When this economic crisis is over, when a reasonable balance between supply and demand is restored to the residential real estate market, when the US economy begins to power forward again (as it always does over the long run), Las Vegas will still be Las Vegas. Even in the midst of a serious recession, Las Vegas continues Read the rest of this entry »

“Las Vegas is emerging as a national leader in the housing market recovery with 13 consecutive months of increasing home sales”…this according to a May 9th article in the Las Vegas Review Journal newspaper by reporter Hubble Smith. In fact, the Greater Las Vegas Association of Realtors reports that Read the rest of this entry »

After almost 15 years of planning and preparation, the groundbreaking ceremony for the Smith Center for The Performing Arts has been scheduled for May 26th. As the heart and soul of the Union Park downtown development project, the Smith Center represents the willpower of Las Vegas to move forward Read the rest of this entry »

The Michelle Sterling Las Vegas Real Estate Team has never been busier. Banks have priced their foreclosure properties down to levels that stimulated tremendous amounts of pent-up demand from investors and first-time buyers Read the rest of this entry »

The gaming industry is the largest single component of the Southern Nevada economy and certainly garners the most attention as well, but you would probably never guess the second largest employer in Clark County. The United States Air Force just released a new report that documents the size and extent of their economic footprint across our valley. The results may surprise you… Read the rest of this entry »

The Michelle Sterling Team has witnessed a dramatic shift in buyer psychology in the market for Las Vegas homes over the past three months. As you might expect, the return of strong buyer activity for Las Vegas real estate is a function of price. Las Vegas foreclosures are now so deeply discounted that Read the rest of this entry »

Here’s a sampling of some of the more recent news items concerning the Las Vegas real estate market…

The Small Business Survival Index, a study from the Small Business & Entrepreneurship Council, just ranked Nevada No. 2 nationally for its Read the rest of this entry »

I am advising first-time home buyers in the Las Vegas real estate market to keep an especially close eye on highly attractive pricing opportunities for both new and resale homes in 2009. Buyer activity in September, October and November of 2008 clocked-in at roughly double the sales pace from year-ago figures. I would also refer you to the Read the rest of this entry »

Forbes.com recently published an interesting story and survey that addressed the question of which real estate markets in America were the most active for what Forbes termed “trapped homeowners seeking sales”. The number one ranking for this rather unusual, yet timely and appropriate criteria (which speaks volumes about current real estate and economic conditions) was Las Vegas, Nevada (followed by Yuba City, Arizona and five California markets). Are these “trapped” Las Vegas homeowners selling at a Read the rest of this entry »

Sales figures in the Las Vegas real estate market are definitely on the upswing. Speculation is increasing that the market is finally starting to find a bottom. For the last three months in a row, home sales have doubled from year-ago figures. What’s going on here? Actually, the very same thing that motivates Read the rest of this entry »

Las Vegas real estate prices have dropped to levels of feasibility not seen in years as viewed from the perspective of positive cash flow investing. When you combine the invest-to-rent financials with current data on rental occupancy rates in Southern Nevada, the picture becomes even more Read the rest of this entry »

I just wanted to touch base with my readers and share some of our most up-to-date statistical data about the current condition of the Las Vegas real estate market. Some of these figures may surprise you…

Reflecting a national trend, the number of preforeclosure filings and real estate-owned, or bank-owned properties, in Las Vegas Read the rest of this entry »

The new Aliante Station Casino and Resort complex opened last night to rave reviews. It would be hard to overstate the value added effect this beautiful new facility will have on the the Aliante master-planned community in North Las Vegas. How significant is this new addition to Aliante from the standpoint of a full scale golf based Read the rest of this entry »

Without question, Lake Las Vegas is one of the most unique and beautiful luxury golf resort communities in the entire southwest.

However, it’s important to understand that Lake Las Vegas has been substantially effected by the Read the rest of this entry »

The Michelle Sterling Las Vegas Real Estate website has been thoroughly redesigned to focus on the market for Las Vegas Foreclosures in a new and improved way. Website visitors can now target their foreclosure research based on Read the rest of this entry »

Due to the mortgage banking crisis that the United States has been enduring for over a year now, lenders have tightened their financing guidelines tremendously. Not only is it harder for a US Citizen to obtain mortgage financing in this new environment, International investors (with the exception of Canadians) can no longer obtain loans from mainstream US lenders for Read the rest of this entry »

At a time when other businesses in general, and airlines in particular, continue to pull back and hunker down, Southwest Airlines continues to expand their opportunities in the Las Vegas market. The latest example of this approach comes in the form of a new agreement with Canada’s WestJet Airlines. Southwest is already the high-volume leader at McCarran Airport Read the rest of this entry »

I spoke to a client recently that was determined to strike out on his own in the new construction market. He just didn’t see the need for my services when the new home sales office was readily at his disposal with agents on duty to answer his questions and serve Read the rest of this entry »

The Callaway Golf Center in Las Vegas is one of the most impressive practice and play facilities in the entire country. Located right on Las Vegas Boulevard just a few miles south of Mandalay Bay, the Callaway Center (42 acres) provides a complete golfing experience. Read the rest of this entry »

If you’re like me, you can’t get enough of Wolfgang Puck’s fantastic food and comfortable dining rooms. It’s almost worth it to pick up a piece of Las Vegas real estate right on the Strip so you can hang out at his six locations. That’s right, Wolfgang has six restaurants in Read the rest of this entry »

As I’m sure you already know, Cher is performing a truly spectacular show in Las Vegas at the Colosseum in Caesars Palace. How spectacular? The show literally blows you away with amazing choreography, complex stage effects, ultra-glam costumes (Bob Mackie of course), 14 dancers and four aerialists. The stage visual is completely transformed Read the rest of this entry »

Lets take a quick look at current economic conditions in Las Vegas, Nevada. The first statistic that you may find surprising is the 2008 visitor count (16.3 million and counting), which is keeping impressive pace with last year. Convention attendance and occupied room figures are right on track as well. While it’s certainly the case that spending Read the rest of this entry »

Senate Majority Leader Harry Reid of Nevada and University of Nevada Las Vegas President David Ashley are hosting the National Clean Energy Conference, to be held at UNLV on Tuesday, August 19. Senator Reid and others are determined to make Southern Nevada a national focal point for the development of clean and renewable energy resources.

In Senator Reid’s words…. Read the rest of this entry »

The Las Vegas real estate business is actually fun on a regular basis, like yesterday for example. I was talking to a new client that insisted on being 15 minutes drive or less from downtown and the Fremont Street Experience. It seems that he just loves the downtown action in general and the Fremont Experience light show Read the rest of this entry »

Condé Nast Traveler’s annual survey of Top 100 Golf Resorts named JW Marriott Resort & Spa in Summerlin, Nevada as number ten among prestigious golf resorts nationwide. Golfers receive the finest service at the JW Marriott Resort’s Executive Golf Desk where specialists customize each guest’s golf experience Read the rest of this entry »