Build Up
With the BLM (Bureau of Land Management) restricting land and permits, the high-rise condo trend has just begun. Expect to see more vertical housing, especially around the Strip and Downtown. There are currently close to 50 projects in the works right now.

Aging Baby Boomers (born 1946-1964)
With the boomers beginning to come into their retirement years in the next 10 years, there are two key effects that the Vegas market will see:

1. INCREASE in age-specific and retirement communities such as Sun City and Sienna, where residents must be 55+. “Las Vegas has become a prime retirement destination due to the warm climate, entertainment offerings, and liveliness of the city,” remarks Jones.

2. INCREASE in luxury communities. Successful people are looking to reside in areas where they can enjoy the fruits of their labor and have an escape from the “busyness” of the strip.Needless to say, both of these influences will also bring out the many investors looking to capitalize on these trends.

Communities – Luxury and Master Planned
Some of the hottest growth areas right now are the resort-like “golf communities” (i.e. Lake Las Vegas, Southern Highlands, MacDonald Highlands and Spanish Hills) and master planned communities (i.e. Summerlin, Henderson and Green Valley), which offer great places for raising families.