After being one of the hardest hit areas during the economic downturn, Southern Nevada is one of the hottest property markets in the country, with no signs of slowing.
After being one of the hardest hit areas during the economic downturn, Southern Nevada is one of the hottest property markets in the country, with no signs of slowing.
The Las Vegas suburb of Henderson is seeing massive growth in the overall property market. Home sales have continued to rise year over year, and property prices are going up as well, with no projected end in sight.
The market growth in Henderson makes for an exciting market for property owners and landlords since the cost of homes are continuing to rise at a healthy rate, it means more people will be looking for rental units.
Those trends can be seen in the decrease in the number of homeowners as a percentage of the property market in Henderson. Where the number of property owners used to hover around 66%, renters now make up over half the market.
For landlords and property owners, a rise in housing prices coupled with more renters entering the market means there is plenty of good news projected for the future.
To capitalize on that potential, you might want to consider working with a local Henderson property management company. The property management specialists and real estate professionals that work at these firms can help you spot trends and best position yourself to leverage a competitive rental market.
Would you like more information on how a property management company in Henderson can help? Don't hesitate to get in touch today for your free information packet.