Archive for October 10th, 2005

Southern Highlands Casino and Resort

Monday, October 10th, 2005

Clark County Commissioners have granted approval to Olympia Gaming for a master-plan to develop a 100-acre site that will include retail, gaming, hotel and entertainment on south Las Vegas Boulevard by St. Rose Parkway. The project is slated to begin operation in 2008. This stunning addition to Southern Highlands real estate will include a $750 million hotel-casino with 610 rooms. Residents of Las Vegas homes in several nearby communities will be able to enjoy this new resort. The surrounding areas encompass Southern Highlands homes of course, as well as the Silverado Ranch community, Anthem, Seven Hills homes, and Green Valley residents. The south end of Las Vegas Boulevard is turning into one of the most dynamic areas in the valley for Las Vegas real estate development, both residential and commercial.www.mslasvegasrealestate.com

Las Vegas Homes: Median Sales Price & Outlook Heading Forward

Monday, October 10th, 2005

The median price of re-sale single family Las Vegas real estate rose 0.3 percent in September to $310,000. This represents a 10.7 percent increase from the same month a year ago. The available inventory of Las Vegas homes in the valley continues to grow modestly as well, with 16,152 available through the MLS listing service in September. Southern Nevada continues to enjoy a steady influx of new residents. Approximately 5000-6000 people decide to join us each month for some of the best weather and best economic conditions in the country. MS Las Vegas Real Estate is your local source for residential market information. Call us at 888-349-2595.www.mslasvegasrealestate.com

Nevada Economy / Continued Strong Performance

Monday, October 10th, 2005

The recent evidence suggests that the Nevada economy continues to be one of the strongest in the country. Leading the way are the construction, health care and tourism sectors. Roughly half of all new jobs generated in the state since 2003 have come from these three components. Impressively, Nevada still has the fastest job growth rate in the nation according to the FDIC. Job growth registered at 6.5 percent in the quarter ended June 30, down from 6.7 percent in the quarter ended March 31, but still higher than the 6.2 percent of a year ago. The appreciation rate for Las Vegas real estate is slowing to a more gradual and sustainable rate. Existing single-family Las Vegas homes appreciated by 11.2 percent in the quarter ended June 30, down from 52.4 percent last year, the National Association of Realtors reported. A strong economy continues to sustain a stable market for residential real estate in Las Vegas. Contact MS Las Vegas Real Estate for more information.www.mslasvegasrealestate.com