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How Is The Las Vegas Valley Performing During The Holidays?


How Is The Las Vegas Valley Performing During The Holidays?

Vegas Dice

Everything Slows Down During This Time Of Year

During the holidays, the real estate industry slows down across the country. From people vacationing to simply wanting to spend time with their families, not much happens. But it’s not just buyers who pause from real estate activity, sellers do too. In fact, it’s arguable the main reason why the market slows down during the holidays is because sellers don’t want people coming through their homes during that time. Regardless of whether it is a good market or a bad market, less inventory equals less real estate transactions – which can be interpreted as “slow”.

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Looking at single family homes across the valley, as of the week of December 5th, there were 7,121 on the market. Last week, there were 7,483. Looking back at the week of November 14th there were 7,715. And when we look back at the peak it was the week of October 17th when there were 8,159 single family residences on the market. Basically, SFR inventory is down approx. 1,000 in a little less than two months.

Moving Along

Rather than delving into the numbers all deep like I usually do, I decided to share some of the better reasons to visit Vegas in the month of December. If you’re looking to learn more about the Las Vegas real estate market, feel free to let me know.

Vegas Dice

Reasons Why December Is A Great Time To Visit Las Vegas

1. The holidays are in full swing.

From Thanksgiving through New Year’s Eve, Las Vegas is decked out in its holiday best. You’ll find festive decorations and lights throughout the city, including at world-famous hotels like Caesars Palace, Bellagio, and The Venetian. Many hotels also offer holiday-themed shows and events, so you can get into the spirit of the season no matter where you stay.

2. The weather is perfect for outdoor activities.

If you’re looking to escape the cold this winter, there’s no better place than Las Vegas. Although it may be chilly in other parts of the country, the average December temperature in Las Vegas is a comfortable 60 degrees. You’re sure to find plenty of opportunities to enjoy the outdoors.

3. You can find great deals on hotels and attractions.

With so many people traveling for the holidays, December is one of the best times to find deals on hotels and attractions in Las Vegas. Many hotels offer special rates during this time of year, so you can save big on your accommodations. And since there are so many things to do in Vegas, you can find discounts on attractions like shows, tours, and more.

4. There’s always something new to see and do.

No matter how many times you visit Las Vegas, there’s always something new to see and do. This December, check out the High Roller observation wheel at The LINQ Hotel & Casino or visit one Sin City’s many restaurants including Salt & Ivy Café and Patio Bar at Aria Resort & Casino. Additionally, while you’re here you could check out some homes for sale in Summerlin, Green Valley, and other master-planned communities around town.

5. You can celebrate New Year’s Eve in style.

There’s no better place to ring in the new year than Las Vegas. The city comes alive on New Year’s Eve with parties and events happening all over town. Watch the fireworks show at The Venetian or dance the night away at one of the many nightclubs along The Strip. No matter how you choose to celebrate, you’re sure to have an unforgettable New Year’s Eve in Las Vegas.

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