October 10, 2024 • 28 mins
Wondering how Las Vegas is managing record heat while still thriving as a real estate hotspot? Join us as Tiana Carroll and guest Mia Wolfe explore the intersection of weather, nostalgia, and market dynamics in our latest episode of Vegas Realty Check. Discover how the recent heat wave isn't just extending pool seasons but also transforming the landscape of our daily lives. We also take a moment to bid a heartfelt farewell to the iconic Tropicana hotel, sharing personal memories and the spectacle of its implosion, all while standing in solidarity with hurricane-stricken Floridians from our stable desert oasis.
Curious about how Las Vegas' dry climate offers unexpected perks for hair and skin care? Our conversation also touches on intriguing lifestyle changes post-pandemic, from altered store hours to the convenience of delivery services like Postmates and Uber Eats. We share some amusing anecdotes about kids creatively using these services and even entertain the idea of summoning food trucks to our doorsteps. Then, we shift gears to analyze the current real estate trends, from rising inventory and pricing shifts to the renewed buyer interest sparked by recent drops in interest rates.
Is Las Vegas really the thriving opportunity city for transplants from pricier locales like New York and San Francisco? Absolutely. Dive into the vibrant dynamics of our real estate market, where starter homes and townhomes are turning over quickly, and the luxury market continues to flourish. We discuss Las Vegas' allure for investors and outdoor enthusiasts alike, and we invite you to engage with us on social media to uncover the mystery of the "second spring" phenomenon in our city. Whether you're planning a move or considering an investment, we promise insights and local wisdom to help you navigate the ever-evolving Las Vegas real estate landscape.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:16):
Hey, vegas, welcome to Vegas Realty Check.
I'm your host, Tiana Carroll,and today I have a good friend
with me, ms Mia Wolfe.
Hi, so we are here and we aretalking everything Vegas real
estate.
Matter of fact, if you'retuning in right now, then you've
gotten lucky enough to meet usfor our monthly market update.
We're going to talk everythingabout the September numbers and
(00:38):
real estate that happened herein Las Vegas.
So, if you haven't yet, makesure you like, share and
subscribe to join our tribe sothat way you don't miss out on
any of the information, becauseif you were looking to buy, sell
or invest in Vegas, thesenumbers are going to be a
forecaster of what you canexpect during your deal.
So make sure you join the tribeand we appreciate that.
Before we get started, mia, youhave been on the show a couple
(01:00):
times.
I so appreciate you coming outand being with us.
Yet again, anything new andinteresting going on in your
life.
Speaker 2 (01:06):
I don't know so much, so much, and this is the first
time I've ever been on with justyou.
Yes, yeah Well usually like.
Speaker 1 (01:13):
I know that there's been a couple of times where
I've had other obligations andthen you've come in and I've
done it with just Trish before,and this is the first time with
just you Say yay, well, gladyou're here, thank you, thank
you.
Speaker 2 (01:29):
No, just ready for this.
Uh, for fall, to hit for fall.
I know it's officially fall,but I'm ready for boot weather
and it is not boot weatherwaiting.
Speaker 1 (01:33):
It is a hundred degrees out there.
Still we got boots on there.
Speaker 2 (01:37):
You do have little ankle boots waiting in the boot
season right, slowly right.
Speaker 1 (01:45):
As it gets colder.
The boots come up over theankle, then the calf.
By the midwinter they should bethigh high.
That's right, perfect.
Well, I think you lookfantastic in thigh highs and
ankle boots.
Speaker 2 (01:58):
Thank you.
Speaker 1 (01:59):
But yeah, no, we've been having this weird heat wave
going on it is hot, it's beenhot, it's hot Every day over 100
.
Yeah, so many HOAs have donelike that usually close for fall
on their pools and stuff.
They've extended it throughthis heat wave, which is really
nice yeah, which is nice.
So there's still kids cominghome from school and playing in
(02:20):
the pool, which I grew up inVegas.
So that always felt like youknow something.
It feels like it's a must haveanymore is the pool in Vegas.
Yeah, that was my favorite,even when school started, that
we'd come home from school andget to go swimming still.
So that was always nice.
Speaker 2 (02:37):
Well, and too, it's usually so hot that you have to
swim at night.
So it's night swimming really,cause it is really too hot to
swim in the day.
So we just swim at nighttime,right, right.
Speaker 1 (02:46):
Because it gets kind of soupy like the water in
extreme temperature, especiallyif you have a heated pool.
It feels soupy, it doesn't feelcool and refreshing.
Yeah, yeah, and so, um, I dowant to say that we said goodbye
to the Tropicana hotel.
I've seen it was imploded thisweek, I know everybody.
Everybody's sad yeah.
Speaker 2 (03:04):
I feel like everybody's sad, excited about
what's to come, but kind ofmissed out.
Speaker 1 (03:08):
Yeah Well, this isn't the first time I've seen an
implosion, because I've beenhere since 88.
I was brand new born.
That's when I was born 88.
Speaker 2 (03:17):
Yeah, yeah, that's it .
Speaker 1 (03:27):
Anyway.
So I've been here a minute andI've seen lots of hotels be
imploded.
But the Tropicana was sort ofnear and dear to my heart
because when I was a kid we usedto go swimming there a lot,
when my dad would be in thesports book or whatever.
That's funny.
That is funny.
You couldn't get away with thatnowadays.
And then the first show I didon my own was at the Tropicana.
Oh really.
Speaker 2 (03:44):
Yeah, that's cool.
Yep, yep, yep.
Speaker 1 (03:46):
So that was, and the first show I auditioned for was
Follies Brasier uh at theTropicana.
I didn't actually go into thatshow, I did a uh, bird and magic
show up in one of the towers.
Speaker 2 (03:57):
I got to see video or pictures.
Speaker 1 (03:59):
Yeah, yeah, yeah, I might, I might have a picture
I'll show you after and and to.
Speaker 2 (04:04):
I was surprised so many people went to see it in
person.
I think it was like 2 in themorning.
Speaker 1 (04:08):
Well, because yeah, or 3.
Speaker 2 (04:10):
That's a thing that you do when you're and there
were kids out there and I go thenext hotel that we implode.
I'm going to be there on thefront row.
Speaker 1 (04:20):
Well, you're in luck, because that's what we do here
in this town.
We implode and I mean it's abig deal.
There's fireworks and dronesand a staging area.
Speaker 2 (04:29):
It was a big deal yeah.
Speaker 1 (04:31):
And it's pretty cool, like I've been taking pictures
and video of the entire processwhere they're dismantling the
hotel, so it's basically theframe and then you know when
they come down they collapseeasily.
I'm sure it was probablycovered nationwide, right?
