Las Vegas Real Estate Market

Real estate experts have predicted that Las Vegas real estate will see more than a 200% increase in the value of Las Vegas homes for sale between January 1, 2000 and December 31, 2008.

In 2003 the average appreciation in home values in many Las Vegas communities was a whopping 19.2%, and in the first half of 2004 appreciation went up an amazing 30% in the most popular neighborhoods.

Las Vegas' Bureau of Land Management auctioned off a prime parcel of undeveloped Henderson real estate for an amazing $287,000 per acre in June of 2004, and on February 5th, 2005 they auctioned off another 1700 acres of raw land for a record breaking $298,000 per acre!

Soaring las vegas land prices mean that the Las Vegas new homes builders are not able to keep up with the demand as both investors and first time homebuyers are battling for available inventory.

Rural Nevada Counties Draft Plan To Keep Water From Las Vegas

The Southern Nevada Regional Water Authority's proposal to pump groundwater from
White Pine and Lincoln counties to quench Las Vegas and Clark County's thirst for
more and more water is facing stiff opposition from the Counties whose groundwater
Las Vegas is seeking to exploit.

The six rural Nevada counties of Elko, Esmerlada, Eureka, Lander, Nye and White Pine
are considering the formation of Central Nevada Regional Water Authority to try and coordinate efforts to keep the water from being to pumped to Las Vegas.

Now, Southern Nevada Water Authority says its plan will not be affected in any way, as it was the first to stake the claim and file applications to use groundwater from rural areas.

We need to wait and watch what is the final outcome of this battle for water.

Stricter Energy Restrictions in Southern Nevada - Homes To Cost More

Homes to cost more because of stricter conservation rules
that is coming into effect from 1st August. The new regulations
could means each home will cost $1500 or more to meet the new energy
efficiency building codes, which follow the International Energy
Conservation Code signed in 2003.

This will replace the 1992 Model Energy Code -- which was based on
the federal Energy Policy Act of 1992. The new policy will come into effect
in Clark County, Las Vegas, Henderson, North Las Vegas and Boulder City.

Building officials say that the new increase in home prices will be recovered in less
than 4 years. That's because the new energy saving devices can save up to $400 dollars
per year in energy bills.