| Ever famous for its Tourist appeal, LAS VEGAS | | | | For years, Las Vegas has been the fastest |
| is a 'booming' real estate development 'hot spot', | | | | growing city in history of the U.S, keeping real |
| both residentially and commercially. Las Vegas, | | | | estate demand constant. The Nevada State |
| Nevada is one of the fastest growing cities in the | | | | Demographer's Office released its projections for |
| world. As a result, the real estate and home | | | | the period through 2026. Clark County can expect |
| market is nothing short of extraordinary. | | | | another 1.5 million people, according to the latest |
| Las Vegas, home to 1,825,000 people, welcomed | | | | numbers. Overall, Nevada is projected to grow by |
| 38,772,166 visitors in 2005, was ranked number | | | | more than 1.8 million or 74 percent during the |
| one in the U.S. in real estate appreciation with a | | | | same period. |
| 36% average appreciation rate and a five-year | | | | With approximately 42,000 acres of BLM land |
| average appreciation greater than 84%. As far as | | | | available in Las Vegas (and 6,000 acres a year |
| strength and growth, Nevada continues to | | | | being developed); Las Vegas only has 7 to 8 |
| outpace every other state in the nation in job | | | | years left of developing land. We're already |
| creation, with nearly 76,000 jobs added over the | | | | starting to see a change in new housing with the |
| past year, a 6.8% job growth, highest in the | | | | typical lot size for new homes at 4,000 sq. ft. |
| country. Due to the state attractive business | | | | However, keep in mind that land has begun to be |
| climate, economic stability and strong consumer | | | | scarcer, thus, the reason you see more two |
| confidence, experts predict that the percentage | | | | story newer homes built closely together. Great |
| of job growth will continue. Compared to most | | | | for 1st time home buyers who are looking for a |
| highly desirable areas in the country you can | | | | 'tax advantage' along with pride in ownership. |
| purchase a home in a wonderful area for a | | | | For the future real estate market, I'm still very |
| reasonable price. Las Vegas is a great place to call | | | | bullish about Las Vegas. If you're looking to buy in |
| home. With over 325 days of sunshine a year and | | | | Las Vegas and plan on being here for 3-5 years, I |
| low humidity you will enjoy entertaining outdoors | | | | would say that it is a very good time for you to |
| and the lifestyle Las Vegas has to offer. | | | | get into the market. |