The Vegas Real Estate Market

People have been making huge assumptions and predictions regarding the state of real estate on a national level and on several local levels. One area that has seen much discussion is Las Vegas. During the past years Las Vegas real estate boomed like nothing the real estate business has ever seen and naturally there are many people concerned about it's future. Las Vegas has been heavily invested in by people from around the world and these investors have heard rumors about a crash in Vegas real estate and that is simply not the case. Yes the market has slowed down but it is hardly the whole scale crash that was sensationalized in the media.

The main thing that people tend to forget is the fact that over the past few years the Las Vegas real estate market has been anything but normal. Investors have gotten used to the massively inflated demand and value regarding properties. That inflation has added a sense of fantasy to the Las Vegas housing market. It has been a period where what was expected was far above the national average. This is a trend that has been seen across the nation in "hot spot" cities like Vegas, L.A. and Orlando. Realistically there is room for home values to come down in Las Vegas while retaining a value that is far higher than the average American home.

The one thing that investors will never have to worry about is the popularity factor of Las Vegas. This city is one of a select group of cities that is going to maintain it's popularity no matter what happens in the real estate industry. With median home prices up slightly from the past year Las Vegas homes are not dropping in value as the market cools. Owners and sellers are still looking to get top dollar for their homes and while some are selling there are far more that have not allowed for the reduced demand and some homes are languishing. Sellers need to be more competitive in their pricing as those are the homes that are selling. Being competitive in an area that is selling over 1,500 homes a month is an important thing, and is something that sellers should keep in mind. There are buyers out there looking for good Las Vegas homes. Just be sensible about what you are offering at what price

By Melanie Speed

Buying a Home in Las Vegas

Nevada, the silver state, best known for its gambling and gaming industry and is the fastest growing state. Las Vegas, Nevada is probably the most exciting and magnificent city in the country, covers 83.1 square miles and the metropolitan region includes North Las Vegas, Boulder City, Henderson, Mesquite and a large number of unincorporated communities.

Las Vegas is one of the most dynamically developing city of the United States, has very strong economy, increased labor supply in hotel and gambling industry. Clark County, home to Las Vegas and Henderson, hosts the 2nd strongest job market in the nation. This is the reason why so many people move here every day. Owning a home is one of the best financial investments and there has never been a better time to invest in Las Vegas Real Estate. In the Las Vegas area property values seem to increase at a huge rate, most likely Real Estate values in this area will double in the next few years, because less and less new homes are built nowadays and this tendency continues. So, it’s the best time to enter Las Vegas Real Estate market.

Aside from the benefits of the investment, splendor of the nightlife and entertainment, hotels & casinos, thousands of flashing bulbs and neon, or the Las Vegas Eiffel Tower might be very attractive, too. Naturally all these curiosities make the region’s Real Estate section more prosperous. From the quiet calmness of Painted Desert to the stylish community of Summerlin, the gorgeous splendor of Lake Las Vegas to the impressive beauty of Henderson, there are Las Vegas homes of all kinds. The home prices vastly range between $150,000 and $15 million. Condominiums are pretty popular because of their low prices. It is recommended to get information about prices from as many sources as possible, for instance with the help of Real Estate Websites. Compared to renting a home, financially it is more advantageous to buy it. Buying a home means to have the same monthly payment amount for many years, while in the case of rent it may change. What’s more, homebuyer can stop making payments when the loan is paid off. If someone can afford and plans to stay in the house, it is better to buy it.

By Fruzsina Csery

How to Search the Las Vegas MLS Listings

This article is focused towards helping you understand how to do a quick, effective search in the MLS Listings for the city of Las Vegas. Las Vegas, or "Sin City," is one of the nation's fastest growing cities. The real estate market is booming and with the population expected to soar to two million by 2007, it is no wonder why Las Vegas is becoming such a hot market. In fact, casinos are also part of this boom, as they create more and more Las Vegas condos for sale by expanding their properties into private residences. The Las Vegas real estate market is growing rapidly, as there are currently 8000 Las Vegas condos for sale, under construction, or in the pre-construction phase. Statistics show that 5,000 people are relocating to Las Vegas every month.

The Las Vegas Multiple Listing Service (MLS) is a database containing properties for sale. In Las Vegas, the MLS supports about eighty percent of the private real estate market. A service of this kind proves very valuable to prospective buyers – typically a fee is charged to become a subscriber and be able to search the Las Vegas MLS.

The Las Vegas Homes MLS Search gives you addresses and detailed driving directions to new construction and existing Las Vegas homes and condos that meet your specific criteria. Remember: view properties first, and then choose your agent. The real estate listings contain thousands of new construction and existing Las Vegas homes and condos with photos, amenities, asking price, and other important data about the property. The MLS are being updated on a daily basis and the displayed addresses have detailed driving directions, so it's easy to view the properties of your choice.

