Investment Homes Las Vegas NV

Homes Las Vegas NV is still hot! At the beginning of 2000 investment experts predicted that there would be more than a 200% increase in the value of Las Vegas homes for sale between January 1, 2000 and December 31, 2008. In 2003 the average appreciation in many communities was 19.2%, and in the first half of 2004 appreciation went up an amazing 30% in the most popular neighborhoods. Las Vegas land prices soared and new home builders could not keep up with the demand as both investors and first time homebuyers vied for available inventory. The Bureau of Land Management auctioned off a prime parcel of undeveloped Henderson real estate for an amazing $287,000 per acre in June of 2004, and on February 5th, 2005 they auctioned off another 1700 acres of vacant land for a record breaking $298,000 per acre. By the end of 2005 prices on residential land rose to over $600,000 per acre.

High Rise Listings Las Vegas NV