Nevada

Blog by Chris Shouse
Las Vegas, Nevada

All about Nevada, Traveling in Nevada, The Real Estate Market in Nevada both for buyers and sellers, A few traveling tips. A little bit of everything. Enjoy!!!!!

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Nevada

Las Vegas Made the Top Towns For Empty Nester

Apr. 4, 2008
Categorized in: Las Vegas Market
Empty Nester's







The Curry's of Atlanta wasted no time selling their family home as soon as their youngest son graduated high school.  In Ms. Curry's words the ink was not even dry on the diploma before they sold the home and moved.  Seems more and more people are moving as soon as they become empty nester's.
Las Vegas is on the top ten list
of where these empty nester's are moving too.  According to a Forbes magazine article between the years of 1990-2005 the empty nest population in Las Vegas has grown 156%. for the age population of 55-64 years of age.  To read more on this Forbes Magazine Article click here
I did a little more investigation since these statistics only went to 2005  as of March 2008 I found this: Which takes us to July of 2007.

According to a new U.S. Census Bureau report. The growth measure was based on the actual number of people moving into metro areas, not on percentage terms - by that count, Las Vegas did not crack the top ten. The report says that the Las Vegas Metro’s population increased by 59,165 people from July 2006 to July 2007.

More about Las Vegas that may contribute to people moving to Las Vegas,

  • No local or state income tax
  • No business income tax
  • No estate tax
  • 95% of companies hire locally
  • Between 200,000-250,000 miles of fiber optic cable in the ground
  • Cheapest operating cost in the US for a corporate headquarters
  • 96,000 people (net) moved here in 2006
  • Median family income up 66% from 1996-2006
  • Value of a home up 168% in ten years
  • Over 38 million visitors in 2006, up 31% in ten years
  • Convention business up 95% in ten years
  • Room inventory 132,000, up 42%
  • Over $40 Billion in new construction in the next five years
I do know one thing if you are thinking about moving to Las Vegas NOW is the time:
So if you find your house


I can help you find a new house and as of Feb 2008 the medium price was $284,900 but also remember negotiations are key:)







 
 

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