ResalesNorth Las Vegas Shows Expansive Growth
North Las Vegas is experiencing rapid growth due to more favorable pricing on new homes, but Realtors report prices are also rising rapidly.
"According to the U.S. Census Bureau, North Las Vegas is the 5th Fastest Growing Large (population of 100,000 or more) City in America for the ten-year period of 1990-2000 with an average annual growth last year of just about 10 percent," says Realtor Jimena Paridee. "According to the City of North Las Vegas Demographer, North Las Vegas is expected to have a build-out population of 511,812 by the year 2020 (includes land not yet release by the Bureau of Land Management).
"The highly anticipated master-planned community Aliante will provide over 400 acres of parks and open spaces, a fire station, plenty of retail space and it has plans for a 400-room Casino," says Paridee. "Aliante is expected to be home to over 20,000 people upon completion. Its divided into two sections, its Primary Village being built by KB Homes, Pulte, Pardee and DR Horton and its Active Adult Village, Sun City Aliante, built by Dell Webb. It will be the first truly master-planned community of its size in North Las Vegas encompassing over 1900 acres of land with a price range of $130,000 to $270,000.
"The community will include a 20-acre Nature Discovery Park based on a Disney Concept sure to entice children and grown-ups alike. There will also be an 18-hole municipal golf course located at Sun City Aliante that will give tee-time priority to residents of North Las Vegas. There are volleyball courts, tennis courts, soccer fields, a man-made lake and an amphitheater for all of the residents" outdoor needs."
Paridee advises, "Sales of new homes in North Las Vegas are expected to be at an all-time high. A great number of people are getting in on the ground floor of this new development that is sure to bring amazing opportunities for home buyers and businesses alike in this growing city. With over 30 new businesses moving into North Las Vegas last year and The Cannery, the newest Casino opening up earlier this year the opportunities for employment in the city are thriving. If you are looking for a new home, North Las Vegas is certainly the city to look to. You will get a bigger home with a bigger back yard and more amenities than anywhere else in the Valley without spending as much."
Says Realtor Bruce Hiatt, "NorthWest of Summerlin is a rapidly growing area where home prices range from $150,000 to over $600,000. If you need RV parking and larger lots for the money then this is the place to buy. We are seeing rapid growth in this area due to the affordability being higher than in Summerlin but the prices are trending upward every month and more infrastructure like shopping centers and schools are being built to meet the growth demand."
Advises Hiatt, "One of my listings in this area is at $500,000 in a gated community, is highly upgraded with hardwood floors and has RV parking with almost 5000 sq feet. Up the road from this community is a new homes semi-custom builder with homes in a similar price range that are selling with high velocity. This trend continues to show that the NorthWest area can support higher prices and I expect to see this trend continue throughout 2003.
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