Archive for September, 2006

The Las Vegas Real Estate Market: What a Great Time to Be a Buyer!

Tuesday, September 26th, 2006

There can be no question about it, the pricing/negotiating advantage in the market for Las Vegas homes has shifted in favor of buyers! At MS Las Vegas Real Estate, we couldn’t be happier about this. The days of competitive purchase offers being rejected outright by spoiled sellers looking for full-price and/or bidding wars for their property are now over. Here’s another thing that is melting away like snow in a rainstorm, the legions of seriously under-qualified Realtors that came out of the woodwork during the boom. The number of licensed real estate agents in Las Vegas is dropping like a stone, as well it should be! In a competitive market that continues to balance itself out, it’s critically important to engage the services of a professional Realtor with the skills, knowledge and experience to navigate shifting conditions. With comps all over the map as prices adjust to gravity, it’s important to work with a Las Vegas real estate agent that understands market dynamics and how they affect buyers advantageously. You can expect to see some fairly significant price cuts in the resale segment of the market in the next few months. With just over 20,000 homes currently listed for sale in the valley, it’s all but inevitable. The number of existing home sales dropped in August to 3,641 compared with 5,786 in the same month a year ago. More great news for buyers and more pressure on sellers to make deals. Here’s another important factor for consideration, a significant portion of the Las Vegas homes on the market are vacant! Speculators looking for a quick-flip are stuck with no renters and no buyers at inflated prices. Expect their pain to benefit rational buyers of Las Vegas real estate well into 2007. MS Las Vegas Real Estate brings 12 years of experience to the table at a time when that matters most. Our primary focus is to represent buyers and we’re ready to get to work for you! Give us a call at 888-349-2595.

Las Vegas Economic Conditions: Still Plenty of Strength During a Period of Moderation

Tuesday, September 26th, 2006

The economic outlook in Las Vegas, although moderating from a previously torrid pace, is still a picture to be envied by other metropolitan areas. There’s no question that the market for Las Vegas homes is cooling off a bit, which is a good thing! However, the commercial sector of the Las Vegas real estate market is still turning in impressive numbers. The dollar value for commercial building permits in June jumped 154.4 percent from the same month a year ago to $179.6 million, even though the number of permits remained about the same, a UNLV research center reported last week. In addition to this, taxable business sales and gaming revenues continue to grow impressively, up 9 and 11 per cent respectively. The employment picture is also bright. Nevada businesses created 6,400 private sector jobs in July and Southern Nevada’s total employment grew 5.9 percent from a year ago to 923,400. Last but not least, our population growth continues to outpace the national average by a significant margin. When you combine strong business revenues with solid gaming profits and an economy that continues to create jobs, chances are that any economic slowdown will be moderate and short-lived. Southern Nevada continues to outperform compared to the national averages and Las Vegas continues on it’s trajectory towards major metropolitan status. Believe me, this is the next great major American city!

Andre Agassi: A True Champion Comes Home to Las Vegas

Monday, September 18th, 2006

No question about it, professional tennis suffered a terrible loss as Andre Agassi recently took his leave from the sport that transformed a Las Vegas local into an international star. But here in Las Vegas we’re thrilled to have him home more often! He and his wife Steffi are regular fixtures about town and his philanthropic contribution to the local community is just immense! In 1994 Agassi established his charitable foundation ( The Andre Agassi Charitable Foundation) which now boasts an endowment of $55 million. October 7th will mark the 11th annual “Grand Slam for Children” charity benefit concert and will be held (as always) at MGM Grand with Andre as host. The Andre Agassi College Preparatory Academy is due to graduate it’s first class in 2009 and The Boys and Girls Clubs of Las Vegas would be a shadow of itself without Agassi’s financial support. Andre and Steffi are also part owners of a number of excellent restaurants here in town and plan to start designing a line of home furnishings! MS Las Vegas Real Estate salutes the winner of 8 Grand Slam singles titles and the only player to be ranked in the Top 10 over three consecutive decades, Andre Agassi!

Las Vegas Parade of Homes: October 20th Thru November 5th

Monday, September 18th, 2006

The very finest Las Vegas luxury homes go on parade in just a few weeks! Its time again for the annual Parade of Las Vegas Homes and this year the tour includes 12 breathtaking custom residences from every part of the Las Vegas Valley. This is your opportunity to rub shoulders with experts in every facet of design, architecture, construction and landscaping. The finest residential craftsmen will be featuring and discussing their very best work. Tickets just went on sale at RC Willey for twenty five dollars. Your ticket covers every location and every day of the event. If you’re in the market to purchase and/or upgrade Las Vegas luxury real estate, this is an event that you just can’t miss.

Pimp My Ride – Vegas Style!

Thursday, September 14th, 2006

There’s no need to head to Cali to get the very best in high-end custom work done on your car, truck or SUV! Outlaw Motorsports has put Las Vegas squarely on the map when it comes to world-class “tricked out” transportation. Located just a few miles from the Las Vegas Strip, Outlaw occupies a 10,000 square foot garage outfitted with the latest state-of-the-art technology and equipment. The shop boasts one of the most accomplished custom crews in the industry, having worked on cars for some of the biggest names in entertainment and sports. Alex Anderson and Bobby McCurdy provide the creative forces that inspire all that technical wizardry and mechanical know-how. Anderson and McCurdy both worked with Jesse James at West Coast Choppers. How’s that for a reference! Outlaw Motorsports creations have been featured on Discovery Channel’s “Monster Garage” and MTV’s “Pimp My Ride.” There’s virtually no limit to what they can do for your ride, provided you have the time and the cash! Full service can potentially run upwards of $150K and take an entire year to complete. No question, the results are well worth it! MS Las Vegas Real Estate is thinking about sending over a couple of our Avalons for an upgrade. What do you think?

