Population & Climate
One of the benefits of purchasing Las Vegas real estate is the average high temperature of 80 degrees Fahrenheit. Even during the coldest month of the year, the city offers an average high temperature of 56 degrees. Las Vegas has the third highest number of hours of sunshine each year, and 85 percent of the days are considered to be sunny in the city.
Currently, Las Vegas has 596,424 residents, and the NV Statistical Area is home to 1,951,269 people. The population of the city is rising very rapidly, and from 2000 to 2010, the population grew by 22 percent.
Many museums are located in Las Vegas, such as the Neon Museum, the Las Vegas Natural History Museum and the Las Vegas Art Museum. Additionally, the city has many popular parks, and some of these include Floyd Lamp Park, the Las Vegas Springs Preserve and Aloha Shores Park. The Las Vegas strip also offers a ton of ammusent for all ages alike.
Las Vegas Real Estate
Before the year 2008, the average price for a home in Las Vegas was $260,000, but during the recession, homes were listed for $120,000 on average. During the last five years, the prices of homes for sale in the city have barely risen, and the average price for a home in Las Vegas is only $162,000.
When browsing homes for sale, you should consider the location, the overall condition of the houses and whether or not the home comes with a large amount of land. If you find a house that you want to purchase, you should have it examined by a highly experienced builder, and the expert should thoroughly inspect the foundation and the roof before giving you a detailed, written assessment.
You can save a large amount of money by searching for foreclosures, and although foreclosures may need some major repairs, banks in Las Vegas usually sell them for less than half of the price of other homes. Short sales involve paying a price that is substantially less than the amount of money that a previous owner still owes on a home, and by executing short sales, you can also help a person who can no longer pay off a home loan to permanently escape the requirements of the loan's contract.
To find out more about Las Vegas or Las Vegas homes for sale, Contact Monopoly Realty today!