Anyone driving around the Las Vegas valley over the past couple months has noticed a large increase in construction on previously stalled projects or completly new developments. It is actually fairly easy to judge the local economy visually by the signs of new development. Here in Henderson their are several new home communities popping up, specifically along Horizon Ridge Drive near Gibson. Also DR Horton has a large new community going in off Sunset and Arroyo Grande in Whitney Ranch. As you go west, Ryland Homes is continuing several neighborhoods just off St. Rose Parkway and Bermuda. Toll Brothers just this week post a sign for new townhouses coming soon in Inspirada. There is growth all over even some large commercial projects like the new FedEx facility that recently broke ground near the Henderson Executive Airport.
Henderson real estate prices continue to rise as there remains a low inventory of homes. Properties are selling within a couple days of hitting the market and at over the asking price. It remains to be seen how long the increases will sustain. Interest rates have slowly crept up over the past few weeks. If you are thinking of buying or selling, it is a great time. Buyers are having challenges with fighting against multiple offers but it is good to get in now before rates rise more and it effects your budget for your new house. Home sellers are the real winners right now. prices are up over 30% year over year, especially in the Henderson area. The real estate market growth continues and this is your chance to sell and take advantage of it. Click here for the current value on your home.
