Why Live in Downtown Las Vegas
Historic Downtown Las Vegas combines vibrant, big-city energy, luxury living and the trendiest restaurants, bars and entertainment steps from residents’ doors. The downtown area has become popular with locals who enjoy a more relaxed pace than the tourist-heavy Vegas Strip. Downtown is located just north of the famous 4-mile Las Vegas Strip in the center of the Las Vegas Valley. While The Strip is known for mega-casinos and neon-lit resorts, Downtown claims the Valley’s second-most famous street, Fremont, plus art, medical and financial districts.
The economy, as most would guess, is held up by gambling and entertainment, but the new Zappos headquarters downtown, along with the Cleveland Clinic Lou Ruvo Center for Brain Health, has started attracting more medical and technology-focused businesses. “It’s a very interesting and exciting time for Downtown Las Vegas,” says Paul McGuire, Chief Marketing Officer for the Fremont Street Experience for eight years and a Downtown Las Vegas resident. Fremont Street Experience is a company promoting the downtown area and is owned by eight hotels and casinos. “We’re in the golden age, and the diverse offerings from all the investments made
Home Trends in Downtown Las Vegas, NV
On average, homes in Downtown Las Vegas, Las Vegas sell after 97 days on the market compared to the national average of 69 days. The median sale price for homes in Downtown Las Vegas, Las Vegas over the last 12 months is $479,500, up 63% from the median home sale price over the previous 12 months.
Median Sale Price
$479,500
Median Single Family Sale Price
$499,900
Median Townhouse Sale Price
$409,990
Median 2 Bedroom Sale Price
$577,900
Median 1 Bedroom Sale Price
$420,000
Average Price Per Sq Ft
$220
Number of Homes for Sale
8
Last 12 months Home Sales
129
Median List Price
$512,029
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
63%
