Las Vegas Real Estate

Welcome to the Las Vegas Real Estate Blog. Sit back and relax with us as we take you for a tour through Las Vegas real estate and nearby community information. Visit us online at www.ShelterRealty.com or call today: (702) 376-7379

Thursday, July 26, 2007

Henderson Nevada Real Estate

Henderson Nevada is such a great place to live with a variety of homes for sale at very affordable rates. There are a wide selection of Henderson Nevada condominiums, golf homes, country club homes, active adult retirement communities, manufactured homes, modular housing and custom builders. It is a great place to conduct business and also a great place to raise a family. You can feel and experience a great nature with lots of sunshine, mild winters and a very little rain that satisfy all your needs. Having a mountain range there is a plus factor for those who are interested skiing in the winter, hiking, and a picnic in the pines of summer together with your family and friends. The residents in Henderson also enjoy no state income tax, beautiful neighborhoods, low unemployment, great parks and recreation.

According to census data in the year 2000 there were 71,428 housing units in Henderson. This represents a 181.2% growth from 25,400 in 1990. Of those housing units, 69,587 were located in either urbanized areas or urban clusters, and 1,841 were located in a rural area. Homeownership rate in Henderson is about 70.6%. Henderson's vacancy rate including seasonal lodging is about 6.8% and the average household size is 2.63 people.

Available real estate in Henderson include single family homes, multi family homes, condominiums, town homes, new construction and new development, lakefront homes, golf course communities and a lots of more. The typical rate for condominiums and town homes ranges from $200,000 to $900,000, whereas single family homes for sale typically range from $250,000 to $4,000,000. On the low end, Henderson housing can start as low as $150,000 and go up as high as $12,000,000. The average land for sale in Henderson ranges from $700,000 to $2,000,000 per acre. The real estate market offers a wide range of housing options. From beach front homes and condominiums. To family neighborhoods and luxury country homes that are only a short drive from downtown.

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Monday, July 16, 2007

Las Vegas Real Estate

The Las Vegas real estate housing market has seen fabulous growth over the last several years. Today that growth is still apparent with homes in Las Vegas still appreciating at very high rates. There has been talk throughout the country about how real estate markets are ready to explode. This might be so in other real estate housing markets with increased mortgage interest rates, building cost and unstable economy, but the Las Vegas real estate bubble is no where near ready to pop.

The homes and condos in Las Vegas along with multi family units have been selling at near record rate for 2005. Las Vegas builders have continued to see record sales of their new homes and condos. The extravagance high rise condos scheduled for release have sold out within days of offering their pre construction sales. Typically when a real estate bubble is ready to burst none of these record sales and economic trends occur as they have in the Las Vegas real estate market.

The Las Vegas housing communities like Seven Hills, MacDonald Highlands, Lake Las Vegas, Rhodes Ranch, etc. have seen record numbers in homes sold over the last year. Economists have suggested that Las Vegas will continue to see record in terms of their real estate appreciation rates over the next several years. The projection of over 100 new developments of luxury condos and new homes on the planning board also indicates that Las Vegas real estate is probably the most stable real estate housing market in the United States. It has about 12,000 people per month moving in and about 5000 per month moving out. This leaves a net of around 7000 people per month for net growth. The unemployment rate in Las Vegas is one of the lowest in the nation. The economy is one of the big factors in Las Vegas real estate.
In buying a real estate especially in Las Vegas, one must consider several factors before purchasing it…
  1. You should know the economic status of the city.
  2. You must consider the cost of living.
  3. Try to look at the job market.
  4. Find a school that suit your kids.
  5. You must think if the city offers you and your family a good quality of life.

Las Vegas real estate gives you a total satisfaction which you won't forget.

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Saturday, July 14, 2007

Things to Do in Finding a Best Las Vegas Real Estate Agent

First, just make sure you do not go with the first real estate agent you meet. Search around and really check the background of the agent before you go with them.

Second, if you're searching for Las Vegas real estate investments just to be sure to go with a brokerage that specializes in that market. Not every brokerage is up to date on the finest investment and preconstruction developments in the city and this can be dangerous for the investor.

