January 7th, 2016
The Latest in Multi-family
Despite the arid climate, the Multi-Family Real Estate Market in Las Vegas is absolutely fertile and recent listings show no signs of this market slowing down anytime soon!
No matter the reason for exploring real estate options in Las Vegas, there is something to be had, at a reasonable price point! Median listing prices in Las Vegas are anticipated to rise in 2016 as more people entertain the thought of living in this fun, beautiful city. Currently, the median price in Las Vegas, $321,405, is the highest such number since 2007 according to Las Vegas based Home Builders Research.
Experts suggest that Las Vegas real estate is likely to continue to increase in value as more people consider living in this magical oasis. According to Real Estate Statistics Website, Loop Net, Multi-Family Real Estate listings in Las Vegas are on the rise as well with the total number of days on the market in decline according to their research. This means that Multi Family listings are gaining attention and are being sold at rates unprecedented in recent years.
Multi Family Housing can be an excellent way to minimize the expenses of moving to a new Real Estate Market; additionally, these properties can provide excellent investment opportunities when the time comes to move on. Las Vegas is a sunny and inviting city to live in with immense cultural and recreational opportunities.
With Multi-Family Real Estate doing so well in Las Vegas, it is an excellent time to consider these properties whether for personal or investment purposes!