The Greater Las Vegas metropolitan area is on track to surpass the two million mark in population within the next two years. This is a major positive for residential real estate in Las Vegas going forward. The continued growth in Southern Nevada on the job front and the corresponding demand for Las Vegas homes is virtually assured for the next decade. In fact, the Las Vegas Strip is slated to add almost 45,000 more hotel rooms in just the next five years. This translates into 113,000 new job opportunities at what can only be described as world-class hotels. The upshot of all this casino-resort expansion? Greater Las Vegas is on track to post job growth rates that run at roughly twice the national average, which is impressive from any point of view.
What are our chances of filling 45,000 new hotel rooms on a regular basis? Travel and Leisure Magazine just surveyed 60,000 people and Las Vegas is near the top of a new list of America’s favorite cities. As you might expect, Las Vegas was voted one of the best places for “after dark” fun, right behind New Orleans. Las Vegas also finished in the Top 10 for “people watching” and fantastically famous restaurants.
Not enough to turn you on to Vegas? Forbes.com just released its annual list of the 200 Best Places for Businesses and Careers. Yup, you guessed it, Las Vegas was ranked number two in the nation. The Michelle Sterling Las Vegas Real Estate Team is absolutely convinced that Las Vegas is a great place to build careers. We do it every day!
Believe it or not, the Las Vegas lifestyle is full of fantastic opportunities for outdoor sports and recreation of every kind. Our weather is some of the best in the country and the splendor of our natural surroundings is not to be missed. We’re proud to have just been ranked the #1 Adventure Town by National Geographic Magazine. As you’re about to see, the quality of life they document has nothing to do with casinos and nightclubs at all!
The September 2007 issue of National Geographic Adventure magazine features the Top 50 Best Places to Live and Play. National Geographic selected Las Vegas as “the nation’s top spot to go all in on the outdoor game.” What exactly are they referring to? Hikers, mountain bikers, skiers, runners and rock climbers have discovered a world-class outdoor playground just minutes from the glitz and glamour of the Las Vegas Strip. As National Geographic put it, “In a city famous for keeping confidences, what happens on the outskirts of town might be its biggest secret of all”Vegas is a tantalizing outdoor hub.”
Willing to travel a little further? If you stand in the lobby of the MGM Grand and give yourself a three hour drive-time limit, you’ll discover access to six national parks, including Valley of Fire, Zion and Bryce Canyon, two national recreation areas, 13 state parks, and millions of acres of national forest. Don’t feel like leaving town? The 180-acre Springs Preserve”with hiking trails and a botanical garden”opened downtown just this past June. It is designed, according to director Francis N. BÃ©land, to “represent for Las Vegas what Central Park represents for New York.”
Here’s yet more interesting information that National Geographic “uncovered” about the real Las Vegas. “Job growth last year was double the national rate, and about 6,000 newcomers arrive every month, an influx that has remained steady for more than a decade. Few of these transplants plan to serve drinks or deal cards: They’re here to treat sniffles, write contracts, maintain computer networks, and teach schoolchildren. The fastest-growing job category in Las Vegas is that of professional and business services. According to the U.S. Bureau of Labor Statistics, each new casino job is matched by four others on the outside.”
The upshot of all this? Las Vegas, Nevada is the next major American metropolis, hands down.
If you are interested in learning more about the Las Vegas real estate market please do not hesitate to contact us toll free at 888-349-2595.
Welcome to Michelle Sterling’s Blog! This blog will provide you with valuable information, tips, and general insight into the real estate market in Las Vegas.