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Las Vegas Housing Market

Friday, March 22, 2019   /   by Michael Picciuto

Las Vegas Housing Market

A Top Housing Market

From urban lifestyle environments in the urban core, to master-planned communities like the award-winning Summerlin and thriving suburban neighborhoods throughout the city, Las Vegas abounds with a diversity of residential opportunities in a variety of styles and price points.

High-Rise Living in Downtown Las Vegas

Today, thanks to a significant reinvestment in downtown Las Vegas, coupled with the draw of a robust urban lifestyle, high-rise living in downtown Las Vegas is alive and well. Downtown high-rises are attracting young professionals, Millennials, retirees and empty-nesters who crave a vibrant, urban lifestyle. Towers that previously experienced stagnation during the economic downturn are once again nearing full occupancy, driving demand for additional residential opportunities within the urban core.

Downtown Amenities

Those who call downtown home frequent more than 150 restaurants and bars within walking distance; one-of-a-kind museums like The Mob and Neon museums; unique attractions like Fremont Street Experience; a plethora of bustling hotel-casinos; world-class performing arts productions at The Smith Center for the Performing Arts; and best-in-class shopping at Las Vegas Premium Outlets North.

New Residential Projects

New residential projects are in early or active development in downtown Las Vegas and will soon bring more than 1,000 residences to market. These new homes include a variety of mid-rise and unique low-rise projects, including new projects by Southern Land Company and Aspen Heights – both at Symphony Park.

Las Vegas Housing Market

Our housing market frequently tops lists of the country’s hottest real estate markets and the region boasts a high quality of life. Our market offers relatively affordable housing; no personal state income tax and low unemployment; year-round moderate climate; access to world-class dining, shopping and entertainment; institutions of higher learning with celebrated schools of law, business and now, medicine; and a strong and expanding transportation infrastructure that is encouraging economic development. 

The recent arrival of professional sports via the highly celebrated National Hockey League team, the Vegas Golden Knights; the Las Vegas Lights Football Club of the United Soccer League; the WNBA Aces; and coming soon, the National Football League’s Raiders, have catapulted interest in the region to unprecedented levels. As a result, the housing market continues to grow exponentially, maintaining a position of national and regional dominance. 

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