More good news for the Las Vegas real estate market. Nevada’s employers added 9,600 jobs to the work force in February, keeping the statewide unemployment rate low and steady at 3.9 percent, the state Department of Employment, Training and Rehabilitation reported Monday. The 3.9 percent seasonally adjusted rate was unchanged from January, and was eight-tenths of a percentage point lower than February 2004, the agency reported. Nevada’s job growth-rate is more than three times the national average of 1.8 percent according to Nevada Gov. Kenny Guinn. Las Vegas real estate market conditions continue to reflect the status of the Southern Nevada economy…..strong and steady.
Archive for March, 2005
Polly Gonzalez, an anchor for KLAS-TV, Channel 8, died Monday while traveling in California with her two young daughters. Both daughters received minor injuries. Gonzalez, 43, was heading back to Las Vegas from a three-day weekend visiting relatives in San Jose, Calif., when her SUV swerved and subsequently rolled over numerous times. Gonzalez helped community organizations reach out to young people, particularly in the Hispanic community, and she served as a guest speaker for a variety of programs. Polly Gonzalez was highly respected by everyone at MS Las Vegas Real Estate and we join the community in mourning her loss.
Solera at Anthem is a 385 acre age-qualified community of Henderson real estate built into the hills south of Sun City Anthem within the Anthem master-planned community. By including many features that would typically be offered as upgrades, the buying and design process for these beautiful Henderson homes is streamlined for customer convenience. Five single-story floor plans range from 1,140 to 1,771 square feet. MS Las Vegas Real Estate has been working in the Anthem community for almost a decade. Put our experience in Henderson real estate to work for you.
Las Vegas real estate is taking another step up and we don’t mean high-rise. Astoria Homes is experimenting with the three story single-family home concept in the northwest section of the Las Vegas valley. These new Las Vegas homes can be found in the Centennial Hills community and the response seems to be positive thus far. Astoria is building about 150 three story residences that are mixed in with two story homes. It’s kind of like having two stories and a basement except the basement is above ground! Please contact MS Las Vegas Real Estate if this new residential concept has you curious. We would be happy to take you on a walk-through.
The U.S. Forest Service is proposing to build a new recreation area in the middle of Kyle Canyon in order to provide more recreation facilities and also to take some pressure off the upper canyons. It seems that Mt. Charleston has become increasingly popular as a recreation destination for the residents of the Las Vegas valley. It’s getting to the point where demand is outrunning available recreation space and causing overcrowding and mis-use of private property. The U.S. Department of the Interior already has approved $27 million for the project, from revenues generated by the Southern Nevada Public Lands Management Act. Tourist traffic is expected to increase beyond the present 2 million a year when new Las Vegas homes are built at the entrance to the canyon deep in the northwest section of the valley. Focus Property Group paid $510 million for 1710 acres of Las Vegas real estate at the foot of the mountain and thousands of Las Vegas homes will be built there soon.
Pardee Homes has two neighborhoods in development at Vista Verde, a Las Vegas real estate community in the Centennial Hills section of the northwestern Las Vegas valley. Las Vegas homes at Centennial Hills benefit from the convenience of Centennial Center and it’s large selection of stores and restaurants.
A twin-tower high-rise Las Vegas luxury real estate project is planned for development by The Congress Group of Boston. The site for this newest proposed high-rise is the Scandia Family recreation center adjacent to the I-15 freeway near Sahara Avenue. Various Las Vegas real estate experts are predicting that less than half of the projects currently announced for development will actually come to fruition.
Las Vegas Luxury Homes continue to be a great investment. The average Las Vegas estate that cost 1.56 million dollars in March of 2004 is going for 1.77 million dollars this month. This is a 13.5% gain since this same time last year. Wow. Contact MS Las Vegas Real Estate for more information at 888-349-2595.
Goog news for owners of Las Vegas homes! The Commerce Department’s durable-goods report showed orders for items intended to last three years or more grew 0.3% in February, indicating continued strength in economic growth. Separately, new-home sales jumped 9.4% to a seasonally adjusted annual rate of 1,226,000 according to the Commerce Department. “There’s tremendous desire on the part of the American consumer to own a home, and there’s a very constricted supply,” said Joel Rassman, chief financial officer of Toll Brothers Inc., one of the nation’s largest builders of luxury homes. Las Vegas real estate continues to perform with strength and stability. Construction of new Las Vegas homes also continues at a steady pace.
Retail sales across Nevada rose 9.4 percent in January to $3.19 billion while Clark County (Las Vegas & vicinity) sales jumped an even higher 10.8 percent to $2.4 billion, state officials reported Thursday. For the first seven months of fiscal 2005, Nevada merchants have now sold $24.88 billion in goods for a 14.7 percent increase — and taxes based on the sales are now $25 million ahead of projections, state Taxation Department officials said. Is it any wonder that the market for Las Vegas real estate is strong and stable? Apparel and accessory stores tied with food stores with a 9.6 percent jump in sales. Sales of home furniture and furnishings rocketed up 8.2 percent, a direct reflection of the expansion in the market for Las Vegas homes.