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

Friday, September 14, 2007

Las Vegas Nevada

Las Vegas is a city in Southern Nevada. It is located in the Las Vegas Valley, a desert surrounded by the Spring Mountains to the west, Frenchman Mountain to the east, the Sheep and Las Vegas ranges to the north and the McCullough Range to the south. Las Vegas serves as the center of one of the fastest-growing metropolitan areas in the United States. Las Vegas is renowned for tourism, gaming, a dry and vigorous climate, and an assortment of indoor and outdoor recreational activities. The city is also booming in manufacturing and industrial employment, in the construction of new houses, and in the creation of new service jobs.

Las Vegas is more than just the gaming capital of the world; it's also a fabulous place to live with beautiful neighborhoods, great schools, gorgeous parks, and friendly people. The Las Vegas real estate market is also booming. An appreciation in some housing markets is over 20% for 2005. Las Vegas real estate is still in high demand. The land prices have soared over the past five years. The Bureau of Land Management auctioned off a prime parcel of undeveloped Henderson real estate or 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. The Las Vegas Condos are the hottest selling properties in an already booming marketplace and Las Vegas is fast adopting the urban lifestyle. Pricing ranges from the low $400s for a small studio to the millions for luxury 5,000 square foot penthouse suites with incredible views. Las Vegas real estate incorporates many different communities throughout the valley. From the serene tranquility of Seven Hills to the stylish community of Summerlin, the superb splendor of Lake Las Vegas to the outstanding beauty of Red Rock, there are Las Vegas homes to cater to all your needs. With outdoor activities from tennis to hiking, boating to camping and so much more, this storied region of excitement is so much more than you could imagine. Las Vegas real estate is a hot ticket and now is a great time to secure your very own home here.

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