Archive for October 26th, 2005

It's Official…Hooters Casino in Las Vegas!

Wednesday, October 26th, 2005

We’re serious…the Nevada Gaming Commission has officially approved plans for a Las Vegas casino based on the Hooters business model. The San Remo Hotel (across the street from the MGM Grand) is slated to be transformed into everything Hooters to the tune of $65 million. The Hooters Hotel is scheduled to open in early February 2006. Football celebrity Dan Marino will be opening an up-scale restaurant in the facility. It should prove an interesting experiment…after all….no one has tried the provocative approach in Las Vegas before! MS Las Vegas Real Estate will check out Dan Marino’s place and let you know. Thinking about Las Vegas real estate for investment or vacation purposes? Consult with The Sterling Team at Red Rock Canyon Realty. Give us a call at 888-349-2595.www.mslasvegasrealestate.com

Las Vegas Homes / Positive Outlook / Continued Strength

Wednesday, October 26th, 2005

The residential real estate market in Las Vegas continues to defy the “bubble theory” touted by so-called economic experts. The market for Las Vegas homes is posting statistics to die for! Wow, what a year for closings! How about a total of 27,442 through the third quarter, a 30 percent increase from the same period last year. The median price of a new Las Vegas home broke through the $300,000 barrier for the first time in September to $301,050. The median price of an existing single family home has just clocked in at $284,500. How does this sound for a bubble bursting? Las Vegas new home prices have increased 21.6 percent for the year so far, and existing home prices are up 20 percent. What’s going on? Regular readers of this blog are well aware of the strong economic fundamentals underpinning the housing market in Southern Nevada. Want to know more? Contact MS Las Vegas Real Estate for more information at 888-349-2595.www.mslasvegasrealestate.com