Based on real estate consultants, the value of residential lots in Las Vegas has gone up from $40,000 to around $50,000 per lot, compared with the figures $25,000 to $35,000 from the previous year. According to the statistics released by real estate experts, 17.2% of would be home buyers says they are thinking about buying a home in the near future for investment purposes compared to around 5.6% less than a year ago. There has been a dramatic growth presently with the number of investors getting in touch with the real estate agents.

According to the reports it has went up to an average of around 37% during the first quarter of 2010, as lots of home buyers availed of the tax credit that will end by the end of April. The real estate experts also stated the significance of properly analyzing and accepting the total Las Vegas New Homes market. Based on the data of real estate experts, there is an average of around 40-50K homes owned by banks in Las Vegas presently needs the inventory released to cater to the demands of local buyers and investors from out of state. Based on real estate experts, meetings with bank attorneys have told them that creditors in Las Vegas will let loose an average of 1,500 homes per month for sale.