las vegas market

With the recession firmly in our rear view mirror, the year looks bright for our wonderful town! The economic engine of Las Vegas is revving again and opportunities aboud for all of us. In the words of Warren Buffet, “Someone’s sitting in the shade today because someone planted a tree a long time ago.” Here is some housing and economic information.

Housing Data

  • $226,000 – Median price of single family resale homes in 2017
  • 13.1% – Percentage of increase in median sales price in last year
  • 3,718 – Number of active listings currently on the market
  • 2,128 – Number of single family home sales last month
  • 46,600 – Total number of single family resale homes sold in 2017
  • 44 – Average days on the market to sell a home

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
  • Fountainbleau Resort construction reborn with $3 billion commitment from Marriott International

It’s astounding what’s going on with our town and we are proud to be a part of this great city!