The Tuscany Residential Village is a master planned golf community located in the southeastern section of the Las Vegas Valley. Guard-gated and beautifully landscaped throughout, Tuscany is anchored by the Botticelli Marketplace, a 35,000 square foot Recreation Center and the 6,906 yard Tuscany Golf Course. Tuscany Village Association fees are currently a very reasonable $140 a month and there are no SID/LID fees.

New pricing has just been announced for the Zanetti neighborhood of Rhodes Homes at the Tuscany Village. The new Zanetti pricing on its five floor plans starts at just under $200,000 for a single-story two bedroom home with two baths, great room, gourmet kitchen island and two-car garage. Each Tuscany home at Zanetti is offered with optional French doors in the master bedroom and a fireplace in the living room. Options for additional bedrooms, cabinets, laundry sinks and linen closets are offered per plan.

The Michelle Sterling Las Vegas Real Estate Team invites you to contact our Tuscany real estate specialist Michael Antos for further information on this beautiful Henderson golf community. He can be reached at 888-349-2595 or 702-373-3240 at your convenience.

Despite the fact that Las Vegas real estate is going through a painful adjustment, the master-planned community of Summerlin homes continues to impress and inspire. Summerlin currently boasts more than 95,000 residents after commencing development 18 years ago. Master-plan amenities include nine golf courses, upscale shopping centers, high-end boutiques, restaurants galore in every price range, cultural facilities, prestigious office parks and more than 100 actively selling floor plans. The market for both new and resale Summerlin real estate is among the most active in Southern Nevada.

Outdoor recreation activities are the hallmark of the Summerlin residential experience. The community is home to more than 100 parks (many with fantastic ball fields) and nearly 150 miles of desert-themed trails for walking, jogging and cycling. Nearby Red Rock Canyon National Conservation Area provides scenic and challenging hiking, mountain biking and rock climbing. Ready to hang up the sports equipment and hang-out in the middle of some traditional Las Vegas action? Jump on Summerlin Parkway or the I-215 Beltway and it’s a 20 minute ride to the Las Vegas Strip. Once you hit Las Vegas Boulevard…anything goes…

The current exchange rate environment combined with radical repricing in the residential market make the Las Vegas investment opportunity highly attractive for international investors. For overseas players with deep pockets and realistic time frames, today’s conditions provide the “perfect storm” in which to make their moves. Internationally recognized as the global capital of opulence, decadence and entertainment, no one doubts the long-term future of Las Vegas as a money maker from virtually every point of view (residential real estate included). The numbers tell the story best; excellent population growth, massive investment in new strip resorts, job creation that other cities could only dream of and dirt cheap prices due to rampant speculation by the uneducated masses. Sophisticated financial operators make their careers by striking aggressively in these very types of circumstances. Different players are making their moves in different aspects of the market. Major builders have dangerously overextended themselves and are now forced to offer incredibly attractive terms on new Las Vegas homes. The market for high rise Las Vegas luxury condos? It’s a highly opportune time for aggressive negotiation as yesterday’s pie-in-the-sky buyers squirm and beg to get out of their contracts and units fall into repossession left and right. The market for resale Las Vegas homes? Considering the fact that almost 50% of homes for sale are vacant and Las Vegas foreclosures are among the highest in the country, the opportunities on the buy side are simply huge.

Michelle Sterling Team member Michael Antos is more than qualified to represent foreign national investors. With an extensive portfolio of international clients, you can expect Michael’s in-depth experience and negotiating skills to play a critical role in maximizing your Las Vegas real estate opportunities. He can be reached toll free at 888-349-2595 or michaelantos@mslasvegasrealestate.com

The Michelle Sterling Las Vegas Real Estate Team has a motto for the new year……

Those who wait in 2008 will stand in line in 2009…..

What do we mean? The economic foundation of Las Vegas, Nevada is stronger than ever. The Las Vegas Strip (the engine of our growth) is slated to expand over the next five years to the tune of $40 billion in new hotel resorts. In case you were wondering, that’s 110,000 new jobs by 2012. You can read all about it on my supplemental Las Vegas real estate blog at Realtor.com. 2008 is the year of opportunity for Buyers of Las Vegas real estate. Check out these deals! Get ‘em while they last……

Brand New Single Family Homes Starting at $153,990 !!

$153,990 - 1,136 sq ft - 2/2 - North
$169,965 - 1,271 sq ft - 2/1 - East
$174,990 - 1,553 sq ft - 3/2 - Northwest
$179,990 - 1,203 sq ft - 2/2 - Northwest
$184,990 - 1,612 sq ft - 3/2 - North
$189,990 - 1,209 sq ft - 2/1 - East
$189,990 - 1,115 sq ft - 2/2 - East
$192,950 - 1,462 sq ft - 3/2 - North
$193,990 - 1,658 sq ft - 3/2 - Northwest

The rate of interest charged on a 30-year fixed-rate mortgage averaged 5.69% for the week ending Jan. 17, down from last week’s 5.87% average. The mortgage averaged 6.23% a year ago.

The 15-year fixed-rate mortgage, a popular refinance option, averaged 5.21%, down from last week’s 5.43%. The 15-year’s average rate stood at 5.98% a year ago.

In Bankrate.com’s most recent mortgage survey, the 30-year fixed-rate mortgage averaged 5.75%, down from 6.31% in the December 26th survey. In fact, the 30 year rate has experienced the sharpest three-week decline in 20 years.

