Nobody seems to be 'Leaving Las Vegas' anymore ? in fact just the opposite is true. Just as in the time of the rush Las Vegas real estate has been drawing the attention of investors and new citizens alike.
Due to huge increases in home values ? reports of 52% as recently as 2004 ? Las Vegas has been a real estate investor's dream. The heat was on to invest and flip properties for phenomenal profits. With all the investing an ensuing construction boom drove even more workers into the market.
Just like all gambles though the Las Vegas real estate boom started to cool off ? and that may mean better offerings for you.
While many rushed into the market to make fast money the cost of real estate eventually topped out and the slow down of buyers stabilized the market. While still costing more than homes in some areas across the country, Las Vegas real estate listings still prove to be enticing for many who are selling higher priced properties in areas like California or New York and buying affordable homes in a desirable metropolitan area.
While it may be late in the game for investors, Las Vegas still holds attractions for the average home buyer.
Las Vegas is well known for its glitzy city life, mild weather and superior golf courses. However, it is not only a holiday spot or a weekend resort. While some families are making up a portion of the new citizens of Las Vegas the market is strongly moved by retirees who are making use of the low interest rates and reasonable costs to make a move.
What should you know before buying Las Vegas Real Estate? Here are some facts about the city according to the City of Las Vegas website (lasvegasnevada.gov):
? More than 5,000 people move into the Las Vegas valley on a monthly basis.
? In 2004, more than 37 million people visited Las Vegas. Compare this to 1970 when a mere 6.7 million people visited the city.
? A marriage license costs $55 in Nevada. Many couples choose to marry in Nevada because there is no blood test or waiting period.
? Median household income - $47,097
? Golf courses ? 18
? Average minimum temperature - 56.3 F
? Average maximum temperature - 79.9 F
? Annual Sunshine - 294 days
With median incomes comparable or higher to the national average and housing costs still affordable it is not surprising that so many people are moving to Las Vegas.
Buyers are not only basing their decision to buy real estate strictly on availability of jobs. Now people are checking the markets for affordable housing and the shift in population may mean more jobs in that metropolitan area.
With so much to offer and a steady influx of new residents due to the cost of real estate in Las Vegas it is predicted that even with a cooling off of the current market the demand will remain steady for some time.
Shannon Emmanuel is a freelance researcher and writer. You can find out more about real estate investing at http://ask-real-estate-listings.com
Anyone interested in real estate should be able to talk... Read More
Houses can have lots of problemsReal estate investing requires expertise... Read More
As a successful Boston real estate agent, it always puzzled... Read More
Most people who set out to buy a home, be... Read More
In the world of real estate, there is a huge... Read More
Ugly houses can be great investments, but we don't buy... Read More
Places to Retire: Popular Doesn't Always Mean "Best"Las Vegas, Nevada;... Read More
If you're looking at Lease Purchasing as a business, you'll... Read More
Among your many responsibilities as a landlord, the law provides... Read More
Purchasing or selling a home will probably be one of... Read More
The only way to buy a home in Spain is... Read More
In addition to finding the right property, one of the... Read More
Years ago, the only person that could buy a home... Read More
Specific marketing campaigns are no longer just for automobiles and... Read More
As a Professional Real Estate Inspector I get to see... Read More
Do you dream of becoming a multi-millionaire real estate investor?... Read More
Is it your dream to one day own a holiday... Read More
Keeping your existing house when you buy a new one... Read More
Fixtures, related to real estate, are items that were originally... Read More
If you are making the transition from renter to homeowner,... Read More
Do you want to sell your home right away? Don't... Read More
According to research carried out by the Thomson Group, owning... Read More
New concepts in Interior Design Psychology are helping home sellers... Read More
Buy an on-line Tenancy Agreement now. As a landlord and... Read More
One of the great challenges to selling a home can... Read More
Real estate investors specializing in fixers make higher profits when... Read More
Negotiation is where many FSBO home sellers really have problems.... Read More
There are two sides to real estate development feasibility study:... Read More
Higher interest rates and home prices in the past have... Read More
Unlike traditional residential real estate mortgages, real estate investment financing... Read More
Do you dream of making money in real estate? Do... Read More
For the past several years housing prices have risen dramatically.... Read More
Letting agents play an important role in the buy-to-let industry... Read More
Selling quickly is a high priority for some home sellers.... Read More
Home staging is the concept of preparing a house for... Read More
To help you negotiate a fair sale price for a... Read More
Nobody seems to be 'Leaving Las Vegas' anymore ? in... Read More
Chapter OneShe reached the phone on its second ring. "This... Read More
One key that makes investors is conversation or should I... Read More
This home selection checklist is a tool to help you... Read More
How's the real estate marketing doing? Is the huge jump... Read More
If you are thinking of relocating to Maui, this article... Read More
You could be forgiven for thinking that property is the... Read More
From the mountains to the valley, there are many types... Read More
For small business owners, commercial real estate investment is the... Read More
Purchasing Florida Investment PropertyConsidering researching the purchase of Florida Investment... Read More
Interested in investing somewhere other than your back yard?Management companies... Read More
Real estate: availability and costIn 2000, the median home value... Read More
The concept of negative gearing has been originally developed to... Read More
Ireland has recently witnessed an upsurge in the number of... Read More
The thought of selling a house strikes fear into most... Read More
You don't get what you deserve - you get what... Read More
Are you ready for the lesson that will put you... Read More
Human nature being what it is, none of us can... Read More
Selling your own home can be a time-consuming and frustrating... Read More
That's A Funny Thing To Say About Property Auctions; They're... Read More
Realtors are all a buzz about this new form of... Read More
Equity lender, hard money lender, private investor or what ever... Read More
Successful Property Letting And Management is not something that just... Read More
Okay, so we all can agree - listings are the... Read More
If you don't have the time to invest working on... Read More
The Escrow ProcessBoth Buyer and Seller deserve the assurance that... Read More
Even if you're counting on rising property values to eventually... Read More
Alphabet Letters after a person's name seem to bestow some... Read More
What is title insurance and why should any buyer get... Read More
Property Investing often requires creative strategies to make it successful.... Read More
Real Estate |