor Market Analysis – call 877.360.2030 or visit our site if we can provide any assistance to you!
