As I watched FOX NEWS today, the  real estate news was that the housing market seems to be turning around and prices seem to be stabilizing,  EXCEPT in Las Vegas and Tampa, where we might still see double digit price declines.  Then, another article just came out in the Wall Street Journal, that talks about Las Vegas foreclosure bidding wars, thin inventory levels, and multiple offer situations on well priced bank owned foreclosure listings. Welcome to Our World!!

Cash Buyers are plentiful and those needing loans are at an extreme disadvantage when bidding for a Las Vegas foreclosure. Desirable properties are receiving 20 + offers the first week they are listed. Buyers are required to purchase "AS IS".  Sometimes, new homes and condos in buildings that are owned by the lender in the entirety, make for a better deal when aggressively negotiated by a savvy agent. NYSE new home builders such as DR Horton and Pulte have fabulous alternatives in beautiful brand new homes at pricing similar to the myriad of Las Vegas foreclosures. All this - with a 10 year builder warrantee!

Contact THE STARK TEAM to help you sift through the many Las Vegas and Henderson NV foreclosure Listings and new home communities.  Do you research on line with the click of your mouse at www.Las-Vegas-Foreclosures.info

CLICK TO READ - LAS VEGAS FORECLOSURE BARGAINS MORE DIFFICULT TO BUY

View of CityCenter from Panorama Towers

TAKE THE TOUR of PANORAMA TOWERS III - Owned by the Construction Lender

Trump Tower Las Vegas - Prices Slashed 50%

Take the Tour of a TRUMP TOWER STUDIO - Priced at $150k

Take the Tour of a TRUMP TOWER 1 BR priced at $ 329k - Original Cost was $850k

Visit: www.lasvegascondobargains.com

Picture Postcard Las Vegas Strip Views Can be Yours From this

TRUMP LAS VEGAS 1 BR Fully Furnished Beauty

TAKE THE VIRTUAL TOUR

Origianally Purchased for $850k

Now on Sale for $329k!!!

It's a sign of the times.  If you want to sell your property in Las Vegas, you must compete with the many foreclosure listings that are listed in the Las Vegas MLS. Realistic sellers understand that their property will just languish on the market if it is prices at "what they need" to get out of it to sell.  Real estate agents are instructed by their clients to find them that aggressively prices bank owned repo listing, and a savvy agent will also search non repos in the hopes of finding the true gem - a regular sale priced just like a foreclosure!

Check out the Virtual Tour Link above to see TRUMP TOWER # 3106 - a 1 BR 1 3/4 bath condo that has been priced to sell.  This condo is offered fully furnished in 910 sq. ft. with monthly HOA dues of about $760 and on optional on-site rental program.

Amenities at Trump Las Vegas Include:

Search Las Vegas Strip Area Luxury Condo Foreclosures

CONTACT THE STARK TEAM

702 376-5220

Trump Tower Las Vegas Hotel-Condo # 2108 Offered at $150k - Original Cost was $550k

TAKE THE VIRTUAL TOUR

This fully furnished studio condo on the 21st floor of Trump International Hotel and Tower is listed aggressively at $150k for a fast sale. Purchases Must be All Cash Only. On Site Rental Program is Optional.  HOA dues are about $370 per month.  Rental Statements Available.

Amenities at Trump Las Vegas Include:

CONTACT THE STARK TEAM for More Info 

702 376-5220

Looking for other great values in a Las Vegas Strip Area High Rise Luxury Condo?

Visit: www.LasVegasCondoBargains.com

With buyers  and real estate investors strongly focused on researching the latest Las Vegas Foreclosure Listings for free, The Stark Team has recently re-tooled www.Las-Vegas-Foreclosures.info to include up-to-date and accurate listings, info, photos, and pricing.  The data featured on this site is pulled directly from MLS feeds for our Greater Las Vegas Association of Realtors data base which includes Henderson NV real estate foreclosure listings as well.

Search Las Vegas Strip Area Condo Foreclosure Listings

For convenience, we have divided the foreclosure listings into sections featuring Las Vegas Foreclosures by price, Summerlin foreclosures by price, zipcode, and condo or single family home categories as we have also done in the Henderson NV Foreclosure categories.

Contact The Stark Team as your Las Vegas and Henderson NV foreclosure real estate agents.

702 376-5220           702 236-8364               702 232-5376

www.LasVegasCondoExperts.com

www.junestark.com

www.LasVegasHighRiseBargains.com

One Las Vegas is now comprised of two luxury towers situated a few miles south of Mandalay Bay on the south strip.  These towers were caught in the midst of the financing issues and loans dried up during the closing process leaving these towers with oodles of unsold inventory.  When Corus Bank, the construction lender became insolvent, Starwood has taken over the project and as of this week, has released units for sale.

