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.