There's Never Been A Better Time To Buy!

 TIME TO BUY IN VEGAS! 

Southern Nevada’s economy remains stronger than most metropolitan areas, with steady job and population growth.  According to Las Vegas Perspective, Clark County added more than 96,000 new residents in 2007.  This bodes well for the long-term strength of the local housing market.  The Las Vegas valley continues to be a leader in job creation and has one of the lowest unemployment rates in the nation.  Over the next three years nearly 20,000 hotel rooms will be added to our city, representing approximately 41 billion dollars worth of new construction. Of course, these economic factors fuel demand for housing and offer more opportunities for newcomers and existing residents to own their own home. For every hotel room added, the Las Vegas Convention and Visitors Authority estimates 1.8-1.9 new employees will be needed.

Recent increases in foreclosures present opportunities for buyers as well.  When lenders are forced to foreclose on a property, they typically are motivated to sell that property as quickly as possible to recoup their investment.  This presents bargains for buyers. For more detailed information, click on the Foreclosure Tab at the top of the page.

Above are the current statistics for the entire Las Vegas/Henderson Valley between May 31, 2008 and June 31, 2008.  These numbers indicate where homes are being sold, the average sales price, and indicates where the hot spots are in the valley.  If you would like a monthly newsletter to include updates like these, submit your request below.