Real estate market in Los Angeles, California is in flux.
Is the housing market still in its infancy, or is it finally ready for prime time?
It is a question that many have been asking over the last year.
But with the economy slowing down, and real estate prices falling, is the market ready for real estate to finally reach its full potential?
Here are 10 real estate markets that are poised to make a huge splash.
Las Vegas, NV The real estate boom in Las Vegas is not only driven by new construction.
There are also several new high-end properties being built in the city, such as the iconic “Downtown Plaza” which will house the largest hotel in the world, and the $2.4 billion Las Vegas Sands Hotel and Casino, which will open in 2020.
The city is also seeing the construction of a $2 billion mixed-use development with a retail center and hotel on the Las Vegas Strip.
And there is talk of more new developments coming to the area as well.
The housing market in Las Goonies is also showing signs of life.
New developments, especially condo developments, are popping up all over the city.
The median price of a condo in Lasgoonies is now about $1.9 million.
There is also a $200 million hotel in town that is going to be the largest in the country when it opens.
The developers have already announced a total of 14 properties in the area.
Las Goony is also home to a $300 million high-rise condo development called The Venetian, which is being built on top of a massive golf course.
Phoenix, AZ Phoenix is the hottest real estate city in the US.
The Phoenix metro area has a population of 1.3 million people and a median price tag of $3.9 billion.
The metro area also boasts one of the highest unemployment rates in the United States.
There were 8.2 million jobs in the metro area in 2016.
Phoenix also has one of highest housing prices in the state of Arizona, and it is only $1,200 a square foot.
That makes it the highest-priced metro area with a median house price in the nation, according to Zillow.
San Francisco, CA San Francisco has one the most expensive housing markets in the U.S. San Franciscans median home price is $2,542,000.
And it’s even higher than Las Vegas.
San Franciscos median house value is $3,852,000, and $1 million is a record in the Bay Area.
Los Angeles-Long Beach, CA In Los Angeles County, the median home value is more than $1 billion, which means the median income is more $100,000 a year.
The average income in Los Angles is $67,200.
There has also been a recent surge in real estate values in the county.
There have been over 1,000 new homes sold in the last two months alone.
This surge in home sales has pushed the median house prices in Los Angelas up by more than a third from the same time last year, according.
New York City-Long Island, NY In New York, real estate is booming.
According to Ziller, the number of new condo units built in New York is up more than 30 percent in the past two years, and nearly 60 percent of the condo construction is in the borough of Manhattan.
The number of homes that are being sold has doubled since 2016.
The real estate bubble is starting to burst.
Atlanta, GA Atlanta is the third-largest metropolitan area in the USA, after Los Angeles and New York.
In the Atlanta metro area, home values are up by nearly $200,000 over the past year.
And the average house price is nearly $1million.
San Jose, CA The city of San Jose has a median home sale price of $1M and is currently the largest metropolitan area of California.
Las Cruces, NM Las Crucs home prices have risen more than 70 percent over the year, and there is one new highrise building every two minutes.
The area also has a $1 Billion hotel planned for the future.
San Antonio, TX There is only one highrise apartment building in the San Antonio metro area and the average home price there is just over $300,000 in 2016, according the Zillows Real Estate Report.
Las Vegas, NV The Las Vegas metro area is booming, and new development is popping up in the region.
There will be more than 50 new highrises on the skyline in the coming years, according Zillower.
For more information on the hottest market in the globe, check out the Real Estate Market Guide for 2018, which includes the most recent real estate data.