Movin’ on Up
The Reviewjournal.com is reporting a new trend among LV residents. While there are no hard numbers to back up this new trend, it appears that more and more residents are choosing to swap big houses in the city’s outskirts for smaller high-rise condominiums in the urban core of LV.
Condo sales executives estimate their properties’ proportion of local buyers range from 15 percent to 35 percent. Salespeople add that the vast majority of those buyers say they plan to live in their units, rather than rent them out as investments.
Some converts are tired of the drudgery of house and yard maintenance. Others are looking to downsize. Is this a trend likely to continue? If so, how will it impact the current housing market in LV?
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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