Real Estate Listings
In 2004, 37 million people visited Las Vegas, Nevada. But the world-famous casinos, bright lights, shows and attractions are not the only things that attract people to the city. The residential areas in the Las Vegas valley are some of the fastest-growing places in the country. The warm weather and economic health of Las Vegas makes it a nice place to live and work, as well as vacation.
A Las Vegas home evaluation is important in deciding how much a house is worth and determining the market value. Every year, thousands of homeowners sell their home for much less than it's worth. By utilizing a Las Vegas home evaluation, you can avoid this problem.
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| Population 478,434 | Median Age 34.5 yrs | Household Size: 2.66 |
| Avg Home Value: $137,300 | July High: 102.0°F | January Low: 33.9°F |
Las Vegas Home Evaluation
A Las Vegas home evaluation is an important information procedure to have done if you are thinking of buying a home currently listed on the market or selling your current home. With this current market data, from a comparative market analysis of all Las Vegas homes listed or sold in your area, you will be able to determine what the value of your Las Vegas home might sell for if you decided to put it on the market, or the worth of a home you're considering purchasing. The actual worth of a property-it's market value-is determined by what a willing, able buyer will pay for this property based on surrounding recent sales of like properties and what you as the seller are willing to accept.
Las Vegas is a prime real estate market in the United States with the average single family home selling for $354,313 as of March 2005. By far the fastest growing city in Nevada, with a population approximately 500,000 as of 2002, Las Vegas is one of the fastest growing urban areas in the United States. Revenue from gambling, entertainment, theme parks, and other tourist industries form the backbone of the economy, although in the 1970's diversified industry began to play a more important role. This continued growth has resulted in an average 7.7% increase in Las Vegas home evaluation, with a 12.5% increase in property sales from 2002 to 2003.
Meet the Neighbors!
Henderson
Named the fastest growing large city in America by the U.S. Census, the nearby
city of Henderson is recognized as the gateway community into the Las Vegas
region. Separated by mountains and desert from Boulder City and the Lake Mead
Recreation Area, it forms the southern edge for the fastest growing metropolitan
area in the United States.
The city's population of 207,640 (April, 2002) ranks Henderson as the second largest city in Nevada after it overtook Reno in December 1999. Located just 7 miles from the famous Las Vegas Strip and a mile from the beautiful Lake Mead, Henderson is known throughout the nation for its premiere master planned residential communities, outstanding parks and recreational facilities, cultural activities and a rapidly growing business community.
Summerlin
One of the largest master-planned communities in the United States, Summerlin
is considered a premiere place to live in Las Vegas. Located in the northwest,
this self-contained community is an easy commute to downtown and the strip via
the Summerlin Parkway and Beltway. Summerlin is comprised of many different
"villages" with starting in the low $100s all the way up to $3 million.
The fabulous "Resort At Summerlin" Hotel/Spa/Casino adds to the glamour
and prestige of this fabulous community.
Sun City/Summerlin
In Summerlin, Del Webb's "over 55" community is an extremely active
community of approximately 2,500 homes with two beautiful golf courses. With
adjacent shopping and Summerlin Hospital only five minutes away, this Sun City
is an easy environment to fall in love with (incredible views of golf, mountains,
and the city). The community has both villas and detached homes priced from
the low $100s to the high $400s.
Final words on selling
In addition to supply and demand, your Las Vegas home evaluation, and other economic factors, the time of year you choose to sell a home can make a difference both in the amount of time it takes to sell your home and in the selling price. Weather conditions are less of a factor in Las Vegas than in other parts of the country. Generally, the real estate market picks up as early as February, with the strongest selling season lasting through May and June. July is often the slowest month for real estate sales due to a strong spring market putting possible upward pressure on interest rates. Also, many prospective home buyers and their agent take vacations during mid-summer.
A Las Vegas home evaluation will prepare you to enter the competitive market of Las Vegas real estate. Enlist the services of a real estate professional to ensure you get the best deal on any home you are buying or selling.
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®