Kirk Sanford News

Although there is no denying the fact that the Las Vegas housing market is not faring all that well, this does not necessarily spell bad news for people like Kirk Sanford and companies such as Sightline Acquisition Corp.  A recent report actually suggested that there was some slight improvement anyway in the market.  In April for example, the cost of homes was on average $126,000 which is an increase of $6,000 from the previous month.  So there is reason for people like Kirk Sanford to be optimistic.

Kirk Sanford and Sightline Acquisition Corp.

CEO of Sightline Acquisition Corp, Kirk Sanford has been only too aware of what has been occurring – for better and worse – in the Las Vegas real estate market.  His company was established to “specialize in acquiring distressed property and other assets,” so when something goes wrong in Las Vegas property, Sanford and Sightline are on it.  Hopefully, what has been occurring recently in the Vegas real estate market will take the direction of the most recent month and things will really start to look up in this area.

Certainly, many real estate agents, investors and companies such as Sightline Acquisition with Kirk Sanford, are interested in the changes in the real estate market in Las Vegas. Henderson is the 2^nd largest city in Nevada and the US Census says that it is the fastest growing large city in the United States.

Interesting enough, Henderson is the home to the first large planned community in southern Nevada, Green Valley. At the moment, Henderson has 25 planned communities with even more planned. It’s a wonderful location for school age children, as it has a number of great private schools. It also has one of the lowest property tax cities in Nevada. It’s also ranked as the third best place to retire in the United States.

It will be interesting to see how Henderson continues growing and to watch the real estate market in this area.

In a recent article, CNNMoney.com listed Las Vegas, Nevada as 41.40% undervalued and they said that it was the most undervalued city in the United States at the moment. This statistic is particularly interesting in light of the article that they wrote in 2006 where they said that Las Vegas was 38% overvalued.

The criteria they used to judge a city’s value included median home prices, local interest rates, population densities and income, and historical premiums or discounts that the area has shown over time.

This is certainly good news for companies like Sightline Acquisition Corp. with Kirk Sanford and others who have their sights set on the Las Vegas real estate market.

While Las Vegas has certainly been hit by the economic downturns in the last year, it is starting to show some recover. One example of this recovery is the new CityCenter project being built by MGM Mirage. With a total price of 9 billion dollars, CityCenter is employing 8 well known architects and many urban planners for their Las Vegas strip location.

One thing that makes CityCenter particularly unique is that it’s aiming to be the first and largest LEED certified project in Vegas. As part of CityCenter, there will be three residential buildings.

This economic and real estate rejuvenation is good news for Las Vegas real estate investors such as Sightline Acquisition with Kirk Sanford, the Prominent Realty Group and many others.