Mesquite Nevada Real Estate
By Chris Miller Nevada Land with Water Rights, Land with Water Rights For Sale
(Vegas Grand Realty and Property Management)
Mesquite NV real estate experienced the speculative frenzy and price run ups at close to its worst. High rates of false appreciation and flippers cashing big checks even before new homes were complete, causing market havoc. That market is gone. Today reality has set in and prices are falling, supply is at all time highs along with vacancy rates. Builders have walked away from whole neighborhoods and some look like gold rush ghost towns. Land values, based on the supply of build-able residential and commercial sites available are headed south at unprecedented rates. The current supply will last for years. Mesquite NV real estate fundamentals have not changed as far as desirability, weather, location, recreational amenities, taxes, etc. Retirees will continue to migrate to Mesquite, NV. ...
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