The Las Vegas real estate market is hotter than ever. Record low interest rates are driving sales with scarce resale inventory available for eager buyers. Many of those buyers are migrating from other states, looking to take advantage of Nevada’s lack of state income tax, sunny weather, and affordable cost of living.
For the Cho Family, who moved here from Minnesota in March of 2020, the dream included finding the perfect home and opening a new business. They owned Chick-fil-A franchises in Minnesota and planned to open a store on South Las Vegas Boulevard. They wanted to live in a community where they could get to know their neighbors, and their two daughters could play safely outside.
“We really wanted to feel a sense of community,” Henry said. “This was as important to us as the house we chose to make our home.”
The Cho's agreed that they needed at least five bedrooms and wanted more than 2500 square feet. It was also important for them to have a game room upstairs for their girls. Henry really wanted a chef’s gourmet kitchen, as he loves to cook. It became clear early on that the Cho’s were leaning toward buying new and I learned that their home in Minnesota had been new construction.
“We really enjoyed the process of designing every detail from scratch and making it our own,” Jennifer said.
Shortly after we connected, we toured several new home communities in Henderson and Summerlin. The Cho's traveled back to Minnesota and were close to making a decision, however, backed off because the logistics didn’t work. They still had to sell their home in Minnesota. The timetable and down payment had to make sense.
Then I sent them the floorplan for a home in Reverence, by Pulte Homes in Summerlin. The home checked all their boxes and was within their price point. Not to mention, it was minutes from Downtown Summerlin, hiking at Red Rock, and a guard-gated community with a pool and community/fitness center. From that point on, everything seemed to fall into place. They put down their deposit in July 2019, and construction began on their new home. Little did we know how the world would change in the coming months.
They began preparing for the move. Construction also began on their new Chick-fil-A store on South Las Vegas Boulevard. By the time COVID-19 hit in spring of 2020, there was no turning back. They closed on their home in March of 2020, and their new store opened in July.
“In only a year’s time, we’ve met so many wonderful people in the Las Vegas community, including our neighbors in Reverence,” Henry said.
The Cho family’s new business created 130 new jobs in Las Vegas in 2020. Not only have they found their community, but they have also become an integral part of elevating it and making Las Vegas a better place for other families, as well.
Cristi Jessee is a former broadcast news journalist. She is now a licensed REALTOR ® with Keller Williams Southern Nevada (NV RE Lic# 0185049)