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No longer just the Entertainment Capital of the World, LV’s Real Estate Market is getting some much-deserved attention
Las Vegas is one of the fastest growing cities in the US, and only 1 of 7 states that offers no state income tax for corporations and residents. Due to this high demand, Las Vegas has historically led all U.S. cities with the highest percentage of sales relative to total number of units on the market. The average turn around period for these sales is 2 months, which means highly desirable properties are sold quickly. Las Vegas also maintains the lead as the #1 most searched city online for residential real estate in the world by Realtor.com. In a recent issue of Dream Home Magazine, Henderson was ranked as the 3rd fastest growing luxury real estate market in the country with a 28% increase in appreciation. A majority of the market is over saturated with traditional or Tuscan style homes, many of which are outdated, with only a minority of the properties on the market being updated and modern. These properties tend to fly off the market within weeks of listing, sometimes in multiple offer scenarios, which presents tremendous opportunities for Betten Equities properties, which are updated to the newest and most desirable modern standards utilizing in demand finishes.