s another year comes to a weather’s perfect. The Las Vegas
close it’s a great time to real estate market reflected just
ponder what 2007 will bring that last year.
to the Las Vegas real estate
market. Perhaps 2006 reflections Based on the most recent Las
will give us a clue of what we Vegas real estate market
have to look forward to. information collected from the
MLS records it appears that the
There’s more to Las Vegas than house prices in the Las Vegas
neon lights, casinos, and late real estate market are still very
night entertainment. It’s also a close to what they were in the
wonderful place to put your roots latter part of 2005.
down. Here is a state with no
state taxes, low unemployment, During 2006 the Las Vegas real
lots of recreation and parks, and estate market saw the average
terrific neighborhoods to raise single family dwelling was
your children in. And it’s selling around the $340,000 for a
apparent that this little secret one bedroom home, $370,000 for a
is out says the Las Vegas real three bedroom home, and $520,000
estate market of 2006 statistics. for a four bedroom home.
If you prefer the look and feel The Las Vegas real estate market
of a country club atmosphere just also saw town homes and condos
head to North Las Vegas and check come in around the $250,000
out the North Las Vegas real figure. And although no numbers
estate market where you will find are presented for commercial
planned communities designed for development there was at least a
active adults that want to make 20% increase on average over what
Vegas their home or perhaps even the Las Vegas real estate market
retire here - after all the saw in 2005.
family.
It’s interesting to note that
although the selling price for Then there is one third of the
2006 was up the Las Vegas real market that fits the criteria of
estate market saw a decrease in wealthy. This group finds their
the actual number of homes that home in Vegas for a variety of
sold although for those houses reasons – entertainment, business
that did sell more than 65% sold and investment opportunities,
in less than 60 days. climate, and location. Whatever
the reason that brings this group
You might be surprised to to the area to explore the Las
discover that the average family Vegas real estate market they
income for 2005 was just over know exactly what they want.
$50,000 and the medium household
income average was around The Las Vegas real estate market
$45,000. These numbers would is a lucrative market that can
indicate that the average provide a home now and an
purchasers where not wealthy but investment for the future.
in fact living on a modest
income. Copyright © 2007 Joel Teo. All
rights reserved. (You may publish
The Las Vegas real estate market this article in its entirety with
caters to three different markets the following author's
two of which fit the average information with live links
earnings criteria – those that only.)
have retired living on a fixed
income and your average younger
About the Author:
p>Joel Teo writes on various financial topics including Investment Properties in Las Vegas. Learn more about Investment Properties in Las Vegas in our Real Estate
Read more articles by:
Joel Teo
Article Source: www.iSnare.com 
