Las Vegas continues recovery in 2014
After a stellar 2013 that saw year-over-year growth in property sales of 89 percent — the second-largest growth in the nation — investment momentum in Las Vegas has remained strong in first quarter 2014 with year-over-year sales growth in every major sector except hotels, according to data from Real Capital Analytics. This is further evidence that capital is finally making its way out of the primary markets
The $3.7 billion in property investment in the Las Vegas area in 2013 made it the 26th largest market in the country, its highest position since before the global financial crisis and eight spots higher than in 2012. The MSA was ranked as low as 47th in the country just three years ago in the wake of one of the worst housing market collapses during the global financial crisis.
Through the first quarter of 2014, Las Vegas has already seen $438 million of property investment in