Where have you thought living when you retire? Las Vegas has been and will continue to be a hot spot for retirees. The great climate is just one of the reasons people are choosing to live in Las Vegas. Even though June thru August are extremely hot, the beauty of the other 9 months make it all worth while. Besides, isn't that what air conditioning is for?
Don't want to be bored when you retire, Las Vegas offers year round entertainment inside and outdoors. From the multiple award winning gold courses like TPC at Summerlin to the Rio Secco Golf Course in Seven Hills.
How about nightly entertainment? Uh this is Las Vegas, there are 100's of shows at the Las Vegas Strip Resorts as well as lounges and local smaller venues as well. There are even companies like Fill A Seat that offer yearly membership for unlimited shows for the cost of a ticket to one show.
With Lake Mead National Recreation Area nearby there is boating and fishing along with hiking trails close to the Lake. Plus hiking and biking at Red Rock Canyon features some of the most beautiful scenery in the United States. Still concerned about the summer heat? Mount Charleston is a great place to cool off. Typically 30 degrees cooler than on the Las Vegas strip and less than an hour away. With winter sports like skiing and snow boarding and summer on the mountain is perfect for a picnic or a hike.
Las Vegas is certainly a city where there is always something going on but you can also lay back and enjoy the serenity of the desert southwest.
Showing posts with label homes. Show all posts
Showing posts with label homes. Show all posts
Friday, March 22, 2013
Sunday, February 12, 2012
The Pendulum
One of the first things I learned, years ago, in real estate school is that the real estate market is like a pendulum and that it is always moving. This is something I think about often. Every city and even individual neighborhoods have there own pendulum that is in a different position and may be moving in different directions than a neighboring pendulum.
With the real estate pendulum, we don't always know where it is headed until it happens.
Here in Las Vegas we have seen quite a pendulum swing over the past 10 years. In June 2003 the market or pendulum really began to pick up speed with home prices increasing as much as $10,000 or more per week by the end of 2003 to early 2004. Homes were sold before being within hours of going on the market and in may cases the buyers never even saw what they were purchasing. By June 2004 the pendulum slowed its upward swing just a bit but continued the upward movement for another year and a half. The market was slow but steady in early 2005 but by May 2006 the pendulum was getting ready to swing back as quick as it went up. The remainder of 2006 the pendulum was going slowly in the other direction but buyers were swooping in and excited to get what they though was a deal. As the pendulum kept swinging the buyers were losing excitement and the market nearly stopped in spring 2007. People realized if they wanted to sell a property they must drop the price. Prices have fallen ever since.
Where is the pendulum today, who knows? Some in the real estate industry think prices will drop a little more. My personal interactions I have had over the past couple months lead me to believe the pendulum may be stopping and ready for a change in direction, although it will most like not have the speed and momentum we have seen in the past.
With the real estate pendulum, we don't always know where it is headed until it happens.
Here in Las Vegas we have seen quite a pendulum swing over the past 10 years. In June 2003 the market or pendulum really began to pick up speed with home prices increasing as much as $10,000 or more per week by the end of 2003 to early 2004. Homes were sold before being within hours of going on the market and in may cases the buyers never even saw what they were purchasing. By June 2004 the pendulum slowed its upward swing just a bit but continued the upward movement for another year and a half. The market was slow but steady in early 2005 but by May 2006 the pendulum was getting ready to swing back as quick as it went up. The remainder of 2006 the pendulum was going slowly in the other direction but buyers were swooping in and excited to get what they though was a deal. As the pendulum kept swinging the buyers were losing excitement and the market nearly stopped in spring 2007. People realized if they wanted to sell a property they must drop the price. Prices have fallen ever since.
Where is the pendulum today, who knows? Some in the real estate industry think prices will drop a little more. My personal interactions I have had over the past couple months lead me to believe the pendulum may be stopping and ready for a change in direction, although it will most like not have the speed and momentum we have seen in the past.
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