Yeah, it may have been umovershadowed by the hurricane,
(04:51):
yeah, which our hearts go out toeverybody in florida, but if
you're floridian, you'reprobably like oh, it's fine, the
waffle house is open I know,and you know I was thinking too
well, they are leaving.
Speaker 2 (05:01):
I have family in florida and all through
tennessee and I mean it wastaking them, like you know, 20
hours to get a six hour distance.
But I was thinking, what do youdo?
We have no weather here.
I mean it's hot and dry, that'sit.
So we have been.
I mean I'm from Tennesseetornadoes and things like that.
But like you, don't think abouthaving to just take whatever
(05:21):
you have, leave the finances forthat and the places to go, I go
.
I would go to Las Vegas.
I would get a hotel room in Las.
Speaker 1 (05:31):
Vegas.
Right If it were easy to get toLas Vegas, but, like you said,
20 hours.
So back in, I think it was2012,.
Hurricane Sandy was coming upthe coast of Florida and I was
actually on the Gulf side.
I was in Bradenton, which isnow being hit with this
hurricane, but at the time Sandywas coming towards Florida and
I was on the Gulf side and theywere having winds of 90 miles an
(05:53):
hour and I was on the top floorof a six-story building and the
palm trees in the wind werecaving over and the tops of the
trees were hitting the ground.
They just wave.
Speaker 2 (06:05):
Right, they just wave in it, in it.
Speaker 1 (06:06):
and I kept thinking like I'm in a hotel room, like
what do I do?
I can't drive, I can't get outof here.
So I have lots of family inflorida and they were.
I was calling them and theywere on the east side of florida
, in coral gables, and that'swhere everything was projected
to hit.
Now we now know that sandy, youknow, kind of curved off and
(06:27):
then came back up the Atlanticinto New York, new Jersey, and
that was devastating.
But when it was still tropicalstorm, beginning of hurricane
and it was on the Florida side,they were.
They were laughing at mebecause I was like I'm on the
other side, you know, drive overhere, we can be in the hotel
and you'll be safe.
And they're like yeah, we'refully stopped.
Speaker 2 (06:47):
You're a desert person.
I'm a desert person we don'thave elements like that they get
used to, I mean tornadoprepping and all that stuff.
But man, when it hits, it hitsand it's scary, and it's scary.
Speaker 1 (06:59):
I saw people like uh, like shrink, wrapping their
cars so that way the watercouldn't get in.
They were wrapping them inplastics and foils.
Speaker 2 (07:09):
I saw a guy on tiktok laying in a canoe in his living
room.
The guy that just built thehouse right yes, I was going
live and it was like four feetof water and he was so chill
though he was like in his kayak.
Speaker 1 (07:22):
He was the most calm person.
I was like we're gonna have tochange these lights, switch out.
Speaker 2 (07:26):
I was trying to stress him out through the
camera.
I'm like you need to be likeworried Please.
Speaker 1 (07:33):
Paddle out of there.
So last year we did a report onthe show that had come out
saying that as far as naturaldisasters and elements and stuff
, that Vegas was one of thesafest places to live.
And you know I'm like laughingbecause everybody's like, oh,
(07:53):
how did you survive those 10days over 110 degrees and
whatever during summer?
And I'm like the whole worldwent on Like I was going to the
gym and eating dinner andthere's no property damage
there's I mean there's the lossof some trees.
I said it a couple of times thisyear that driving through the
Valley and seeing these treesall burnt up is heartbreaking.
But have you noticed this?
(08:14):
And if anybody else out therehas noticed this, write it, type
it, go to a realtycheckvegasand send it in.
And let me know that I'm notthe only one, but some of those
plants that were like burned offand died.
They're having a second springright now.
Speaker 2 (08:30):
Have you noticed that flowers are in bloom?
I thought that was so weird,because I have a bunch of plants
that they've already bloomedthis year and then I was ready
to trim them, because it's likefall or autumn or whatever, and
they're like in full bloom,bloom in full bloom.
There are so many types.
Speaker 1 (08:48):
There's so many plants out there that look like
they were dying off.
They were brown and crispy andthey're starting to get new
growth, as if they were springand then re-flowering for a
second time.
It's like it tricked nature.
It must have, like you know,died quote unquote in the heat
and kind of gone into a dormant.
And then now it's like what'sup, baby?
I'm back, and then there's,it's blooming.
Speaker 2 (09:10):
That would be me if I was a tree.
Speaker 1 (09:13):
That would be me too Like, and that's how I felt like
after the heat wave, and it waslike 103, I'm like oh, this is
spring weather.
Speaker 2 (09:21):
We had one, yeah, we had one week of perfection and
then it was like, but even 100years, not bad.
I mean, it's different whenit's dry right.
Speaker 1 (09:31):
You go to like 80 in 85% humidity and it's wet and
it's sticky and it's hot andit's hard to breathe.
Speaker 2 (09:38):
We don't have any of that hair.
It's great for makeup and hairand all of that.
Speaker 1 (09:43):
I feel like we don't have frizzy hair, we don't have
humidity, so my hair is curlywhen I go to the South.
Speaker 2 (09:49):
Immediately I get off the plane and my hair just
frizzes up.
Yeah Well, it gets curly.
Speaker 1 (09:55):
Yeah, my hair, my hair is half straight.
Yeah, no, no, no, my hair istrash.
Speaker 2 (10:04):
It's like it's so good for your skin though, cause
I'm like I look youngerimmediately, cause my skin just
plumps up because of themoisture.
Yeah, we were like so dry.
Speaker 1 (10:12):
Yeah, but the thing is as far as living, this is a
good place to live.
I don't care what anybody says.
It's one of the best placesever.
I love it too.
I love I mean it's a littledifferent now after the pandemic
.
Everything's not 24 seven theway it used to be.
I used to love that I couldjust run into a Walmart or a
grocery store or whatever, likeat three in the morning and it
(10:33):
was fine.
The grocery stores do close alittle bit yeah, I even went to
like Walgreens that closed atlike 11.
Speaker 2 (10:38):
I was like that's weird.
My daughter went to school inAlabama and she's really spoiled
from growing up here because Imean there's so much shops and
everything they you know westill pretty much stay open
until yeah, I mean pretty muchwell, better than the rest of
the country, not as good as weused to be, but I do love it
here in Vegas.
Speaker 1 (10:56):
So if you're looking to uh, relocate to Vegas, yes.
If you want to love it here too, well, and you know something
else, I noticed since COVIDwhich is great because I use it
so much is like Postmates.
Speaker 2 (11:07):
Uber Eats any delivery.
It is so fast, it's faster Ican Postmate something no joke
faster than if I was in the carto go.
