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In a city that is attracting over
10,000 new residents each month, it is easy to understand why Las Vegas is considered to be one of America's hottest real estate
markets. In fact the supply of new homes is barely able to keep up
with the demand of the market.
When it comes to construction and growth, Las Vegas
places first in the nation. And new
construction homes in Las Vegas are selling at
a faster pace than any other city in America. But strong
competition among builders has kept Las Vegas new
homes affordable. With more than 30 construction companies
in the Las Vegas area, several selling upwards of
200 new homes a year, buyers reap the benefits of economies
of scale.
Until
recently, Las Vegas new construction homes had been selling at a
faster rate than used ones. But recorded home sales are now showing a
more balanced mix of newer and older housing. Today's smart Las Vegas home buyer is wise to discover the value of resale homes in
established neighborhoods. Our Las Vegas Real Estate free MLS
search
 contains every listed home currently for sale.
The effect of all this growth has been a steady
rise in housing costs. Las Vegas still offers excellent home bargains
comparatively, with a median home price at nearly $140,000. Though
the price appreciation is stunning, bargains exist. The Las Vegas
area still offers some of the most affordable housing in the United
States.
Currently the Las Vegas housing market offers more
variety
than ever before. Brand new condominiums selling in
the mid-$80,000's and multimillion-dollar custom estates
are increasingly available. Currently 10,000 resale properties
and hundreds of new construction homes are listed for sale.
Prices are competitive and interest rates are at historical
lows. This is a great time to invest in a Las Vegas
area home. Our Las Vegas free
MLS Real Estate search
, is the perfect place to get
started.
Check out a quick overview of some Las
Vegas communities.
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