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Las Vegas Resource Guide |
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Las Vegas |
Las Vegas Real EstateLas Vegas real estate has enjoyed steady growth for several decades. New homes and offices are constantly being built on Las Vegas real estate to accommodate the approximately 6,000 new residents moving in every month. In 2002, Money Magazine rated Las Vegas the number one best place to live in America, and the City Crime Rankings has rated Las Vegas as one of the 10 safest cities to live. Buyers of residential Las Vegas real estate are drawn by the high standard of living, low unemployment rate and absence of state and city income tax, not to mention the warm desert weather. The tourism business and corporation-friendly tax laws attract new businesses to Las Vegas real estate.In the residential Las Vegas real estate market, buyers are increasingly seeking existing homes, as newer ones tend to be pricier. In August 2003, the average price of a new home was $206,167, while existing homes averaged $172,000. A real estate market is considered hot if the average time a house takes to sell is under 60 days; in Las Vegas real estate, the average is 36 days. The starting price for Las Vegas real estate currently on the market is $90,000 for a one bedroom home and up to about $165,000 for four bedrooms. Even though there are more than 10,000 Las Vegas real estate agents, the process of buying and selling Las Vegas homes for sale is changing, as more and more buyers make use of the internet in their search for Las Vegas real estate. The MLS for Las Vegas Real Estate Realtors subscribe to a central database that stores information about all available Las Vegas Real Estate listings. Computers and the Internet have made information much more readily available. This means more buyers have access to sellers' listings. Las Vegas real estate agents subscribe to the service, so it is free to buyers who work with an agent. Prepare yourself with an overview about Las Vegas real estate and property market conditions. Then initiate a Las Vegas MLS property search to find all the current homes for sale. Find out more about Las Vegas real estate and living in Las Vegas: The city of Las Vegas at http://www.ci.las-vegas.nv.us/ The city of North Las Vegas at http://www.cityofnorthlasvegas.com/ The city of Henderson, Nevada at http://www.henderson-nevada.com/
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