About Bob Hall

Bob Hall has over 19 years experience in Residential, Commercial, and Industrial real estate transactions. He and his wife Carolyn moved to Las Vegas in 2005 for the exciting nightlife, fabulous entertainment, excellent weather, and booming real estate market. He specializes in spacious, high quality bank-owned properties.

You can contact Bob by calling his office at (702) 465-0543, or by sending him a message.

About Las Vegas

Population & Market Growth
A total of 6,388 new movers came to Nevada in January. More than a third of those surrendering driver licenses and ID cards at the DMV last month came from California. Of the nearly 65,000 new movers who came to Southern Nevada last year, 57% were male and 43% were female. 56% of new movers were between the ages of 19 and 39, while 31% were 40 to 60 years of age. Here is a summary of the top states of origin for 2008 new movers to Clark County.

Department of Motor Vehicles

Tourism
Visitors to Las Vegas totaled 37.5 million in 2008, a 4.4% decrease from 2007. Occupancy rates are also down 4.4% to 86% which is the highest of any major destination in the US. Total room nights occupied fell 2.3% to a total of just under 43 million. Room inventory increased 5.7% last year to 140,529.
Las Vegas Convention & Visitors Authority

Air Traffic
A total of 44 million passengers were processed through McCarran International Airport in 2008, a 7.7% decrease over the prior year. December's passenger count was just under 3.2 million, a 14.1% drop.
Clark County Department of Aviation

Gaming
Statewide gaming revenue dropped 18.9% to $888 million in December. Revenue from Clark County casinos fell 18.4% from the same month the prior year, however North Las Vegas casinos posted a 21.8% increase for the month. Statewide revenue dropped 9.7% in 2008, the sharpest drop in state history.
Nevada Gaming Control Board

Housing & Real Estate
Existing home sales experienced a 72% increase in January over the prior year with 2,737 resales, while new home closings were off 66% at 284. Resale inventory hit its lowest level since September with 20,673 properties listed, or an 8.6 month supply. New and existing home prices decreased 15.3% and 37.1%, respectively.
SalesTraq

Retail
Statewide, Nevada's taxable sales decreased 10.9% in November to just under $3.4 billion. Clark County sales fell 11.3% to $2.5 billion. Despite overall declines in the county, several categories experienced increases, including construction of buildings (67.4%), specialty trade contractors (17.8%), food and beverage st
ores (5.8%) and accommodation (5.0%). Nevada Department of Taxation

Business & Employment
Nevada's seasonally adjusted unemployment rate reached 9.1% in December, the same rate as Las Vegas. The labor force has grown 4.9% in Las Vegas since December 2007, while the total number of people employed has increased 1.1%.
Nevada Department of Employment, Training and Rehabilitation