Third, several Las Vegas real estate agents are aggravated by their bottom line instead of their clients. Remember all Las Vegas developments pay differently and many times the bad projects pay more because they're harder to sell. If you're not careful you can get caught with a terrible investment while making your real estate agent a vast commission.

The outcome is not all Las Vegas real estate agents are created equal and if you're not careful you can get an agent that is not well educated in the preconstruction, vacation home, or investment real estate industry.

On the other hand, when you invest in real estate in or around Las Vegas, just be sure to compare property values and rents. Financial statistics only go so far and the best measure of a property's market value is frequently the sale prices of nearby properties of the same size and condition. The same holds true for area rentals. A low price can frequently be justified by a sensible rent and renters who can afford a high rent can afford to buy instead, so sensibly priced rent is a need or the renters will just buy their on property.

Tax laws may change so don't base your tax investment on current tax laws. The tax code is constantly changing and a good investment is a good investment regardless of tax kick backs. The right property with the right financing is what you should look for as an investor and not tax breaks. You must master one form of investing before moving on to the next. Start in an investing form you know. Whether you focus on fixer-uppers, foreclosures, starter homes, low-down payment properties, preconstruction condominiums, or multi unit apartment buildings, you'll gain from experience by specializing in one aspect of the investment real estate industry before moving on to the next.

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Friday, July 06, 2007

Las Vegas Nevada

The city of Las Vegas was born on May 15, 1905 in a marathon land auction which lasted two days and sold 2,300 lots for a total price of $265,000.Within one week a huge tent city came to life on the desert floor. Housed within these tents were a post office, a saloon and gambling hall, hotels and a bank.

It is called the gaming capital of the world and also a fantastic place to live with beautiful neighborhoods, great schools, gorgeous parks, and friendly people. There are lots of new homes, resale homes and condos for sale with a wide alignment of choices.

Las Vegas has boomed under the wise leadership of our local governments and is the fastest growing metropolitan area in the United States today. Business and industry are relocating from across the country because the overall business climate is one of the best in the nation. The key factors of the economic growth include no state income tax, no corporate income tax, and a moderate cost of living.

Las Vegas land prices have soared over the past five years. The Bureau of Land Management auctioned off a prime parcel of undeveloped Henderson real estate for an amazing $287,000 per acre in June of 2004, and on February 5th, 2005 they auctioned off another 1700 acres of vacant land for a record breaking $298,000 per acre. By the end of 2005 prices on residential land rose to over $600,000 per acre. In 2006, despite media hype to the contrary, prices stayed relatively stable in all segments of the market. As of the beginning of 2007, over 6,000 people per month are still moving into the Valley, and experts are forecasting a labor shortage for the years ahead due to the mega projects just coming on line.

At present, the Las Vegas land sales are booming with the Las Vegas Valley which consists of Las Vegas, Henderson, Boulder City and North Las Vegas, is a part of the high desert and is ringed on all sides by colorful mountains. Within the area there are miles of undeveloped vacant land mostly belonging to the federal government or Bureau of Land Management. In the first half of 2004 prices shot up dramatically for vacant land as the builders all scrambled to assemble parcels large enough to construct tract housing on.

Some Facts about Las Vegas City:

  • The average year round temperature is 67 degrees.
  • Hotel room’s occupancy averages 91 percent annually.
  • Southern Nevada including Primm, Mesquite, and Laughlin has over 142,000 hotel rooms and is growing almost daily. Vegas accounts for 124,000 alone with nine of the ten largest hotels in the world.
  • 851 flights a day deliver over 2.4 million city visitors each month through McCarran Airport making it the eight busiest airports in the world.
  • Vegas are the 5th most popular foreign travel vacation destination in the world. It's also the top summer destination in the United States and the top Gambling Destination in the whole world!
  • Over 30 million people visit here annually. Almost one in five are "forced" to come for a convention. Around 100,000 held Vegas weddings last year!
  • It is only a 5 hour bus or car drive from Los Angeles, California. Mesquite and Laughlin are each about 1 hour distant. More tours to the Grand Canyon, one of the most popular local attractions, leave from this city than from any other.
    There are nearly 1000 taxis, 330 limos & 32 bus routes in the city.
  • Over 1.41 million residents call Las Vegas home!

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