Patrick Blennerhassett

Las Vegas

Reporter at Las Vegas Review-Journal

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Articles

Clark County population expected to break 3M in 2045, UNLV report says

1 week ago | reviewjournal.com | Patrick Blennerhassett

Clark County is now expected to break 3 million residents by 2045, according to a new report from The Center for Business and Economic Research at UNLV. Last year’s report had Clark County breaking the 3 million threshold in 2042. Does that mean growth is slowing? Andrew Woods, director of the CBER, said this year’s estimate and current projections are still in line with the center’s five-year forecast average, which has the county hitting 3 million residents somewhere between 2040 and 2045.
Redfin: Las Vegas seeing record level of homes on the market for sale

1 week ago | reviewjournal.com | Patrick Blennerhassett

Nearly $7 billion worth of homes are currently sitting on the market for sale in the Las Vegas Valley, according to a new report from Redfin. Approximately $6.99 billion worth of homes were for sale as of the end of May, according to the report. Nationally, $698 billion worth of homes are for sale, up 20.3 percent from a year ago and the highest dollar amount ever recorded.
Elaine Wynn’s Las Vegas condo to go up for sale - PHOTOS

1 week ago | reviewjournal.com | Patrick Blennerhassett

Elaine Wynn’s condominium on Hughes Center Drive in Las Vegas is expected to hit the market early next week for $3.49 million, according to the listing agent. Wynn died in April after a brief illness at the age of 82. She was a leading figure in Nevada’s gaming industry along with being a philanthropic giant and education champion. According to Clark County property records, a company tied to Wynn’s family purchased the home in Park Tower at Hughes Center in 2011 for $3.7 million.
Las Vegas condo sales rebound amid down market, report says

1 week ago | reviewjournal.com | Patrick Blennerhassett

Condo and townhouse prices are rising in Southern Nevada, according to the latest data from Las Vegas Realtors. The median price of a condo or townhome sold in May was $307,000, up 1.4 percent from April and up 4.1 percent from May of last year, according to the trade group, which pulls its data from the Multiple Listing Service. Only 559 condos and townhouses were sold in Southern Nevada in May, a 2.8 percent increase from April but down 19 percent from May of last year.
Millionaire households on the rise in Las Vegas Valley: report

2 weeks ago | reviewjournal.com | Patrick Blennerhassett

The Las Vegas Valley had roughly 879 millionaire households in 2023, according to a new studyThat’s up 166 percent from 2019, when the valley had 331 millionaires, according to the study from Rent Cafe, which is owned by Yardi and used the latest U.S. Census Bureau data. Before the pandemic, approximately one in 10 millionaires in the valley was a renter and as of the end of 2023 that number was one in 33, the study shows.
How many people immigrated to Nevada in 2023?

2 weeks ago | reviewjournal.com | Patrick Blennerhassett

Immigration to Nevada was up in 2023, with the Silver State seeing its highest percentage of moves from overseas in years, according to new data. According to U.S. Census Bureau data shared with the Las Vegas Review-Journal by Brian Bonnenfant, the project manager at the Center for Regional Studies at the University of Nevada, Reno, 27,406 people from other countries moved to Nevada in 2023, making up 22.4 percent of all moves to the state.
Henderson is the third-fastest growing city in the country per capita, study says

2 weeks ago | reviewjournal.com | Patrick Blennerhassett

Henderson is the third-fastest growing city in the country per capita over the past decade, according to a new study. The city’s population grew 22 percent to 324,523, through the end of 2023, ranking it third in the country for cities with more than 250,000 people, bested only by Orlando, Florida (25 percent) and Irvine, California (34 percent), according to a study from Storage Cafe, which uses data from the U.S. Census Bureau.
Californians moving to Nevada increased in 2024, DMV figures show

2 weeks ago | reviewjournal.com | Patrick Blennerhassett

More Californians moved to Nevada last year than in 2023, showing a potential turnaround in relocation trends, according to new data. In 2024, 38,970 Californians moved to the Silver State, topping the 2023 total of 36,507, according to driver’s license surrender numbers from the Nevada Department of Motor Vehicles obtained by the Las Vegas Review-Journal. The high water mark for Californians moving to Nevada was in 2021 (47,376) during the height of the COVID-19 pandemic.
Las Vegas home sales continue to lag as prices remain close to record highs, report says

3 weeks ago | reviewjournal.com | Patrick Blennerhassett

Southern Nevada home prices held steady in May but still close to record highs set earlier this year as sales continue to lag, according to the latest data from Las Vegas Realtors. The median price for a single-family house sold in the region last month was $480,000, the same as April and down from the all-time high of $485,000 set at the start of the year, according to LVR, which pulls data from the Multiple Listing Service. This is also a 1.5 percent increase from May 2024.
Here’s how much you need to make to afford a Las Vegas home

1 month ago | reviewjournal.com | Patrick Blennerhassett

The Las Vegas Valley is the 27th most affordable metro in the country when home prices are compared to income, according to a new study. The median household income in the valley is $75,065 while the median house price is $449,000, which means to buy the average house with 20 percent down, a household would have to have a yearly income of $113,839, according to a new study from Clever Real Estate, which uses data from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis.