Las Vegas and Henderson Homes and Real Estate

The Las Vegas Convention and Visitors Authority reported a rise in visitors to Las Vegas for the eighth straight month, an exciting trend that continues in the local economy.  According to the LVCVA, almost 12 million peoplde have visited Las Vegas so far in 2010, a 1.3 percent increase over the total visitors last year at this time. 

In other good news, convention attendence is up for the second straight month, 2.9 percent increase over last year.  Additionally, the average room rate was up 3 percent over last year in April to $96.87.  The overall hotel occupancy rate in April in Las Vegas was 84%, even though the city now has 8,300 more hotel rooms than in April 2009 (due in large part to CityCenter).

All of the statistics bode well for a city that has been hit hard by the recession and lack of consumer spending which has further added stress to our housing market.  If this data holds steady through the summer it will be a huge lift to our job market and will have long term positive factors on the real estate market that by the numbers has seemed to have bottomed over the past 12 months (give or take 5% in pricing).

Source:  Las Vegas Review Journal
Howard Stutz, June 9, 2010

If you are interested in Las Vegas, Henderson, Green Valley, North Las Vegas, Summerlin, Seven Hills, Lake Las Vegas, or Southern Highlands real estate, contact:

Michelle Natale
The Natale Team
Prudential Americana Group

www.natalesellsvegas.com

Michelle Natale leads a top 25 ranked team of agents for Las Vegas based Prudential Americana Group, the largest real estate brokerage in the state of Nevada. Michelle started her career in real estate over 10 years ago, and is ranked in the top 1% nationally in Prudential's national network since 2000.