Everyone is familiar with the city of Las Vegas, and the first thing that comes to mind is definitely the entertainment aspect. No wonder this is called “Entertainment Capital of the World.” Located in a desert area of Nevada, it is the most populated city in the state and is considered one of the main places of recreation But besides the fact that it is a tourist destination, it is also becoming a preferred destination for real estate investors, as more and more families and retirees seek to create their homes in this colorful city.
The average price of homes for sale in Las Vegas for the week ending February 17 was $ 333,406. The average selling price of homes ranged around $ 132,000. The average price per square meter is about $ 163. Per square foot, prices witnessed a 43 percent drop from the previous year. The city was one of the first housing markets to be hit hard by the downturn in the housing sector. However, recent reports show that the market is on the way to recovery due to increased buying activity. Forgotten homes in Las Vegas have long been a calculation.
The city’s economy is primarily supported by such activities as tourism, conventions and games. This, in turn, increases the growth of canteen and retail. The population in the city is growing, and this has caused the growth of the real estate industry. Whether luxury homes or apartments, real estate in Las Vegas has evolved to a large extent.
Of all the neighborhoods in the city there are some who prefer other property buyers. The list includes names such as Canyon Gate, Summerlin, Peccole Ranch, Sunrise Manor and Summerlin South. Of the properties in Summerlin South priced more expensive than others, which is reflected in the average listing price. Summerlin South salons had an average listing price of $ 955,718, followed by Canyon Gate, the average price of which was $ 604,152 for the week ending February 17. Summerlin, located in close proximity to the Red Rock Canyon National Park and the spring mountains, is a planned community, and Summerlin houses are in great demand. Since the early 1990s, the trend of homes has shifted to heights, especially in the southern part of the Las Vegas strip.
If you are interested in buying a property in Las Vegas, you should immediately contact your local realtor. If you are looking for a gay realtor in Las Vegas, you can quickly find on the Internet to find him. Regardless of whether you are looking for luxury homes in Las Vegas, or if you are interested in buying an apartment in one of the high floors, a realtor will help you find the right one.
