Sunday, July 17, 2005

Market Conditions for North Las Vegas

North Las Vegas is emerging as the most promising real estate market in Las Vegas valley. Sales are picking up and there has been an increased buyer activity. There are many newer developments coming up in the suburbs. Downtown area is also seeing more real estate activity. Many people are choosing buy homes or invest in this area.

Homes prices are expected to appreciate come summer. If you've been thinking about buying, now may be the right time. At 47% appreciation since 2004, the average sales price now is $263,396.86 for a single-family residence of 1626 square feet. As of April of 05, 202 homes were sold with an average $165.68 per square feet.

For investors though there are still some real good
investments out there it is really more difficult to get them unless you have done your market research thoroughly and have ready access to cash. If you are interested in knowing how much a home is worth there are many reputed websites, which will give you a rough estimate of the price.

posted by Diane @ 9:10 AM