Take the ONE LAS VEGAS VIRTUAL TOUR

Pool Area Below as Viewed from the Glass Balcony of a One Bedroom Unit

HOA dues at this project are about 44 cents per square ft which includes cable and web access as well as a myriad of amenities including a sports lounge, lavish gym, tennis courts, concierge and so much more.  The nice thing about these luxury condominiums is the attention to detail in the design of the floorplans.  They are so live-able, and feature large closets, laundry rooms, glass balconies, upgraded bathrooms, high ceilings and each unit comes with dedicated parking and a private storage unit.

Buyers will enjoy the proximity to the new Turnberry Towne Center Mall and other great shopping on the south strip as well as the South Pointe Casino & Hotel - The new hip and trendy M resort, and the Silverton, not to mention a quick 2 mile drive to the Mandalay Bay.  From the minute you enter the 2 story marble-clad lobby, you are surprised by the design and luxurious vibe in one of Las Vegas' newest high rise towers.

At the moment, purchases must be all cash only. Prices start at just under $200k.

CONTACT US for FLOORPLANS AND PRICING

Lobby Area Below

Call June for more info at 702 376-5220

www.LasVegasCondoBargains.com

www.LasVegasHighRiseBargains.com

www.LasVegasForeclosureWorld.com

Another sign of the times - Lake Las Vegas' Ritz Carlton has closed its doors. CLICK TO READ THE NEWS

What a shame, more people will now be unemployed. With Lake Las Vegas Masterplan in bankruptcy, the real estate at this beautiful resort 17 miles from the Las Vegas strip has seen some of the most dramatic price drops in Henderson real estate. Condos and townhomes are selling for 20 cents on the dollar in many instances, and the sales velocity is good, despite the fact that no lender will lend and purchases must be all cash only.

Lake Las Vegas is a peaceful, tranquil community, that offers a unique alternative to resort living in Las Vegas. But with the closure of the Ritz  - I can't help but think prices may decline even further. 

View TRAMONTO CONDO RESALES AT LAKE LAS VEGAS

Looking for a Las Vegas Foreclosure?

Visit www.LasVegasForeclosureWorld.com

702 376-5220

With buyers focused on Las Vegas foreclosure listings sometimes real estate agents skip the part of the MLS that lists regularly priced units.  What sellers don't realize is that sometimes these represent much better values than a foreclosure.  A savvy seller who has the ability to price his property aggressively, in a market that has agents and investors shopping for rock bottom prices, can match the repo price but offer more bang for a buyer's buck!

Case in point - Check out this 2 Bedroom South Strip Condo at Park Avenue 

Complete with Fresh Paint and New Carpet in 1100+ Sq. Ft. for only $ 199,900

 CLICK HERE TO TAKE THE VIRTUAL TOUR

Above Photo is the Indoor/Outdoor Clubhouse Pool

Visit  Las Vegas Strip Area Foreclosures Under $150k

www.LasVegasCondoExperts.com

702 376-5220

When I moved to Las Vegas, in 1972, the north end of the strip was the place to be.  We had the Riviera - and the Desert Inn ( now WYNN and ENCORE), while the south end was home to a variety of motels - the Hacienda (now the site of Mandalay Bay).  Things have changed over the years, but with Turnberry's new Fontainebleau Hotel located across from Circus Circus - and SKY LAS VEGAS CONDOS ON THE STRIP, it looked like the place to be was about to move north again.  Then the project went into bankruptcy. 

Yesterday's Las Vegas Sun had an article that said Carl Icahn has bid for the project.  At present - it sits about 50 stories high - and is faced with blue glass - and is a commanding yet unfinished presence.

READ THE NEWS - CLICK HERE.

Photo Above Courtesy of the Las Vegas Sun- Tiffany Brown

Sky Las Vegas on the Strip is at the Left

Let's hope this new resort gets to be completed and new life with be breathed into the north end of the Las Vegas strip, making the luxury strip area high rise condos at SKY, TRUMP LAS VEGAS, Turnberry Towers and Turnberry Place so attractive at these price levels of 2010.

Click to View Sky Las Vegas Foreclosure Listings

Sky Pool Area

Sky Lobby

SKY Fitness Center

www.LasVegasHighRiseBargains.com

www.LasVegasCondoExperts.com

 www.LasVegasLuxuryHomes.com

702 376-5220