Las Vegas Real Estate Blog

Archive for November, 2005

Henderson Condos under $200,000

Wednesday, November 30th, 2005

With skyrocketing real estate prices in Las Vegas, more and more people are discovering the pleasure and affordability of condominium living. Condos are an intelligent living choice with prices thousands less than a single residential property and amenities that include pools, spas, gyms, gated community and covered parking. Some of the best condo deals are in Henderson, the city away from the strip. Take a look at some of these affordable condos in the greater Henderson area.

For more information on homes and condos for sale visit www. homesparadise.com

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Housing Inventories and Prices Increase

Wednesday, November 30th, 2005

The National Association of Realtors reported that sales of existing single-family homes, co-ops, and condos declined 2.7% in October. The inventory of existing homes for sale jumped 3.5% to 2.87 million. Inventory as a percentage of current sales is now the highest since June 2003. The overall number of units on the market is the largest since April 1986. However, the rise in existing inventories has yet to impact existing home prices.

The regional breakdown is as follows:
In the South: home sales decreased 1.8% with the median price setting at $196,000 - up 18.1% from one year ago.
In the West: existing home sales declined 1.2% in October with the median price up 16.2% from 2004 to $316,000.
In the Midwest, sales declined 1.9% with prices rising 10.4% from 2004 to $170,000.
In the Northeast, home sales declined 7.4% while the median price rose 10.5% to $252,000.

For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.

New Real Estate Pricing Strategy Gains Ground

Wednesday, November 30th, 2005

There is a new trend among real estate agents hoping to boost traffic for homes that have set on the market for a longer period of time. Real estate agents are starting to list homes with a price “range” instead of a fixed asking price. For example, homes valued at $250,000, are being listed by agents with a price range of $225,000 to $275,000.

Supporters of this new value range marketing strategy believe that it exposes a property to more buyers who may not have otherwise looked at a property because of its higher price tag. Additionally, some backers believe that it sometimes assists in spawning multiple offers that ultimately leads to a higher selling price. While this strategy has been slow to catch on in some areas of the country, it has started to gain momentum when markets begin to slow.

Las Vegas Real Estate information by MillionSaverHomes.com a local Las Vegas real estate broker.

Sun City Anthem

Tuesday, November 29th, 2005

Sun City Anthem is an award-winning adult community offering spectacular amenities and environment in an excellent location. Built in the city of Henderson, Sun City Anthem sits in a natural Mountain landscape with breathtaking views of the Las Vegas Valley. Homes in this area are a spectacular investment and are all built to Del Webb quality standards. Take a look at some of the available homes in the Anthem area and visit MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513. for more information.

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Las Vegas Townhomes with two car garage

Tuesday, November 29th, 2005

Living in Townhome is very similar as having Single Family home. The difference is that you can get townhome cheaper than Single Family Home. We did search and found you some townhomes with 2 car garage.
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For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.

IMN Symposium To Cover the Las Vegas Condo Hotel Boom

Monday, November 28th, 2005

On December 6-7, The Mandalay Bay Resort & Casino of Las Vegas will host the traveling Information Management Network’s (IMN) “Symposium on Financing, Developing & Operating Condo Hotels”. The Symposium will feature top developers, owners, and service providers at the premier event for the condo hotel industry. The Symposium will conduct 28 different sessions focusing on issues that affect most developers, investors, and prospective buyers involved in the Las Vegas High-rise Condo Market.

These sessions will feature some of the most successful condo hotel investors, managers and developers discussing a variety of issues. IMN has over 35 hotel brands, financiers, law firms and other service providers sponsoring the event including The Carlton Group, Greenberg Traurig, Condo Hotel Center, MC2 Consultants and Sunburst Marketing Group.

For more information on Las Vegas High-rise Condos, Click Here.

For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.

For Sale: Las Vegas Retail Property

Sunday, November 27th, 2005

Triple Five Group has placed Village Square, a 251,191-square-foot shopping center in Las Vegas up for sale. The property is being offered for $82.5 million. That breaks down to approximately $328/square foot with a capitalization rate of about 6%. While retail properties in Las Vegas are currently trading around $182/square foot, properties in the city’s southwest market are commanding higher prices.

The Triple Five Group is a real estate investment firm controlled by the Ghermezian family of Iran. The company develops and owns retail, hotel, and industrial properties throughout the world. It has ownership interests in the world’s two largest malls, West Edmonton Mall in Edmonton, and the mall of America in Minneapolis.

Las Vegas Real Estate information by MillionSaverHomes.com a local Las Vegas real estate broker.

Mortgage Rates Down

Friday, November 25th, 2005

Freddie Mac just released the results of its Primary Mortgage Market Survey. The survey indicates that the 30-year fixed-rate mortgage (FRM) averaged 6.28%, with an average 0.6 point, for the week ending November 24, 2005. This is down from last week’s average of 6.37%. At this time last year, the 30-year FRM averaged 5.72 percent. The average for the 15-year FRM this week is 5.81%, with an average 0.6 point, also down from last week when it averaged 5.90 percent. A year ago, the 15-year FRM averaged 5.15%.

“Lower oil prices — at least compared to the last several months — have helped to alleviate some of the inflation fears that the market has been experiencing lately,” said Frank Nothaft, Freddie Mac vice president and chief economist. “That helped to reduce upward pressure on interest rates last week, allowing mortgage rates to ease a bit for the first time in 13 weeks.”

For more information and to check on current availability, contact MillionSaverHomes.com a Las Vegas real estate at 702.212.3513.

Las Vegas Mirage getting a 2006 update

Thursday, November 24th, 2005

The Mirage, once one of Las Vegas most prestigious Hotel-and-Casinos but more recently showing a few wrinkles, is getting a facelift next year.

Las Vegas MAYOR: Graffiti Artists “should have their THUMBS CUT OFF on TV”

Thursday, November 24th, 2005

Las Vegas Mayor Oscar Goodman has suggested that those who deface freeways
with graffiti should have their thumbs cut off on television. Goodman, appearing
Wednesday on the “Nevada Newsmakers'’ television show, said, “In the old days in France, they had beheading of people who commit heinous crimes.”

OK. Another idea of the happiest mayor in the world:-)

OK. Another idea of the happiest mayor in the world:-)read more digg story

For more information, contact MillionSaverHomes.com a real estate broker at 702.212.3513

Archive for November, 2005

Henderson Condos under $200,000

Housing Inventories and Prices Increase

New Real Estate Pricing Strategy Gains Ground

Sun City Anthem

Las Vegas Townhomes with two car garage

IMN Symposium To Cover the Las Vegas Condo Hotel Boom

For Sale: Las Vegas Retail Property

Mortgage Rates Down

Las Vegas Mirage getting a 2006 update

Las Vegas MAYOR: Graffiti Artists “should have their THUMBS CUT OFF on TV”

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