Real Estate in Las Vegas
For years, Las Vegas has been a top destination for people looking to buy homes. Landlords in Las Vegas make a substantial income from renting out properties in one of America’s most famous cities, right in the heart of the Nevada desert. The number of sales in the city has been steadily rising since the beginning of 2014. Five years ago, Las Vegas saw around 5,500 transactions per month, but that has since increased to more than 9,000 in the summer of 2018. Over the same period, median sale prices rose considerably, from around $190,000 in 2014 to more than $280,000 just four years later. The most significant changes have been at the lower end of the market. While the year-on-year growth of the highest-value properties is running at 8.1 percent, one bedroom properties at the bottom of the market have increased in price by an impressive 16.3 percent, according to data from Trulia. For both buyers and sellers, the Las Vegas real estate market is hot. Today, the market is being dr