Homes in Vegas

RS VR6

RS VR6

Well-Known Member
Anyone familiar with the state of the real estate in Vegas? I found a realtor out there.

Looking to get a home there. Probably as a rental property...who knows...I may end up moving out there. Looking for something under 250k. I found a few close to Red Rock...but the lot sizes are real small...like 2600sqft small. The house istelf is 1700sqft. My current home is only a three bedroom...but the lot is around 6000sqft.

House prices in Vegas have seemed to have bottomed out...but pricing is slowly creeping up.

Thoughts?
 
Why Vegas? It's freezing cold in the Winter and blazing hot in the Summer. The riding is more technical, comparatively, but it is close to Utah.

I have a good bud who lives in Summerlin.
 
My dad just sold his Vegas house about 2 months ago and the realtor he used said the prices haven't really gone up or down much in the past few years. He said one reason for this is the massive amount of new construction that's going on out there right now.
 
I'm not sure this forum is the best place to look for investment advice in the Vegas real estate market.....
That been said, there is nothing wrong with trying to make a buck off real estate investment, but moving to Vegas voluntarily is unfathomable to me.

NV residency has some tax advantages (and it is less of a welfare state than CA).
IMO the northwest part of the state (Lake Tahoe region) is much more attractive.

Good Luck.
 
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SnakeCharmer said:
Why Vegas? It's freezing cold in the Winter and blazing hot in the Summer. The riding is more technical, comparatively, but it is close to Utah.

I have a good bud who lives in Summerlin.
Click to expand...

It's for a rental property for now. I'll go to Vegas two or three times a year...and I actually like it out there(minus the heat). When we ride...it's always in the winter. We just bundle up. The parents of a few of my friends are living there. You get so much bang for your buck on homes out there. The infrastructure is still improving too. The home prices are pretty flat now...but the prices are slowly rising. The Red Rock area is so amazing for riding. Only thing I'm that would make me not move out there is the extreme heat. On a 200k house...mortgage would be around 600-700 before you factor in property tax with 30% down. You can't even get a condo here for 200k. If I do chose to move there in the future...I can rent out the home here and the rent will more than cover the mortgage in Vegas and I'll still have some money to pocket.

Rent for a ~200k home is around 1200-1300 a month.

The other thing that kinda concerns me it the crime. There seems to be a lot of theft and battery types of calls. Even in the all "green" areas there are still lots of activity.

Property tax is pretty low and HOA fees are low too.

That is my main reasoning.:whistling:
 
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Chevrolegs said:
My dad just sold his Vegas house about 2 months ago and the realtor he used said the prices haven't really gone up or down much in the past few years. He said one reason for this is the massive amount of new construction that's going on out there right now.
Click to expand...

They are building there like crazy. Used home inventory is extremely high too. Lots of the homes are way under water. It's bad for the seller...but good if you're buying.

Raiders are supposed to be moving there when the new stadium is constructed. Supposedly there is a new hockey team too.
 
my brother moved from Riverside to Vegas (actually henderson) in 2013 and bought a 2 story 3 bedroom home for 180k. He couldnt really afford a home in socal (nor can I)
I hate vegas, ive visited him twice since then haha.
 
RS VR6 said:
It's for a rental property for now. I'll go to Vegas two or three times a year...and I actually like it out there(minus the heat). When we ride...it's always in the winter. We just bundle up. The parents of a few of my friends are living there. You get so much bang for your buck on homes out there. The infrastructure is still improving too. The home prices are pretty flat now...but the prices are slowly rising. The Red Rock area is so amazing for riding. Only thing I'm that would make me not move out there is the extreme heat. On a 200k house...mortgage would be around 600-700 before you factor in property tax with 30% down. You can't even get a condo here for 200k. If I do chose to move there in the future...I can rent out the home here and the rent will more than cover the mortgage in Vegas and I'll still have some money to pocket.

Rent for a ~200k home is around 1200-1300 a month.

The other thing that kinda concerns me it the crime. There seems to be a lot of theft and battery types of calls. Even in the all "green" areas there are still lots of activity.

Property tax is pretty low and HOA fees are low too.

That is my main reasoning.:whistling:
Click to expand...

Have you ridden anywhere else out there aside from Blue Diamond/Cottonwood yet (Redrock Canyon)?
 
Non-summer recreational opportunities abound, but I still would never consider anything beyond visiting. Respectfully, LV is one of the supreme shitholes of the western US. Just like Phoenix. No wonder RE is affordable there.
 
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