Archive for January 4th, 2006

Land Prices in Las Vegas: Straight to the Moon Alice!

Wednesday, January 4th, 2006

The word is out…average land values in the Las Vegas Valley hit $708k in the third quarter of 2005. The percentage increase from this same time last year? Seventy six percent! The demand is hitting Southern Nevada from all sides…..residential, commercial and plain old land speculation. Without question, new Las Vegas homes are being built closer and closer together for this very reason. High land prices naturally lead to structural density, and Las Vegas real estate is no exception to market forces. Las Vegas condominiums, both high-rise and mid-rise, are but one example of the new reality of sky high dirt. The main driving force behind this surge seems to be the overall health of the Southern Nevada economy. The employment rate is stellar and business sales statistics are fantastic. The tourism industry is the strongest it’s ever been. The treasury of the State of Nevada is full like never before. The Sterling Team at Red Rock Canyon Realty is fully prepared to present every aspect of the market for Las Vegas Homes. Call us at your convenience…

Las Vegas as a Brand Name? It's a Winner!

Wednesday, January 4th, 2006

Some of us are old enough to remember a time when Muhammad Ali was the most recognizable person in the entire world. A larger than life figure, Ali was more than a celebrity, he was a symbol for something unique to the entire world. Well it seems that the “notion” or the “symbol” that the phrase “Las Vegas” congers up in the active imagination is reaching global status as well. This has got to be good news for the market for Las Vegas Real Estate In the second annual Newsmaker Brands Survey published in USA Today last week, Las Vegas ranked fifth! The first four on the list were iPod, Google, Oprah and eBay. Wow, this is pretty good company to be in! Better yet, Las Vegas is expected to rise to fourth place next year! The MS Las Vegas Real Estate Blog has put forth the proposition that Las Vegas, Nevada is destined to become the next major American metropolis. The evidence gets more convincing all the time! The Sterling Team at Red Rock Canyon Realty is your trusted source for information on the market for Las Vegas Homes. You can reach us at

The Las Vegas Economy: Tourism, Traffic and McCarran Airport

Wednesday, January 4th, 2006

MS Las Vegas Real Estate has more good news about the tourism industry in Las Vegas and by extension, more good news about the local economy. Of course this all has a major impact on the market for Las Vegas Homes! With December’s numbers about to be counted, McCarran International Airport has again broken a record for the largest passenger count ever! In addition to this, McCarran has just jumped a spot. We now have the sixth busiest airport in the country, up from number seven last year. Without December’s numbers, McCarran is already up to 40.7 million passengers for the year. That’s an awful lot of tourists! What does this mean for the market for Las Vegas real estate? The strength of the local economy provides the foundation for the residential market. With visitor numbers breaking records every year, the local economy continues to be one of the best performing in the nation. The Sterling Team at Red Rock Canyon Realty is your trusted source for residential information in southern Nevada. Give us a call at