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Las Vegas HistoryLas Vegas History
WOW... Look at the history of Las Vegas real estate and the prices of homes.. What can the Las Vegas real estate market expect in the next few years? I can tell you that the cost of land today is the main reason we have seen these prices increase. Call Kathi for a list of home prices in todays Las Vegas Nevada real estate market. History of Las Vegas Spanish traders en route to Los Angeles along the Spanish Trail in the early 1700s sought a route that would pass through the then unexplored Las Vegas Valley. At the time, the Spaniards referred to the route through the valley as "jornada de muerte," journey of death. A young scout named Rafael Rivera was the first person of European ancestry to look upon the valley. His discovery of a valley with abundant wild grasses growing and a plentiful water supply reduced the journey by several days. The valley was named Las Vegas, Spanish for "The Meadows." It was not until famed explorer Captain John Fremont wrote of Las Vegas in 1844, that anyone other than Spanish explorers and missionaries and the indigenous Indian population, knew of the valley. In 1855, Brigham Young assigned 30 Mormon missionaries to build a fort in the Las Vegas valley. The fort constituted the first non-Indian settlement in the region. Their primary purpose was to teach the Paiute Indians farming techniques. The Paiutes rejected the teachings and occasionally raided the fort until it was abandoned in 1857. The discovery of minerals, including precious metals, lead to the beginning of the mining industry in the late 19th century. The State Land Act of 1885 offered sections of land at $1.25 per acre. Farmers moved in and agriculture became the dominant industry for the next 20 years. The completion of the main railway, linking Southern California with Salt Lake City in 1905, established Las Vegas as a railroad town. The availability of water made Las Vegas an ideal refueling point and rest stop. The railroad was the principal industry in Las Vegas for the next 25 years. Las Vegas was founded as a city on May 15, 1905, when 110 acres of land situated between Stewart Avenue on the north, Garces Avenue to the south, Main Street to the west, and 5th Street (Las Vegas Boulevard) to the east, were auctioned off. The city was governed as part of Lincoln County until 1909 when it became the county seat for the newly established Clark County. Las Vegas became an incorporated city and adopted its first charter on March 16, 1911. At the time of incorporation, the city encompassed 19.18 square miles, and had approximately 800 inhabitants, less than 1 percent of the states total population. Clark County had a population at the time of 3,321. By 1930, Las Vegas had grown to a population of 5,165. In 1931, three events occurred that would forever change the face of Nevada and the city of Las Vegas. On March 19, 1931 gambling was legalized in the State of Nevada. One month later, the city issued six gambling licenses. Divorce laws were liberalized in the State of Nevada, making residency easier to attain. A "quickie" divorce could be attained after six weeks of residency. These short-term residents stayed at "dude ranches" which were the forerunners of the sprawling Strip hotels. Beginning in 1931, the construction of Hoover Dam brought an influx of construction workers which started a population boom and gave the Valley's economy, which was in the grips of the Great Depression, a needed boost. By 1940 Las Vegas' population had grown to 8,422. The outbreak of World War II brought the defense industry to the valley. The isolated location, along with plentiful water and inexpensive energy, made Las Vegas an ideal site for military and defense related industries. The site for Nellis Air Force Base was located in the northeast, and the Basic Management Complex, providers of raw materials, was located in the southeastern suburb of Henderson, Nevada. The defense industry continues to employ a significant number of Las Vegas residents. Following World War II, lavishly decorated resort hotels and gambling casinos offering top-name entertainment came into existence. Tourism and entertainment took over as the largest employer in the valley. Today Las Vegas real estate is a major player in the Las Vegas economy. Las Vegas homes and land have increased in value as the population has exploded in the last 15 years. If you are searching for Las Vegas Nevada real estate, call (702) 277-0075
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