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Las Vegas, NV Real Estate News

By GUY Trendz, Home Gifts and Products for Men
(GUYTrendz)
Astoria Homes seeks to understand the home buyer and owner. They claim to provide attainable homes in the most desired locations. They offer prices below the typical sales price in the best parts of town.They tout the ability to maximize living area by getting the most square footage out of every room. The trim expenses by building with energy smart materials and methods. Their appliances and materials are top-of-the-line and quality rich. They hire qualified teams for design and construction. They offer a 10-year warranty on their craftsmanship.They have a design center where buyers can choose features, options, and upgrades. Astoria strives to tailor a home to the new owner.As a builder they focus on a great community with great amenities. Some include swimming pools, parks, ball cour...
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By GUY Trendz, Home Gifts and Products for Men
(GUYTrendz)
The number of home listings in Las Vegas has continued to grow since the beginning of the year. More and more homes have been put on the market. Local authorities in the valley suggest this increase will create a new norm. Expect the current number of homes to remain steady. Many believe this 6-7 months of inventory still represents a very healthy market. Steady prices support that theory.So, what is a listing? Getting back to basics for all potential sellers, a listing is a contract. A home seller agrees to allow a brokerage (and respective agent) to market a home to find a buyer for it. The seller may pay the representing broker/agent in a number of ways. A common method of payment is to pay a percentage once the home has successfully sold and escrow has closed meaning there is a new ...
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By Hildreth Barnhill, Las Vegas Real Estate Team -
(Specialists Real Estate)
A Las Vegas home is much more than just a Las Vegas house. Owning a Las Vegas home can be very rewarding. The homes are best known for the great appreciation they have received in recent years. New residents move to the valley in thousands per month. The demand on great homes has caused the values to jump considerably.Newcomers to Las Vegas find homes that fit their needs. As they move to Las Vegas they find a place that fits their lifestyle. They research great communities and make a home out of great living opportunities. These communities offer amenities and features that provide comfort and accessibility. They live close to work, play, church, family, friends, and/or schools. It doesn't take long before people become accustomed to the climate, culture, and city. They find joy in cal...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
This Rhodes Ranch Area market report was generated on May 20, 2007: Active Listings, Under Contract, Sold and Rental Reports for the "at" Rhodes Ranch Area!  Includes:  Apache Hills, Apache Springs (The Falls), Astoria Homes at Rhodes Ranch (Independence), Canyon Trail, Huntington, Liberty @ Warm Springs, Maplewood, Rhodes Ranch, Richmond@ Rhodes Ranch, Sierra Madre, Venezia, Vistana.PDF Reports are easy to read and are divided by subdivision but it is not clearly marked.  Notepad Reports are harder to read but the subdivisions are clearly marked.  Statuses are as followed:  EA/ER = ACTIVE LISTINGS, C/P = UNDER CONTRACT, S = SOLD      Active/Under Contract/Sold PDF Report.Rental PDF ReportFor More information on the Rhodes Ranch Area:  www.LivingAtRhodesRanch.com For Subdivision Virtual...
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By Robert Ratliff, RE/MAX Realtor Las Vegas
(Ratliff Realty Group RE/MAX Las Vegas)
Weekly Snapshot 5.29.2007 Bob Ratliff - Las Vegas, Nevada real estate news http://www.las-vegas-homes.biz   Headline A special Tuesday edition due to the Memorial Day holiday! More than 25,000 listings are now offered in the Las Vegas marketplace in the MLS. The number of available homes and condos for sale are at an all time high. Some of this is to be expected as our city grows and more homes are on the market relative to the number of homes in the valley. However, inventory communicated in terms of supply is not pretty. At more than 15 months of inventory-also a market high – there are lot of homes for a buyer to choose. New to the snapshot this week is average DOM (days on market) for those homes that closed in the last 30 days. It is not as high as one would think at first glance....
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Dazzling lights, erupting volcanoes, pirate ships and sky-high roller coasters are what greet you when you first enter into one of the most exciting cities on the planet-Las Vegas. As you travel through this sparkling oasis in the desert, you will find that our city has a multitude of exquisite dining, gaming, entertainment, and recreational opportunities-that can only be found in Las Vegas.With all of its glitz and glitter, our town really has very humble beginnings. The name "Las Vegas," is Spanish for "The Meadows." Although dry and arid in appearance, the valley has a rich network of artesian springs running beneath the surface. In the early 1800's, this area was a stop for travelers making their way to Los Angeles along the Spanish Trail. They would stop to refresh themselves at th...
