[007 license to sell]

Originally Posted by AdvancedI

Hey guys. I was taking a look at websites where they sell houses in Las Vegas. I typed out Summerlin because i know that is a pretty good and safe area to live in Las Vegas from what i read. I"m from New york city and most houses here are very expensive. If you buy a house in queens/brooklyn, it will cost at least $500,000 for a 1 family home that is in a nice area.

I checked out some houses online in Summerlin, Las Vegas and i am shocked. A lot of the pictures of the homes look really nice and most of these homes cost like $200,000 only and they have like 3 bedrooms and 3 bathrooms. I know housing in NYC is the most expensive but how come housing in las vegas is SO MUCH CHEAPER? I just couldn't believe my eyes how good these homes look from the picture and many of these homes are like 1/2 the cost of a home in NY and it wouldn't even look even close as good as the ones in las vegas.

Can someone explain why this is so? I browsed and saw so many houses in Summerlin, Las Vegas and many of these homes cost between $150,000-$300,000 and they look so beautiful. I think if you want to buy a house like this in NY that look close to that would probably cost at least $700,000. And is it me or do the outside of the houses in Summerlin, Las Vegas really look nice? I see most of these real good looking houses has a nice garage and even the inside looks just so amazing.

Here are some links showing the average selling prices for both highrise properties and the different master planned communities. Even though these are on my brokers website these are taken from the Greater Las Vegas Association of Realtors.


These are latest highrise stats regarding average selling price of condo's in the different highrise towers,looks like some of the highrise properties are starting to go up in Value.
http://www.easystreetrealty-vegas.com/las-vegas-highrise-statistics



Here is a link showing the average price of homes in different subdivisions.
http://www.easystreetrealty-vegas.com/las-vegas/real-estate-statistics



Average selling prices of homes in master planned communities in Henderson.
http://www.easystreetrealty-vegas.com/henderson/real-estate-statistics

Average price of homes in North Las Vegas master planned communities: http://www.easystreetrealty-vegas.com/north-las-vegas/real-estate-statistics

[Atlas1337]

Pretty sure no one mentioned this yet, but playing poker isn't gambling. At least if you know what you're doing. Playing pool for money isn't gambling either. Playing against the house on the tables or slots is gambling.

If OP is thinking of moving out to Vegas, I suggest buying with a mortgage over renting. Rents actually seem to be ticking up while rates remain very low. I don't know much about the Summerlin market, but I'm very pleased with the houses I bought in Centential Hills, Aliante, and Southern Highlands.

I'm actually trying to convince my father to sell his 60 year old garbage 3 bedroom in NJ and buy 4 houses all cash here in Vegas. Live in 1, rent out of the 3 and retire...

[Scott456]

Originally Posted by Atlas1337

I'm actually trying to convince my father to sell his 60 year old garbage 3 bedroom in NJ and buy 4 houses all cash here in Vegas. Live in 1, rent out of the 3 and retire...

dealing with 3 rental properties is not "retire", unless you hire property management.