Video courtesy of Faiss Foley Warren
Las Vegas has grown by leaps and bounds since I moved here in 2000. I have watched empty areas become full with homes & commercial buildings. The city has done a good job keeping up with the influx of people. Over the past 8 years there has been approximately 5,000 new people to Las Vegas per month. As the market has shifted the builders are slowing down and the resales have increased. But the good news is that the sales are skyrocketing and the inventory is depleting. We currently have about 9 months of inventory available if no more homes were listed for sale. Our sales are the highest in a 10 year history for our company. So if you are moving to Las Vegas you may want to consider purchasing a home now when the prices are rock bottom and the interest rate is still good!
Las Vegas is still growing and new casinos are being built every month. The Palazzo just opened a few months ago and it is beautiful. The Wynn is taking applications for 5500 new employees at the new Encore. City Center is the largest project in the world. It is due to be open in 2010. More new jobs!
Our economy here in Las Vegas is strong and the building is steady! Our Mayor is always trying to get more new business to Las Vegas every month. He is also trying to get us a professional team of some sorts and a new stadium down town. Mayor Oscar Goodman has done an outstanding job building up the downtown area over the past 4 years.
For more information, visit the Las Vegas Website to the bottom of the page!