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Las Vegas, Nevada

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Tales from Las Vegas

September 2008

Henderson Real Estate Trends

Sep. 12, 2008
Starred by: 2 Members

The city of Henderson has been one of the fatest growing cities in Nevada for the last several years running. Prior to its explosive growth, Henderson was best known for its manufacturing plants and not much else.  Some of those original plants are still there, but Henderson is anything but a manufacturing town.

One segment that reflects the overall change in the city best is the townhome market. There were very few townhome communities in Henderson and the Henderson real estate market catered primarily to first time home buyers.  Now Henderson offers some of the most expensive luxury homes and townhomes in the Las Vegas valley. Here are just some of the new luxury townhome communities in Henderson:

There are communities that are targeted to first time home buyers as well, like Eagle Crest townhomes, but most of the newer construction is aimed at the luxury market.  Probably the biggest influence on the market was the construction of Green Valley, the first master planned community in Henderson.  At the time, Green Valley was considered a huge gamble. Nothing like it had been tried before in Henderson, let alone Las Vegas. The overwheming success of Green Valley helped pave the way for several more luxury master planned communities and neighborhoods.