When searching through the Las Vegas MLS listings you will find property data that is available in the market from expert real estate agents that mediate between buyers and sellers. As the number of properties contained in the MLS rises, the value of the service increases. Right now it's a Buyer's Market in Las Vegas, with the number of homes and townhouses on the market increasing every day at an incredible pace, driving home prices all over the area lower, and making an effective MLS search even more valuable.

Working with the Las Vegas real estate listings is simple. First you enter your search criteria by choosing the price range, number of rooms and other details. Then you select the area in Las Vegas where you want to search or you select "all areas" and the MLS service will give you a tour of all the available properties that match your needs. If you choose to subscribe to the newsletter you will receive new listings on a daily or weekly basis, created specifically for you.

UniqueLasVegasHomes.com is a full-service real estate brokerage with licensed agents. Online registration is free – allowing users of the site to have online access to the Las Vegas MLS and conduct searches for properties in the Las Vegas area. When searching their Las Vegas MLS you will get detailed information including full addresses and all available photos of homes currently on the market. Licensed realtors update the MLS several times a day, ensuring people have the most accurate, up-to-date information to make their home-searching more productive. You can save the different MLS searches based on a variety of options such as price, location, or distance from a particular address, and have access to neighborhood research such as maps, schools and crime.

By Dave Badger

Las Vegas Homes For Sale

Vegas's famously overheated housing market may have begun to cool - the median home price is $308,874 and is predicted to drop to $283,200 by 2008 - but slowing or not, the city still looks every bit the boomtown. Job growth last year was double the national rate, and about 6,000 newcomers arrive every month, an influx that has remained steady for more than a decade. Few of these transplants plan to serve drinks or deal cards: They're here to treat sniffles, write contracts, maintain computer networks, and teach schoolchildren. The fastest-growing job category in Las Vegas is that of professional and business services. According to the U.S. Bureau of Labor Statistics, each new casino job is matched by four others on the outside. The arrival of so many non-entertainment industry employees has transformed Las Vegas into more of a real city and less of a theme park.

Forty million people flood into Las Vegas each year. People have thought once that the Las Vegas civic motto should be the oft-used "Nice place to visit, but they wouldn't want to live there." Now they are having serious second thoughts now. Because so much of the desert surrounding Las Vegas is federally owned, there's hardly any room left for the city to expand. "Most of that land is either protected or owned by the military". The houses for sale in the town's more than a hundred new communities are crunched so close together - usually less than a few feet apart, with minimal front lawns ¡s that newcomers expecting spread-out suburbs are welcomed instead by the concentrated feel of a true city. This proximity has one effect: Las Vegas is starting to feel less like sprawling Phoenix and more like metropolitan Los Angeles .

People don't move to Las Vegas to be closer to slot machines or first in line for Celine Dion tickets. They move for opportunity, both financial and recreational. This kind of opportunity may be more organic in Las Vegas than in any other city on Earth. That puts pressure on its civic planners - the town has huge challenges in terms of energy efficiency and water consumption - but while it has nearly doubled in size since 1990, it is doing better than most cities at managing growth. The average commute takes 24.4 minutes, according to the U.S. Census Bureau, compared with 39.1 in New York City and 29.6 in Los Angeles . The Vegas figure has dropped by almost a minute since 2000. (But you need to stay away from the Strip with your car.) Transportation remains one of the town's open-ended questions.

By Judith Sullivan

Finding Las Vegas Homes

Las Vegas is known as "sin city," as well as the entertainment capital of the world. It is the most populated city of the state of Nevada. It was founded in the first decade of the 20th century. It is considered a major vacation, shopping, and gambling destination for people across the world. Every year, a huge number of people visit Las Vegas, which offers many attractions for visitors as well as local people. Many people also favor to settle in Las Vegas. In the famous city, it is not easy to get an ideal home, since the cost of real estate is quite high.

There are homebuilders providing customized services for the homes. They attempt to create high quality, unique homes that have lasting value and appeal. Homeowners recognize the vast possibilities custom home design provides. It includes a home that is livable, comfortable, unique, and matches their expectations. Generally, custom homes are not expensive as people presume them to be. The homes' features are specified according to the desires of homeowners. People looking for homes can purchase them when advertised for sale.

Las Vegas real estate dealings are growing at a very fast rate. There are many real estate agents that can help people from purchasing or renting homes. Some of the rented homes are fully furnished and have additional facilities, such as swimming pools, pantry, and garage. There are online sites that provide detailed information on real estate properties. They include rental homes or houses, apartments, and condos. People, who are new to the city, benefit from these sites. Landlords also gain simultaneously without putting much effort to rent their apartments.

