Las Vegas Housing Market Trends: Nov. and Dec. 2024

Leslie Hoke’s 2024 End-of-Year Market Report provides the news you need to make sense of today's Las Vegas real estate market.

Nationwide, 2024 saw one of the slowest years for real estate in three decades. A combination of low inventory, slow builder activity, and high interest rates kept sellers locked in and buyers sitting on the sidelines.

But, not in Las Vegas...

Here, a combination of commercial development, infrastructure improvement and the allure of Las Vegas’s many advantages — nightlife, year-round sunny weather, and  Nevada’s favorable tax environment — continued to drive growth in home values and population. In the following report we'll touch on:

• End of Year Overview

Guide to Las Vegas Most Popular Subdivisions

In 2024, the following neighborhoods in Las Vegas have emerged as some of the most successful subdivisions in terms of sales. These communities are all very different, but each possesses unique selling points that cater to diverse demographics. The price ranges span from moderate to upscale, and all of them boast excellent locations in proximity to local amenities and recreational facilities.

Below, we've listed some of the most popular Las Vegas communities from January to December, 2024 along with price ranges, ratio of Sale/List Price and Average Square Footage. It can be difficult navigating the many Las Vegas neighborhoods, and hopefully this will give you a starting point. If you're

Key Insights for Buying Luxury Real Estate in Las Vegas

Buying a luxury home or condo in Las Vegas is one of the most exciting and financially impactful processes you can undertake, and there’s no better time than now to begin your search. That’s because, while the demand for luxury goods, overall has declined, the demand and value of luxury homes continues to reach new heights.

In times of economic, political and cultural uncertainty, real estate offers a haven for luxury buyer dollars. Because of this, luxury real estate has become one of the brightest spots in the housing market, offering the following:

• Wealth preservation: As a stable and tangible investment that tends to provide resilience to economic downturns, upscale real estate