Realty One Group - Shannon Smith Group

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May Update

Hi Friends,

When the nations economy does well, the Las Vegas does economy great. The past three years have been Clark County’s best when it comes to visitation levels.

The coming Las Vegas stadium should help improve future numbers, according to a new Moody’s Investor Service report.

“Clark County expects the new NFL stadium will be a notable new draw for consumers and visitors,” Moody’s Patrick Liberatore wrote, adding that the stadium and upcoming expansion of the Las Vegas Convention Center should allow the city to host larger events and diversify visitor draws.

“In addition to professional football, the approximately 65,000-seat stadium will compete to attract other large-scale sporting events and also provide the Las Vegas area with its first major facility that can accommodate other large-scale events, like major music tours,” Liberatore wrote.

As of today there are:

Single Family Homes
4,001 Single family homes for sale

3,913 of those homes are “Regular Sellers”

60 are Short Sales,

28 are Bank Owned

4,407 Homes that have contingent or pending offers

10,277 Sold in the past 120 days.

The median home sale price for last month was $290,000 or $156 per square foot.

Condos & Townhomes
866 Condos & Town homes for sale

836 of those properties are “Regular Sellers”

19 are Short Sales,

11 are Bank Owned

1,042 Condos & Town homes have contingent or pending offers

2,547 Sold in the past 120 days.

The median Condo and Town home sale price last month was $155,000 or $138 per square foot.

If you’d like an update on how much your home is worth, I’d be happy to send you a list of comparables along with a complete market analysis.

Have a great month, and please continue to refer your family and friends to me!!