• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

VegasPublicity.com

Las Vegas News, Photos and Information

  • Home
  • Hotels & Casinos
  • Entertainment
  • Dining
  • Sports
  • Local & National




Do Stabilizing Property Prices Spell Relief for Buyers?

November 1, 2021 By VegasPublicity

Facebook
Facebook
fb-share-icon
Twitter
Visit Us
Follow Me
Tweet
RSS
Pinterest
Pinterest
Pinterest
Instagram
LinkedIn
Share
Do Stabilizing Property Prices Spell Relief for Buyers?
Photo by Braxton Apana on Unsplash

Like much of the USA, Las Vegas’ property market has been caught in a huge inflation bubble.

The good news is that average prices are now set to stabilize, according to KTNV, at a record high of $406,500. This is higher than the national average but it is, at least, a stable figure. With stability now found in the market, it’s time for buyers, renters and sellers alike to look at market conditions in the City of Lights and make their next move.

Better for renters

Las Vegas saw a bit of a war in 2020/21 when it came to renting. The city ranked top of the table when it came to non-payment of rent and total arrears, according to Bloomberg, and conversations have been ongoing between renters, advocate groups and local authorities on how to resolve the issue. With the Las Vegas Sun now reporting lowered rents across the city in response, it’s a good time for renters. This is important given the inflation in consumer goods prices. Having access to proper appliance repair has become important to increase the longevity of household goods, so finding ways to save money elsewhere is effective.

More opportunities



This is good news as the rate of home sales is increasing, too. That means more families in homes, but also more buy-to-let properties and similar schemes. The net impact is a broader set of housing stock within Las Vegas for both homebuyers and renters – the inflated prices at which sellers can now sell off their properties makes them more likely to move out and into luxury accommodation.



Luxury boom





The impact of increased home sale figures has been obvious. The Review Journal highlights the inexorable rise of LV-based luxury home realtors, highlighting how the number of properties on the market has surged spectacularly to reach sales of $8.2 billion in the past year. Luxury homes are being sold and snapped up at extraordinary rates, an interesting byproduct of the volatile market – in turn, that’s creating bigger spaces in the everyday business of real estate.

Related  Winning Dream Home Cardboard Box Creations and their Youth Creators Recognized by Move 4 Less (w/ Video)

Prices aren’t cheap, but they are worth it – as every Las Vegas native knows so well. As flush buyers leave the main market to pursue luxury accommodation, things are calming down elsewhere. Buyers and renters have something to look forward to.

Related Posts:

  • Brooklyn Bowl Las Vegas Updated Entertainment Schedule
    Brooklyn Bowl Las Vegas Updated Entertainment Schedule
  • Brooklyn Bowl Las Vegas Updated Entertainment Schedule
    Brooklyn Bowl Las Vegas Updated Entertainment Schedule
  • 4 Signs That It’s Time to Propose to Your Woman
    4 Signs That It’s Time to Propose to Your Woman

Filed Under: Local & National Tagged With: Business, Consumer, Credit, Home appliance, House, Household, Housing, Inflation, Interest rate, Las Vegas, Maintenance (technical), Market, Market (economics), Money, Price, Property, Real estate, Renting



Primary Sidebar

Search

Circa Las Vegas

Larry Flynt’s Hustler Club

JDRF One Walk



Las Vegas Shows





Delirious Comedy Club



Advertising and Guest Posts

We accept Guest Posts and Advertising on VegasPublicity.com. Click here for details.

