Las Vegas Neighborhoods
 
Living in Las Vegas Newsletter

Neighborhood Tour

Homes for Sale

Country Club Living

Retire in Las Vegas

Free Newsletter

Summerlin

NW Las Vegas

Lake Las Vegas

Sun City Anthem

Las Vegas Map

SW Las Vegas

Centennial Hills

High Rise Condo Living

MacDonald Ranch

Solera at Anthem

Henderson

No. Las Vegas

Public Golf Courses

Sun City Summerlin

Sun City Aliante

Green Valley Nellis AFB

Hospitals, Doctors

Home buyers FAQ Home sellers FAQ

 

Las Vegas Real Estate News

Las Vegas Valley Home prices have basically fallen off a cliff -- which, of course, means it is a great time for buyers.  Foreclosures continue to be a significant part of home sales: almost 60% of the homes that sold in May had previously been foreclosed upon.

Median home prices for May continued the path downward, as did the actual number of homes sold.  We have heard reports that over 10,000 homes are sitting vacant in Las Vegas.  

Here is how the median prices break down: 

  May 2008 May 2007
Resale homes, all sizes $237,500 $300,000
Resale condos $150,000 184,500
New homes $270,000 $305,000

High-Rise Condo Buyers.  If you are planning to buy a high rise condo, you would be advised to look at resale condos.  There are many on the market and many of these have never been lived in. So you may get a virtually "new" condo for a very, very attractive price.  You may also find that original builders of new condos are less interested in negotiating a reduced base prices -- but are willing to offer incentives such as upgrades.

Taxing News. Currently, Nevada has no personal income tax, no inheritance or estate taxes. Property taxes run about 1%. In the lat session the Nevada State Legislature placed a cap on the amount property taxes can increase based on rising property values. 

What Las Vegas Neighborhoods Do Real Estate Agents Find Most Desirable?   Desert Shores and Summerlin tied for #1 in a recent survey of Las Vegas real estate agents.

Where In The Valley Is It? If you would like to know where various communities are located in the Las Vegas Valley, click here for a neighborhood map that will give you the general location of Summerlin, Siena, Lake Las Vegas, Green Valley, The Northwest, Henderson West, Sun City Anthem, etc.

For information about small lot sizes, click here.

   

 

 

HOME      THE NEIGHBORHOOD TOUR 

Contact Us.  Privacy Policy:  We do not rent, share or sell the names or e-mail addresses of people who contact us.
Entire website, wording, design and photos:  Copyright © 1999-2008  All Rights Reserved. Equal Opportunity Housing