February 2024 - Shannon Smith Group

Hi,

Once again Las Vegas is in the spotlight and this weekend’s Super Bowl was the most-watched US show of all time. (That’s a big deal!!!)

I was lucky enough to attend the game and a few events over the weekend, and let’s just say it was an amazing time for the city. Not just at the big game, but from the malls to the tables, there was no shortage of money being spent and pumping into our local economy.

With the exciting mix of sports and real estate, Las Vegas is a fascinating place with no slowdown in sight. The recent Super Bowl and other big sports events have caught the attention of folks worldwide, making them curious about what’s happening in our real estate scene.

The energetic vibes from the games are not just in the stadiums; they’re shaping how our city looks and making people think about making Vegas their home or a smart investment. People love sports and want a cool place to live or invest, Las Vegas is the place to be!

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Las Vegas Market Snap Shot

TOTAL PROPERTIES AVAILABLE

Single family: 3,373
Condo/ Town homes: 1,125
High Rise Units: 344
Multi-Family, 2-4 Units: 47
Manufactured Homes: 88

TOTAL PROPERTIES IN ESCROW

Single family: 2,319
Condo/ Town homes: 681
High Rise Units: 65
Multi-Family: 2-4 Units: 25
Manufactured Homes: 39

PROPERTIES SOLD IN JANUARY

Single family: 1,412
Condo/ Town homes: 452
High Rise Units: 64
Multi-Family, 2-4 Units: 17
Manufactured Homes: 22

MEDIAN SALES PRICE FOR JANUARY

Single family: $449,653
Condo/ Town homes: $278,750
High Rise Units: $459,950
Multi-Family, 2-4 Units: $570,000
Manufactured Homes: $235,500

MEDIAN SOLD DOLLAR PER SQFT FOR JANUARY

Single family: $248 per sqft
Condo/ Town homes: $236 per sqft
High Rise Units: $445 per sqft
Multi-Family, 2-4 Units: $184 per sqft
Manufactured Homes: $157 per sqft

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