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Las Vegas Real Estate Market Overview

Average Monthly Rent:

$1,037

Percentage Change in Home Price/Value:

6.00%

Median Home Value:

$274,100

Best Time To Sell Home:

November

Affordability Index:

120

Days To Sell House:

56.333

Job Market:

Fair

Public School Ranking:

Location and Weather

Las Vegas famously known for its casinos and shows is in southeastern Nevada. It’s desert country with dry flat land and is not far from the famous Hoover Dam and Grand Canyon. Because it is in the desert, the average daily high temperature is over 95 degrees with evening lows in the 80’s during June through September. November to February is the cool season with high temperatures in the mid 60’s and lows in the high 30’s.

Population, Job Market and Cost of Living

With a 2018 population of 644,644 and annual growth rate of 1.42%, Las Vegas has a steady growth as the city continues to reinvent itself and expand its tourism industry. The job market has increased by 3.5% over last year. The ten-year predicted job growth is 39%.

Contributing to the growth in Las Vegas is the Accommodations & Food Services, Retail Trade and Health Care & Social Assistance. The largest employers are MGM Resorts International, Las Vegas Sands Resort, Caesars Entertainment Casinos & Resort, Boyd Gaming and Wynn Resorts. The cost of living is high due to the cost of Las Vegas real estate.

With many jobs and a thriving tourism industry combined with a warm climate and year-round outdoor activities, Las Vegas will continue to attract those who want the excitement and job security of a casino city.

Hottest Neighborhoods:

Sun City Summerlin, Kyle Canyon, Tule Springs, Summerlin North, The Lakes, Pioneer Lake, Centennial Hills, Angel Park Lindell, Lone Mountain, Downtown

Top iBuyers Companies in Las Vegas

Zillow Offers

Zillow has a new home buying service program. This type of program is called iBuying. They will purchase your home sight unseen if it fits their criteria.

Opendoor

Opendoor is the pioneer in the space of iBuying. They are considered the first iBuyer to take the concept of purchasing a home using a data based algorithm to estimate value.

Offerpad

Offerpad started in 2015 from of the roots of a real estate professional that realized the process to sell a home had many areas of stress and uncertainty.

Local iBuyer Companies in Las Vegas

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