Las Vegas was among the hottest housing markets in
the nation last year (2004), and it isn't expected to
cool off much in 2005,
- according to Larry Murphy, a local housing expert.
The first six months of the year certainly won't
measure up to the first half of 2004 when median existing
home prices rose an average 50 percent, the largest increase
for any metropolitan area in the United States. At the
end of the year, though, median prices and total sales
will break records set last year,
- SalesTraq President Larry Murphy said.
Las Vegas is a strong appreciating market. The following
are among the highlights of the Vegas market:
- 28,773 new-home closings in 2004, up 14.5 percent from
2003.
- 59,613 existing-home closings in 2004, up 28.6 percent
from 2003
- 88,386 total home sales in 2004, up 23.7 percent from
2003
- $300,780 median new-home price, up 42.3 percent from
2003
- $250,000 median existing-home price, up 39 percent from
2003
- 32,659 new-home permits, up 39.6 percent from 2003
- 3,073 new-home sales in December 2004, an all-time monthly
sales record.
Anyone who has spent time in Nevada knows what a complicated,
unique, yet fascinating place it can be. Glitter-clad showgirls
appearing in high energy revues. . . leather-skinned cowboys
who still make their living off the land . . . Basque festivals,
cowboy poetry readings, rodeos, and the world's biggest car
shows . . . you'll find all those and more in Nevada.
Residents flock to Las Vegas to enjoy its warm climate, unparalleled
entertainment, southwestern lifestyle and economic prosperity.
The Real Market Experts of Nevada is currently finding new home
opportunities with equity in this market. If the appreciation
continues anywhere close to 2004, the investor will receive
a phenomenal return based upon value appreciation. When the
appreciation rate is much greater than the interest rate the
investment grows at incredible rates.
6656 Arctic Breeze Street, North Las Vegas, NV 89084 Purchase Price: $300,000 Est. Market Value: $327,320 Est. Investor Total Cash to Close: $33,000 Est. Equity: $57,320 Est. Pre Tax Cash on Cash Return: 14%
75 Horseweed Circle, Henderson, NV 89015 Purchase Price: $415,906 Est. Market Value: $445,906 Est. Investor Total Cash to Close: $42,090 Est. Equity: $71,592
6725 Arctic Breeze, North Las Vegas, NV 89084 Purchase Price: $605,500 Est. Market Value: $333,671 Est. Investor Total Cash to Close: $30,503 Est. Equity: $59,171
The information shown above is a summary of the estimates which were presented on the Investor Concierge at the time each property was listed for sale. These estimates were based on past performance averages and information available from third parties that was assumed to be accurate at the time of their publication. Actual results can and will vary due to a variety of market conditions including, interest rates, property operating costs, unexpected expenses, tenant availability, vacancy rates and market tolerance. It is up to each individual investor to do their own due diligence on all subject matter relating to real estate investing and the above mentioned property. Information is deemed reliable but not guaranteed.
All investments contain certain risks. Because the success or failure of investments depends on a number of factors including market conditions and individual financial circumstances, The Real Market Experts Franchise, Inc. does not make any predictions or guarantees as to the results you will obtain.
The Real Market Experts Franchise Inc. does not control the accuracy of the information displayed in this advertisement, is not the publisher of the information, but acts solely as the distributor for its participants.
