Las Vegas Becomes a Buyers Market
(PRWEB) September 20, 2011
Las Vegas homes for sale take the lead as the best real estate market to invest in after four long years of negative numbers. Las Vegas is finding a "Dawning of a New Day" from Celion Dions come back at Caesars to global investor recognition. LasVegasRealEstate.org confirms Trulia research that it is be better to buy a home in Las Vegas than to rent. Local agent sees increased investor interest to buy multiple properties for immediate cash flow.
Ashley McCormick of Realty One, Nevada' number one real estate company says the two primary reasons for the increased interest in Las Vegas homes is that the cost to be a homeowner in Vegas has become very low and the rental rates are allowing for possible 10% monthly returns. It's not just Las Vegas real estate that may be turning the corner, but the overall Vegas tourism economy.
According to the annual tourism report the average Las Vegas tourist spent more and stayed longer in 2010 compared to a year earlier, a positive sign for the city's tourism industry. Visitors stayed an average of 3.6 nights and 4.6 days, both of which are up to include luxury Las Vegas high rise condos for sale. With the average cost of a vacation package in 2010 at $651 and holding thru 2011, Vegas may be the best deal for travel and entertainment.
Las Vegas currently offers world class performances from Celine Dion, Barry Manilow, Donny/Marie, and Elton John. Dion has sold out more than 700 consecutive performances, smashing local records for total audience and more revenue than the Rat Pack, Liberace, and Elvis combined. It's this strength in talent that is reflective in the current tenacity of the Las Vegas real estate market.
McCormick who has been a Las Vegas real estate agent for over a decade says it is a buyers and investors market. Her opinion is backed by similar comments from releases by CNNMoney, MarketWatch and Inman News. Prospective home buyers or investors can request more information by phone at 1-888-920-2292. Las Vegas condos for sale and over 15,000+ MLS home listings can be searched online at http://www.LasVegasRealEstate.org.