Monthly Archives: July 2017

Las Vegas Visitor Volume Down In June

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The latest compilation of statistics by the Las Vegas Convention and Visitors Authority (LVCVA) is out. While monthly visitation reached almost 3.6 million people in June, this was still a decrease of 2.3% compared to the same month in 2016. Other related stats were down slightly year over year, including occupancy, convention attendance, and traffic… Read more »

Gaming Win Rises Slightly in June, Up 2.9% For Fiscal Year

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $895,427,384 for the month of June 2017, according to the state’s Gaming Control Board. This amounts to a 0.90% increase compared to June 2016, when licensees reported a gaming win of $887,464,756. For the fiscal year (July 1, 2016 through June 30, 2017), gaming win… Read more »

Nevada Unemployment Still Steady at 4.7% in June

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According to the latest releases from the Nevada Department of Employment, Training, and Rehabilitation (DETR) and the US Bureau of Labor Statistics (BLS), Nevada’s headline unemployment rate (U-3) held steady in June, at a seasonally-adjusted 4.7 percent, for the third month in a row. Additionally, the rate is down a full percentage point from a… Read more »

Raiders Stadium Land Tops May Commercial Sales

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Our friends at Nevada Title Company have released information on the top commercial real estate sales and loans in May. While they’ve tabulated all sales $300,000 and over, we’ll keep it short with a list of transactions that came in at $3 million or more: As you can see, the Las Vegas Stadium LLC tops… Read more »

Las Vegas Holds 2 of Top 10 Selling Master-Planned Communities in US

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RCLCO is out with its mid-year update, surveying Master-Planned Communities (MPCs) throughout the country to establish the 50 top-selling community rankings. Home sales at the nation’s 50 top-selling MPCs were strong in the first half of 2017, with the top 20 showing an increase of 25% over sales by the top 20 in the first… Read more »

Vegas Home Prices Up in June as Supply Eases Slightly

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The Greater Las Vegas Association of REALTORS® (GLVAR) reported today that local home prices and sales continued to climb as homes continue to sell faster amid a very tight housing supply. GLVAR reported that the median price of existing single-family homes sold during June through its Multiple Listing Service (MLS) increased to $257,373. That was up… Read more »

Nevada Tourism Stats Trend Positive in May

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The Las Vegas Convention and Visitors Authority (LVCVA) is out with their monthly summary of tourism indicators. Most are posting small gains compared to the same month a year ago. Highlights include a 6.8% bump in the Average Daily Rate and a 9.5% gain in gaming revenue for Downtown. Revenue per Available Room was also… Read more »