What Happened in Las Vegas Real Estate in August?
September 6, 2024
The Market is Changing Constantly, Stay Aware
After edging close to an all-time high earlier this year, Las Vegas home prices pulled back in August, according to the latest report from Las Vegas Realtors (LVR). The median price for a single-family home in the area fell to $476,875, marking a retreat after months of price increases. Condominiums and townhomes experienced a similar dip, with their median price ending the month at $292,000, which is $4,000 lower than July’s record.
LVR President Merri Perry noted that, despite the price reductions, the overall trend for home prices this year has been upward, both locally and across the nation. “We’re hoping homes will soon become at least somewhat more affordable for buyers – assuming interest rates start to decline this fall as national experts are expecting,” Perry said.
Mortgage Rates: Not Much Change on the Horizon
While some are optimistic about interest rates easing, online real estate broker Redfin cautioned that mortgage rates might not drop significantly in the near future. Markets have already factored in potential rate cuts by the Federal Reserve, expected to begin in September and continue through 2025. Currently, the average mortgage rate in Nevada sits at 6.73% for a 30-year loan, according to Bankrate.The Political Factor in Housing Affordability
As the 2024 election approaches, promises to address housing affordability are common. However, any substantial changes will likely depend on Congressional action to allocate funds. The election results could either advance or derail these initiatives.LVR’s August Housing Market Report: Key Highlights
LVR’s monthly report, which only covers sales through its Multiple Listing Service (MLS) and excludes new home sales or owner-listed properties, offers more insights into the Las Vegas housing market:- 24.1% of all property sales were cash sales, a drop from 26.0% a year ago, and far below the August 2013 peak of 59.5%.
- 5,268 single-family homes were listed without offers by the end of August, a 35.7% increase from the same time last year.
- 1,640 condos and townhomes were listed without offers, up a significant 67.7% from a year ago.
- 2,711 homes, condos, and townhomes were sold in August. Sales of single-family homes increased by 6.4% year-over-year, but sales of condos and townhomes fell by 10.5%.
- The housing supply reached 2½ months at the end of August, compared to less than two months of supply a year earlier.
- 0.6% of August sales were short sales or foreclosures, a slight drop from 1.6% last year.
Speed of Sales
In August, 86.5% of single-family homes and 82.9% of condos and townhomes sold within 60 days, a slight improvement from last year’s numbers for homes, but a drop for condos and townhomes. The Las Vegas housing market continues to evolve as home prices fluctuate and mortgage rates stabilize at higher-than-usual levels. Buyers and sellers alike will need to keep a close watch on economic and political developments in the months ahead.
Every Thanksgiving morning, millions of people gather along the streets of Manhattan—or tune in from cozy living rooms across the country—to watch larger-than-life balloons, dazzling floats, marching bands, and performances fill the streets. The Macy’s Thanksgiving Day Parade has become an iconic piece of American holiday tradition, but its roots stretch back nearly a century. Here’s how this beloved celebration came to be—and how it grew into the cultural phenomenon we know today. Humble Beginnings: The 1920s The first Macy’s parade took place in 1924, making it one of the oldest Thanksgiving parades in the U.S. Macy’s employees—many of them immigrants—wanted to celebrate their new American traditions with a grand festival inspired by the street fairs and carnivals of their home countries. The debut parade featured: Live animals borrowed from the Central Park Zoo Floats pulled by horses Marching bands Santa Claus as the finale Even in its first year, the parade drew huge crowds. Macy’s quickly declared it an annual event. Humble Beginnings: The 1920s The first Macy’s parade took place in 1924 , making it one of the oldest Thanksgiving parades in the U.S. Macy’s employees—many of them immigrants—wanted to celebrate their new American traditions with a grand festival inspired by the street fairs and carnivals of their home countries. The debut parade featured: Live animals borrowed from the Central Park Zoo Floats pulled by horses Marching bands Santa Claus as the finale Even in its first year, the parade drew huge crowds. Macy’s quickly declared it an annual event. Growth Through the Mid-Century By the 1930s and ’40s, the parade had become a cherished national event. Important milestones include: 1932 – The parade was first broadcast on radio. 1942–1944 – The parade paused during WWII, when balloons were donated to help with the rubber shortage. 1945 – The parade returned bigger than ever. 1948 – NBC aired the first televised broadcast, bringing the spectacle into homes nationwide. Throughout the 1950s and ’60s, the parade expanded with more elaborate floats, celebrity appearances, and increasingly sophisticated balloon designs. Pop Culture Takes Over By the 1970s and 1980s, the parade had fully embraced modern entertainment. This era brought: Balloons of beloved characters like Snoopy, Kermit the Frog, and Superman Broadway performances becoming a staple Larger production budgets and national media coverage The parade evolved into both a celebration and a marketing phenomenon—yet still retained its charm and festive spirit. A 21st-Century Icon Today’s parade is a blend of high-tech engineering, pop culture, and decades-old tradition. Modern features include: State-of-the-art balloon design and safety teams Massive behind-the-scenes operations with thousands of volunteers Digital broadcasts and livestreams reaching millions worldwide Partnerships with musicians, Broadway shows, film studios, and children’s brands And, of course, the parade still ends the same way it did in 1924: with Santa Claus arriving to officially kick off the holiday season . Why the Parade Endures The Macy’s Thanksgiving Day Parade is more than a televised event—it's a symbol of joy, togetherness, and the unofficial start of the holidays. Over nearly 100 years, it has reflected the evolution of American culture, from beloved cartoon characters to blockbuster movie icons, all while staying anchored in nostalgic tradition. It’s a celebration of imagination, community, and holiday spirit—one balloon at a time.

