las vegas market

Las Vegas continues to experience incredible growth! Unemployment rates are at historic lows and the job growth rate is remarkable.

Housing Data

  • $290,000 – Median price of single family resale homes in June ‘18
  • 12.7% – Percentage of increase in median sales price in last year
  • 4,335 – Number of active listings currently on the market
  • 3,265 – Number of single family home sales last month

Economic Information

  • 71,254 people moved to Nevada in 2017
  • 42.2 million tourists visited Las Vegas in 2017
  • McCarran set a record with 48.5 million passengers
  • Nevada leads the nation in job creation
  • Clark County is number three in the nation in population gain
  • The $1.7 billion expansion of the Convention Center is underway
  • The new $2 billion Raiders Stadium is under construction
  • New megaresort ‘Resorts World’ being built on the north Strip, a $4 billion project – to be an “Asian Themed” hotel
  • Fountainbleau Resort construction reborn with $3 billion commitment from Marriott International – a 4,000 room hotel to be named “The Drew”
  • Wynn Corp. is under construction of “Paradise Park” – a tropical-theme lagoon park – includes a new 47-story 1,500 room hotel
  • Madison Square Garden Corp. to build the “MSG Sphere” – an 18,000 seat state-of-the-art entertainment venue – situated behind the Venetian/Palazzo
  • $13.4 billion of hotel construction investment between 2018-2023

It’s astounding what’s going on with our town and Premier Mortgage Lending is proud to be a part of this great city!