Las Vegas homes have been among the most sought after for years. There are several homes to choose from, including new homes, resale homes, featured homes from foreclosure listings, and luxury homes to name a few. At this time, Las Vegas real estate is considered one of the most prudent and wise investment options. Current purchase prices are low, but based on existing trends, real estate prices are expected to start rising once again here, as there is a steady increase in buyer activity in and around the Las Vegas areas.
Prices skyrocketed from 2000 to 2005. The Nevada Bureau of Land Management auctioned off a prime parcel of undeveloped real estate in June 2004 for a whopping $298,000 an acre, but in late 2005 prices for residential land went up to more than $600,000 an acre. Fortunately, land prices have dropped significantly in recent years, making vacant land purchases affordable again.
Low taxes, year-round good weather, entertainment potential, and geographic location make Las Vegas a popular destination for home hunters. Buying houses in Las Vegas can serve multiple purposes ranging from business ventures to relaxation and recreation. In addition to the famous casinos and nightclubs, there are many other activities that make the Las Vegas area interesting. These include hiking, climbing and skiing opportunities. Both income taxes and property taxes here are among the lowest in the entire country. World class shopping, clubbing, golf and much more are available to appeal to the discerning investor.
For those of you interested in buying houses in Las Vegas, there are numerous websites that list houses to suit different needs. More specifically, you need to find a good multiple listing service (MLS). When accessing an MLS targeting the Las Vegas area, you can enter your preferences and the search results will return all those homes that fit your preferred criteria. Typically, you’ll enter your requirements, such as the type of home (single-family, condos, etc.), price range, number of bedrooms, square footage, etc. Based on your chosen criteria, you will be shown houses from which you can make informed decisions by speaking in more detail with stakeholders.
