Las Vegas Homes Watch

Thursday, August 11, 2005

A look at the Majestic

Majestic, as Vegas is part of the Conrad Hotel - the luxury brand of the Hilton Hotel Family and offers both The Residences and The Manor commencing on the 31st floor of the 655' tall Majestic Tower.

The Residences offers spectacular views from all units. It has elegant European two-story lobby and entrance with concierge, doorman and valet. You can relax in the Tri Level infiniti pools, Jacuzzis and cabanas. You also have access to the Club Majestic, Health Club/European Spa and Business Center.

The designer kitchen with Poggenpohl cabinets with granite countertops is joy to behold.

Wednesday, August 10, 2005

Rental or For Sale Las Vegas Real Estate Has It All!

Las Vegas has a number of reputable professional real estate companies that help people find rental property as well as affordable homes to buy.

Las Vegas offers an unlimited choice of housing ranging from reasonably priced homes to multi-million dollar homes. 34% of the total population is staying in rental accommodations, of which 85% prefer apartment complexes. In 2004 the average price of the house was $321,768 compared to that of$331,634 in 2005, which means an increase of $9,865 in two months.

If the present market trend continues then this year could see an 18% price rise. The number of resale house has gone up from 1,500 units in February to 1,600 units in September 2004.

Due to heavy appreciation the house owners were tempted to sell their houses. This led many builders to reduce the prices of their homes. If the trend continues then prices may soften and it may once again become possible to buy more reasonably priced homes in Las Vegas.

Monday, August 08, 2005

Handling The Growth - The Las Vegas Way

Las Vegas real estate market has seen a healthy appreciation in the past 7 years. More and more people are thinking of retiring in Las Vegas. Limited resources have put a brake on the growth pattern. Water, power and pollution are the main concern over here. Limited supply and increasing demand are increasing the value of the property. The ever growing population and increasing tourist are putting a great pressure on the transport system which in turn has to construct more and more new through fares or widen the existing one

To handle the additional 30 million passengers every year a second airport is coming up near Jean in south Las Vegas on 6,500 acre of land. One of the factors responsible for the real estate price rise is the job market. The city saw 47,500 new jobs while housing permits for the same period was 32,156.