As you can see by these pics that the Commercial Real Estate continues to strive. Everywhere along the (STRIP) whether you live here or are visiting, you will see sites like these in the photos. There are cranes everywhere and half built buildings being built so fast, one has to wonder where all the workers come from?
The residential market is slow, but there are many foreclosed and short sales.
Also homes in the price range of $450,000 are being bought 30 to 40 percent below appraised value. Most of the residential sales are from huge investors and some individuals/ couples.
What ever you may be hearing on the news about the downed Real Estate market through out the country and in Las Vegas, take a look at these pics and or come and visit. You will see when you come to visit if you were here last year, or recently. These buildings are going up very, very fast and I really don't know what could slow it down!
Story and photos by: Robert Swetz 6-16-2008
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