Coming to Las Vegas ? the Las Vegas Real Estate Boom

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

---

Canal Front Homes in Venice

A bit about VeniceVenice, Florida was named by an early... Read More

Subdividing - But NOT Land!

Many people are familiar with the concept of sub-dividing a... Read More

10 ?No Money Down? Ways to Buy Real Estate

Turn the Television on any Sunday morning and you'll find... Read More

Home Hunting and the Internet

So, it's home hunting time. Where do you start? Who... Read More

Searching For Maui Beachfront Houses?

Who wouldn't want to move into a Maui beachfront house?... Read More

Refinance Rental Property - Dont Sell It

You own a rental property for years, and never see... Read More

The Devine Secrets Of The Ya Ya Lease Purchase Hood

The biggest secret of conducting a successful lease purchase business... Read More

Sell your Property Faster

Learn how to sell your property faster and at the... Read More

Foreclosure

Foreclosure under a mortgage requires a court ordered sale conducted... Read More

Yes But, How Do I Evaluate Buying Undeveloped Land And Get Into The Business?

These real questions on buying undeveloped land are answered by... Read More

Property Investment - Buying A Holiday Home in Cyprus

Cyprus is fast becoming a property hotspot for thousands of... Read More

Should You Use a Property Management Company or Manage Your Real Estate Investment in Florida?

When considering investment properties, first of all, it must be... Read More

New Homes in Ridgefield

Location:Frequent travelers will absolutely delight in this town! As part... Read More

Are Signs Important?

Signage, though quite fundamental in nature, plays an important role... Read More

California Home Seller Disclosure Duties

Property Condition - Seller's What to Expect During the Inspection... Read More

10 Important Tips to Successful Real Estate Investing

When it comes to investing, everybody has certain goals and... Read More

Seven Questions You Should Ask When Buying a Condo Hotel Unit

You may have heard all the buzz about the newest... Read More

Purchasing Property With No Money Down: My Personal Experience

Have you ever seen those infomercials about buying houses with... Read More

How Do I Fix Up a Home to Sell?

The first thing you need to do is stop thinking... Read More

The Real Estate Cycle

The real estate cycle, like the business cycle, refers to... Read More

Safe, Scenic & Secure Sussex County Delaware

As I write this, there is a considerable concern about... Read More

The Ultimate Short Sale Secret

Buying foreclosures can be extremely profitable for real estate investors.... Read More

Investing In Real Estate Investors

With the never-ending changes in our Real Estate Markets real... Read More

Invest In Real Estate - But Where?

Where should you invest in real estate? If you know... Read More

Best Places to Retire

Places to Retire: Popular Doesn't Always Mean "Best"Las Vegas, Nevada;... Read More

Purchasing Florida Investment Property And Various Considerations

Purchasing Florida Investment PropertyConsidering researching the purchase of Florida Investment... Read More

San Antonio Texas Real Estate

The San Antonio, Texas real estate market is still going... Read More

Selling by Owner Tips

Do strangers scare or intimidate you? If you're planning to... Read More

To Buy or Not to Buy

Purchasing a home is a major emotional and financial decision.... Read More

Real Estate Growth: How Long Will It Last?

There has been speculation in the media recently about the... Read More

Be A Realtor With Curb Appeal

Are you a realtor with curb appeal or are you... Read More

How to Become a Successful Real Estate Investor

Many folks dream of becoming real estate investors, but not... Read More

Seven Tips in Choosing Maui Income Properties

Aloha! If you are interested in choosing a Maui income... Read More