In a huge step forward for the diversification of the Las Vegas economy, World Market Center opened this week to rave reviews. Roughly 55,000 furniture buyers, sales reps and interior designers made their way through the brand new 1.3 million square foot facility in Downtown Las Vegas. At completion, World Market Center will be comprised of eight buildings and 12 million square feet of exhibition space. As you can see, this exciting new facet of the Las Vegas economy is just getting off the ground. Anyone who’s attended a convention in Las Vegas knows that we have the best venue for mixing business and pleasure in America. The new international address for the finest in furniture and interior design is the ultimate destination for glamour and style, Las Vegas Nevada. MS Las Vegas Real Estate salutes the success of World Market Center in it’s very first week of operation. The strength and diversity of the Las Vegas economy provides the foundation for stability and growth in the market for Las Vegas homes. Contact us at 888-349-2595 for Las Vegas luxury real estate opportunities. Your interior decorator will have a field day at World Market Center!

Sales are under way for the second 18-story condominium tower at The Curve, a suburban luxury residential village located adjacent to the Las Vegas Beltway, between Durango Drive and Sunset Road, in the southwestern Las Vegas valley. The Curve will allow residents to live, work, shop, dine and play only minutes from their front doors. This is a bold residential plan that seeks to redefine suburban comfort and luxury living in Las Vegas. These unique Las Vegas homes will measure 1,078 to 1,888 square feet. Prices start from the mid-$400,000s. Two-level penthouses are also available. The units include floor-to-ceiling windows, terraces, and upgraded appliances and fixtures. The Curve is situated on 47 acres, and will comprise the residential towers, pools, spas, boutique shopping, restaurants and office space. Pedestrian plazas and an urban park are also planned for the site. Construction on the $300 million first phase is scheduled to begin in early 2006. Contact MS Las Vegas Real Estate for more information at 888-349-2595.

Reservations are being accepted for the second of four buildings at Boca Raton Condominiums, which will be built near the intersection of Las Vegas Boulevard and Serene Avenue. The $400 million, guard-gated development will feature four seven-story buildings with 756 units. Floor plans measure 593 to about 2,300 square feet, and are priced from the mid-$200,000s to more than $1 million. The first phase of 173 Las Vegas homes is set for completion in late summer 2006. Resident amenities will include a 10,000-square-foot clubhouse, two resort-style pools, spas, and walking and running trails. In addition, the 15-acre property will have comfort stations and walking trails to accommodate owners’ pets. Contact MS Las Vegas Real Estate for more information at 888-349-2595.

Nevada’s jobless rate remained at 4 percent in June, a full percentage point lower than the national average, a state agency reported Friday. The seasonally adjusted jobless rate compares to a 5.3 percent unemployment rate in neighboring California, according to the report from the Department of Employment, Training and Rehabilitation. The State of Nevada continues to lead the nation in job growth by a wide margin. This is yet another reason why an investment in Las Vegas real estate makes good financial sense. For the past 12 months, the state has been growing jobs at a 6.4 percent rate. Arizona is the only state even close at 3.8 percent. Birgit Baker, director of the employment department said: “Four industries that pay good wages — construction, education and health services, finance, and professional and business services — have accounted for 112,000 new jobs during the current economic expansion.” The market for Las Vegas homes is underpinned by a strong and diversified economy that creates record numbers of high quality jobs.

Pacific Southwest Development recently announced the debut of it’s newest Las Vegas luxury home community. Introducing Tuscan Cliffs, a guard-gated, mountainside luxury neighborhood within the Southern Highlands homes golf community in the southwestern Las Vegas valley. This spectacular development of Las Vegas luxury real estate will be comprised of 155 Las Vegas homes beautifully tucked along the base of a small mountain. Forty four of the home sites will actually be carved into the mountainside. Tuscan Cliffs will feature a range of design options and be built on quarter-acre home sites. Seven models range from 4,300 to 6,500 square feet. Prices start from the $900,000s. The neighborhood is adjacent to the invitation-only Southern Highlands Golf Club. Contact MS Las Vegas Real Estate for more information at 888-349-2595.

Construction crews broke ground last week on Parkline Lofts, a $15 million, 65-unit residential project of Henderson real estate on Basic Street in downtown Henderson, Nevada. Completion of this exciting new development is expected to take a little more than a year. The two-story lofts will be 800 square feet to 1,740 square feet, with 20-foot ceilings, exposed structural elements, exposed stairwell, hardwood maple cabinets, hardwood floors and granite countertops. This unique Henderson real estate will be priced from $185,000 to $385,000. Contact MS Las Vegas Real Estate for more information at 888-349-2595.

Existing Las Vegas home sales totaled 5,767 in June at a median price of $273,000, a 13.8 percent increase from $240,000 in June 2004. The median Las Vegas real estate price was $300,000, unchanged from May and up 7.1 percent from a year ago. For the year to date, new home sales are up 21 percent to 16,927. The number of available Las Vegas homes for sale on the GLVAR listing service was 15,177 in June, up 30.4 percent from a year ago, including 5,421 new listings. More than half (51.6 percent) of homes sold within 30 days, compared with 48.4 percent in May and 83.8 percent in June 2004.

