Coldwell Banker Premier Realty

Residential Investment in Las Vegas

Yields, why the boom and bust, gaming uptick
Posted by John McClelland on September 21, 2011 in  gaming revenue  las vegas residential investment  the housing bubble
  One of the reasons that we believe Las Vegas is a good place to acquire properties for a long-term hold is based on fundamental measures such as price-rent ratios and the level of pricing below the longer-term, pre-bubble trend. Currently the price-rent ratio is about 6. In addition, it is often less expensive to buy than it is to rent. Similarly, cap rates are elevated implying an undervalued situation or investor sentiment. I tend to think it is still undervalued even though it is oversupplied. We are sta... read more
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Las Vegas Rental Market and other news

short updates on Las Vegas
Posted by John McClelland on July 13, 2011 in  gaming revenue  office vacancy rates  real estate investment  rental housing
Some short bullet points on recent news: - Slot machine revenues have increased for three months. Reported gaming revenue in May showed a year-over-year increase (although baccarat accounted for much of this). -CNN Money ranked Las Vegas as a top city to purchase rental properties. Noting our obvious bias, we do agree with their assessment based on the strong rates of return we have been observing in the market and by our own clients.            ... read more
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