Las Vegas Homes

[NSX2NV]

Hello All,

Was wondering if someone could provide contact info on homes in semi upscale areas in Vegas. I will be visiting in the next week or so and am interested in purchasing a pre contruction home or existing home for investment that could be rented out during a few months of the year. Approx. size I would be interested in is 2000 - 3000 sq ft.

TIA for any help.

Johnny

[Scin]

You will probably want to look in Southern Highlands, Summerlin, or maybe one of the golf course communities like Spanish Trail. I am friends with a pretty cool real estate agent, pm or e-mail me if you would like his information.

[Vega$ NSX]

Depending on your price range the Southerland Highlands, Summerlin, and Spanish Trails are all quite pricey. I live in Summerlin and the price of my house more than doubled in 2 years. I couldn't think of affording my house now if I were to looking to buy today. But those areas are really really nice. If you are only looking for semi-upscale, houses in the northwest (Lone Mt. area) and southwest offer nice newer homes at a more reasonable price (plus they often don't have outrageous association fees like Summerlin: not good for renting since that doesn't get recouped). Probably better bang for the buck, but still nice and safe since it's all new. Try www.vegasgrowsup.com for a good real estate resource.

[NSX2NV]

Thanks for the feedback.

What do you think about the pre construction condos that are going up surrounding the strip. (2006-2008 completion) Is there still the possibility of value increasing at a steady rate considering the amount of condos being planned or do you think there will be to much supply and not enough demand.

Johnny

[RyRy210]

I bought a vacation home up at lake las vegas resort in Henderson for around 2m. It has appreciated quite a bit since then. This is also where Celine Dion lives. Unfortunately I only use it for maybe 15 days in a year. I spend most of my time at my mansion in Palos Verdes, California.

[Scin]

I think the market is over priced, especially for condos. Long term you would probably be ok, but you may see no gains or a loss in the next 2 - 3 years. I work for a company that is a preferred lender on a few condo projects in town and I know that a large number of units are investment propertys. This could be problematic if there is a downturn in the market and all of the investors try to dump their units at the same time.

[APPLEBLUES]

for that square footage prepare to spend $400,000. and up and depending on the location. i live in henderson by green valley and thats how much they are asking for. condos on the strip starts at 1/2 a million. off the strip roughly $250,000. and you're talking about less than 1000 sq.ft location, i prefer henderson. less traffic than summerlin. 15-20 minutes to the strip and airport.

[SINCITY_NSX]

Well I have a new house out in Mountains Edge. Its located off the blue diamond/HWY160 and Durango there isnt much out here for now butt this is the new area in Las Vegas you can find a lot of nice house's for less then 500K with around 3000+ Sqf.

bill

[NsXMas]

I bought a vacation home up at lake las vegas resort in Henderson for around 2m. It has appreciated quite a bit since then. This is also where Celine Dion lives. Unfortunately I only use it for maybe 15 days in a year. I spend most of my time at my mansion in Palos Verdes, California.

well I'm quite jealous, ryan!

[ceeya32]

Is that Ryan Seacrest??????????????

[Tantheman]

www.lennar.com and click find a community.

Tan @ Lennar Homes Orange County.

[The Kid]

Is that Ryan Seacrest??????????????

Seacrest; OUT

[silverNEEK]

Here is a nice list of new home builders with contact and website info for the Las Vegas area and Henderson.

Las Vegas New Homes

Nik