Las Vegas Homes for Sale
Las Vegas is commonly known as “The Entertainment Capital of the World” and hosts over 30 million visitors per year. It is famous for its massive casino resorts. Established in 1905 and officially became a city in 1911. With the growth that followed, Las Vegas became the largest U.S. city founded in the 20th century It is the 28th largest city in the United States. The metropolitan area is currently the fastest growing one in the nation with a population rise of nearly 25% from 2000 to 2006 along with a lot of new Las Vegas homes being constructed. The metropolitan area consists of the cities of Las Vegas, Henderson, North Las Vegas, and Boulder City. Currently population in Las Vegas is about 1.8 million.
In 2008 the year end average sale price on the single family Las Vegas homes is $285,934. The same 2008 year end average for condos was $202,227. This number is lower than previous years due to the record number of foreclosures and short sales of Las Vegas homes and condos/townhomes.
While the prices have come down the number or Las Vegas homes and condo closings are up. January 2009 reported the highest number of closings in January for the last 5 years. The Las Vegas MLS statistics reported about 2300 closings for single family homes. This is more than double the number of single families sold last January. Las Vegas condos and townhomes had over 400 closings and confirmed that January 2009 had roughly the same amount of closings compared to January 2005 and January 2006. This is was significantly higher than years 2007 (just over 300) and 2008(less than 200).
If you have considered owning a home in Las Vegas or buying a Foreclosure/REO or short-sale as an investment property it would help you to know what the median rental prices are for Las Vegas rentals. We can help with that information. We get this information sent to us on a monthly basis. According to the GLVAR (Greater Las Vegas Association of Realtors) a typical Las Vegas house with 2 bedrooms has a median rental price of $950/mo. A typical 3 bedroom home has a median rental price of $1,200. 4 bedroom Las Vegas homes have a median rental price of $1,500.
The is very large and using a SUPER agent will save a savvy buyer time, frustration and even money. Mesquite Realty has worked with people moving from Las Vegas to the Mesquite Area and many, many more moving from their Las Vegas homes to our Mesquite homes. If you need more information on Mesquite NV or Las Vegas NV you have come to the right place. Contact us via phone or by filling out our contact form.
Las Vegas Nevada MLS Listings
Fill out the form below, and you will receive a customized set of Las Vegas homes currently on the listings that most closely suit your needs.