You know, if you're runningthrough, drive through something
and come home, yeah, it's nuts,it's gotten so fast, yeah, and
it's so convenient it is, it'snuts, it's gotten gotten.
Speaker 1 (11:26):
So fast, yeah, and it's so convenient, it's so
convenient.
I can't even tell you how manytimes I've had like a hankering
or a craving and I was like Ishould go and I'm like, oh, I
don't even have to do that now,I could just have it brought
right to my house.
Speaker 2 (11:36):
Thank you.
My kids are the worst.
I have to put like limits on it.
They'll just one day I saw it,it was like from 7-Eleven and it
was like a Mountain Dew and acookie or something I go.
How did you do this?
I think one of my kids was likesix and he ordered it.
I go one time.
An icy truck.
They ordered an icy truck tothe house, a huge ice cream
(11:56):
truck.
Speaker 1 (12:01):
But yeah, you can order anything.
Listen, that's, that's, that'svaluable information.
I didn't know I can order afood truck right to my house
because there are some tacotrucks out there.
I'd like to have them.
Come on, you probably can.
I'll be like come to my housenow.
Okay, so we're totally gettingoff subject.
This is what happens when we'retogether.
Yes, we started talking aboutVegas and Tropicana.
That ended up into the weatherand we still haven't got to
numbers.
Speaker 2 (12:21):
It is the perfect segment into numbers.
Yeah, look at this seamlesstransition.
Let's talk numbers now.
Well, I tell you, I feel likethis week has been busy, the
busiest week I've had already,and it's what is today,
wednesday, thursday, yeah, in ina few weeks.
Speaker 1 (12:38):
Yeah, yeah, yeah.
So that's one of the things.
Like, we've been covering thenumbers, um, we do it at the top
of every show, right, like thisis what our stock is, this is
what our um solds are, and whathave you.
And we've seen, uh, let's say,the last four or five weeks
we've seen inventory go up.
We've seen, uh, pricereductions come go.
(12:58):
We've seen inventory go up andprice reductions go up and the
sales have dropped and the dayson market have gotten longer.
So all of that was going intolike a ickity-ick-ick spot
feeling.
But then they dropped theinterest rates and some lenders
even dropped interest ratesproactively, knowing that the
(13:20):
Fed was going to cut their rates.
So they were sort ofpositioning themselves to be
ready for that.
And then all of a sudden it waslike hey, do you sell houses?
I'm looking to buy houses.
Speaker 2 (13:32):
I'm like, yeah, I'm not off anymore, just like the
plants came alive again.
Speaker 1 (13:36):
So did the buyers the market the market overcame
death once again.
Yeah, which it'll be reallyinteresting to go through
September's numbers and thennext month at this time to go
through October's numbers,because it's going to be a
little bit different as weslowly started to see things
start to dip.
(13:57):
I think we're going to start tosee those come back.
But let's just get into somenumbers so that way we can talk
about what's going on and thatway this is a real estate show
and it's not Tiana and me.
Speaker 2 (14:09):
Don't invite me for the numbers show anymore.
I can't come on the monthlynumbers show.
No, I'm just kidding.
Speaker 1 (14:15):
She's like this is not my day, I'm kidding.
No, I know you're kidding.
Okay, so if we look first,we're going to start off with
our single family units, becausethat's how we always start.
And our single family units doyou want to tell us how many
went ahead and sold last month?
Speaker 2 (14:30):
Let's see 1,791.
Speaker 1 (14:35):
1,791.
That's actually down.
That's down almost 2% from lastmonth.
So that is that sort of raisein inventory and price decreases
that had happened.
But the new listings which iscrazy has gone completely up
(14:55):
2,830 new listings.
That is up almost 16%.
That is a lot of new stockcoming on the market, which
gives us available units of5,458, which is up 35%.
So that is definitely,definitely, definitely going up,
(15:16):
that is great for buyers forsure.
Yeah, that's great for buyersand sort of the same thing.
But I guess more magnified ishappening on the condo sales,
because what do we have on thecondo sales for units sold?
So 486.
486 units sold we have.
(15:36):
That's down 12%.
That's a lot, yeah, that is alot.
And new listings 833 newlistings up 16 percent.
And our units of availablestock of 1731, that is up 67
percent.
That's crazy.
(15:56):
That is a lot of stock going onin the valley, you guys.
And so, with all of this newstock and the interest rates, um
, what have you been seeing?
um, you know I all of this newstock and the interest rates.
What have you been seeing?
You know all of this, you'relike this is the stuff.
Speaker 2 (16:12):
Yeah, all of this.
You know, even I do have longerdays on market but, like I said
, something happened this week.
You know I have a couplelistings and one of them that I
just haven't really had anyaction on, priced great, great.
I've sold before in that area,you know.
Um, so you know there's.
There's absolutely nothingwrong with it and it is
(16:34):
literally this is the longestdays on market I've ever had
anything before.
So I'm like you know, 70 daysis a lot.
I mean it's not a lot.
I mean mean that's you knowwhat.
A little bit over two months.
But in a market that we're soused to being so fast, so fast,
so fast.
You know, when you get to 30days, you're like, oh my gosh,
what's going on?
You know, so it is.
(16:56):
You know, I can feel it.
The sellers can feel it, butyou know, thankfully, you can
tell they're like I can't waitany longer.
You know what, when you need tosell, you got to sell.
When you're ready to buy, youjust got to buy.
Speaker 1 (17:11):
You know, even independent of what the market's
doing, like you know you, justyou have to yeah, yeah, I always
refer to those as real realestate.
Yeah, but if you've got like a,baby coming.
Speaker 2 (17:18):
a marriage if you have a job transfer, you can
make the market work for you.
It doesn't matter what it is.
You can make the market workfor you.
Speaker 1 (17:25):
Well, I always tell people too that real estate is
such a long-term hold you haveto live somewhere and it's such
a long-term hold that if you'regoing to be an owner, occupant,
then buying at any time makessense.
So that way you are payingyourself For sure, because the
market's going to do this.
I mean, how many years have youbeen in real estate?
And it's sort of up and downand all over the road.
Speaker 2 (17:48):
Oh yeah, that's it.
Speaker 1 (17:49):
Yeah, so this is a different market than we've been
in, but it is the normal toalways be a different market.
Speaker 2 (17:55):
That's the truth.
It's unpredictable, it reallyis unpredictable.
Speaker 1 (17:58):
Yeah, it is.
And then we are seeing someprices increasing and I do want
to talk about the prices.
We went ahead about the numberof available units that we have
here in the Valley, but we dowant to talk about some prices,
like the median home price thatis going on the market.
(18:31):
Listing is at $479,900, whichis up 6.6%.
So the prices, even thoughwe're seeing a lot of price
decreases, the things that areselling are still up.
