Archive for January 5th, 2006

Bye Bye 2005: What a Year for Las Vegas!

Thursday, January 5th, 2006

MS Las Vegas Real Estate can hardly believe that 2005 is over already! What a rip roaring year for Las Vegas in so many ways! Just thought we might mention some of the more notable highlights. Let’s start with the famous Las Vegas Strip. 2005 saw the debut of Wynn Las Vegas and another monument to luxury and glamour on a world-class scale. Partly because of the Wynn, tourism was up almost 3% this year. If you want to keep a tourism based economy running strong, this is definitely the best way. Las Vegas homes had another strong year for appreciation. The GLVAR says that prices are up about 12% from a year ago. World Market Center arrived on the scene in July, and owners of Las Vegas luxury homes are all the better for it. The interior design business, especially at the high end, will never be the same. McCarran Airport announced a major acceleration of it’s already aggressive expansion plans and broke another record for passenger volume. George Clooney came to town and he wasn’t here to film a movie. Las Ramblas is a Las Vegas high rise condo community with a hotel component that set the Las Vegas real estate paparazzi on fire! What’s in store for 2006? Hey, it’s Las Vegas and anything could happen. The Sterling Team at Red Rock Canyon Realty is both excited and prepared. Las Vegas real estate is exciting stuff!