If anyone has any money left after the market crash and is thinking of
moving to Las Vegas, I have an article up on my website with information that
could be helpful _http://members.aol.com/GamblingE/move.htm_
(http://members.aol.com/GamblingE/move.htm) . The website will be disappearing at the end of the
month.
Also I had dinner recently with our real estate agent who got us a house,
and she said that perhaps the real estate market in Vegas was bottoming out,
because recently homes going for less than $220,000 have had bidding wars and
they get snapped up immediately. Her name is JoAnn Deagosteno and she is an
excellent agent by the way (_lvhousefinder@yahoo.com/_
(mailto:lvhousefin…@…com/) 702-239-5073) and I recommend her highly.
We live near Jones and Flamingo, about a mile from the Palms in a very
convenient area, within walking distance of grocery, library, post office, senior
citizen center. We are also quite close to Chinatown. At the worst of it, I
noticed a number of for sale signs in our area, which normally has no sale
signs. People stay in this area for a long time, since it is quiet and
convenient. Also there is a demand for housing from the Chinese community. But in
the last 6 months or so I once again noticed no for sale signs.
Houses in my neighborhood were running around the $220,000-240,000 area when
we moved here 7 years ago. Then they went up in price to over $400,000,
maybe even $500,000. But now they have come down to basically what we paid or
just slightly above. One just got listed on a nearby street (5945 Saddle Ave.
if anyone is interested) for $269,000 - 3 bedroom/2 bath, new flooring,
looks clean and bright and low maintenance, so that may give you an idea of
pricing. If I were looking to buy a house in Vegas, I'd look in the
$220,000-300,000 area as listed and then offer less since this price range doesn't seem to
be moving too well.
There are some factors to consider when moving to Vegas, such as exact
location, closeness to interstates, extra charges for home owners associations,
type of ground (some is very hard), etc. So if you are thinking of moving
here, you might want to look at the article.
Also, if you are thinking of renting, there is still a glut of houses and
condos on the market here, making for a good selection. But be careful of
renting a house that might be foreclosed on.
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