And as far as median home priceranges in the condos, those are
median home price listing thatit goes on the market at is
(18:52):
$310,000, up about 8.3%.
And then they're selling forjust under $300,000, $299,500,
and that is up almost 11%.
So those houses are moving andwe've got about three months
worth of stock in our singlefamily homes, which normally
would very much be solely aseller's market and they could
(19:14):
get their pick of the litter.
We usually like to be.
Under three months is seller'smarket, and then we get in that
four or five, six months tendsto be a little more balanced.
Anything above that 6,000 marktends to be a buyer's market.
But this is seller marketnumbers in a buyer's market
environment.
That's the perfect words.
(19:35):
Yeah, because that's what'shappening here.
So that's crazy.
So about three months of stockin single family and three and a
half months of stock in condos,but still great deals to be had
out there.
I just want to jump down becauseyou said something really
interesting about the days onmarket.
So if you're a listener of thisshow then you absolutely know
(19:57):
our market is fast.
It just hop, skip and jump boomdeals over.
You blink and you're like oh,that's right, I closed another
deal, which is actually a funplace to be, but our price, our
days on market, has gone down alittle bit.
So, like you said, you had ahouse that was sitting, interest
(20:17):
rates change and now all of asudden you're drumming up some
showings, which has to make yoursellers happy.
Oh, yes, of course you knowanything.
Speaker 2 (20:27):
It's so funny because any little change to it doesn't
matter.
If it's in the neighborhood andyou have a house listed in
there and they list a housearound the corner, that's going
to drive more eyes on yourlisting.
I can feel it because primarily, you know, I usually have
listings more so, so I can seeit.
Though, when a house lists or,um, you know, even a price
(20:49):
change, right here, interestrate dip, buyers are are showing
up, so I can measure it inshowings, number of showings,
almost, and feel how the marketjust I mean and it is quick
because it, you know, tomorrowor next week could be different,
could be completely whathappened last Thursday here on
this show versus what ishappening this Thursday on this
(21:10):
show.
Speaker 1 (21:11):
it's only a week difference and I'm just like the
amount of activity and interestand things is insane.
Speaker 2 (21:18):
I know.
I mean, the urgency is alwaysthere.
You know, no matter what thenumbers are, the urgency is
always there.
Speaker 1 (21:27):
Yeah, I agree with that.
But if we are jumping back tothe days on market, so zero to
30 days on market for us to sella house 61.5% of our homes sell
in September in that.
Zero to 30 days, right, butthat's actually down because if
we go back to December of lastyear it was 68%.
(21:49):
So now we're down almost 7%there and that is pretty
significant for us because, likeI said, we're usually a quick
moving market.
So then if you're 31 to 60 days, that's just about 20% of the
homes, which in August that wasabout the same too we were
(22:11):
hovering right around 20% withinthat 60-day range.
And that is up, because inSeptember of 23, a year ago,
that would have only been at17.7%, right, so those days in
March are just a little moreextended.
This year than last year.
But the biggest one was thetimeframe that you were in when
(22:33):
you were saying it was 80 dayson the market.
But now you're seeing activitywith this interest rate drop.
That's where we saw the biggest, I guess, change was 61 to 90
days, went over 10% of our homes.
Usually that's, like you know,7%.
A year ago in September it was6%.
So that's the one that reallyjumped up.
(22:55):
If we're looking at 91 to 120days, that's still around the 3,
4% and two price points alwaysdiffer too.
Speaker 2 (23:02):
Something in a higher price point generally has
longer days on market Totally,but the million plus in Vegas is
faster than the rest of thenation, you know, as far as days
on market goes.
Speaker 1 (23:17):
Yeah, yeah, yeah, yeah.
So that's the numbers that we,Trish and I, actually talked
about this.
I don't remember if it was lastweek or the week before, but we
talked about how our basicallystarter homes or beginning like
that townhome price range if youcan get into like that $300,
$350 price for condos andtownhomes and if you can find a
(23:40):
starter home like $380 to $450in the Valley.
Speaker 2 (23:45):
Those suckers fly off the shelves and it's so funny
because the numbers are relativeand I know their numbers, but
we see it in our business.
You know, and and it doescorrelate.
You can you know that it thatit's true, but I mean three
bedroom $350,000,.
No matter what market it is,it's going to sell and you're
going to have multiple offers.
Speaker 1 (24:05):
I mean within quickly , quickly, if it's decent, and
you know Well, even if it's not,because at that price point,
depending upon location and howmany square feet, then that is
investors knocking on the doorIs very it's, it's it.
Speaker 2 (24:24):
that is the price range that just flies.
Speaker 1 (24:26):
Yeah, you can't keep those on the shelves and that's
our fastest moving price point.
But our luxury price point,starting at that million dollars
, is so healthy and robust inthis Vegas, yeah, and it's only
getting better and it's onlygetting better.
So people who grew up here andyou know went to Tropicana as a
kid and you know you went toTropicana as a kid, then that
(24:48):
price point of almost $480,000seems scary, like, oh, how am I
going to get a house at thatprice?
But people are transplantingfrom here.
That is so inexpensive comparedto the bigger cities that
they're coming from the New York, the Chicago, the San Francisco
, la area that those luxury homeprices are like.
(25:09):
And I have clients in Canadaand they sent me some
information and it said that inToronto you'd have to save for
33 years in order to purchase ahouse.
I'm like, send them to Vegas,send them all to Vegas.
They can have an investmentproperty here and rent up there.
Speaker 2 (25:26):
I don't know, know, and I hope it lasts forever.
But really Las Vegas has alwaysbeen an opportunity city, but
it just seems like everybodythat moves here, they literally
double their income in some wayor fashion, by losing extra
bills or whatever, and end up ina bigger, better house too than
they had been previously, forless money and with equity in it
(25:49):
.
So I mean, I came here 17 yearsago and stayed.
I love Las Vegas.
And it is an opportunity cityfor real estate, which is why
investors love Vegas too.
Speaker 1 (26:01):
Yeah, investors love Vegas and people who love the
outdoors.
If they want to go hiking orthey want to go to the lake or
they want to cycle or whatever,then we have those options
available.
It's a pretty damn great placeto live, in my humble opinion.
So if you're thinking of movingor relocating to Las Vegas and
you want to talk to Mia aboutgetting a property Mia, how do
(26:23):
people get ahold of you?
Speaker 2 (26:24):
Well, you can call me , you can text me, you can email
me or, the best way go toInstagram and just type in my
name, you'll find me.
Speaker 1 (26:33):
That's true.
You do love social media, Allright.
Well, if you wanted to get ahold of me, you can give me a
call or shoot me a text at702-379-9948.
And then we can talk all things.
Real estate Also.
