Archive for May, 2005

Aliante Leads The Way!

Tuesday, May 31st, 2005

Aliante, a 1,900-acre development of North Las Vegas real estate by North Valley Enterprises, was rated No. 1 for Las Vegas new home closings among all master-planned communities in Southern Nevada during the first quarter, a local housing research firm reported. Aliante Homes‘ No. 1 ranking follows a report from the national housing research firm of Robert Charles Lesser & Co. that the Aliante community was the sixth top-selling master plan in the nation during 2004. Las Vegas home builders at Aliante are Astoria Homes, Del Webb, D.R. Horton, Meritage Homes, KB Home, Lennar, Pardee Homes, Pulte Homes and US Home. Prices range from the high $100,000s to the high $600,000s. Contact MS Las Vegas Real Estate for more information.

McCarran Airport Continues to Feed a Booming Metropolis

Tuesday, May 31st, 2005

Passenger traffic at McCarran International in Las Vegas continued to climb in April with the airport processing more than 3.7 million arriving and departing passengers, up 3.8 percent from a year ago. Year-to-date, local air traffic topped the 14 million mark in just four months and was 6.1 percent ahead of last year’s record-setting pace. Anyone who’s been to Vegas knows that air travel plays a vital role in the health and growth of our economy. Regular readers of this blog are familiar with the performance of McCarran International exactly for this reason. The Southern Nevada economy continues to perform at an optimum rate and the market for Las Vegas homes is strong and solid. MS Las Vegas Real Estate invites you to explore your residential options.

London Double Deckers Come to Vegas!

Wednesday, May 25th, 2005

Open-air double decker buses are popular in many vacation destinations, and it seems as if Las Vegas is next on the list. In early July, Las Vegas strip patrons can look forward to an authentic British experience as red double decker buses roll down the strip for the very first time. The new company is called London Transport and each London Transport bus will be air conditioned on the lower level, with open-air seating above. They’ll also offer onboard guides to provide Las Vegas trivia and history to passengers. The Regional Transportation Commission, which owns and operates the Citizens Area Transit bus system, in June expects to receive its first shipment of new double-decker buses from Alexander Dennis, one of Great Britain’s largest manufacturers. Even the city is getting in on this gig! MS Las Vegas Real Estate invites you to a trip past the Bellagio fountains from a newly elevated point of view. Please bring your camera!

New Home Sales Nationally Hit a Record!

Wednesday, May 25th, 2005

The Commerce Department said sales of new single-family homes rose 0.2% in April from the month earlier to a record annual rate of 1.32 million units. For April, sales of new homes were up 13.3% from a year earlier. The median price of a new home rose 3.8% to $230,800 from a year earlier. The price increases on new homes weren’t as eye-popping as gains reported Tuesday by the National Association of Realtors on prices for existing homes. The Realtors’ report showed median prices of existing homes were 15.1% higher than a year earlier. The Las Vegas real estate market continues to provide a steady supply of new homes and appreciation rates are generally above the national average.

NAR Reports a New Record for Existing Home Sales

Tuesday, May 24th, 2005

Sales of existing homes rose 4.5% in April to the highest sales pace on record, as low mortgage rates continued to fuel a housing boom, a national trade group reported Tuesday. The National Association of Realtors reported that sales of single-family homes and condominiums climbed to a seasonally adjusted annual rate of 7.18 million units last month, the fastest pace on record. The national median home price rose 15.1% to $206,000 from a year ago. That marked the biggest increase since November 1980, when prices rose 15.6%. MS Las Vegas Real Estate provides comprehensive service in one of the most dynamic residential housing markets in the country. Las Vegas homes have been a phenomenal investment to say the least.

Airport Expansion Schedule Aggresively Advanced

Monday, May 23rd, 2005

Clark County politicians have approved a $2.4 billion plan to complete McCarran International Airport’s long awaited capacity expansion by 2011, almost three years earlier than previously planned. Approximately 47 percent of last year’s record 37.4 million local visitors funneled through McCarran Airport according to the Las Vegas Convention and Visitors Authority. Local travel leaders hope to increase visitation to 43 million by 2009, with approximately half of those guests slated to arrive by airplane. In addition, the local population in Southern Nevada increased by 20% from 2000 to 2004 and this played a significant role in the expansion decision. Las Vegas homes are such a good investment because Las Vegas has become one of the most dynamic and important cities of the 21st Century. This is a real city in every conceivable way and MS Las Vegas Real Estate is your personal tour guide to the metropolis that we are rapidly becoming.

Country Music Las Vegas Style!!

Sunday, May 22nd, 2005

At MS Las Vegas Real Estate, we love country music! Las Vegas just got done hosting the Academy of Country Music Awards this week and followed it up with a huge concert event at Mandalay Bay. The concert was recorded and will be aired on CBS in December. It stars Alabama, Brooks & Dunn, Kenny Chesney, Merle Haggard, George Strait and many others. It makes no difference what your tastes may be, Las Vegas offers it’s residents every type of entertainment experience on the planet! Las Vegas homes provide a lifestyle that just can’t be beat.

University of Nevada Las Vegas Plans Expansion

Tuesday, May 17th, 2005

UNLV is planning a major expansion of it’s educational facilities at a new site about 20 miles from the existing campus. The new research-focused campus would be built on 640 acres of Bureau of Land Management property between Pecos Road and Lamb Boulevard. Enrollments at the state’s colleges and universities will increase about 60 percent by 2014 to 162,000 students, according to the state’s system of higher education. The University of Nevada, Las Vegas, the University of Nevada, Reno and the Community College of Southern Nevada are each expected to grow about 50 percent by then and are seeking to expand their campuses to make room for the new students. North Las Vegas Mayor Michael Montandon said the campus will be part of a 16,000-acre master planned community of new North Las Vegas real estate. The Aliante homes community also has permission to build 6,500 Las Vegas homes, bringing in 250,000 new residents to the area.

Strong Sales at Mountain's Edge

Tuesday, May 17th, 2005

The southwestern Las Vegas valley location and park-like setting of the Mountain’s Edge master-planned community are contributing to brisk sales of new Las Vegas homes. Mountain’s Edge real estate will feature five parks, including a regional park with athletic fields, ramadas and playgrounds, and a trail system. Contact MS Las Vegas Real Estate for more information.

Las Vegas Homes: Number 6 on the List!

Monday, May 16th, 2005

Statistics released Thursday by the National Association of Realtors showed that the median price of Las Vegas homes rose to $291,000 in the first quarter, an increase of 29.4 percent when compared with a median price of $266,400 in the same quarter a year ago. That performance earned the Las Vegas real estate market the number six spot on the association’s 136-city list of residential appreciation rates.