Today’s Most Popular Articles

  • King Tut Exhibition to Open at Luxor Hotel & CasinoKing Tut Exhibition to Open at Luxor Hotel & Casino
  • Toys for Tots 2021 Christmas Holiday Campaign Kick-OffToys for Tots 2021 Christmas Holiday Campaign Kick-Off
  • Las Vegas' First 24/7 Bacon-Inspired Restaurant to Open at the D Las VegasLas Vegas’ First 24/7 Bacon-Inspired Restaurant to Open at the D Las Vegas
  • Great Buns Bakery to Celebrate 40 Years of Sweet Delights and Delicious Bread with Mayor Goodman, August 16Great Buns Bakery to Celebrate 40 Years of Sweet Delights and Delicious Bread with Mayor…
  • Station Casinos Presents $120,000 Donation to the Public Education Foundation (w/ Video)Station Casinos Presents $120,000 Donation to the Public Education Foundation (w/ Video)
  • New Erotic Latin Nightclub “El Infierno Cabaret” Slated to Open May 5 for Cinco de MayoNew Erotic Latin Nightclub “El Infierno Cabaret” Slated to Open May 5 for Cinco de Mayo
  • Real Housewives of Beverly Hills Star Brandi Glanville Set to Host “Life of a Housewife” Single Release Party with Male Strippers Aug. 26Real Housewives of Beverly Hills Star Brandi Glanville Set to Host “Life of a Housewife”…
  • "90 Day Fiance" Star Stephanie Matto Hosts Bachelorette Party at Las Vegas Strip Club Ahead of Shotgun Wedding“90 Day Fiance” Star Stephanie Matto Hosts Bachelorette Party at Las Vegas Strip…
  • Top 4 Attractions in Las VegasTop 4 Attractions in Las Vegas
  • Circus Circus to Reopen Its Splash Zone and Pool Ahead of Spring BreakCircus Circus to Reopen Its Splash Zone and Pool Ahead of Spring Break

Delirious Comedy Club



JDRF One Walk



Larry Flynt’s Hustler Club

Circa Las Vegas

10 Most Recent Posts

  • Vegas Producers Don Barnhart And Linda Vu Expand with Aloha Ha Comedy Club In HawaiiVegas Producers Don Barnhart And Linda Vu Expand with Aloha Ha Comedy Club In Hawaii
  • Station Casinos Presents $120,000 Donation to the Public Education FoundationStation Casinos Presents $120,000 Donation to the Public Education Foundation (w/ Video)
  • Real Housewives of Beverly Hills Star Brandi Glanville Set to Host “Life of a Housewife” Singe Release Party with Male Strippers Aug. 26Real Housewives of Beverly Hills Star Brandi Glanville Set to Host “Life of a Housewife” S…
  • Football Fans to Score with Discounted Drafts at Hearthstone Kitchen & CellarFootball Fans to Score with Discounted Drafts at Hearthstone Kitchen & Cellar
  • Smash Magazine Presents Dragged Under at American Legion HallSmash Magazine Presents Dragged Under at American Legion Hall
  • Tailgate Social to Offer Fan-Worthy Deals Throughout Football SeasonTailgate Social to Offer Fan-Worthy Deals Throughout Football Season
  • Media Workout: Teofimo Lopez Set for Takeover 2.0 Against Pedro CampaMedia Workout: Teofimo Lopez Set for Takeover 2.0 Against Pedro Campa
  • King Combs Brings the Summertime Energy to DAYLIGHT Beach Club in Las VegasKing Combs Brings the Summertime Energy to DAYLIGHT Beach Club in Las Vegas
  • Treasure Island Renews Super Fan Shuttle Service for Las Vegas Pro Football Home GamesTreasure Island Renews Super Fan Shuttle Service for Las Vegas Pro Football Home Games
  • Brooklyn Bowl Las Vegas Updated Entertainment ScheduleBrooklyn Bowl Las Vegas Updated Entertainment Schedule

Please follow & like us!

Facebook
Facebook
fb-share-icon
Twitter
Visit Us
Follow Me
Tweet
RSS
Pinterest
Pinterest
Pinterest
Instagram
LinkedIn
Share

Delirious Comedy Club

Categories

  • Dining
  • Entertainment
  • Hotels & Casinos
  • Local & National
  • Sports

VegasPublicity.com Archives

Footer

VegasPublicity.com is your source for news about Las Vegas, the most Exciting City on The Planet! Check us daily for news about Hotels, Casinos, Shows, Events, Bars, Dining, Sports, Local & National events and sightings of your favorite celebrities.

VegasPublicity.com is published by PR/Marketing veteran Bryan Eggers.

The contents of this site is Copyright 2022 VegasPublicity.com and/ or the individual photo/article authors.

Please send your press releases, celebrity sightings and photos to VegasPublicity.com@gmail.com

Privacy Policy
Please read our Privacy Policy here

FTC Disclaimer
This website may include affiliate links and we may be compensated if you make a purchase after clicking one of these links.

Search

Copyright Bryan Eggers © 2022 · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT