WATCH THIS PAGE.   We're developing new links on a regular basis. Each of these sections will be expanded soon

Where are We?

Did you know the Strip is NOT in Las Vegas?  That's right.  It's in Clark County -- outside the Las Vegas City limits.   The story is that Bugsy Siegal didn't want to be hampered by the Las Vegas City code requirements, so he built his famous Flamingo Casino outside the city limits in unincorporated Clark County.

The Las Vegas "metropolitan" area sits in a bowl.  Our Valley includes 3 cities.  Las Vegas and North Las Vegas border each other in the northwest and the North.  And Henderson is separated in the Southeast.  In between are many unincorporated townships that use Las Vegas as their mailing address, but they're actually outside the City of Las Vegas. And all of these are in Clark County, the County that makes up the southern tip of Nevada 

Here's a map that will give you an idea of the areas in the Valley.  The Strip is in the section labeled South.

>>>Las Vegas Valley Map

We have had phenomenal growth!  In the last 15 years, the Las Vegas Valley  (which includes the cities of Las Vegas, Henderson and North Las Vegas), has had over $30 Billion of investment by developers.  Much of this development has been new casinos.  Enormous facilities both on and off the Strip, such as Mandalay Bay, Paris, the Wynn and the Palms, Green Valley Ranch and Red Rock Station, just to name a few. 

But there's also been a lot of non-casino growth: the World Market, the District, various high-rise projects and many new companies flocking here to enjoy Nevada's corporation-friendly environment. 

We had a record real estate market in 2004 through early 2005.  Right now, as in most of the nation, we're seeing a strong buyers' market and builders are offering many incentives.  We're still seeing 6000-7000 new residents every month.

We're still the # 1 growth city in the nation according to Forbes Magazine (November 2007).  Corporations have already committed to spending more than $42 billion in the next 5 years--more than what was spent in the last 15 years.  These are projects that are already in the works: 

• the City Center:the largest non-government project ever in the history of this country
• the expansion of the World Market, a new Performing Arts Center
• the Jewelry Mart
• a new 50 story mixed-use building, various "hub-burbs",
• another airport south of the Valley
• a high-speed train from California
• additional casinos around the Valley including development of the "South Strip"
• and more!

And there are plans are the drawing board representing an additional $30 billion in the following 5 years!

The GLVAR (our local Board of Realtors) has published a position paper, describing some of the unique features of our market.

>>>GLVAR Position Paper

So, the Las Vegas area is looking forward to another period of unprecedented development with an influx of  new residents, new companies and resulting new jobs.  We have many reasons to be optimistic for the future of our real estate market.

.