How Will the New A's Stadium Change the Real Estate Market on the Las Vegas Strip?

In the lively city of Las Vegas, construction of the new Athletics stadium is about to begin. With the ballpark set to rise on the historic site of the Tropicana Hotel and Casino, many are wondering how this will affect the real estate market, especially for home buyers and sellers. The stadium, set to open for the 2028 Major League Baseball season, promises to bring new life to the Las Vegas Strip.

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The Problem: The Market May Get More Competitive

With this exciting new development, the local real estate market around the Las Vegas Strip may become more competitive. The stadium is part of a massive plan that includes a casino-resort and will occupy nine acres of the 35-acre Tropicana site, with the remaining land reserved for further development. This is set to attract more people and businesses, leading to an increased demand for homes in Las Vegas and Henderson.

Key factors influencing the market include:

• The stadium will host up to 33,000 fans, increasing foot traffic and interest in property nearby.
• Plans for a resort, including new hotel towers with over 3,000 rooms, may lead to more tourism and demand for short-term rentals.
• Clark County's approval of zoning changes indicates a pathway for further commercial growth.

Why Home Buyers and Sellers Should Care

For home buyers, the increasing demand for housing around the stadium means the market could heat up, raising prices and limiting choices. Sellers, on the other hand, might find themselves in an advantageous position, as new developments make their properties more desirable.

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The Agitation: What This Means for You

The stadium's construction promises growth but also challenges. As more people flock to Las Vegas to enjoy the games, the city's real estate market may see a rise in prices and competition for homes. Here's how this may impact you:

• Home Buyers: The opportunity to own a property near vibrant entertainment and advanced infrastructure increases, but buying will become more competitive.
• Sellers: With more buyers interested in homes near the Strip, you could sell at a higher price than a few years ago. However, the influx could mean you need to act fast to capitalize on appreciation.

Comparing Past and Future Trends

Construction of this scale reshapes communities. Just as new structures in the past led to bustling neighborhoods and a bump in home values, the same might happen in Las Vegas. Interest in vibrant communities, those coupled with entertainment and easy access to amenities, is high, and it could impact how the city's real estate market evolves.

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The Solution: Smart Steps for Home Buyers and Sellers

While the market will shift, there are ways to navigate these changes. Here's how home buyers and sellers can make the most of the situation:

1. For Home Buyers: Stay Informed and Strategic

• Explore neighborhoods close to the stadium for potential growth.
• Consider securing a home before construction is complete, as prices may rise further afterward.
• Use facetime and video communication to view properties quickly, allowing for faster decision-making in a competitive market.

2. For Home Sellers: Timing and Presentation

• Consider listing your property as the stadium's completion nears, when interest might peak.
• Ensure your home stands out with a professional market analysis and property evaluation.

3. Both Buyers and Sellers: Traffic and Transportation Planning

• Be ready for changes in traffic patterns, as a new stadium brings more cars to the area.
• Familiarize yourself with plans that include new transportation options like shuttle services, ride-hailing zones, and potentially even the Boring Co.'s Vegas Loop.

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What If: Envisioning the 2028 Market

With the stadium completion pegged for 2028, here’s what the market might look like:

• Increasing Home Values: As the area becomes a hotspot, home values may see a significant rise. Buyers investing now could see their investment grow as Las Vegas turns into a major sports and entertainment hub.
• Rise in Short-term Rentals: The influx of tourists attending games could boost demand for short-term rental properties.
• Potential Glitches: Construction and increased traffic might cause temporary inconvenience, but infrastructure improvements in the works aim to handle this well.

Ultimately, whether you are buying or selling a home, positioning yourself near the new A's stadium could be both a challenge and an opportunity. The Las Vegas real estate market is gearing up for some fun changes ahead, and being well-prepared can ensure you make the best decision as the city continues to evolve. By staying informed and working with knowledgeable professionals, both buyers and sellers can confidently navigate the road to 2028 and beyond.