Home » Research Center » Research Center Data » Leasing » Commercial 
May. 21, 2013

WinCo to Open Two Las Vegas Stores; Overall Home Sales Have Hit Record Highs in 2011 as New Home Sales Plunged

By Alex Girda, Associate Editor

WinCo Foods is about to open two brand new stores in the Las Vegas area with a tentative opening slated for March of this year. One of the two stores is being rapidly developed at the Stephanie Street and Wigwam Parkway location. The Las Vegas Sun reports that the new stores will open with a number of 150 to 200 employees each.
The Stephanie St. store is being constructed according to plan and will most likely open the 92,000 square feet to customers at the beginning of March. Another WinCo Foods store is set to open in a location at the Las Vegas Beltway and Decatur Boulevard. WinCo Foods handles fresh produce, meats, fish and goods at discount prices.
In other real estate news, statistics indicate that 2011 has set a new record for home sales as 2009’s 46,879 transactions were overtaken during last year’s market. However, the new record, of 48,186 sales is no indication of an improving market. In fact, new home sales have taken a very serious fall from 2006 when 39,000 new homes traded hands. In 2011, only 4,000 deals were perfected for new homes.
2011’s figure is, according to BusinessInsider.com, the lowest new home sales have seen ever since tracking by the Home Builders Research first began in 1988. Las Vegas still is the national leader in terms of foreclosures and the fact that this is the year with more transactions than at the height of the bubble is telling to the peculiarity of the Vegas housing market, Business Insider pointed out.

Comments

comments