ResalesLas Vegas Still On A Housing Roll
Like inexpensive air fares and hotel rates help bring in the gamblers, low interest rates are bringing buyers to the booming Las Vegas real estate market. Especially good is the resale market.
"Las Vegas is an exciting, high growth area with a desert climate, very reasonable cost of living, and excellent real estate appreciation," says Realtor Sharon Durdel. "Our market remains very strong, with good appreciation, and low interest rates. Thousands of newcomers choose the Las Vegas Valley each month. Developers are finding it more difficult to find land for new homes which is driving the price of resales up."
Known as the fastest growing county in the nation, Las Vegas has emerged as one of the best places to live and work in the United States, says Durdel. "A new study released by economist Howard J. Wall at the Federal Reserve Bank of St. Louis ranked the Valley as the "most livable metropolitan area," says Durdel. "The Valley will offer you a great place to live and play! The Las Vegas sunny days and balmy nights, scenic wonders, dazzling nightlife, fantastic restaurants and unlimited recreational opportunities, plus the 24-hour excitement, the lifestyle is simply unbeatable.
She explains, "The Valley has strong economic and employment growth. Southern Nevada is emerging as one of the most dynamic business centers in the Southwest. We also enjoy a favorable tax climate - no corporate income tax or franchise, inventory or unitary taxes. There is no personal state income tax - tourism accounts for almost one-third of the state"s annual tax revenue Las Vegas is an great place for working, operating a business, or retiring."
Say Realtors Peter Griffiths and Linette Coles, "Almost 20,000 resale single family homes have sold in Las Vegas in the last 12 months. They have ranged in price from $89,000 to $3,000,000. Las Vegas is noted for it"s upper-end properties that sit on beautifully manicured golf courses. It also has attracted developers who are building high-rise living close to the fabulous Las Vegas strip. Whether you want to be close to the action or would prefer to live a more solitary lifestyle....Las Vegas has it all."
"The city of Las Vegas is located in a high valley in the Southern area of Nevada," explains Realtor Eileen M. Engel. "Known for its famous "Strip", Las Vegas offers families wonderful communities to meet all lifestyles and all price ranges. Nevada is considered a tax-friendly state and Las Vegas can be considered a star in that state. From country club living to Nellis Air Force Base, home of the "Thunderbirds," Las Vegas provides so many types of housing... outstanding retirement communities, master-planned Summerlin and Southern Highlands (and soon Aliante) and starter-home markets as well. You can ski at Mt. Charleston or boat at Lake Meade...all within easy reach of most parts of the valley."
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