MS Las Vegas Real Estate is always happy to receive and respond to comments from the blog. Hey John, thanks for the comment! No question about it, Donald Trump is a serious ego-maniac…..and that was before The Apprentice! The guy definetly believes too much of his own press. You’re quite right about his financial troubles back in 1989, and I think Citibank was more worried about what it might do to them if he defaulted than what it would mean for “The Donald”. I’m not sure that his exit from Las Vegas will be as swift as you think though. Remember, this is not a gaming property, this is a luxury high-rise Las Vegas real estate development. One thing you can say about Trump, his success in the luxury high-rise market in NYC and Florida is difficult to argue against. The Las Vegas development is extrememly similar to the Trump International in New York. Anybody been there recently? Is the building as beautiful as it looks in photographs? How about more commentary about Trump in Las Vegas? You can view John Madonna’s comments and others as well by clicking on the “last comments” link right below the calendar on the right side of the blog. Who doesn’t have an opinion about Donald Trump!?!

Out here in the desert, the market for Las Vegas real estate is being sustained by solid economic and demographic fundamentals. It should also be noted that low interest rates aren’t hurting a bit. Many people thought that the value of Las Vegas homes had inflated into a bubble in 2004. We are yet to see any evidence to support this proposition. How are things in your city? Do you see signs of an inflating bubble or a bursting bubble? Is the comparison between the dot-com boom and the housing boom a fair one in your opinion? Let’s talk about it. Please post your comments and I will promptly respond.

Loft 5 is a 272-unit, $75 million project of mid-rise Las Vegas real estate. The development is reportedly more than 75 percent sold, with the first units being delivered to residents in about eight months. The grading process of the 10-acre site on Las Vegas Boulevard South at Pebble Road has begun and the foundation for the first of eight building pads will be poured in the coming weeks. The five-story lofts feature “true modern minimalist design” with 20-foot ceilings and private sky decks or terraces, says Richard McCann, project designer for Loft 5. This is another example of Las Vegas luxury real estate in a new and exciting facet. These unique Las Vegas luxury homes come in four floor plans ranging from 1,200 square feet to 2,500 square feet. Contact MS Las Vegas Real Estate for more information.

As Donald Trump entered the Las Vegas real estate market by breaking ground at Trump International Hotel & Tower last Wednesday, officials representing a different Trump project were preparing a sales meeting/party for real estate brokers and agents at Bellagio. Ivana Las Vegas is the newly announced condominium tower at the Strip and Sahara Avenue. In addition to lending her name to “brand” the project, Ivana Trump will assist in designing interiors for these Las Vegas luxury homes. The 923-foot Ivana Las Vegas will have 943 units ranging from 500 square feet to 1,900 square feet. Prices begin at about $800,000 and go up to $1.7 million. On-site amenities will include an ultra lounge, a spa, restaurants and a gym. Will this newest high-rise tower actually get built? The Donald doesn’t think so….something to do with financing.

An NBA team is negotiating to buy an entire floor of the 64-story Trump International Hotel & Tower that opens in mid-2007, a spokesman for Donald Trump confirmed. In case you were wondering, that’s 28 apartments total! How much? About $20 million. Now that’s a serious investment in Las Vegas real estate!

I was recently showing Summerlin real estate to a client and came across a Summerlin home with the most amazing views I’ve seen in that part of the Las Vegas valley in a long time. The view from the upstairs game room was breathtaking in scope. You could see from Southern Highlands, to the strip, to the north, to the east. Every part of our stunning valley was on display. Here’s the best part: The views from this particular Summerlin home will never be obstructed because all of the Las Vegas real estate in front of it is already fully developed!

I can’t tell you how often these days people come to me about listing their Las Vegas home for sale. It’s a complicated market, with over 14,000 homes for sale. That’s alot of Las Vegas real estate! It takes knowledge and skill to navigate through a competitive market, and at MS Las Vegas Real Estate, we’ve got what it takes. The marketing power associated with becoming a “Feature Listing” on our website is just one example of the premium service that sellers of Las Vegas homes can expect from us. What they cannot expect from us is a bargain basement rate to sell their home. We are constantly peppered with questions about every aspect of the Las Vegas real estate market. Knowledge and experience give us the ability to answer virtually every question, usually right on the spot. Then comes the question, can you list my Las Vegas home for 4%? Absolutely not.

The World Series of Poker kicked off its nine-day championship series last week at the Rio Hotel in fabulous Las Vegas! With each player (or sponsor) paying a $10,000 buy-in, the World Championship no-limit Texas hold’em event is expected to have the richest pile of loot in the tournament’s 36-year history. The Rio Hotel built a 60,000-square-foot poker room inside the Rio’s convention center that housed this year’s World Series. The final two days scheduled for next Thursday and Friday will be held at Binion’s on Fremont Street downtown. The 36th World Series of Poker has been the most popular ever, with nearly 20,000 participants taking part in 41 events before the world championship match. Last year, a record 14,054 players, including a record 2,567 in the world championship event, took part in the World Series. No lack of excitement for owners of Las Vegas homes! We can watch it live, which is even better than ESPN! Check out Las Vegas real estate if you would like to practice your poker skills year-round.