The Las Vegas Population at 1.9 million

Reportedly, the population of the Las Vegas area is at 1.9 million residents. That's up 5.3% in the last year. Clark County added some 97,000 people averaging around 8,000 new residents per month.

It is anticipated that the population will continue to grow at similar rates. What does that mean for real estate in Las Vegas? Well, the city needs somewhere to put them. Whether they buy a house themselves or lease from an investor home sales will continue in strength.
A current market where buyers can find great housing opportunities presents great options for those looking for great assets.

As a side note:
  • The median price for new homes rose nearly ten percent to $334,000 dollars.
  • The median price for existing homes was up a half a percent to $287,000 dollars.