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Status: (9) Cadillac
Joined: Feb 2008
Posts: 197
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Expertise: Real Estate: Other
Locale:
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Re: Las Vegas Real Estate Market....
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Jan 6th, 2009, 12:31 AM
#17 (permalink)
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In 2003 on a motorcycle ride through Vegas/Kingman/Laughlin we visited some people living outside of Kingman, Az (15 minutes) living in a development off route 66 called Mountain Vista Ranches with a golf coarse in the center of it. It was the only development at that time in the middle of nowhere but close to Kingman with moderate temperatures. 40 acre parcel were going for $20,000 which were actually in the development behind the new houses which were selling for around 95k - 110k for new 1400 sq ft houses.
I guess these parcels went up but may have dropped back down, just saw a Craigs list advertisement of a guy in the same area wanting to trade 40 acres for classic car stating the value was approx $100k down from over $400k. This was alot different then the $20k prices I witnessed in 2003 which I thought had possibilities especially in the Mountain Vista Ranche development.
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