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By GUY Trendz, Home Gifts and Products for Men
(GUYTrendz)
In the middle of all of the loan program issues the Las Vegas interest rates jumped up considerably. The RJ reports: "The benchmark 30-year, fixed-rate mortgage rose 10 basis points to 6.42percent, a Bankrate.com national survey of large lenders found. A basis point isone-hundredth of 1 percentage point.The 30-year rate hasn't been this high since the last week of January, whenit was 6.42 percent."There are few predictions whether or not rates will continue to rise or drop. Enough factors have been shaken up recently to have a good gauge. We'll continue to watch the rate trends to see where they go.
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By GUY Trendz, Home Gifts and Products for Men
(GUYTrendz)
Important as teachers are their pay seems not to match up with the standard of living in the Las Vegas Valley. Teachers have to get creative when finding financing that makes sense for them.Married teachers often find both spouses in the work place. Single teachers will find roommates to split the costs to own a home. We worked with one teacher who just made it part of her plan to consistently share her home with a renting roommate. One young man actually made a profit on his home by renting out to 4 others. The house was large enough to cater to a larger group.Some teachers will buy only what they need and find they can afford it. Some consider condos while others look for rehab projects as investments. Over a summer they will fix up the home and roll the equity into the next house the...
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By Esko Kiuru
 Let's step away from the subprime discussion and go into something else that for a change should yield positive returns. Enough is enough. Undoubtedly a mortgage is the single largest debt obligation we'll ever sign up for. It can be intimidating, but it doesn't have to be. If handled correctly, it can work to our financial benefit. Why don't we take a look at some ideas here.Financial experts tend to agree that mortgage money is the cheapest money around. The low rate is just one thing, the other is that the interest is tax deductible. And this brings us to the equity that has accumulated over the years. It can be tapped in a refinance for a house remodel, college expenses, investments and many other uses. That gives us a good start. A home loan can be used as a leverage, too. Say we ...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Economic Conditions April 2007Housing Conditions: Foreclosure/Short Sale Listings (5/23/2007):  Total Listings (5/23/3007)  24,996; Foreclosures Commenced: 911, 3.6% of all listings; Short Sales: 1353, 5.4% of all listings; Both Foreclosures Commenced AND Short Sales: 284, 1.1% of all listings. New Home Sales (April 2007, units sold):  1,162  Year Change -46.9% (excl condo conversions, highrises) New Home Sales (April 2007, median price):  $313,000  Year Change -10.7% (excl condo conversions, highrises) Existing Home Sales (April 2007, units sold):  2353 Year Change -36.6% Existing Home Sales (April 2007, median price):  $285,000 Year Change:  .5% Single Family Residential Permits (April 2007):  1587  Year Change -22.9%Rental Rate (MLS Monthly Average April 2007): $1537/month Month Chan...
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By Hildreth Barnhill, Las Vegas Real Estate Team -
(Specialists Real Estate)
Las Vegas Real Estate is valuable. It has experienced incredible growth in the recent history. Job growth, an appealing climate, and a booming entertainment industry are a few reasons fueling one of the greatest hot spots in America in real estate sales.Property sales in Las Vegas have shown great strength in recent years. Many investors and home owners alike have experienced great appreciation in the housing, condo, land and apartment industry. The valley has grown so rapidly due to the increase of qualified newcomers moving into the valley where new home builders have been challenged to stay ahead of housing demand. Investors are also involved in building rehabilitation projects profiting from the needs for affordable housing as home prices increase. Learn more about Las Vegas real es...
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 It's straight ahead all right, but the real question is when. First of all, let's clarify this a little. We're talking about residential real estate and more specifically about the regions that have been lately whacked by stagnant or falling home prices, high levels of listing inventories and tougher mortgage underwriting standards. As we know, all real estate is local, so some areas are doing just fine, like generally the Northwest and New York City.The rebound may still be a few months away for the affected regions. We're seeing encouraging signs, though, that the slide appears to have come to a halt and where you go from there is up. First cautiously maybe, but up anyway. Just last week the Commerce Department issued a report that new home sales for April jumped 16.2%, a solid gain....
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By Jacqulyn Richey, Las Vegas Real Estate
(Prominent Realty Group)
The future of Las Vegas condo developments is at hand --- Promenada. This project is located on Rainbow Boulevard and Warm Springs Road. Promenada is a mid rise condominium work/play project. One of the things that sets it apart from every other condo project in Las Vegas are the floor plans. It is the only one to offer handicap accessible plans----standard.   Potential residents with special needs now have a choice of luxury floor plans right away. Every condo comes with a host of what is consider upgrades at other projects. Stainless steel appliances, bamboo and engineered laminate flooring, low e windows and more.   The promenade will feature retail within the community and the project has already broken ground. The project is also pet friendly and will feature a putting green, outdo...
