Queensridge Las Vegas Almost Finished queensridge las vegas  -  queensridge place las vegas - queensridge summerlin  http://www.las-vegas-homes.biz    Queensridge Las Vegas is almost completed which is located on the corner of Rampart and Alta. Queensridge Place Las Vegas home prices range from $1.5 million to more than $20,000 million. Queensridge Summerlin is 85 percent sold with 219 total condo units. There are 44 floor plans available from about 2,000 sq. ft. to over 16,000 sq. ft. One Queensridge Place Las Vegas is being touted as the only suburban vertical living condominium community in Las Vegas. It is a partnership project between Las Vegas-based Executive Home Builders (EHB) and Peccole Nevada Corporation.The Queensridge Place Las Vegas project is an upscale one. Units are ex... 08/03/2007

 Sky Las Vegas Penthouse Brings $904.54 Per Foot sky las vegas condos - sky las vegas high rise- sky las vegas condo http://www.las-vegas-homes.biz  The Las Vegas luxury market continues to grow and surge ahead while the residential Las Vegas market continues it's slide. This past week there has been two record purchases in the luxury residential and high rise market. Sky Las Vegas Condos announced the sale of a 2,985 sq. ft. penthouse while a home in Summerlin Las Vegas Ridge's posted a record for price per sq. ft. Most of the units at Sky Las Vegas Condo go for around $650.00 per sq. ft. The $904.53 per sq. ft. was a local Las Vegas record for a Las Vegas high rise in a gray shell state, without floor-covering, appliances, lighting and other interior design elements. The Las Vegas lu... 08/03/2007

 Our housing market is soft, everyone agrees with that statement. There are a couple of pockets that are still doing well, like New York, Seattle and Salt Lake City, but the rest of the large metro areas have turned into nice buyer's markets. Some a little more so than others. This downturn has also been noticed abroad and that spurred the National Association of Realtors, or NAR, to conduct a study on the scale of foreign involvement in our real estate.What the research discovered was that roughly one in five U.S. agents sold a second home to a purchaser from abroad. So, it looks like the word is spreading fast on our soft market and the attraction clearly goes beyond our borders. Which is just fine. A buyer is a buyer.There are other well-founded reasons, however, to the increased int... 08/03/2007

Indian Wells, like the rest of Las Vegas, has slowed down.  There are currently over 23,000 active listings in Las Vegas.  That's A LOT of competition!There are currently 8 condos available in Indian Wells, 2 have been withdrawn from the market (by the owner) in the last month. Several have reduced the price...hopefully this will get some activity on them and help get them sold.  Three have closed in the last 7 months. All have been listed for 2 to 9 months.  Why do you think the price range on these is so WIDE ($169,900 to $224,000 for an identical unit)? For loan purposes the appraiser is going to look at what's sold, when and how much it has SOLD for (NOT the asking price).  Appraisers only look at 'comps' going back six months.   If there are no comparables in that time frame they w... 08/02/2007

The Red Rock area in Las Vegas has world renown rock climbs. Besides being one of the more beautiful features of the valley, it draws some 1 million visitors per year. Some of these visitors come to enjoy the red colored sandstone rocks.The area is located just west of the Summerlin housing communities. It is just far enough away that Las Vegas is hidden from view. Climbers can get back into some of the more remote areas to get away.Many of the climbs are multipitch. There are easy climbs and bouldering and there are highly rated climbs. Several routes are established with bolts and some require anchors.There are routes for rapelling and routes for top rope climbs. Significant documentation is out there to set up a trip. 08/02/2007

Man have I been busy. Last Saturday and Sunday I sat at an open house for a home that was getting ready to go to auction this Sunday (August 5th).There are going to be about 90 homes up for auction this Sunday, all of which are bank owned. The auction company is Hudson and Marshall.I've never looked at auctions before because I have been under the predjudice that they are not a good deal, agents don't get paid, the process leans in favor of only the seller, etc. Sort of like going to court house steps.The thing I have found out about these is thatThere is no reserve30 day escrow2% paid to agents (Doesn't affect bid price negatively)Seller pays for title insurance (free and clear title is transfered)Probably some other reasons why I am looking at these differently, but one cool thing I h... 08/02/2007

