Could Las Vegas have already hit the bottom?!

Could it be that the Las Vegas Real Estate Market has ALREADY hit the long-waited and projected bottom of the local real estate market?  Take a look at this article in the Las Vegas Review Journal which even states that real estate in Vegas is “Undervalued”!  Compared to Las Vegas, Phoenix is currently overvalued by 20.2% and Los Angeles is overvalued by 15.4% and even former star Salt Lake City is overvalued by 16.1%!  Sales are picking up as well and we currently have a 9 months supply of resale homes at the current absorbtion rate down from 13 months!  Do you think it is a good time to buy when at the bottom or when values are on the way up?  Send me a comment and make sure to visit Vegasdreamsellers for more Las Vegas real estate information!

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National Publications are Buzzing about Summerlin!

NY Times article on SummerlinSummerlin has been the glowing subject of several articles in the National Press lately touting its high quality of life and close proxmity to several outstanding outdoor recreation opportunities.  The New York Times recently did a piece on Summerlin entitled “Leaving Las Vegas for the Suburbs” which profiled why second-home owners chose Summerlin over other locations for R&R.  In addition to the myriad shopping and dining opportunities the article states “Summerlin has endless options for outdoor recreation; the area is home to more than 100 parks, 150 miles of trailes and 9 golf courses, including the TPC Summerlin and TPC Las Vegas.”   The Times goes on to say that there are financial benefits as well: “the state (Nevada) has some of lowest property taxes in the US at less than 1 percent of assessed value and for those who stay more than 6 months in a year there is no state personal income tax!”  

National Geographic AdventureNational Geographic Adventure has recently named Las Vegas the “Number One Best Place to Live and Play” in the US!  Las Vegas was awarded this distinction because of our quality of life but also the “Immediate access to the outdoors” afforded to residents in both Summerlin and many other parts of the Las Vegas Valley.  Take a look at this website called “Adventures in Summerlin” for more information! 

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