Invest Now Before The Market Gets RAIDED!
Real estate is sizzling in Las Vegas and there has never been a more exciting time for this market. With upcoming construction projects like the Raiders Stadium, the growth of new jobs and the influx of new residents moving to our city, now may be THE pinnacle time to buy.
Sports + Jobs = Value
The excitement of the Raiders coming to Las Vegas extends well beyond enjoying football games in the desert. The completion of the stadium will bring many new jobs to the city and will also attract new investment into the area in terms of new businesses and restaurants. This impact on the job market will no doubt increase the attraction for new residents to move to Las Vegas. We have already seen an increase in residents moving here from California to take advantage of Nevada’s low property taxes and zero income tax. Now, with the excitement of sports already present, thanks to the Golden Knights, expect the Raiders to add significant enticement for more people to relocate to Las Vegas. People love to live in exciting cities and the stadium will be a likely future host of more major events such as concerts, national championship football games and potentially even a super bowl. What does this mean for housing? Simple…more residents create a higher demand for housing and more demand equals higher values. That’s what I call a jackpot in the housing market.
Keep Your Eyes South & West
The whole valley is experiencing growth, but for those looking to make calculated investments into housing I love the south part of town and the southwest corner. South Las Vegas is the focus of some major developments in the coming year. We’ll see a new Raiders practice facility as well as new homes being developed just off the I-15 south of Silverado Ranch. If you haven’t noticed, there is already construction underway to add a new exit off the I-15 to create easier access to the new Cosco opening late this year at the St. Rose and Maryland Parkway intersection. Why is Cosco important? Because families love affordable groceries, thus the housing in the area becomes much more attractive. Move a little west and you are in potentially the next big thing–Southern Highlands. Southern Highlands is already a gorgeous neighborhood and has plenty of land available for development. Plus, its proximity to the I-15 and I-215 makes it an ideal neighborhood just on convenience factors. It is perfectly located in between Henderson and Summerlin with a great direct route to the strip. Not to mention, the Clark County Commissioners earlier this year approved the plans to build the Bend. The Bend will be a new retail, restaurant and entertainment plaza in the southwest corner of town just off the I-215 near Sunset and Durango. Developers are already making claims it will rival downtown Summerlin and Town Square.
It’s an exciting time to live in Las Vegas and the future looks better than ever. Interest rates are still low but slowly increasing. If you are looking to buy a home, whether for an investment or for your family, time is of the essence before values start to skyrocket and interest rates get higher.
Eric Gorton of The Gorton Group has been representing buyers and sellers in the greater Las Vegas area over the last sixteen years. Consistently being identified in the Top 1% of sales in the valley. Eric is a specialist in all things residential real estate.
Contact Eric today. 702-296-2257. Eric@gortonLuxury.com | www.GortonLuxury.com