Home sales activity in Silverado Trails, a neighborhood in the master planned community of Silverado Ranch in Las Vegas, NV remained steady in the second quarter of 2007. Five homes closed in the 2nd quarter, matching the total in the first quarter.Existing resale inventory increased by four to 23 homes (plus 1 with an accepted offer), continuing the trend of a buyer's market. Price, features and condition will be the leading factors that determine whether or not buyers write an offer on a home. Homes in Silverado Trails are convenient to the south Las Vegas Strip, Anthem, Green Valley Ranch and the I-215 Beltway.Here are the details of the second quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date9740 Silver Dew19414/3$359,000$342,1502504/04/071591 Silver Knoll15583/... 08/01/2007

Home sales activity in Silverado Hills, a neighborhood in the Silverado area of Las Vegas, NV fell sharply in the second quarter of 2007. Just one home closed in the 2nd quarter, compared to 4 in the first three months.Existing resale inventory of 6 homes (plus 1 with an accepted offer) means buyers still have a few choices. Still, the reduction in inventory from the 1st quarter's 11 homes is encouraging news for sellers. Homes in Silverado Hills have convenient access to the I-215 Beltway and are close to the amneties of Green Valley Ranch and Anthem.Here are the details of the second quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date9602 Hawaiian Summer29685/3$509,000$487,000304/19/07 (GLVAR deems information reliable but not guaranteed. Properties listed and sold ... 08/01/2007

The drastic growth in housing inventory in Las Vegas has caused prices to dip some. Surprizingly, home prices have remained resilient compared to other markets in the US. The good news is that the Las Vegas market shows strong signs of recovery in the near future. A local representative of First American Title Co. recently held a meeting where team members were in attendance. A statement was made that some 60,000 jobs are slated for third quarter 2009 just for some of the projects on the Strip. An article in the RJ suggests the World Market Center will be a catalyst for business growth spurring more employment opportunities. Other buzz suggests that the end of 2008 will see considerable momentum in the housing market.Las Vegas is resilient in part because of the great job potential. Tho... 08/01/2007

 It's no secret that Southern Nevada is in the tight grip of a worrying drought. Actually has been for several years now. As a result, several water use restrictions have been implemented. Homes built after 2003 are generally banned from having front lawns and turfs in the back have limits. Clark County is presently denying any requests for new golf course developments. Yet, more needs to be done, agrees everyone you ask.SNWA, or Southern Nevada Water Authority, is tasked with providing ample supply of the precious resource to the area and it's now increasing its efforts to do just that. It compiled an interesting statistic to further its goals. It took aerial photographs of the entire valley and created a so-called turf inventory. It identifies neighborhoods in the city that have the h... 07/31/2007

He just might do that. Unfortunately for the fans of the great entertainer it's only his name that is thinking about a comeback. Nothing else. Elvis won't be in the building.A real estate firm out of New York a short time ago acquired total control of 18 acres of land between MGM Grand and Planet Hollywood. It can be said that this is prime territory right on the Strip. The company has aims to develop a mixed-use project on the site that would include residential, in short condominiums, hotel, retail and casino components.How Elvis fits in the picture is that the firm owns licensing rights to his estate. Please click here to read the entire article.   07/31/2007

Give me a T, give me an R, give me a U, give me an M, give me a P.  Yes, the TRUMP is finally on the TRUMP tower. Day by day last week the letters went on the building...one letter a day.  With just a few more months before the grand opening of tower 1 (January 2008) Donald Trump's latest venture is in its final stages. The Trump Tower will be a 64 story hotel-condominum.  It is being built across the street from Wynn Las Vegas.  It will feature both non-residential hotel condominiums and residential condominiums.  Due to the overwhelming sellers response from the first tower, a second, identical tower will be built next to the first tower. When completed, it will be Las Vegas' tallest residential building at 620 feet. http://www.maryw.com/   or  http://www.marywarren.com/ 07/31/2007

EXTREME MAKEOVER: HOME EDITION  is currently looking for a worthy Las Vegas family!  Do you know of someone whose home could use a makeover?  All the details, as well as the application, can be found by clicking here.  Deadline for submission is 8/17/07.A display of Pablo Picasso's Ceramic Works will be on display at the Bellagio from now until Januray 2008.Prices at the pump are going down...average price of a gallon of gas in Las Vegas today was $2.92.  I've seen it a lot cheaper than that...one place was as low as $2.75.  I filled up yesterday for $2.80.  Christmas in July - BIG KUDOS to Walker Furniture of Las Vegas...they brought a special treat over the weekend to a 10-year-old who is battling cancer - a new bed.  The girl has a tumor in her head and the hospital would not release... 07/30/2007

