I just wanted to touch base with my readers and share some of our most up-to-date statistical data about the current condition of the Las Vegas real estate market. Some of these figures may surprise you…

Reflecting a national trend, the number of preforeclosure filings and real estate-owned, or bank-owned properties, in Las Vegas fell in October from the previous month, Foreclosures.com reported.

The number of homes available for sale in Las Vegas has receded from last year’s peak and monthly closings have nearly tripled, the Greater Las Vegas Association of Realtors reported on Monday, November 10th.

The median price of a Las Vegas home is down 30.8% from a year ago…to $190,000 in October.

Condos and townhome sales more than doubled from a year ago. Realtors reported 414 sales in October, up 110% from October 2007. The median price is down 36.7% from a year ago at $109,575.

Now is a great time to be a buyer! Interest rates are very favorable and, as you can see, the market is very active on the buy side, maybe more active than you would have expected.

Current Las Vegas real estate pricing represents an outstanding long-term value that savvy investors have chosen to act upon now, not later. Again, monthly closings have nearly TRIPLED over year ago figures.

Call the Michelle Sterling Team at 888-349-2595 or send an email and we’ll find the most-house-for-the-money for you!

The new Aliante Station Casino and Resort complex opened last night to rave reviews. It would be hard to overstate the value added effect this beautiful new facility will have on the the Aliante master-planned community in North Las Vegas. How significant is this new addition to Aliante from the standpoint of a full scale golf based residential community? We’re talking about a $662 million joint venture between Station Casinos and the Greenspun Corporation that encompasses 202 hotel rooms, luxurious resort pool environment, a Regal Cinema 16-screen movie theatre and six restaurants. The new Aliante Station Hotel-Casino Resort joins the family of upscale Station Casino properties (Red Rock Resort and Green Valley Ranch Resort) that focus on exceptional service and value to the local Las Vegas community.

Aliante real estate benefits from a wide range of community amenities that extend well beyond the new resort. Residents enjoy three huge parks, 24 miles of interconnecting trails and the Aliante championship golf course. Are you the type that likes to get outside and enjoy your neighborhood surroundings? At Aliante you can choose from basketball courts, ball fields, soccer fields, lighted tennis courts, bocce ball and horseshoe areas. Another great community feature is the 15,900 square foot Aliante library with a beautiful outdoor patio.

Aliante foreclosure homes are very aggressively priced at this point in time. The Michelle Sterling Team is working with multiple buyers in this prestigious community that recognize significant long-term value and terrific short-term pricing opportunities. We’re ready to get to work for you. Toll free at 888-349-2595.