Downtown Las Vegas is under a complete transformation. Once on the seedy side, downtown is now a real estate hot spot. High rise condos and condo communities are popping up on every corner. Many people are making the downtown area their first choice for a second home as well as an investment property. Others are purchasing historic converted lofts as their primary residence. Many of these historical buildings are located in the trendy Las Vegas Downtown Arts District. Smart investors appreciate the historical significance and beauty of these wonderful buildings.
Zoning laws have changed and the downtown district will soon play host to several high-end jazz bars, comedy clubs and coffee houses that will fit perfectly into the urban lifestyle. Downtown is convenient to all major freeways with U.S. Highway 95 and the 15 just seconds away. Shooting straight up Las Vegas Boulevard will take you right up to the strip in a matter of minutes.
In July 2008, the average home selling price in downtown Las Vegas was $237,578. These figures include both single family homes and condos. While this data is collected from the MLS and deemed reliable, it is not guaranteed.
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