 Condo developers are gradually putting their arms around the green building concept and doing so in innovative ways. They know the residential real estate market for the eco product is still in its infancy, evolving, yet there are encouraging signs that it's gaining traction. More of it every passing day. Let's look at some recent environmentally-friendly projects across the country and what they've done.A loft development in Massachusetts gets heating and cooling from underground geothermal plants. In essence they've drilled twenty wells deep into the earth and filled them with water that maintains 50 to 55 degrees throughout the year. Then heat pumps that operate like refrigerators transmit cold from the water in summer and heat in winter into the units. Utility bill savings go from ... 07/30/2007

One of the Maloof brothers has reportedly decided to buy a home in the south end of Las Vegas. The Maloofs, having significant interests in Coors and Miller distributing, Wells Fargo, NBA Sacramento Kings and The Palms hotel-casino in Las Vegas, found a house in Southern Highlands that seemed to suit perfectly.The list of celebrity and/or household names who buy in Vegas continues to grow... 07/30/2007

Las Vegas's 2 most talked about subjects In the news today online and on the local cable networks there have been two main topics that are getting talked about in Las Vegas and they are foreclosure rates and information about High rise Developments. These are 2 of my favorite topics to talk about because i am a Realtor for Coldwell Banker Wardley here in Las Vegas and i like to stay up to date with happening events in both those categories. Well the NEWS about the foreclosure rate is that for the last six months Las Vegas has led the Nation with highest foreclosure rates. This isn't a surprise to me or other people who have been following the foreclosure market for some time now. Like i have written in past post, I don't believe the foreclosure rates will return to normal for at least ... 07/30/2007

A Las Vegas high rise condo just set a new high. One week after a Summerlin property sold for more than $1000 per square foot, a luxury Sky Las Vegas condo sold "gray-shell" for more than $900 per foot. Gray-shell means it didn't have flooring or any other cosmetics.Supposedly the view is incredible. The Las Vegas RJ stated,"Why the high price for the penthouse? The view, which Ezra said is "arguably one of the best" on the Strip. The unit looks south down Las Vegas Boulevard, past Mandalay Bay to McCarran International Airport, and its view spans east toward Nellis Air Force Base. The home's owner will be able to see the planes landing at both sites, Ezra said."That must be some view to be worth so much without even being completed. It's interesting to see how people with money are sti... 07/30/2007

The following was in response to a clients question about the Las Vegas Real Estate market in 3yrs. Diane,First of all, real estate is local. Much of the hype that consumers get about the real estate market come from these national syndicates who base their ideals off of national trend and tend to try and apply that to different localized markets; Las Vegas real estate being a very popular target due its past explosion of home values. A local appraiser has followed 10 homes for the past two years to see what affect the correcting market has done to them. He has seen only a 2% drop in their appraised values. This is pretty standard to all of Las Vegas. Some national experts have said that the Las Vegas real estate market has to drop another 30% before it fully corrects. Even the worst of... 07/30/2007

Lenders lend. Realtors market and sell houses. So, is a Realtor responsible for the lending program a buyer chooses? Indirectly they may be.As agents we often refer buyers to lenders we know will close the deal. Buyers trust our judgement when forming relationships with other industry professionals. Though a lender can charge what they want, recommend the programs they want, and close a deal how they must, we can look out for our clients to stave off potential foreclosures.NAR President, Pat Combs, suggests we can reduce the chance of foreclosure for future buyers by doing the following:Advocating for smart lending practices Talking to lenders we work with to understand how they handle delilnquent mortgages Learning what our state and local governments and local nonprofits are doing to ... 07/30/2007

Home sales activity in Concordia at Deer Springs, a neighborhood in northwest Las Vegas, NV showed mixed results in the second quarter of 2007. On the positive side, six homes closed in the 2nd quarter, compared to four in the 1st quarter.On the negative side, existing resale inventory increased from 12 to 17 homes (plus 1 with an accepted offer) which strongly favors buyers. In order to get homes sold, sellers will need to price aggressively, give the home maximum marketing exposure, and keep their homes in top showing condition. Homes in Concordia at Deer Springs have convenient access to the I-215 Beltway and are close to Red Rock and Mount Charleston for plenty of outdoor recreation fun.Here are the details of the second quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClos... 07/28/2007