If you haven't yet, you can gocheck out realtycheckvegas and
that is where you'll find ourlink tree, our socials.
(26:54):
You can add listener questionsIf you're out there and you're,
is it a horticulturist that doesplants?
Is that?
what they're called.
Okay, that sounds good, we'lljust go with that.
If you do know what's going onwith the Vegas plants and why,
after the heat wave, we'rehaving a second spring, I would
love to know that information.
(27:15):
I'll probably go down a rabbithole and research that tonight,
like two in the morning I'll belike why do we have a second
spring?
But if I don't get a chance todo it and you know the answers,
please, please, please, sendthat at therealtycheckvegas, so
that way we have thatinformation to share too.
So that's it for our Septembernumbers update.
We appreciate you tuning in andwe will see you next week.
(27:37):
Bye, vegas, bye.
Hey, vegas, welcome to Vegas Realty Check.
I'm your host, Tiana Carroll,and today I have a good friend
with me, ms Mia Wolfe.
Hi, so we are here and we aretalking everything Vegas real
estate.
Matter of fact, if you'retuning in right now, then you've
gotten lucky enough to meet usfor our monthly market update.
We're going to talk everythingabout the September numbers and
(00:38):
real estate that happened herein Las Vegas.
So, if you haven't yet, makesure you like, share and
subscribe to join our tribe sothat way you don't miss out on
any of the information, becauseif you were looking to buy, sell
or invest in Vegas, thesenumbers are going to be a
forecaster of what you canexpect during your deal.
So make sure you join the tribeand we appreciate that.
Before we get started, mia, youhave been on the show a couple
(01:00):
times.
I so appreciate you coming outand being with us.
Yet again, anything new andinteresting going on in your
life.
Speaker 2 (01:06):
I don't know so much, so much, and this is the first
time I've ever been on with justyou.
Yes, yeah Well usually like.
Speaker 1 (01:13):
I know that there's been a couple of times where
I've had other obligations andthen you've come in and I've
done it with just Trish before,and this is the first time with
just you Say yay, well, gladyou're here, thank you, thank
you.
Speaker 2 (01:29):
No, just ready for this.
Uh, for fall, to hit for fall.
I know it's officially fall,but I'm ready for boot weather
and it is not boot weatherwaiting.
Speaker 1 (01:33):
It is a hundred degrees out there.
Still we got boots on there.
Speaker 2 (01:37):
You do have little ankle boots waiting in the boot
season right, slowly right.
Speaker 1 (01:45):
As it gets colder.
The boots come up over theankle, then the calf.
By the midwinter they should bethigh high.
That's right, perfect.
Well, I think you lookfantastic in thigh highs and
ankle boots.
Speaker 2 (01:58):
Thank you.
Speaker 1 (01:59):
But yeah, no, we've been having this weird heat wave
going on it is hot, it's beenhot, it's hot Every day over 100
.
Yeah, so many HOAs have donelike that usually close for fall
on their pools and stuff.
They've extended it throughthis heat wave, which is really
nice yeah, which is nice.
So there's still kids cominghome from school and playing in
(02:20):
the pool, which I grew up inVegas.
So that always felt like youknow something.
It feels like it's a must haveanymore is the pool in Vegas.
Yeah, that was my favorite,even when school started, that
we'd come home from school andget to go swimming still.
So that was always nice.
Speaker 2 (02:37):
Well, and too, it's usually so hot that you have to
swim at night.
So it's night swimming really,cause it is really too hot to
swim in the day.
So we just swim at nighttime,right, right.
Speaker 1 (02:46):
Because it gets kind of soupy like the water in
extreme temperature, especiallyif you have a heated pool.
It feels soupy, it doesn't feelcool and refreshing.
Yeah, yeah, and so, um, I dowant to say that we said goodbye
to the Tropicana hotel.
I've seen it was imploded thisweek, I know everybody.
Everybody's sad yeah.
Speaker 2 (03:04):
I feel like everybody's sad, excited about
what's to come, but kind ofmissed out.
Speaker 1 (03:08):
Yeah Well, this isn't the first time I've seen an
implosion, because I've beenhere since 88.
I was brand new born.
That's when I was born 88.
Speaker 2 (03:17):
Yeah, yeah, that's it .
Speaker 1 (03:27):
Anyway.
So I've been here a minute andI've seen lots of hotels be
imploded.
But the Tropicana was sort ofnear and dear to my heart
because when I was a kid we usedto go swimming there a lot,
when my dad would be in thesports book or whatever.
That's funny.
That is funny.
You couldn't get away with thatnowadays.
And then the first show I didon my own was at the Tropicana.
Oh really.
Speaker 2 (03:44):
Yeah, that's cool.
Yep, yep, yep.
Speaker 1 (03:46):
So that was, and the first show I auditioned for was
Follies Brasier uh at theTropicana.
I didn't actually go into thatshow, I did a uh, bird and magic
show up in one of the towers.
Speaker 2 (03:57):
I got to see video or pictures.
Speaker 1 (03:59):
Yeah, yeah, yeah, I might, I might have a picture
I'll show you after and and to.
Speaker 2 (04:04):
I was surprised so many people went to see it in
person.
I think it was like 2 in themorning.
Speaker 1 (04:08):
Well, because yeah, or 3.
Speaker 2 (04:10):
That's a thing that you do when you're and there
were kids out there and I go thenext hotel that we implode.
I'm going to be there on thefront row.
Speaker 1 (04:20):
Well, you're in luck, because that's what we do here
in this town.
We implode and I mean it's abig deal.
There's fireworks and dronesand a staging area.
Speaker 2 (04:29):
It was a big deal yeah.
Speaker 1 (04:31):
And it's pretty cool, like I've been taking pictures
and video of the entire processwhere they're dismantling the
hotel, so it's basically theframe and then you know when
they come down they collapseeasily.
I'm sure it was probablycovered nationwide, right?
Yeah, it may have been umovershadowed by the hurricane,
(04:51):
yeah, which our hearts go out toeverybody in florida, but if
you're floridian, you'reprobably like oh, it's fine, the
waffle house is open I know,and you know I was thinking too
well, they are leaving.
Speaker 2 (05:01):
I have family in florida and all through
tennessee and I mean it wastaking them, like you know, 20
hours to get a six hour distance.
But I was thinking, what do youdo?
We have no weather here.
I mean it's hot and dry, that'sit.
So we have been.
I mean I'm from Tennesseetornadoes and things like that.
But like you, don't think abouthaving to just take whatever
(05:21):
you have, leave the finances forthat and the places to go, I go
.
I would go to Las Vegas.
I would get a hotel room in Las.
Speaker 1 (05:31):
Vegas.
Right If it were easy to get toLas Vegas, but, like you said,
20 hours.
