Henderson and South Las Vegas homes for sale for $250,000-375,000, Part One
I told our California ladies that they should pay particular attention to the price per square foot while looking at the homes that we showed them in Henderson, Green Valley and Seven Hills since this is the only way to compare between several different homes with varying square footage, lot size and locations.
The largest home was a 4100 square foot, 2005, highly upgraded two story home in South East Las Vegas around Boulder Highway that was selling for about $77 per square foot and the smallest was a 2547 square foot, 1998 built home at $110 per square foot in Seven Hills. I have used these two properties to show that when one gets away from the green and mature areas like Anthem Country Club or Seven Hills and goes inside the town, the homes get newer, more upgraded and larger.
We showed these ladies all kind of homes with different levels of upgrades and floor plans and one chose a home in Seven Hills that we made an offer on; we are still looking for the other lady.
Investors have to understand that newer homes in choice locations are hard to come by and homes that are built after 2003 on should be considered as newer homes as we have not had a lot of new home construction in Las Vegas or Henderson. Actually this month was one of the best months and the new home builders in Greater Las Vegas have sold only 400 homes.
One last note; these ladies wanted to go much higher in price and I talked them out of it. The reason was that my buyers can buy really nice homes for less than $400,000 anywhere in Las Vegas. These homes used to sell for twice as much only 2-4 years ago. The other issue is that a buyer makes or loses money when she/he buys a home and not when they want to sell it.
One should think about how many high paying jobs will be added in Las Vegas or Henderson in order to produce future buyers for an expensive home and there will be many. Additionally the more expensive a home, the harder it is to rent, the less the cash flow and longer time on the market.
NOBLE PEACE PRIZE FOR THE GREAT MAHATMA GANDHI
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