Homes For Sale
Throughout the Las Vegas Valley, Las Vegas homes for sale are moving quickly. In 2003, the Las Vegas real estate market broke records in almost every category. A record number of new building permits were issued, and the record for new homes sold was 2,290 more than the 2001 record, a 12.1% increase. Resales were up 30% over 2002 sales. It is anticipated that the market for Las Vegas homes for sale will stay strong until interest levels increase: many buyers are pushing to acquire homes now, while the interest rates are so low. There is more activity in the Las Vegas real estate market than in any other in the country right now.

New Las Vegas homes for sale frequently have to be assigned via lottery, sometimes with hundreds of hopeful buyers on the waiting list in the hottest areas. Resales are strong everywhere, and houses in the low and medium price ranges are often sold within hours of being listed. Most houses under $200,000 sell for the asking price within a week if they are properly priced for the current market conditions. Las Vegas homes for sale in the $350-500,000 range typically sell within three months. The median price of new Las Vegas homes for sale was $209,000 as of December 2003; the median price for resale property was $180,000.

Las Vegas homes for sale in the master-planned communities are most popular and can be hard to come by. Most neighborhoods do not have standing inventory of new releases, and resales must be acted upon right away, as they are snapped up quickly. Retirement communities represent a growing percentage of Las Vegas homes for sale. Overall, the most sales in 2003 were in Sun City Anthem, Siena and Sun City Aliente, all retirement communities.
Investors have been all but pushed out of the new home market in Las Vegas, as it is believed to lower the property value of a neighborhood. People who don't intend to live in a house tend to invest in it less, and the renters they bring in also have less of a stake in upkeep. New home releases typically limit the number of investors who may purchase, and some don't allow any.

More resources about Las Vegas, Summerlin and Henderson homes. Additional resources for homes for sale in the Las Vegas Valley.
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Las Vegas Appraisal Firm Looks Back on 10 Years of Success in the Las Vegas Real Estate Market (PR Web)
Appraisers of Las Vegas.com celebrates its 10th anniversary and looks back on how much the Las Vegas real estate market has exploded in the past decade.Homeowners eye nationwide markets to invest in more real estate (SanLuisObispo.com)
LOS ANGELES - While many would-be homebuyers have been scared off by dire housing market predictions, Debbie Harris has taken out mortgages on five homes in the past 18 months.Despite housing bubble warnings many still chasing real estate deals for investment
The investors say there's no reason to fear the housing market will collapse ? although each purchase increases their risks of losing money if prices do take a dive. "My husband believes there is " said Harris who runs two cell phone stores.Utah Home Values Not Keeping Pace With Average in West (Builder Online)
During the past five years, the cost of real estate and the value of homes throughout most of the western United States has been hotter than Las Vegas blacktop in July. But Utah has been the exception to the rule, ranking dead last in home appreciation values in the nation between 2000 to 2004, increasing a mere 17 percent while the rest of the nation averaged better than 50 percent.Today's Real Estate News (Real Estate News)
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LAS VEGAS -- Real estate analysts predict that perhaps a quarter of the nearly 200 condominium towers proposed in Las Vegas will be built. So who are the consumers who will help these projects succeed? Real estate broker David Ezra has a few clues.Real Estate and Development (In Business Las Vegas)
Clark County is faced with an interesting dilemma.Analysts: Quarter of Proposed Condos Built (Rolling Good Times)
LAS VEGAS -- Real estate analysts predict that perhaps a quarter of the nearly 200 condominium towers proposed in Las Vegas will be built. So who are the consumers who will help these projects succeed? Real estate broker David Ezra has a few clues.Longtime gaming exec named president at Wynn Las Vegas (Las Vegas Review-Journal) (Hotel Online)
Oct. 7--In the first management shake-up since Wynn Las Vegas opened in April, gaming industry veteran Andrew Pascal on Thursday was named president and chief operating officer of the property.Homeowners eye nationwide markets to invest in more real estate (SanLuisObispo.com)
LOS ANGELES - While many would-be homebuyers have been scared off by dire housing market predictions, Debbie Harris has taken out mortgages on five homes in the past 18 months.