If you’re heading out of town for the holidays, take a few minutes to prep your home before you go. A little planning can help you avoid headaches—and make sure you return to everything just as you left it! Unplug and Power Down Unplug small appliances like toasters, coffee makers, and space heaters. This not only helps prevent potential fire hazards but also saves a bit on energy while you’re away. Lock It Up Double-check that all doors and windows are securely locked, including sliding glass doors and garage entries. If you have a security system, set it before you go. Keep It Lived-In Consider leaving a light on a timer so your home still looks occupied in the evenings. It’s a simple way to deter unwanted attention. Clear the Kitchen Take out the trash, clean out the fridge, and run the garbage disposal before you leave. You’ll thank yourself when you come home to a fresh, clean space instead of any lingering odors. Close Curtains (But Not Completely) Clos ing your blinds or curtains halfway helps keep your home cooler and adds privacy— without making it obvious that no one’s there. Bonus Tip If you’re in an area prone to bugs, you can close sink and shower drains to minimize access (yes, it really can help keep pests from creeping up). Taking these simple steps helps protect your home and gives you peace of mind while you’re enjoying your holiday travels. Safe travels and happy holidays!

Whether you’re planning a romantic night out or a fun hangout with friends, fall and winter in Las Vegas bring the perfect mix of cool weather, and cozy vibes. From outdoor adventures to stay-in nights, here are some great ways to make the most of the season. 1. Skate Under the Stars at Fontainebleau’s Ice Rink Bundle up and glide across the ice surrounded by glittering lights and holiday cheer. Whether you’re holding hands or racing your bestie, it’s a festive way to kick off the winter season. 2. Explore Enchant at Las Vegas Ballpark Get lost in a maze of sparkling lights, sip on hot cocoa, and take a million photos together. Enchant is pure holiday magic — perfect for a romantic night or a friends’ night out filled with laughter and selfies. 3. Sunset Picnic at Red Rock Canyon Take advantage of the cooler weather and head out to Red Rock for a cozy outdoor date. Pack a picnic, bring a blanket, and catch the golden-hour glow over the desert cliffs. It’s peaceful, picturesque, and a great way to unwind together. 4. Rooftop Lounge Vibes Head to the Skyfall Lounge for sweeping views of the city lights. Grab a seat by the firepit, share a few laughs (or a cocktail flight), and soak in the stunning skyline. It’s equally perfect for date night or a friends’ catch-up. 5. Stay In & Solve an “Unsolved Case File” If you’re in the mood to stay cozy, pick up an Unsolved Case File game and put your detective skills to the test. Light some candles, order takeout, and enjoy a night of mystery, teamwork, and laughs — no going out required. From twinkling lights to cozy nights in, Las Vegas offers so many ways to make memories this season — whether it’s with your favorite person or your favorite people.

Las Vegas might be known for its bright lights and endless buffets, but there’s another side to the city—one filled with fresh produce, artisan goods, and local charm. Whether you’re a foodie, a weekend wanderer, or just someone who loves supporting small businesses, the farmers markets around town are worth adding to your weekend plans.

Halloween is a time for spooky fun, creative costumes, and sweet treats—a holiday that brings communities together in celebration of all things eerie and festive. From carving pumpkins and trick-or-treating to attending costume parties, Halloween traditions have evolved over centuries, blending folklore, community spirit, and a love for all things playful and mysterious.

When people think of food diversity in America, their minds usually go straight to New York City. But according to a recent study highlighted by the esteemed culinary school, Escoffier, the Big Apple doesn’t take the top spot. Instead, San Francisco claimed first place — praised for its bustling variety of cuisines and holding the title for the highest density of restaurants per capita among major U.S. cities.

Planning a trip to Las Vegas? Whether it’s your first visit or your tenth, it’s easy to get overwhelmed by all the options. As locals, we know how to balance the must-see attractions with spots that many visitors miss. This four-day itinerary blends the energy of the Strip with the character of the neighborhoods beyond it, giving you a true taste of what Vegas has to offer.







