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

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….888-349-2595www.mslasvegasrealestate.com

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