So back in, I think it was2012,.
Hurricane Sandy was coming upthe coast of Florida and I was
actually on the Gulf side.
I was in Bradenton, which isnow being hit with this
hurricane, but at the time Sandywas coming towards Florida and
I was on the Gulf side and theywere having winds of 90 miles an
(05:53):
hour and I was on the top floorof a six-story building and the
palm trees in the wind werecaving over and the tops of the
trees were hitting the ground.
They just wave.
Speaker 2 (06:05):
Right, they just wave in it, in it.
Speaker 1 (06:06):
and I kept thinking like I'm in a hotel room, like
what do I do?
I can't drive, I can't get outof here.
So I have lots of family inflorida and they were.
I was calling them and theywere on the east side of florida
, in coral gables, and that'swhere everything was projected
to hit.
Now we now know that sandy, youknow, kind of curved off and
(06:27):
then came back up the Atlanticinto New York, new Jersey, and
that was devastating.
But when it was still tropicalstorm, beginning of hurricane
and it was on the Florida side,they were.
They were laughing at mebecause I was like I'm on the
other side, you know, drive overhere, we can be in the hotel
and you'll be safe.
And they're like yeah, we'refully stopped.
Speaker 2 (06:47):
You're a desert person.
I'm a desert person we don'thave elements like that they get
used to, I mean tornadoprepping and all that stuff.
But man, when it hits, it hitsand it's scary, and it's scary.
Speaker 1 (06:59):
I saw people like uh, like shrink, wrapping their
cars so that way the watercouldn't get in.
They were wrapping them inplastics and foils.
Speaker 2 (07:09):
I saw a guy on tiktok laying in a canoe in his living
room.
The guy that just built thehouse right yes, I was going
live and it was like four feetof water and he was so chill
though he was like in his kayak.
Speaker 1 (07:22):
He was the most calm person.
I was like we're gonna have tochange these lights, switch out.
Speaker 2 (07:26):
I was trying to stress him out through the
camera.
I'm like you need to be likeworried Please.
Speaker 1 (07:33):
Paddle out of there.
So last year we did a report onthe show that had come out
saying that as far as naturaldisasters and elements and stuff
, that Vegas was one of thesafest places to live.
And you know I'm like laughingbecause everybody's like, oh,
(07:53):
how did you survive those 10days over 110 degrees and
whatever during summer?
And I'm like the whole worldwent on Like I was going to the
gym and eating dinner andthere's no property damage
there's I mean there's the lossof some trees.
I said it a couple of times thisyear that driving through the
Valley and seeing these treesall burnt up is heartbreaking.
But have you noticed this?
(08:14):
And if anybody else out therehas noticed this, write it, type
it, go to a realtycheckvegasand send it in.
And let me know that I'm notthe only one, but some of those
plants that were like burned offand died.
They're having a second springright now.
Speaker 2 (08:30):
Have you noticed that flowers are in bloom?
I thought that was so weird,because I have a bunch of plants
that they've already bloomedthis year and then I was ready
to trim them, because it's likefall or autumn or whatever, and
they're like in full bloom,bloom in full bloom.
There are so many types.
Speaker 1 (08:48):
There's so many plants out there that look like
they were dying off.
They were brown and crispy andthey're starting to get new
growth, as if they were springand then re-flowering for a
second time.
It's like it tricked nature.
It must have, like you know,died quote unquote in the heat
and kind of gone into a dormant.
And then now it's like what'sup, baby?
I'm back, and then there's,it's blooming.
Speaker 2 (09:10):
That would be me if I was a tree.
Speaker 1 (09:13):
That would be me too Like, and that's how I felt like
after the heat wave, and it waslike 103, I'm like oh, this is
spring weather.
Speaker 2 (09:21):
We had one, yeah, we had one week of perfection and
then it was like, but even 100years, not bad.
I mean, it's different whenit's dry right.
Speaker 1 (09:31):
You go to like 80 in 85% humidity and it's wet and
it's sticky and it's hot andit's hard to breathe.
Speaker 2 (09:38):
We don't have any of that hair.
It's great for makeup and hairand all of that.
Speaker 1 (09:43):
I feel like we don't have frizzy hair, we don't have
humidity, so my hair is curlywhen I go to the South.
Speaker 2 (09:49):
Immediately I get off the plane and my hair just
frizzes up.
Yeah Well, it gets curly.
Speaker 1 (09:55):
Yeah, my hair, my hair is half straight.
Yeah, no, no, no, my hair istrash.
Speaker 2 (10:04):
It's like it's so good for your skin though, cause
I'm like I look youngerimmediately, cause my skin just
plumps up because of themoisture.
Yeah, we were like so dry.
Speaker 1 (10:12):
Yeah, but the thing is as far as living, this is a
good place to live.
I don't care what anybody says.
It's one of the best placesever.
I love it too.
I love I mean it's a littledifferent now after the pandemic
.
Everything's not 24 seven theway it used to be.
I used to love that I couldjust run into a Walmart or a
grocery store or whatever, likeat three in the morning and it
(10:33):
was fine.
The grocery stores do close alittle bit yeah, I even went to
like Walgreens that closed atlike 11.
Speaker 2 (10:38):
I was like that's weird.
My daughter went to school inAlabama and she's really spoiled
from growing up here because Imean there's so much shops and
everything they you know westill pretty much stay open
until yeah, I mean pretty muchwell, better than the rest of
the country, not as good as weused to be, but I do love it
here in Vegas.
Speaker 1 (10:56):
So if you're looking to uh, relocate to Vegas, yes.
If you want to love it here too, well, and you know something
else, I noticed since COVIDwhich is great because I use it
so much is like Postmates.
Speaker 2 (11:07):
Uber Eats any delivery.
It is so fast, it's faster Ican Postmate something no joke
faster than if I was in the carto go.
You know, if you're runningthrough, drive through something
and come home, yeah, it's nuts,it's gotten so fast, yeah, and
it's so convenient it is, it'snuts, it's gotten gotten.
Speaker 1 (11:26):
So fast, yeah, and it's so convenient, it's so
convenient.
I can't even tell you how manytimes I've had like a hankering
or a craving and I was like Ishould go and I'm like, oh, I
don't even have to do that now,I could just have it brought
right to my house.
Speaker 2 (11:36):
Thank you.
My kids are the worst.
I have to put like limits on it.
They'll just one day I saw it,it was like from 7-Eleven and it
was like a Mountain Dew and acookie or something I go.
How did you do this?
I think one of my kids was likesix and he ordered it.
I go one time.
An icy truck.
They ordered an icy truck tothe house, a huge ice cream
(11:56):
truck.
Speaker 1 (12:01):
But yeah, you can order anything.
