Archive for January, 2006

A Great Day for Golfing in Vegas!

Tuesday, January 31st, 2006

It’s sunny and 61 degrees, with a high today of 67 degrees. What a great day to look at Las Vegas real estate! Ok, you’re right, it’s a great day to play golf as well. No worries, we have fabulous Las Vegas golf real estate in a wide variety of styles and price ranges! Jan. 31, 2006 (Bankrate.com) — Average rates on 30-year fixed mortgages in Nevada rose 4 basis points to 5.82 on Tuesday, according to Bankrate.com’s daily Your Best Interest report. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.69 discount and origination points. Six months ago, the average rate in Nevada was 5.46 percent.The Sterling Team at Red Rock Canyon Realty is fully prepared to assist you with every aspect of the market for Las Vegas homes. You can reach us at 888-349-2595.www.mslasvegasrealestate.com

Las Vegas Condos: Two Blocks Off the Strip!

Tuesday, January 31st, 2006

Las Vegas Condos have become one of the most popular products in the Las Vegas real estate portfolio. Especially popular are the condo communities on or near the fabulous Las Vegas Strip! The Meridian condominium residences provide just such an opportunity to be in the heart of the action. Located at the corner of Flamingo Avenue and Koval Lane, The Meridian Residences are just two blocks from Ballys, Caesars and Bellagio! Featuring a Tuscan inspired resort style atmosphere, Las Vegas condos at The Meridian come with a wide array of amenities. The Sterling Team at Red Rock Canyon Realty is ready to introduce you to this exciting opportunity. Give us a call for information on pricing and availability at 888-349-2595.www.mslasvegasrealestate.com

Las Vegas Homes: The Price of Money

Sunday, January 29th, 2006

Good news for anyone that is thinking seriously about the purchase of Las Vegas real estate and the cost of a Las Vegas mortgage loan. Average rates remain below 6% in Nevada for 30 year fixed mortgages. Jan. 27, 2006 (Bankrate.com) — Average rates on 30-year fixed mortgages in Nevada fell 1 basis point to 5.78 on Friday, according to Bankrate.com’s daily Your Best Interest report. A basis point is one-hundredth of a percent. The mortgages in the survey had an average of 0.69 discount and origination points. Six months ago, the average rate in Nevada was 5.42 percent.The Sterling Team at Red Rock Canyon Realty is your trusted source for advice and guidance concerning the market for Las Vegas homes. Please call us at 888-349-2595.www.mslasvegasrealestate.com

Beautiful North Las Vegas Real Estate For Sale

Saturday, January 21st, 2006

Las Vegas real estate agent Lisa Luhnow would like to present an outstanding opportunity to own North Las Vegas real estate. Please consider this incredible North Las Vegas home with an open floor plan and tile flooring throughout the entire downstairs. The kitchen is spacious and the master bedroom is huge! A nearly new spa sits in the backyard and you’ll find the laundry room upstairs. Ceiling fans and neutral colors throughout provide a relaxing atmosphere. At 1639 square feet, this inviting home has 3 bedrooms and 2.5 baths. Please click this link to view: MLS#565290 The Sterling Team at Red Rock Canyon Realty is fully prepared to meet all of your Las Vegas real estate needs. Call us at your convenience. 888-349-2595www.mslasvegasrealestate.com

Las Vegas Real Estate: Year End Production Numbers

Saturday, January 21st, 2006

Regular readers of the MS Las Vegas Real Estate Blog are well aware of the strong economic fundamentals that underpin the residential market in Southern Nevada. Let’s take a look at the performance data for Las Vegas homes in 2005 and see how things turned out. The median price of brand new single-family homes in Las Vegas clocked in at $345,130 in December of 2005. This represents a 19% increase from December of 2004. Please remember that this was supposed to be the bubble bursting year for Las Vegas homes! Overall sales activity for new Las Vegas homes set a record, with 30,750 purchases. The re-sale residential market also did quite well in 2005. The median price of re-sale Las Vegas homes in December of 2005 came in at $285,000. This is a 14% increase from December of 2004. Would you like more detailed information? Give The Sterling Team at Red Rock Canyon Realty a call at 888-349-2595.www.mslasvegasrealestate.com

Las Vegas Just Keeps Rolling!

