Vegas Prices Continue to Soar

[Phillip Dwyer]

I just read an article that shows Vegas is poised to meet the previous pricing peak very soon.  Here's the link: GLVAR reports

[Terry Lao]

Las Vegas dethrones Seattle as #1 most appreciation list. Seattle was tops for the past 2 years for home appreciation........until now.

https://www.seattletimes.com/business/real-estate/...

Las Vegas, Seattle and San Francisco continued to report the highest year-over-year gains among the 20 cities. In June, Las Vegas was up by 13.0 percent, with Seattle following closely at 12.8 percent. Prices were higher in San Francisco by 10.7 percent. Six of the 20 cities reported greater price increases in the year ending June 2018 versus the year ending May 2018.

http://www.mortgagenewsdaily.com/08282018_case_shi...

Let's hear from those in Las Vegas!!!!! or those who invested in Las Vegas years ago.

Terry

[Phillip Dwyer]

@Terry Lao  I just had a client send me that Seattle article.  I think as long as job and population growth continue, Vegas should remain near the top of the price gain list for a while.  Time will tell.

[Bill B.]

The airport broke the 10 year old (August 2007) “monthly visitor” record 4 times in the last 12 months according to the paper today. 4.42 million/month. July/October 2017 and may/July 2018. New terminal is probably helping with that as it still rarely seems as busy as some other airports I’ve visited, at least in terms of security lines begin super short.