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Availability of Las Vegas Real Estate
Depending on what type of Las Vegas real estate you are looking for will help determine this answer. The availability of raw land is dwindling. Other than land, Las Vegas real estate development is still growing and flourishing. Las Vegas real estate is going higher and higher year after year and we don't mean prices only. At the beginning of the 2000's Las Vegas's skyline started to change as we see a new product to Las Vegas emerge, high rise luxury condos. We are also seeing single family homes go from one story to two stories to now three and four stories. 1/3 of all Las Vegas homes are 5yrs old or newer as of '07, which means that most homes for sale today are newer homes. We will see many of the older homes in the original part of Las Vegas undergo demolition and redevelopment as the city tries to make room for it's new citizens. Las Vegas real estate has a history of being very desirable and we see no change in the future.