Real estate in Las Vegas...

[Sly_RJ]

What's the real estate market like in Las Vegas? My Russian cabbie was hitting me up for all kinds of porn site information so I turned the tables and grabbed some Las Vegas real estate information. It sounds pretty solid.

Anyone have some information? Basic prices for a decent 3 bed house in a family neighborhood, etc. Any information or links I could get on this would be appreciated.

[Peaches]

I do know that Nevada was the fast growing state for the 17th year in a row. I would suspect that RE there would be a great investment for rental and resale value. There are a ton of webmasters who live there - you need a good hookup with a reputable agent.

[Sly_RJ]

Buying what I want here in San Diego is going to be $350-450k. San Diego is hot as shit right now. But if I can pick up 2 houses for the same price in another hot market, I wouldn't mind taking a better look into it.

What's better? One house at $400k or 2 houses at $200k a pop?

[EscortBiz]

Originally posted by Sly_RJ
Buying what I want here in San Diego is going to be $350-450k. San Diego is hot as shit right now. But if I can pick up 2 houses for the same price in another hot market, I wouldn't mind taking a better look into it.

What's better? One house at $400k or 2 houses at $200k a pop?

Well I think (im no real estate expert) that a house in San Diego will go up faster and more than a house in Vegas or 2.

Also check realtor.com for vegas

[Sly_RJ]

I think I agree there. I'm looking at a little bit longer term though. Las Vegas seems to be exploding, quick. In 5 years my $200k property could be worth $350k. Like I said, I haven't seen any figures yet, but I'm pretty interested in this possibility.

[hottoddy]

Just wait a few years until they start packing Yucca Mountain with tons of spent nuclear material. A mere 100 miles northwest of Las Vegas, a stiff breeze will bring the sweet smells of radioactivity. That will be the time to buy.

[Sly_RJ]

Nobody has checked into the Las Vegas market? I have a hard time believing that...

[Mr Pheer]

I bought my house for $275k last january
Everything in my house had been replaced, repainted, and had new tile and carpet, and new appliances. It was just like a brand new house when I moved in.

A house right across the street just sold for $320k and its the same size as mine, and has a smaller yard.

I was reading a magazine the other day that says my zip code is appreciating at 5.8% per year, I guess thats not bad.

[Sly_RJ]

I think I've seen pictures of your house before. If I'm remembering the right pictures, your house is probably $600-800k here. Thanks for the information, much appreciated.

[J.R.]

You can always move to WA.

I sold my house in Napa Valley for 685,000 and bought
a mansion and 1 acre for less then I originally paid
for my house in Calif.

Now, that was a bargain. I still have money to
buy a vacation home somewhere else.

[Mr Pheer]

[Sly_RJ]

Plus a nice neighborhood to boot. Looks like $700k at least.

Do houses sell quick? Are many houses for sale? Many for rent?
What are your property taxes like?

[Nasty D]

Should of bought out by the Red Rocks 10 years ago, now its filled with killer houses and the PGA course....people made alot of loot on that area, but the way its growing I'm sure there are still more spots that will hit. Maybe out near Lake Mead

[Mr Pheer]

Originally posted by Sly_RJ
Plus a nice neighborhood to boot. Looks like $700k at least.

Do houses sell quick? Are many houses for sale? Many for rent?
What are your property taxes like?

Yeah houses where I live, right on the edge of Summerlin in a development called Desert Shores, sell very fast.

Usualy by the time i notice a for sale sign in front of one, it says pending or sold on it.

[bigdog]

Originally posted by Sly_RJ
Buying what I want here in San Diego is going to be $350-450k. San Diego is hot as shit right now. But if I can pick up 2 houses for the same price in another hot market, I wouldn't mind taking a better look into it.

What's better? One house at $400k or 2 houses at $200k a pop?

Damn i didn't know san diego was that cheap. In the ghetto parts of new york you got houses for 350k

[Mr Pheer]

I think my property tax is like $2400 a year, I never paid attention to it cause its included with my mortgage payments

My home insurance is only $500 a year, which I thought was extremely cheap because my home insurance in texas was $2500. But in Texas we had severe weather pretty often, here all we get is severe sunshine.

Home Owner's Association dues are $60 a month, but then again its worth it. They keep the streets almost spotless, all the grass mowed, got 5 lakes here and nice parks. Real nice and secure.

[Honeyslut]

go to realtor.com and look at vegas

[JulianSosa]

Houses in Vegas are selling at 10-20k over listed price right now.
Its a bidding war. The last 9 month some houses have gone up over 15%


My guess is you will make money on a place there but its still a high time to buy.

[RP Fade]

My girl is an agent here in LA and she has quite a few clients interested in Vegas realty...mostly commercial properties though. I think you can't go wrong in the longrun..

Originally posted by Sly_RJ
Anyone have some information? Basic prices for a decent 3 bed house in a family neighborhood, etc. Any information or links I could get on this would be appreciated.

Depending on where you look, you can find a decent sized home (1600-2200 sq ft.) for around 200k. If you look a little larger, then you will most likely reach the 3-500,000 range. These are for houses in nice neighborhoods and neighborhoods quickly developing.

Look in the south east part of town (green valley), west part of town (summerlin) or towards the far east part of town. All are freeway accessable, not infested with crime, and a lot of areas have great views!

P.S. The equity jumps up VERY fast here as well. We purchased a small house 6 years ago (1623 sq ft) for 120,000, and it just recently sold for 205,000. The market is expanding, and if you get in now, you'll hit some serious equity jackpots.

[picpile]

my house went up 80k in about a year