Posts Tagged: las vegas

After 3 Months Steady, Las Vegas Home Prices Rise in June

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The median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during June was $304,000, according to a report released by the Greater Las Vegas Association of REALTORS® (GLVAR).  That’s up 4.8% from $290,000 in June of 2018. Meanwhile, the median price of local condos and townhomes sold in June… Read more »

June REITview

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Welcome to our monthly REITView newsletter – where we analyze the latest national trends in real estate investment trusts (REITs) and their implications for investors and the Nevada real estate market. REITs own and often operate a pool of income-producing real estate assets. Investors can purchase a liquid stake in these portfolios – think of… Read more »

May REITview

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Welcome to our monthly REITView newsletter – where we analyze the latest national trends in real estate investment trusts (REITs) and their implications for investors and the Nevada real estate market. REITs own and often operate a pool of income-producing real estate assets. Investors can purchase a liquid stake in these portfolios – think of… Read more »

McCarran International Airport On Track For Another Record Year

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McCarran International Airport released their November 2018 numbers this week, and it looks like this year will break last year’s passenger record. There were over 48.5 million passengers that traveled through Southern Nevada’s commercial airport in 2017, but 2018’s year-to-date numbers are already 2.6% higher through November. This November was also stronger than last year’s,… Read more »

Las Vegas Housing Market Stable in November

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A new report by the Greater Las Vegas Association of REALTORS® GLVAR reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during November was $295,000. That’s just short of October’s median price of $295,025, but still up 13.0 percent from $261,150 in November of 2017. The median… Read more »

Most Tourism Indicators Tick Up in October

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The October Statistics from the Las Vegas Convention and Visitors Authority (LVCVA) have arrived, and many tourism indicators are positive after months of mixed results. As noted in our post on gaming numbers, it’s important to remember that some of this is attributable to correction from last year’s tragic October 1 shooting. The recovery in… Read more »

McCarran Airport Traffic Hits New Record in October

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The latest statistics are out from McCarran International Airport, and passenger counts hit a new high of 4,436,756. For those counting, that’s the 4th new record in the last 12 months. Air traffic is up 2.2% over the year and 2.4% for the year to date. International passenger counts continue to see stronger gains than… Read more »

Nevada Gaming Win Recovers in October

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Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,062,795,796 for the month of October 2018, according to the state’s Gaming Control Board. This amounts to a 7.47% increase compared to October 2017, when licensees reported a gaming win of $988,966,026. For the fiscal year (July 1, 2018 through October 31, 2018), gaming win… Read more »

Home Sales Slowed, Supply Expanded in October

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The Greater Las Vegas Association of REALTORS® (GLVAR) reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during October was $295,025. That was down 1.7 percent from September – when the median home price hit $300,000 for the first time in more than 11 years. October’s… Read more »

Spirit Soars to Second-Largest McCarran Carrier

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Despite a small dip of 0.4 percent from a year ago (there is a typo in the chart below), passenger volume at McCarran remains above 4 million for the seventh consecutive month in September. With 3 quarters in the books, passenger counts for the year to date have risen by 2.4 percent. Septembers decline was… Read more »