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By Robert Ratliff, RE/MAX Realtor Las Vegas
(Ratliff Realty Group RE/MAX Las Vegas)
Business And Market Fundamentals of Downtown Las Vegas Bob Ratliff - Las Vegas REALTOR http://www.las-vegas-homes.biz Population/Employment/Demographics • The current residential population in the downtown redevelopment area is 33,407. (city of Las Vegas Planning and Development, July 2006) • Downtown employment estimates for 2005 were 60,652; state, county and city governments employ more than 18,500 downtown employees. (city of Las Vegas Planning and Development, July 2006) • The city of Las Vegas’ current Standard & Poor’s bond rating is AA, which reflects an expectation that the city will continue to prudently manage its significant capital needs and development plans, while maintaining good financial reserves. Fitch Ratings affirmed the AA rating, and Moody's Investors Service add...
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When you're hiring a home improvement professional, you're essentially buying that person's ability to envision your dream and bring your concept to life. It is of critical importance to find a trustworthy, licensed professional for any work that includes carpentry, drywall, concrete, insulation, plumbing, painting, flooring and tile. This becomes especially true when selling real estate, because of the inherent liabilities that come along with improvements, repairs and disclosures.   We all know that it is especially difficult these days to find a contractor that provides strong customer service, guarantees their work, and does it all at a fair price. Here are some helpful hints for sorting through the rubbish and getting the job done. Some of this may seem general, but forgetting one ...
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By Eveline Tritsch
(House 2 Home Realty)
OK, so I might not have the greenest thumb of them all, but I landed a really great landscaper!!!  A little history about me.  I grew up in The Netherlands with beautiful fields of tulips, greenery, forests, allright, you get where I'm going with this.                                                                                                                            With me at the age of 14, our family goes for the American Dream and we move to San Jose, California.Still mild temperatures, still allright to plant some flowers to remind us of home.Fast forward to 1997....Viva Las Vegas!  Hot...Dry...Desert...Water shortage...Now what to do???Well, I learned that both in real estate and in the desert, you have to overcome certain obstacles.  Once you learn that, well, anything can ...
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 The green town of the future is already on the drawing board for a Florida Panhandle site. The developers are determined to join the gradually growing $12 billion a year sustainable building industry and make Sky a reality as soon as possible. Upon completion it would house about 600 families on 571 acres, roughly half of which would be reserved for farming where homeowners can grow produce in their own gardens or in community plots. The developers like to caution here that it's not going to be a commune, like where the hippies of days gone by went to live.It's designed to attract people who are environmentally conscious and want to join others thinking the same way. They're those who just want to say no to large, crowded cities and clogged freeways. They have the necessary desire to c...
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By Aaron Whitten
(Universal Realty)
America's priciest real estate is just getting more and more expensive. Why? A good mega-mansion is hard to find."God's not making any more land. [Trophy properties] are a true microeconomy with much less supply than demand," says Mauricio Umansky, an associate at Hilton & Hyland in Beverly Hills, Calif.Many of the deals are done in cash - and as in lesser markets, some of the properties sell quickly and some don't."Think of it this way," Umansky says, "I could put three mega-yachts in a line - one contemporary, one traditional, and one Mediterranean. I don't know which one is going to sell because I don't know which one Larry Ellison or Bill Gates is going to pick."Here are the top 10 priciest properties for sale in the U.S.1. Hala Ranch Aspen, Colo., $135 million: Owned by Prince Band...
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By Robert Ratliff, RE/MAX Realtor Las Vegas
(Ratliff Realty Group RE/MAX Las Vegas)
Juhl Reaches Tenth Floor!   Juhl reaches tenth floor.....with 65% sold! by Bob Ratliff, Las Vegas REALTOR®Las Vegas NV Real Estate     Juhl will soon be lighting up downtown skyline as part of a revitalization that includes incredible new shopping, dining, entertainment, arts, and cultural scence.  This project is located within a walkable dining and entertainment corridor that city officals envision as the Las Vegas version of the Gaslamp Quarter in San Diego or Beale Street in Memphis.   The projects surrounding area includes the World Market Complex, where phase three of the furniture retail complex. Additionally, the projects surrounding location has become the center for downtown special events, such as the recent Vegas grand Prix, the annual Dowtown Hoedown and the Las Vegas Marat...
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By Aubrye Harris, Realtor
(Coldwell Banker Wardley)
I know that most of the information I provide to you is focused on the Las Vegas and Summerlin Real Estate market ... but there are certain causes that are extremely important to me, one of which is the growing problem of addiction we have with our youth and our community in general.In Las Vegas, one of the largest drug addictions we face is Meth.  Now, Nevada has chosen to fight back and help our youth in the fight against Meth - a horrible drug.In January of this year, a 30-minute documentary titled Crystal Darkness was aired in Northern Nevada.  It's a collaboration between local media, schools, law enforcement, recovery specialists and the business community.  It had a tremendous reaction and is going to be airing again in Reno and for the first time in Las Vegas.On this Wednesday, ...
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