Las Vegas Real Estate

Las Vegas real estate is really hot. At the start of the year 2000, real estate experts predicted that there would be more than 200 % imcrease in the value of Las Vegas real estate between Jan 2000 and December 2008. In 2003 the appreciation of Las Vegas real estate was 19.2% and in the first half of 2004 appreciated by 30 %. As the Las Vegas real estate prices soared, Las Vegas builders were not able to keep up with the demand of first time buyers and investors vying for inventory. By the end of 2005 the prices of residential lands with utilities was over $ 500,000 per acre. Preconstructed Las Vegas condominiums are now attracting buyers in droves as the Las Vegas strip goes vertical

Las Vegas real estate is quite hot. It is not only the gaming capital of the world but also a fabulous place to live which has beautiful neighborhoods, nice parks, great schools and friendly people. This place comprises of four cities Las Vegas, North Las Vegas, Henderson and Boulder City. Each city has its own unique communities and amenities. There is a lot of choice for new and old homes

Las Vegas has been one of America’s top tourist destination. It is considered to be the largest tourist destination in Nevada. Nearly two million people live in Las Vegas. It has recreational activities which range from snow and water skiing to boating, hiking and golf. There are a number of jobs available in Las Vegas particularly in service, construction and hospitality industries. As tourism contributes nearly one third of the state’s annual tax revenue, residents of this place are not required to pay personal income tax.

This city provides a wide variety of economical housing and an equally diverse makeup of people, culture, geography and climate. Residents are attracted by the housing choices available which range from sprawling ranches to sophisticated Spanish style mansions or high rise condos. The price ranges from $ 120,000 in modest communities to more than $ 10 million in luxurious and upscale divisions.