Listen, that's, that's, that'svaluable information.
I didn't know I can order afood truck right to my house
because there are some tacotrucks out there.
I'd like to have them.
Come on, you probably can.
I'll be like come to my housenow.
Okay, so we're totally gettingoff subject.
This is what happens when we'retogether.
Yes, we started talking aboutVegas and Tropicana.
That ended up into the weatherand we still haven't got to
numbers.
Speaker 2 (12:21):
It is the perfect segment into numbers.
Yeah, look at this seamlesstransition.
Let's talk numbers now.
Well, I tell you, I feel likethis week has been busy, the
busiest week I've had already,and it's what is today,
wednesday, thursday, yeah, in ina few weeks.
Speaker 1 (12:38):
Yeah, yeah, yeah.
So that's one of the things.
Like, we've been covering thenumbers, um, we do it at the top
of every show, right, like thisis what our stock is, this is
what our um solds are, and whathave you.
And we've seen, uh, let's say,the last four or five weeks
we've seen inventory go up.
We've seen, uh, pricereductions come go.
(12:58):
We've seen inventory go up andprice reductions go up and the
sales have dropped and the dayson market have gotten longer.
So all of that was going intolike a ickity-ick-ick spot
feeling.
But then they dropped theinterest rates and some lenders
even dropped interest ratesproactively, knowing that the
(13:20):
Fed was going to cut their rates.
So they were sort ofpositioning themselves to be
ready for that.
And then all of a sudden it waslike hey, do you sell houses?
I'm looking to buy houses.
Speaker 2 (13:32):
I'm like, yeah, I'm not off anymore, just like the
plants came alive again.
Speaker 1 (13:36):
So did the buyers the market the market overcame
death once again.
Yeah, which it'll be reallyinteresting to go through
September's numbers and thennext month at this time to go
through October's numbers,because it's going to be a
little bit different as weslowly started to see things
start to dip.
(13:57):
I think we're going to start tosee those come back.
But let's just get into somenumbers so that way we can talk
about what's going on and thatway this is a real estate show
and it's not Tiana and me.
Speaker 2 (14:09):
Don't invite me for the numbers show anymore.
I can't come on the monthlynumbers show.
No, I'm just kidding.
Speaker 1 (14:15):
She's like this is not my day, I'm kidding.
No, I know you're kidding.
Okay, so if we look first,we're going to start off with
our single family units, becausethat's how we always start.
And our single family units doyou want to tell us how many
went ahead and sold last month?
Speaker 2 (14:30):
Let's see 1,791.
Speaker 1 (14:35):
1,791.
That's actually down.
That's down almost 2% from lastmonth.
So that is that sort of raisein inventory and price decreases
that had happened.
But the new listings which iscrazy has gone completely up
(14:55):
2,830 new listings.
That is up almost 16%.
That is a lot of new stockcoming on the market, which
gives us available units of5,458, which is up 35%.
So that is definitely,definitely, definitely going up,
(15:16):
that is great for buyers forsure.
Yeah, that's great for buyersand sort of the same thing.
But I guess more magnified ishappening on the condo sales,
because what do we have on thecondo sales for units sold?
So 486.
486 units sold we have.
(15:36):
That's down 12%.
That's a lot, yeah, that is alot.
And new listings 833 newlistings up 16 percent.
And our units of availablestock of 1731, that is up 67
percent.
That's crazy.
(15:56):
That is a lot of stock going onin the valley, you guys.
And so, with all of this newstock and the interest rates, um
, what have you been seeing?
um, you know I all of this newstock and the interest rates.
What have you been seeing?
You know all of this, you'relike this is the stuff.
Speaker 2 (16:12):
Yeah, all of this.
You know, even I do have longerdays on market but, like I said
, something happened this week.
You know I have a couplelistings and one of them that I
just haven't really had anyaction on, priced great, great.
I've sold before in that area,you know.
Um, so you know there's.
There's absolutely nothingwrong with it and it is
(16:34):
literally this is the longestdays on market I've ever had
anything before.
So I'm like you know, 70 daysis a lot.
I mean it's not a lot.
I mean mean that's you knowwhat.
A little bit over two months.
But in a market that we're soused to being so fast, so fast,
so fast.
You know, when you get to 30days, you're like, oh my gosh,
what's going on?
You know, so it is.
(16:56):
You know, I can feel it.
The sellers can feel it, butyou know, thankfully, you can
tell they're like I can't waitany longer.
You know what, when you need tosell, you got to sell.
When you're ready to buy, youjust got to buy.
Speaker 1 (17:11):
You know, even independent of what the market's
doing, like you know you, justyou have to yeah, yeah, I always
refer to those as real realestate.
Yeah, but if you've got like a,baby coming.
Speaker 2 (17:18):
a marriage if you have a job transfer, you can
make the market work for you.
It doesn't matter what it is.
You can make the market workfor you.
Speaker 1 (17:25):
Well, I always tell people too that real estate is
such a long-term hold you haveto live somewhere and it's such
a long-term hold that if you'regoing to be an owner, occupant,
then buying at any time makessense.
So that way you are payingyourself For sure, because the
market's going to do this.
I mean, how many years have youbeen in real estate?
And it's sort of up and downand all over the road.
Speaker 2 (17:48):
Oh yeah, that's it.
Speaker 1 (17:49):
Yeah, so this is a different market than we've been
in, but it is the normal toalways be a different market.
Speaker 2 (17:55):
That's the truth.
It's unpredictable, it reallyis unpredictable.
Speaker 1 (17:58):
Yeah, it is.
And then we are seeing someprices increasing and I do want
to talk about the prices.
We went ahead about the numberof available units that we have
here in the Valley, but we dowant to talk about some prices,
like the median home price thatis going on the market.
(18:31):
Listing is at $479,900, whichis up 6.6%.
So the prices, even thoughwe're seeing a lot of price
decreases, the things that areselling are still up.
And as far as median home priceranges in the condos, those are
median home price listing thatit goes on the market at is
(18:52):
$310,000, up about 8.3%.
And then they're selling forjust under $300,000, $299,500,
and that is up almost 11%.
So those houses are moving andwe've got about three months
worth of stock in our singlefamily homes, which normally
would very much be solely aseller's market and they could
(19:14):
get their pick of the litter.
We usually like to be.
Under three months is seller'smarket, and then we get in that
four or five, six months tendsto be a little more balanced.
Anything above that 6,000 marktends to be a buyer's market.
But this is seller marketnumbers in a buyer's market
environment.
That's the perfect words.
(19:35):
Yeah, because that's what'shappening here.
So that's crazy.
So about three months of stockin single family and three and a
half months of stock in condos,but still great deals to be had
out there.
