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How much does it cost to buy a house in Las Vegas?

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Wedge Wood Pro Advice
How much does it cost to buy a house in Las Vegas?

L as Vegas real estate is going strong according to some reports.  This is partly due to the heavy influx of foreign and domestic investors in the region.  

As a city, Las Vegas posted a $223,400 on median home value. It is 10.2% higher than last year and is expected to climb by 5.7% next year. Per square foot is priced at $144 on the average.  The median home value is $274, 995. Let’s take a look at the selling prices of the houses of some neighborhoods in Las Vegas: 

The Lakes 

The median home value in The Lakes is $291,500.  Its home value has grown to 6.5% over the past year. The average cost of per square foot in The Lakes is $291,500 which is higher than other neighborhood in Las Vegas ($144 per square foot). If you are going to rent, prepare at least $1,625 which is the median rent price. 

Buffalo Home  

Buffalo is a neighborhood for the rich people, you can find the best Las Vegas luxury homes in the area. The median household income is $57.3 K per month. The median home value in this neighborhood is $275,000 which is 8.1% higher than last year. Per square foot is valued at $160. The current listings show that the median home price as $549,900. 

Desert Shores  

Desert Shores is a community developed by RA Homes in 1988 at the foothills of northwest Las Vegas. The community has a wide range of property collection, from condos to median-priced houses. The most coveted houses are those in the lakefront. Desert Shores has features for the entire family such as a man-made swimming pool with sand beach, picnic park with volleyball and basketball, playground for kids, and dock area. The clubhouse serves as a venue for private gatherings and community events.  The median home value in Desert Shores is $269,000.  

Spring Valley  

Most part of Chinatown is in Spring Valley, which makes this neighborhood extremely popular to tourists. There are lots of Asian restaurants and stores. The rest of Spring Valley is like the rest of Las Vegas. It is also near The Strip- only 15 minutes away. The location is great for both the families and working classes.  The median home value in this neighborhood is $231,800 which is 9.2% higher than last year. Real estate market analysts predict that this will rise 5.9% next year.  

Most Luxurious Neighborhoods in LA

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Wedge Wood Pro Advice
Most Luxurious Neighborhoods in LA

Most people dream of living in the United States. People also tend to think of living in the richer and more famous states such as New York, San Francisco, Florida. California is also on the list of places where people want to go as this is where they can find famous Hollywood celebrities and great beaches to name a few.


The most luxurious areas in California, particularly in Los Angeles are on the West side. The most popular luxurious neighborhoods in Los Angele include the Hidden Hills, Bel Air, Santa Monica, Pacific Palisades, Beverly Hills, and Malibu, to name a few. This list is generated from searches and data from different sources.

Brentwood

Brentwood is an ideal place to raise a family because the entire neighborhood is relatively safe and peaceful. When deciding to buy top brentwood luxury real estate, consider that the average listing price is $606,633, as indicated by Trulia.com. These homes have pools and great outdoor landscaping. Food is not a problem as there are various restaurants offering different menus. Pampering goals, fitness, and shopping for the family are easy to meet when in Brentwood as it has facilities for these.

Pacific Palisades

The home value in this area is at $4,359,760 for their penthouses with infinity pools. Pacific Palisades is surrounded with other luxurious neighborhoods like Brentwood, Malibu, and Santa Monica. Pacific Palisades has beautiful homes, a business district, country clubs, parks and recreational areas.

Bel Air

Bel Air is one of the most luxurious neighborhoods in Los Angeles. Bel Air is on the west side of LA and education is known to be important in this area. Most of the population have earned a four-year degree.
Security and safety are maintained by the LA Police Department and the LA Fire Department. Owning a home in this area would mean $7,754,144 average price. However, these homes come with a library and walk-in closets.

 

There are certain newcomers in the list as the most luxurious neighborhoods in Los Angeles which include Hidden Hills, Beverly Hills, Santa Monica, and Malibu. Wherever you might choose to live, these neighborhoods provide the best homes and amenities in the entire state of California.

Finding Your Dream Home

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Finding Your Dream Home

Finding a dream home may seem daunting but the fact is, it is easier today than ever before with modern technology. Here are five tips on how to succeed in finding a dream house.

GET PRE-APPROVED

Get pre-approved are pre-qualified before you start looking. Unless you have cash that you want to use to purchase the house, this is the single most important tip. Often the buyer may say “I just want to see this house and if I like it then I’ll talk to a lender and see if I can buy it”. That’s the wrong way because when they find the house that they fall in love with and then they talk to a lender, sometimes they find out they don’t qualify for the price. It is recommended to look for the house that is within the price range to save time and effort.

TAKE A LOOK AT YOUR FINANCES

Get your finances together. Now, if you’ve gone through the process of getting pre-approved, sometimes you may discover that there’s a glitch on your credit report. Get it fixed right away. Get your financial records lined up and organized.

LEASE FOR A FEW MONTHS

You have to test drive the neighborhood before you buy. This is important especially if you’re new to the neighborhood. There’s lots of information available about neighborhoods. It’s also important for you to evaluate the pros and cons for each neighborhood that you’re considering. Research why neighborhoods are valued differently than others. Check what the commute is like.

PRIORITIZE

Know exactly what you need and what you want. Create a written list with all the home features that are important to you- things that you need. Have an organized list based on the order of importance. Keep in mind what type of a home you’re looking for. Do you need a yard, does it have to be a single-family home, or is a townhouse with a small yard space okay or is a condo even better? Be realistic about what you might be able to expect at the price point that you’re considering.

DO YOUR RESEARCH

It is best to do a thorough research on the internet. Check the listings from different real estate companies in that area. Talk to your favorite realtor right away and set up the appointment. It is always recommended to talk to an expert before making the biggest purchase of your life. Experienced realtors can help you in every step of the way making your search and the transaction process less stressful for you.