Las Vegas Real Estate - Signs of Recovery Starting to show..

After a couple of years of being beat to death with negative news... the light at the end of the tunnel appears to be showing up with some recent positive news stories about Las Vegas Real Estate.

First, there was BusinessWeeks top 10 places where employees would like to move to which ranked Las Vegas #4 which you can read about by clicking on the following link with some of my opinions ---> Las Vegas Ranks #4 in Annual Report by BusinessWeek.

The reason? Reasonable real estate prices and cheap entertainment in Las Vegas... something that all of us in Las Vegas thoroughly enjoyed in the 1990's before the promises of get rich in Las Vegas real estate schemes began. Please.. don't buy real estate in Las Vegas if your only intention is thinking that you are going to get rich. Buy it because of our low taxes, no state income tax and great entertainment. Buy Las Vegas real estate because you love Las Vegas and want to contribute to our community by being involved in the community. Speculators already caused enough damage and I for one don't welcome speculators for a cheap commission to ruin my quality of life. The get rich quick schemes are over and anybody promising you that might as well be running a Ponzi scheme.

Las Vegas Real Estate - The Model for Real Recovery?

Forbes just released an article highlighting Las Vegas real estate as a market with increased sales full of interesting information of what happens when you let a real estate market naturally correct. Las Vegas real estate prices have been slashed dramatically from the peak of the real estate bubble and it has NOTHING to do with bailout money. It's all about the price and buyers are buying again because Las Vegas real estate is extremely affordable again. I see people buying Las Vegas real estate to actually move in and be a part of the community they are buying in instead of speculating on false appreciation rates which is extremely refreshing.

Questions such as where am I going to make the most money have been replaced by where should I buy for what we love to do? False promises of get rich quick schemes are looked down upon and are being replaced with which community is going to give them the highest quality of life for what they are looking for. Buyers are looking for experienced Las Vegas Real Estate agents that know the city instead of looking for Las Vegas real estate agents promising a quick buck... very refreshing to say the least.

It certainly reminds me of the days of Las Vegas real estate before the nonsense of speculation... days of a normal real estate market to be certain. The days of recovery are well on their way for Las Vegas real estate and while it's hurt quite a bit to get here... we are on our way.

The Picture above is our Newest Las Vegas Home available for sale that is absolutely stunning and remarkably priced for only $574,900. You can contact me directly at 702.592.3058 for more information/pictures as we prepare it for our marketing.

Paul Francis, CRS
Las Vegas Real Estate
702.592.3058