Las Vegas Real Estate Blog

Centex Destination Properties broke ground this week on the Brownstones at Urban Village, located on the South Strip of Las Vegas Boulevard. The proposed plans for the Urban Village provide for six distinctive buildings at the Brownstones and include meandering walkways, gardens, a spa, a community pool complex, cafés, restaurants and commercial shopping.

The Brownstones are now available for reservations at www.urbanvillage.com. The Brownstones at Urban Village feature a mix of vintage style with classic architecture. Buyers will have a choice of one, two or three bedrooms.

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

Popularity: 21%

CondoDomain.com, has added 16 new markets to its network. Dedicated to city living and the condominium lifestyle, the website connects  buyers, brokers and developers of condominiums in one convenient place.  An additional nice feature of the website is its CondoCasts.  These are 2-4 minute high-definition movie showcases that exhibit shots of properties, local scenes and interviews with brokers and developers.  Thus, allowing buyers to ‘experience’ properties while gaining valuable insight.

CondoDomain.com Markets include:  Austin * Baltimore * Boston * Charlotte * Chicago * Dallas * Denver * Detroit * Ft. Lauderdale * Hoboken * Honolulu * Houston * Jersey City * Las Vegas * Los Angeles * Miami * Minneapolis * Naples * New York * Orlando * Palm Beach * Philadelphia * Phoenix * Portland * Providence * San Antonio * San Diego * San Francisco * Seattle * St. Louis * Tampa * Washington D.C. * Toronto

Popularity: 16%

Second Cities—from exurbs to regional hubs, resort towns to provincial capitals—are booming. They are the wave the future. A Newsweek article suggests that between 2000 and 2015, the world’s smallest cities (with under 500,000 people) will grow by 23 percent, while the next smallest (1 million to 5 million people) will grow by 27 percent.

Las Vegas has made the list of top 10 fastest growing cities according to a U.N. forecast. To read more, click here.

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

Popularity: 16%

A recent Newsweek article lists Las Vegas as one of its Top 10 Dynamic Cities.  It also profiles the city as it transitions from being known as a tourist and resort destination to a city pushing its advantage in developing several spin-off industries in high tech, finance and manufacturing.  To read the article, click here.

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

Popularity: 19%

Southern Nevada added its latest master-planned community called Providence. The community, in the northwestern part of the Las Vegas Valley is a 1,200 acres build around an “American Spirit” theme.

Providence will have 7,500 single-family and multifamily houses when complete. Additionally, the community will have 33 acres of parks and 10 miles of trail systems. Another 63 acres will be set aside for two elementary schools, a middle school, and a high school and 5 acres for a neighborhood commercial center.

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

Popularity: 17%

According to figures released by Bankrate.com, mortage interest rates rose again. The 30-year fixed-rate average was up to 6.3 percent, and the 15-year fixed-rate increased to 6 percent. The 1-year adjustable was up to 5.35 percent. Freddie Mac is report a nationwide average of 6.71 percent.

Industry experts are predicting that sales of new and existing homes will decline by more than 10 percent this year as higher mortgage rates make home ownership more costly. Additionally, many in the financial markets believe that when the Fed meets next week it will increase interest rates for the 17th consecutive time.

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

Popularity: 17%

Let’s get ready to rumble!!!

In this corner, a local historic district named “David”. In the other, high-rise condo developers named “Goliath”. The bell has sounded and the participants are ready to give it their all….

Okay, maybe too much creative license, but the fight is real as one small neighborhood takes on high-rise developers.

The neighborhood just east of Las Vegas Boulevard and south of Charleston is filled with homes dating back to the 1930’s. For many that live there, it’s a peaceful way of life that is quickly disappearing in Las Vegas. What little is left, they are ready to fight to protect, and that’s just what they are going to do today at City Hall.

The fight? The City Council will vote on a controversial measure that would limit the height of new developments along Las Vegas Boulevard. It would limit buildings to a maximum of 60 feet, or five stories tall. Additionally, local residents want to prevent high-rise buildings from being built along a half-mile section of Las Vegas Boulevard.

The winner? To be determined at today’s city council meeting.

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

Popularity: 8%

With many investors rushing to pull out of the ,real estate market, opportunities may abound for home buyers looking for a deal. A recent Reviewjournal.com article is reporting that in some LV neighborhoods, buyers are securing homes for up to $50,000 off the list price. However, if you plan on sitting on your laurels and waiting for deeper discounts, then don’t. According to many local experts, inventories may be increasing and houses sitting on the market longer, but if the property is still located in a great neighborhood where supply is low, its not going to last. To read more, click here.

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

Popularity: 17%

The success rate of master-planned communities in the LV area seems to be high. After all, there are currently seven major master-planned communities now selling houses: Aliante, Mountain’s Edge, Providence, Lake Las Vegas, Anthem, Summerlin, and Southern Highlands. However, questions are being raised as to what went wrong in Centennial Hills.

The plan was for a mixed community of pedestrian friendly shopping areas and attached and higher-density housing sounded good on paper. However, instead of a community with flowing retail, mixed uses and easy access between neighborhoods and commercial districts, more of the usual (disconnected residential from retail) occurred.

A recent In Business Las Vegas article takes a look at what went wrong and what city planners plan to do differently in the future. To read the article, click here .

Popularity: 8%

Spa Lofts, a new mid-rise condo project and brain child of Andrew Sasson, will be built in the SW Valley area.  The Bauhaus style, three-building, 142-unit complex  will feature Homes ranging from 1,276 to 1,500 square feet.

Additionally, Spa Lofts will feature a 5,000-square-foot spa-and-fitness center that offers yoga, pilates and strength training as well as massages, facials and body treatments. The 70-foot-tall buildings will have four levels of residences, with covered parking below. Prices start at $360 per square foot.

Construction is expected to begin at the end of this year. A tentative completion date of February 2008 has been set.

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

Popularity: 18%