Kirk Sanford, CEO of Sightline Real Estate, is probably quite up to date on the Las Vegas real estate market. Apparently, research has shown that “over 1/3 of second homes are being bought in urban areas, and Las Vegas is one of the top cities to buy in.” As well, what has traditionally been downtown and Strip areas are now becoming “urban high rise lifestyle centers.” This is definitely good news for a business real estate man like Sanford.
Las Vegas Land and Kirk Sanford
But what a guy like Kirk Sanford should also be aware of is that there actually is not as much vacant land in Las Vegas available as one might originally think. When you go into Las Vegas, you imagine that there is indeed much vacant land, as you drive through the city’s stunning, wide landscapes. This is probably because the federal Bureau of Land Management is the proprietor of the bulk of land in Las Vegas Valley, thus there is only a minimal amount (20%) that is split between the hands of private owners.