I just want to jump down becauseyou said something really
interesting about the days onmarket.
So if you're a listener of thisshow then you absolutely know
(19:57):
our market is fast.
It just hop, skip and jump boomdeals over.
You blink and you're like oh,that's right, I closed another
deal, which is actually a funplace to be, but our price, our
days on market, has gone down alittle bit.
So, like you said, you had ahouse that was sitting, interest
(20:17):
rates change and now all of asudden you're drumming up some
showings, which has to make yoursellers happy.
Oh, yes, of course you knowanything.
Speaker 2 (20:27):
It's so funny because any little change to it doesn't
matter.
If it's in the neighborhood andyou have a house listed in
there and they list a housearound the corner, that's going
to drive more eyes on yourlisting.
I can feel it because primarily, you know, I usually have
listings more so, so I can seeit.
Though, when a house lists or,um, you know, even a price
(20:49):
change, right here, interestrate dip, buyers are are showing
up, so I can measure it inshowings, number of showings,
almost, and feel how the marketjust I mean and it is quick
because it, you know, tomorrowor next week could be different,
could be completely whathappened last Thursday here on
this show versus what ishappening this Thursday on this
(21:10):
show.
Speaker 1 (21:11):
it's only a week difference and I'm just like the
amount of activity and interestand things is insane.
Speaker 2 (21:18):
I know.
I mean, the urgency is alwaysthere.
You know, no matter what thenumbers are, the urgency is
always there.
Speaker 1 (21:27):
Yeah, I agree with that.
But if we are jumping back tothe days on market, so zero to
30 days on market for us to sella house 61.5% of our homes sell
in September in that.
Zero to 30 days, right, butthat's actually down because if
we go back to December of lastyear it was 68%.
(21:49):
So now we're down almost 7%there and that is pretty
significant for us because, likeI said, we're usually a quick
moving market.
So then if you're 31 to 60 days, that's just about 20% of the
homes, which in August that wasabout the same too we were
(22:11):
hovering right around 20% withinthat 60-day range.
And that is up, because inSeptember of 23, a year ago,
that would have only been at17.7%, right, so those days in
March are just a little moreextended.
This year than last year.
But the biggest one was thetimeframe that you were in when
(22:33):
you were saying it was 80 dayson the market.
But now you're seeing activitywith this interest rate drop.
That's where we saw the biggest, I guess, change was 61 to 90
days, went over 10% of our homes.
Usually that's, like you know,7%.
A year ago in September it was6%.
So that's the one that reallyjumped up.
(22:55):
If we're looking at 91 to 120days, that's still around the 3,
4% and two price points alwaysdiffer too.
Speaker 2 (23:02):
Something in a higher price point generally has
longer days on market Totally,but the million plus in Vegas is
faster than the rest of thenation, you know, as far as days
on market goes.
Speaker 1 (23:17):
Yeah, yeah, yeah, yeah.
So that's the numbers that we,Trish and I, actually talked
about this.
I don't remember if it was lastweek or the week before, but we
talked about how our basicallystarter homes or beginning like
that townhome price range if youcan get into like that $300,
$350 price for condos andtownhomes and if you can find a
(23:40):
starter home like $380 to $450in the Valley.
Speaker 2 (23:45):
Those suckers fly off the shelves and it's so funny
because the numbers are relativeand I know their numbers, but
we see it in our business.
You know, and and it doescorrelate.
You can you know that it thatit's true, but I mean three
bedroom $350,000,.
No matter what market it is,it's going to sell and you're
going to have multiple offers.
Speaker 1 (24:05):
I mean within quickly , quickly, if it's decent, and
you know Well, even if it's not,because at that price point,
depending upon location and howmany square feet, then that is
investors knocking on the doorIs very it's, it's it.
Speaker 2 (24:24):
that is the price range that just flies.
Speaker 1 (24:26):
Yeah, you can't keep those on the shelves and that's
our fastest moving price point.
But our luxury price point,starting at that million dollars
, is so healthy and robust inthis Vegas, yeah, and it's only
getting better and it's onlygetting better.
So people who grew up here andyou know went to Tropicana as a
kid and you know you went toTropicana as a kid, then that
(24:48):
price point of almost $480,000seems scary, like, oh, how am I
going to get a house at thatprice?
But people are transplantingfrom here.
That is so inexpensive comparedto the bigger cities that
they're coming from the New York, the Chicago, the San Francisco
, la area that those luxury homeprices are like.
(25:09):
And I have clients in Canadaand they sent me some
information and it said that inToronto you'd have to save for
33 years in order to purchase ahouse.
I'm like, send them to Vegas,send them all to Vegas.
They can have an investmentproperty here and rent up there.
Speaker 2 (25:26):
I don't know, know, and I hope it lasts forever.
But really Las Vegas has alwaysbeen an opportunity city, but
it just seems like everybodythat moves here, they literally
double their income in some wayor fashion, by losing extra
bills or whatever, and end up ina bigger, better house too than
they had been previously, forless money and with equity in it
(25:49):
.
So I mean, I came here 17 yearsago and stayed.
I love Las Vegas.
And it is an opportunity cityfor real estate, which is why
investors love Vegas too.
Speaker 1 (26:01):
Yeah, investors love Vegas and people who love the
outdoors.
If they want to go hiking orthey want to go to the lake or
they want to cycle or whatever,then we have those options
available.
It's a pretty damn great placeto live, in my humble opinion.
So if you're thinking of movingor relocating to Las Vegas and
you want to talk to Mia aboutgetting a property Mia, how do
(26:23):
people get ahold of you?
Speaker 2 (26:24):
Well, you can call me , you can text me, you can email
me or, the best way go toInstagram and just type in my
name, you'll find me.
Speaker 1 (26:33):
That's true.
You do love social media, Allright.
Well, if you wanted to get ahold of me, you can give me a
call or shoot me a text at702-379-9948.
And then we can talk all things.
Real estate Also.
If you haven't yet, you can gocheck out realtycheckvegas and
that is where you'll find ourlink tree, our socials.
(26:54):
You can add listener questionsIf you're out there and you're,
is it a horticulturist that doesplants?
Is that?
what they're called.
Okay, that sounds good, we'lljust go with that.
If you do know what's going onwith the Vegas plants and why,
after the heat wave, we'rehaving a second spring, I would
love to know that information.
(27:15):
I'll probably go down a rabbithole and research that tonight,
like two in the morning I'll belike why do we have a second
spring?
But if I don't get a chance todo it and you know the answers,
please, please, please, sendthat at therealtycheckvegas, so
that way we have thatinformation to share too.
So that's it for our Septembernumbers update.
We appreciate you tuning in andwe will see you next week.
(27:37):
Bye, vegas, bye.
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