The pandemic made some striking changes to how many businesses work, and people work for that matter. This was especially evident in large cities. For Las Vegas, one particular industry did not see much in the way of a slump – quite the contrary.
Cervantes and his team of top real estate agents in Las Vegas, NV, saw an increase across the board with listings – new, sold and pending sales. Cervantes thinks the number of people staying home for work and school likely had something to do with this.
“Suddenly, the entire family unit was at home all day, every day. This meant the necessity of a dedicated workspace for school and work. Many were looking to step up from current living locations for this purpose. Others saw the opportunity to do just the opposite and downsize,” said Cervantes of his real estate agency in Las Vegas, Nevada.
Most surprising in the face of all the listings were the number of homes that sold over the asking price. Many sellers were surprised at the number of offers and opportunities they were afforded. The market has slowed but not too much. Homes within Las Vegas and the surrounding areas are still moving.