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!