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Real Estate
Sep. 27, 2008
Copyright © Las Vegas Review-Journal

Robb Report says Las Vegas high-end market still 'good bet'

In the long run, it would appear that the sky is not falling. At least for the high-end sector of the housing market. The Robb Report Vacation Homes listed Las Vegas as one of only five U.S. cities (the others were Miami; Aspen; Maui and Coeur d'Alene, Idaho) to buy vacation homes in their October/November magazine.

The article claims the high end of the Las Vegas housing market is still robust, and though lower-end home prices are still falling, the city is still a "good bet."


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    • The article said CityCenter and other casino projects will positively drive the housing market with hundreds of thousands of jobs by 2012.

    The October/November issue of Robb Report Vacation Homes hit news stands Sept. 23.

    The feature story "results from extensive research that investigated more than 50 international locations -- from the beach and the mountains, to the city and the desert -- before narrowing it down to 10 destinations," said Robb Report Vacation Homes Senior Editor Samantha Brooks.

    "The results of this research pointed to three distinct sectors within the global real estate market: places that are perennially strong; those that have yet to peak and are seemingly undiscovered; and those that offer investment opportunities because their values have dropped," she said.

    Five U.S.-based locations have been identified by the editors of Robb Report Vacation Homes: Aspen/Snowmass Village, Colo.; Coeur d'Alene, Idaho; Las Vegas, Ne .; Maui, Hawaii; and Miami, Fla.

    The low-end market has dipped significantly in Las Vegas, according to The Robb Report, but home prices at the top of the scale continue to soar. The international demand for Las Vegas real estate -- fueled in part by the weak dollar -- promises to keep the city's top-end market strong.

    For more information contact the magazine's Web site, vacationhomesmag.com.

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