The Internet helps people get an easy access to accurate and detailed property information. It helps them to make quick renting decisions, which favors their budget. The sites provide the contact number of the agents that enable people, to get relevant information and plan a comfortable stay in Las Vegas.

By Kristy Annely

Las Vegas Homes

Las Vegas homes are in very high demand. They have great value for the price, since the gambling industry is such a big economic boon to the area. Also known as "Sin City," Las Vegas is situated in Clark County, Nevada. It is one of the biggest and most popular gambling, shopping and vacationing places in the United States. The legendary Las Vegas Strip is home to many impressive hotels, restaurants and casinos. The most famous hotels and casinos are the Mirage, the Sahara Hotel and the MGM Grand Hotel. Last Vegas also has a surfeit of cultural attractions including museums and performing arts centers.

Las Vegas is also home to the University of Nevada. It is also known by another sobriquet, the "City of Lights," and has a diversity of housing neighborhoods, many growing in variety and size.

The home prices generally range between $150,000 and $15 million. Whatever the price range or home taste, it is possible to find a home to suit one's needs in the Las Vegas valley. The city has a huge selection of housing choices, ranging from apartment conversions to homes with unbelievable views of the Las Vegas strip. Town homes and condominiums are increasing in popularity because of their economical prices. The average cost of a condominium is $195,000, while a two-bedroom home costs $260,000.

Las Vegas is one of the fastest growing cities in the country, and it is easy to see the reason why. Beautiful year round climate and great entertainment facilities make this area special.

By Kristy Annely

The Las Vegas Real Estate Market is Softening

The housing situation is complicated, delicate and ever-changing. As many American jobs are exported overseas, some people consider relocating. The Las Vegas real estate market is softening, with single family housing prices dropping as much as $7,000 (3.2%) in one month. Since January, housing prices have fallen $21,900 (9.2%), which means that Las Vegas homes for sale are not good for house flippers.

However, if you're looking to relocate to Las Vegas Nevada for the long haul, then you may be in some luck. People who purchased their homes in 2003 are still seeing modest gains. The median price in June is still $52,865 higher (32%) than five years ago. As of June, there were 23,388 listings for single-family homes, indicating a buyer's market.

Southern and northwestern real estate in Las Vegas is a hot buyer's market right now. There are 25 new-home subdivisions in southern Nevada selling single-family houses for less than $200,000. Boulder Ranch in southeast Las Vegas and Silverado Ranch in the south both have a large range of single family detached homes that are well under $200,000. According to "Salestraq", the lowest priced Las Vegas community is Sapphire Springs by Richmond American, which offers a 1,136-square-foot, two-bedroom, 2.5 bath home in the Northern Valley of Las Vegas for just $153,990 (down from $198,990 in February 2007).

The second-best offering is Encantos by Storybook Homes, situated in the Eastern Valley, offering a 1,271-square-foot, two-bedroom, 1.5 bath house for $169,965 (down from $199,240 in February 2007). The next best single-family neighborhoods include: Villas at Cambridge by KB Home in the Northwestern Valley ($174,990), Entrata by William Lyon in Pahrump ($177,000) and Avenues at Tapestry by Astoria in the Northwestern Valley ($179,990). Check out CampbellRealEstateLV.com/blog/?p=24 for an excellent listing of the lowest priced communities in Las Vegas Nevada.

Some people come to Las Vegas Nevada for lifestyle rather than affordable housing. According to The Las Vegas Review Journal, The northwest (west of the 95 Freeway) is the most affluent neighborhood in Las Vegas real estate, followed by Summerlin, the southwest segment near the Spanish Trail Country Club and Henderson West (the southeast part of the Las Vegas Valley). For people who want the Las Vegas hotel style living, there are many gated communities offering country club lifestyles with private golf courses, swimming and fitness facilities, tennis courts and zero maintenance, such as Red Rock County Club, Anthem Country Club, Southern Highlands, Canyon Gate Country Club, Spanish Trail Country Club, Las Vegas Country Club, Lake Las Vegas, Queensridge, Tournament Hills, Eagle Hills, Scotch 80s (near the strip), Country Club Hills, Canyon Fairways and Painted Desert. Summerlin and Desert Shores are said to be the most desirable neighborhoods to live in because they're quiet and affluent hideaways just steps from all the excitement and glamour of the Las Vegas Strip.

Buying at the wrong time was particularly costly for some investors of Las Vegas real estate. People who purchased in 2004 are seeing gains in value, while those who purchased in 2005-2007 during the Las Vegas Nevada real estate boom saw a 34% decline. Seventy percent of people who purchased during those years are seeing negative equity in their homes, says a study by "Zillow".

If you are considering relocating to Las Vegas, then peruse the real estate classifieds for fair buys. Also, check out these websites to see descriptions of the various areas: "Las Vegas Neighborhoods" or "Lv Relocation Guide".

By Mike Selvon