The Tuscany Golf Club

Tuesday, September 12th, 2006

The Tuscany Golf Club is located in the southeast portion of the Las Vegas Valley just 25 minutes from the Las Vegas Strip. The golf course is the centerpiece of the Tuscany Residential Village, a beautiful development of Las Vegas golf real estate presented by Rhodes Homes. The course itself has a Tuscan-wine theme and you can expect tee boxes with names like Champagne, Merlot and Chardonnay. Tuscany Las Vegas golf homes are wrapped around a Ted Robinson Par-72 design that is known for playability and excellent scenery. The fairways are expansive, the greens are bent grass and the clubhouse is stunning. Tuscany real estate in Las Vegas is greatly enhanced by this resort-caliber golf course and traditional Tuscan Village clubhouse.

Las Vegas Homes: The Brownstones at Urban Village

Saturday, September 9th, 2006

There is no replacing the excitement of owning a piece of Las Vegas real estate with a Las Vegas Boulevard address! Urban Village Las Vegas homes enjoy this distinction and plan to make the very most of it! Located just 6 miles south of Mandalay Bay right on Las Vegas Blvd, The Brownstones at Urban Village provide a truly resort-style residential experience complete with full-scale luxury amenities. The Brownstones are comprised of an interesting mix of Las Vegas condos and loft-style resort homes that come in 12 different floor plans ranging from 875 to 1,805 square feet. Current neighborhood features include the Belz Factory Outlet Mall, the SouthCoast Hotel/Casino and numerous restaurants. Future additions to the neighborhood include a huge new shopping mall and a proposed “Stations” Hotel and Casino. Nearby communities include Southern Highlands homes and Silverado Ranch real estate. Curious to know more about Urban Village? MS Las Vegas Real Estate is ready to assist you with anything you need.

Lake Las Vegas Real Estate: Galileo Luxury Resort Homes

Friday, September 8th, 2006

The Galileo luxury resort development represents the newest addition to the grandeur and sophistication that is Lake Las Vegas real estate. This new community of Lake Las Vegas homes offers truly spectacular lakeside views, lushly landscaped gardens and personalized concierge services. In keeping with the Mediterranean theme of the Lake Las Vegas Resort, Galileo encapsulates the grace and beauty of Florentine Renaissance architecture. Residents can expect to be swept up by expansive interior designs that include spacious balconies, wrap-around terraces, huge master-suites and majestic archways. Las Vegas luxury real estate at Galileo is also perfectly situated for golfing at two spectacular (and soon to be three) public courses at Lake Las Vegas. Within the community, residential amenities include resort-style pools and spas, state-of-the-art fitness center, a six-level lagoon with botanical garden and a cozy coffee bar. Pricing begins in the $700’s and will include 323 Las Vegas luxury homes (at complete build-out) nestled into a uniquely private hillside/waterfront enclave. Let us know if you would like to know more. MS Las Vegas Real Estate is at your service.

Nevada Ballet Theatre Celebrates 35 Years!

Wednesday, September 6th, 2006

The Nevada Ballet Theatre will celebrate it’s 35th birthday with a special outdoor evening performance aptly titled “Ballet Under the Stars”. The Summerlin homes community is the host of this special event. The celebration performance will be held on September 9th at 8pm at the Hills Park Amphitheatre. Nevada Ballet will be putting on a two hour program that will consist of a series of short pieces, including one depicting the early days of Las Vegas! Tickets are just $15 for adults and $5 for children 12 and younger. The Nevada Ballet Theatre has been located in Summerlin since 1999 in the Donald W. Reynolds Cultural Center. As we consistently point out to our clients, Summerlin real estate is some of the most attractive in the entire Greater Las Vegas Valley. The quality of life is hard to duplicate and the Summerlin master-plan has been one of the most successful in the entire United States for over a decade! Allow MS Las Vegas Real Estate to take you on a tour of the Summerlin community and you’ll immediately see why.

The Studio at The Palms – What's it All About?

Wednesday, September 6th, 2006

The Palms Hotel in Las Vegas is about as famous as it gets, especially if you’re a hip, relatively young jet-setter with the cash and the brash to come to Vegas and take it all the way. For players on this level, the Palms has amenities that no one in Las Vegas can match. Case in point, The Studio at The Palms. Hell no dude, they don’t do hair and facials there and this isn’t their nightclub either! The Studio is nothing less than a full service multi-million dollar recording facility that works in conjunction with top artists and their labels to provide an experience that takes recording to a whole new level, Vegas style! How serious is this? Just ask Lil’ Jon or Kelly Rowland or Maroon 5. Home-town favorites The Killers have also laid down tracks at The Studio at The Palms. When it comes to the hotel/casino segment of the Las Vegas real estate market, The Palms is right at the top!