With 5,000 people moving here each month, somebody had to spill the beans!

December 10, 2008

According to the Greater Las Vegas Association of Realtor (GLVAR), 2,185 homes were sold in November, which represents a 125% increase from November 2007.  That’s the (very) good news.

Here’s the bad (but not unexpected) news: if you’re a Las Vegas homeowner, the median price of a house dropped 32% from November of 2007, to $186,000.

On the plus side, I would suggest that a median price of $186k makes for a pretty reasonable price to live in an area as large as the Las Vegas Valley.  What’s really good news is that houses are moving quicker off the market.  In November, 47.4% of homes sold within 30 days.


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December 2, 2008

Boy, when it rains, it pours (salt on a wound). 

As a large employer in the Las Vegas Valley, the latest news from Station Casinos will likely affect many folks–the company says they will suspend matching contributions to employees’ 401k retirement plans.  This, according to the company, is because of the economic downturn.

According to the Las Vegas Review-Journal, no other local casinos are currently following suite (although others are considering).

Rest assure, I’m doing my part to support Station Casinos.  For example, I didn’t ask for any money back from the Aliante Station movie theatre after watching about 1/2 of Twilight this past weekend.  I want these guys to thrive!  Twitter/Twilight Comment 1, Twitter/Twilight Comment 2.

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