Friday, January 20th, 2006

The market for Las Vegas homes depends on an economy that keeps on rolling! How’s it going? The visitor count for 2005 is well on it’s way to becoming stellar! Full year figures won’t be available for another month, but the November data is in. The Las Vegas Convention and Visitors Authority reports that November saw almost 3.1 million people hitting the Strip! In fact, Las Vegas attendance records have broken 3 million every month this year except February. Economic conditions in Las Vegas are very much a reflection of economic conditions nationwide. If you combine consumer confidence with disposable income, what do you get? A trip to Las Vegas! Las Vegas real estate is a direct beneficiary of the strength of our tourist data, and the effects are felt across the board! The market for Las Vegas Condos is going strong. The baby boomers have made Southern Nevada a prime retirement destination, and our Sun City real estate communities and Las Vegas golf homes have benefited tremendously. Luxury Las Vegas homes have exploded across the valley, proof positive that there are plenty of high paying jobs here. The Sterling Team at Red Rock Canyon Realty is fully prepared to present every aspect of the residential market. Give us a call at 888-349-2595.www.mslasvegasrealestate.com

Summerlin Real Estate: A Spectacular New Gaming, Dining and Entertainment Venue!

Friday, January 6th, 2006

Owners of Summerlin homes have something very special to look forward to in this first part of the new year. Red Rock Station Resort and Casino is a stunning $475 million Gaming development that is due to open in just a few months, right in the heart of Summerlin. Located at the intersection of Charleston Blvd and the I-215 Beltway, Red Rock Station will encompass 70 acres and provide 414 hotel rooms and an 87,000 square foot casino. Residents of Summerlin real estate will also be able to enjoy the pampered luxury of a 30,000 square foot spa and fitness center. Nightlife will be generously provided, with venues that range from an intimate piano bar to a high-energy nightclub. The Sterling Team at Red Rock Canyon Realty is very excited about this new addition to the Summerlin scene. Stay tuned to the MS Las Vegas Real Estate Blog for a review when the resort opens up!www.mslasvegasrealestate.com

Bye Bye 2005: What a Year for Las Vegas!

Thursday, January 5th, 2006

MS Las Vegas Real Estate can hardly believe that 2005 is over already! What a rip roaring year for Las Vegas in so many ways! Just thought we might mention some of the more notable highlights. Let’s start with the famous Las Vegas Strip. 2005 saw the debut of Wynn Las Vegas and another monument to luxury and glamour on a world-class scale. Partly because of the Wynn, tourism was up almost 3% this year. If you want to keep a tourism based economy running strong, this is definitely the best way. Las Vegas homes had another strong year for appreciation. The GLVAR says that prices are up about 12% from a year ago. World Market Center arrived on the scene in July, and owners of Las Vegas luxury homes are all the better for it. The interior design business, especially at the high end, will never be the same. McCarran Airport announced a major acceleration of it’s already aggressive expansion plans and broke another record for passenger volume. George Clooney came to town and he wasn’t here to film a movie. Las Ramblas is a Las Vegas high rise condo community with a hotel component that set the Las Vegas real estate paparazzi on fire! What’s in store for 2006? Hey, it’s Las Vegas and anything could happen. The Sterling Team at Red Rock Canyon Realty is both excited and prepared. Las Vegas real estate is exciting stuff!www.mslasvegasrealestate.com

Land Prices in Las Vegas: Straight to the Moon Alice!

Wednesday, January 4th, 2006

The word is out…average land values in the Las Vegas Valley hit $708k in the third quarter of 2005. The percentage increase from this same time last year? Seventy six percent! The demand is hitting Southern Nevada from all sides…..residential, commercial and plain old land speculation. Without question, new Las Vegas homes are being built closer and closer together for this very reason. High land prices naturally lead to structural density, and Las Vegas real estate is no exception to market forces. Las Vegas condominiums, both high-rise and mid-rise, are but one example of the new reality of sky high dirt. The main driving force behind this surge seems to be the overall health of the Southern Nevada economy. The employment rate is stellar and business sales statistics are fantastic. The tourism industry is the strongest it’s ever been. The treasury of the State of Nevada is full like never before. The Sterling Team at Red Rock Canyon Realty is fully prepared to present every aspect of the market for Las Vegas Homes. Call us at your convenience….888-349-2595www.mslasvegasrealestate.com

Las Vegas as a Brand Name? It's a Winner!

Wednesday, January 4th, 2006

Some of us are old enough to remember a time when Muhammad Ali was the most recognizable person in the entire world. A larger than life figure, Ali was more than a celebrity, he was a symbol for something unique to the entire world. Well it seems that the “notion” or the “symbol” that the phrase “Las Vegas” congers up in the active imagination is reaching global status as well. This has got to be good news for the market for Las Vegas Real Estate In the second annual Newsmaker Brands Survey published in USA Today last week, Las Vegas ranked fifth! The first four on the list were iPod, Google, Oprah and eBay. Wow, this is pretty good company to be in! Better yet, Las Vegas is expected to rise to fourth place next year! The MS Las Vegas Real Estate Blog has put forth the proposition that Las Vegas, Nevada is destined to become the next major American metropolis. The evidence gets more convincing all the time! The Sterling Team at Red Rock Canyon Realty is your trusted source for information on the market for Las Vegas Homes. You can reach us at 888-349-2595.www.mslasvegasrealestate.com