Las Vegas Real Estate Blog

Many home builders are nervous.  They’ve got a large inventory of homes, but very few buyers.  More and more are trying to coax reluctant buyers with enticing incentive packages.  In September, the National Home Builders Association did a survey of home builders and found that out of 488 single-family home builders 58% were offering nonprice sales incentives.  That was up from 51% just six months earlier.

In Las Vegas alone, recent incentives included such things as granite countertops, a $30,000 swimming pool and a one-year pass to a local public golf course valued at roughly $3,000. One builder was offering $7,500 toward closing costs or $20,000 of upgrades on homes priced around $375,000 in one of its Las Vegas divisions.

So, if you are one of those hesitant buyers, now might be the time to test the waters while the incentives are hot.

If you are looking for a home for sale in Las Vegas contact us at
702-212-3513

Popularity: 15%

Lennar’s Eagle Canyon West is an elegant, spacious gated community. It features dramatic homes filled with luxury amenities set on huge homesites. Fully decorated model homes illustrate the beauty, function and sheer size of these majestic properties. Great interior styling, and grand rooms blend to create a town and country atmosphere.

Five home designs ranging in square footage from 3,124’s to the 4,483’s feature four and five bedrooms are available. Prices start in the low $600,000s. Just minutes from the 215 beltway and shopping.

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

Popularity: 11%

A recent report from the Greater Las Vegas Association of Realtors (GLVAR) indicates that the number of homes listed for sale in Southern Nevada declined in November.  That may be a good thing for the local real estate market.

Sale prices, however, have remained fairly steady over the past 13 months. The average  single-family home in the Las Vegas area sold for $308,000 in November, which is down $2,000 from October.  For condos and townhomes, the prices was $199,950 which is down only slightly from its October average of $200,000.

Popularity: 14%

Donald Trump and his investors must be celebrating pretty heartily after they received the latest round of sales for their Trump Ocean Resort Baja in Mexico. Setting a new record for one day sales in Mexico, buyers purchased $122M worth of the condo-hotels. Almost 80% of Phase I– 188 suites ranging from $200,000 to $3 million — have sold.

If you were to take into consideration the group’s recent $700M worth of sales for the Trump International Hotel & Tower Waikiki Beach Walk project a month ago, and combined it with these sales, the two projects alone would top $820 million in luxury residences sold in just two days.

Construction forTrump Ocean Resort Baja, located just 30 minutes from San Diego is scheduled to begin in early 2007. The first tower is expected to be up by late 2008. Phase Two is set to be released in early 2007.  

If you are looking for a home for sale in Las Vegas contact us at 702-212-3513

Popularity: 5%

William Lyon’s is planning a new neighborhood within Mountain Falls, a master-planned, golf course community in Parhump. Cascata Ancora, which will have views of Mt. Charleston, will be priced in the low 200,000s.  Four single-story floor plans ranging from 1,429 to 1,774 square feet are available.  The homes include three bedrooms, two baths and two-car garages.

Neighborhood amenities include exclusive use of the community resident facility, which offers a full fitness center, and access to the Mountain Falls Golf Club, an 18-hole, par-72 course.

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

Popularity: 13%

Toll Brothers has embraced the idea that the housing slump may soon be hitting the bottom.  In their recent fourth quarter earnings call, they pointed to the fact that areas of the country in which they first noted a slowing of housing activity, i.e. metro D.C. and northern Virginia, were beginning to show signs of stablizing.   While that brings hope to many home builders it also brings the realization that the stabilization translates into significantly slower activity rates and home-price growth than experienced over the past few years.

Toll Brothers is not alone in their belief that the market may start getting better.  The National Association of Home Builders (NAHB) also believes the market will start showing a turn around in the first part of 2007.

Toll Brothers  noted that several of their toughest markets now are ones that were considered hot in the past few years thanks to speculator interest. ”Las Vegas qualifies as a rotten market. Phoenix did well for us … but has turned south,” he said.  “On the other hand, New York is “roaring” and some other markets including Texas, Raleigh, N.C., and Maryland are also strong.”

For more information contact MillionSaverHomes.com a local Las Vegas real estate brokerat 702-212-3513

Popularity: 15%

Modern Living and JDL Development of Chicago formed a joint venture to build a $50 million mixed-use condo and retail project on five acres at Tropicana Avenue and Grand Canyon Drive. The Mercer is expected to break ground in the spring of 2007 and finish in the spring of 2008.

Prices for the 113-unit condos start from about $300 a square foot. One-bedroom, 800-square-foot units start at $229,000, two bedrooms at $399,000 and three bedrooms at $699,000. Standard amenities include custom cabinetry, stainless steel appliances, wood flooring, 10-foot ceilings, prewired security systems, gated and covered parking and semi-private elevators used by six residents.

For more information on the units, contact MillionSaverHomes.com is local Las Vegas real estate broker at 702.212.3513.

Popularity: 15%

Stylish and elegant are words to describe the Las Vegas Trump Towers.  Adjacent to some of the city’s best shopping and resort casinos, Trump Towers promises to feature some of the best amenities of a luxury resort with all the comforts of home.

Floor plans include one, two and three bedroom penthouses, as well as one and two bedroom units. Italian marble floors, floor-to-ceiling windows, European style-kitchens, cable ready flat screen televisions, and a 24-hour concierge are just a few of the amenities buyers can expect.

A few units of the 1,282 unit condo-hotel are still available.  If interested or would like to receive more information, contact MillionSaverHomes a local Las Vegas real estate broker at 702.212.3513.

Popularity: 15%

One developer is doing what it can to attract first time home buyers to its latest development.  Carlisle at Summerlin is offering incentives to qualifed buyers through the property’s preferred lender for its one, two and three bedroom condo complex.

Priced starting at $193,490, Summerlin offers six models, from four condominium to two townhome floor plans.   Additionally, with the purchase of a two- or three-bedroom design, buyers will receive a $2,500 Best Buy gift card until Dec. 31, 2006.

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

Popularity: 5%

Anyone wanting to learning more about the Las Vegas housing market would probably find a variety of opinions ranging from the extremely optimistic to the very pessimistic. Given such a wide range of opinions from the experts, how is a “regular Joe” going to figure it all out?

“Battle of the real-estate analysts” by Brian Wargo takes a look at two of the most quoted housing analysts in the Las Vegas Valley housing market. They just happen to also have two very different opinions on the current market. To read the article in its entirety, click here.

If you are looking for a home for sale in Las Vegas contact us at 702-212-3513

Popularity: 5%