By John LydonPublished November 05, 2018 12:08:09″Las Vegas is the greatest city in the world,” said a young man who lives in the Mission District, in a neighborhood that has been gentrifying in recent years.
“It’s a great place for people to be together, it’s a place where you can go and do whatever you want,” he said.
But what if you don’t like to live in a big house?
Or rent?
Or have kids?
Or want to be a homeowner, or want to own your own place?
Or are you just looking to buy a condo, for the first time, in the Las Vegas region?
For many people, buying a condo in the area is a no-brainer.
They just can’t get enough of the neighborhood, said Mark Zavala, who lives on the block where the Mission Towers are built.
“I’d say 90 percent of the population, they’d probably be living in condos or apartments,” Zavampi said.
And the condo market is booming in the region.
The average price for a single-family home in the neighborhood has doubled since 2010.
In 2016, it was $9,400, according to the Real Estate Board of Greater Las Vegas.
It’s now $10,900.
And if you’re looking for an apartment, it might be even more expensive, up to $13,000.
The area is also getting more affordable, with the median home price dropping more than 30 percent since 2010, according the Zavals.
It was the same story in the first quarter of 2019, which saw the average price drop 20 percent from the same period a year earlier.
But there are some areas in the city that have been particularly hard hit by the condo boom, like the Mission, where prices are so high that a typical buyer might have to spend as much as $30,000 for a one-bedroom apartment, Zavamps said.
For the Zava’s, the most important factor is to be able to afford the price tag.
If they don’t, they might consider renting.
But if they do, they’re going to have to keep an eye on what’s happening around them, said Zavah, who has lived in the building for about four years.
They’re going through a really rough time.
They’re really struggling financially, so it’s very important for them to be well prepared for what they have to do to try to keep up with the condo-housing market.
“And for a lot of people, it doesn’t even come down to a simple cost.
Zavah said that he would rather live in the same apartment he’s renting in a city like San Francisco than a condo he’s purchasing in Vegas.”
I can’t just rely on my friends, and I can not rely on people I’m going to go to the movies with.””
I have to make sure I can do everything myself.
I can’t just rely on my friends, and I can not rely on people I’m going to go to the movies with.”
The Mission is a good example.
Zaval said that the market is still relatively healthy, but there are plenty of places to go that don’t have as much condo density.
“The condos in the mall area, they tend to have more space and less people,” he noted.
“So it’s not like people are really moving out.
I think there’s a lot more people going to the mall, because the market there is very tight.”
So what if your condo-buying friend is still struggling?
“Maybe I should be more prepared,” Zava said.
“Because if I don’t make the decision right away, I may not get my money back.”
For more on the condo bubble, check out our previous coverage:
