Henderson’s fifth Costco location is almost ready to open! Today I’ll bring you an update on that progress, plus a market update for the Las Vegas area.
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Today I’m reporting from the Costco construction site here in Henderson. Opening November 8, 2018, this 148,000 square-foot development marks what will be the fifth Costco in Henderson, and I’m sure all the area members are excited about the prospect.
In addition to updating you on the progress of the wholesale club’s construction, I also wanted to fill you in on the real estate market activity we’ve been noticing.
In the Las Vegas market, we have around 7,900 homes for sale, which is up almost 29% from this same time last year, where we had around 5,200 homes on the market.
For properties going under contract, we’re at a low of 3,265; this is the fifth straight month of decline for pending listings. This appears to be a trend that is likely to continue.
"This is the fifth straight month of decline for pending listings, and it appears to be a trend that is likely to continue."
If you’re a buyer, this is a great time to take advantage of historically low interest rates. Also there are more choices for you, given the increase in inventory we’ve seen.
If you’re a seller, there’s still time to capitalize on our great market; we still have a healthy supply of homes compared to the national average.
For any questions you have or if you need help buying, selling, or investing in a home, please feel free to reach out to us. We’d love to help you out.
(Trivia answer: Costco’s top-selling item is Costco toilet paper. They sell 1 billion rolls per year—that’s enough to wrap around the earth 1,200 times over!)