Archive for March 9th, 2005

Las Vegas Convention Center Keeps on Expanding!

Wednesday, March 9th, 2005

The Las Vegas Convention Center presently contains about 250,000 square feet of dedicated meeting space. This is much less than key competitors such as Chicago and Orlando, Fla., but more than rivals such as Atlanta, New York and San Francisco. As we mentioned in the Las Vegas real estate blog in January, the Las Vegas Convention and Visitors Authority has been proposing to update the LVCC via renovation and expansion. Well, we’re on! The proposed $400 million expansion and renovation of the Las Vegas Convention Center received a unanimous go ahead on Tuesday. So you see, yet another facet of real estate in Las Vegas is about to expand. And you thought the market for Las Vegas homes got big fast! Wait till you see how quickly this LVCC upgrade comes to fruition. When Vegas decides to build….stuff goes up quick!

Las Vegas Real Estate: Home Prices Hold Steady in February

Wednesday, March 9th, 2005

The prices of Las Vegas homes remained fairly stable in February for single-family homes as well as condominiums and townhouses, the Greater Las Vegas Association of Realtors reported Tuesday. The median price of single-family Las Vegas homes in February was $286,000, relatively unchanged from January but up 39.4 percent from the same month a year ago. Las Vegas condo and townhouse units showed the same trend at $180,000, a 52.5 percent increase from a year ago but unchanged from January. Real estate in Las Vegas is hardly a bursting bubble.