Expanding across 500 acres at the base of the Spring Mountains, the newest Summerlin Village is rapidly taking shape. Say hello to The Mesa, which you’ll find at the southern-most point in the Summerlin master planned community. In addition to several residential villages, The Mesa will be home to a 19 acre community park set for completion in 2009. The first community of Summerlin homes at The Mesa is named Ladera, which at full build-out will be comprised of 600 residences. Pricing begins in the low 200’s. Interested in learning more about The Mesa Village? Give us a call for a private tour at 888-349-2595.

The International Consumer Electronics Show hits Las Vegas this coming Monday. The world’s largest consumer electronics tradeshow is “going green” this year by showcasing earth-friendly technology at every opportunity. In addition, the show itself is going to great lengths to lead by example. For instance, CES organizers vow to reduce and/or offset the carbon footprint made by the trade-show, which features nearly 3,000 exhibitors and upwards of 200,000 attendees, by insisting on extensive recycling and improved energy usage. To further make their point, The Consumer Electronics Association has arranged with Carbonfund.org to offset the estimated 20,000 tons of carbon attributable to the four day CES extravaganza. Talk about dedication to this years theme!

The environmental benefits of home automation technology will be one of the feature aspects of the CES “green theme”. Numerous computerized smart-systems will be on display that reduce the amount of energy wasted in cooling, heating or lighting a contemporary home. The driving force is the notion of empowering environmentally conscious homeowners to take control of their household environmental footprint in order to manage it more efficiently. The goal is to take the “smart home” concept beyond the purview of tech-savvy custom luxury residences and bring the environmental benefits into the mainstream of home ownership. For example, a company called Lifeware will be showcasing its version of the “brain” at the centre of a smart home. Their product is a $2,500 home server, configurable from a computer or an entertainment system remote, that can talk to wirelessly linked light switches, thermostats and alarms. As you can imagine, Las Vegas homes (that sit in 105 degree heat for four months of the year) could really benefit from these energy-saving technologies.

Builders are scaling back on the production of new Las Vegas homes in response to a multiplicity of market-based realities. Reduced construction activity for new homes in Las Vegas is being caused by a combination of paltry consumer demand, an explosion in the inventory of resale homes for sale and the increased difficulty in getting reasonable financing terms for some borrowers. Consider these statistics from Home Builders Research:

“For only the second time since January 1992, homebuilders took out fewer than 1,000 permits in a month, according to Dennis Smith, president of Home Builders Research. In July, 859 permits were issued, bringing the seven-month tally to 10,140. That’s a year-to-year decrease of 36 percent, the lowest total through July since 1993, Smith said.”

What this means of course is that builders are moving aggressively to bring supply and demand back to a more appropriate balance. Another way in which this is being accomplished is for builders to aggressively trim existing inventory. Las Vegas new homes are being marketed to SELL as never before. Builders are doing WHATEVER IT TAKES to shed excess standing inventory. This includes generous contributions to closing costs, thousands of dollars in upgrades and incentives and in many cases, lowering prices outright. Contrary to the media-hype, prospective buyers with solid credit histories are still able to obtain mortgages, often from the builders’ preferred lender at attractive terms.

The Michelle Sterling Las Vegas Real Estate Team keeps a finger on the pulse of the new homes market on a daily basis. We are in constant communication with new home sales offices all across the Las Vegas Valley. As Buyers Agents, we provide comprehensive representation and in-depth knowledge of market conditions at NO COST to you whatsoever. The BUILDER at every new home community in Las Vegas pays our fees, not you. Can a builder cut you a sweeter deal if you forgo our representation and work directly with their sales agents? Nope, it’s against the law, as well it should be. The job of a new home sales agent is to get the best deal for the builder. Our job is to get the best deal for YOU. It’s not the kind of advocacy that you would want to go without. Our services are at your disposal.

The Michelle Sterling Team at Prudential Americana Group, REALTORS has come across yet another fantastic deal in the Las Vegas real estate market. This time we have uncovered AMAZING deals at Desert Crest by Pulte Homes.

Please remember to always take a licensed Realtor with you before going to a new homes sales office. The real estate agents working at a Las Vegas new homes office work on the behalf of the developer, not you! The licensed real estate agents on The Michelle Sterling Team would be more than happy to represent and guide you through every step of the home buying process - all at no cost to you! That’s right our representation is 100% free! The developer of the new home you are buying pays our fees!

Deal #1 from Pulte Homes:

The price with all the upgrades is $303,715 but Pulte Homes is currently offering an incentive of $35,000 which can be taken directly off the price. That would bring the price to $268,715. The incentive can also be used to pay for closing costs or buy down the interest rate.

Deal #2 from Pulte Homes:

The price is currently $338,815 but Pulte Homes is offering an incentive of $35,000 which can be taken directly off the price. That would bring the price to $303,815. The incentive can also be used to pay for closing costs or buy down the interest rate.

A LAS VEGAS REALTOR IS STANDING BY FOR YOUR CALL

The National Association of Realtors (NAR) reports the following:

“Home prices are expected to recover in 2008 with existing-home sales picking up late this year and new-home sales rising early next year, according to the latest forecast by the National Association of Realtors (NAR).

NAR says that existing-home sales are expected to total 6.11 million this year and 6.37 million in 2008, down from 6.48 million last year. New-home sales are projected at 865,000 in 2007 and 878,000 in 2008, compared with 1.05 million in 2006. Housing starts, including multifamily units, are forecast at 1.43 million units this year and 1.44 million in 2008, down from 1.80 million last year.

NAR says existing-home prices are likely to rise 1.8% to a median of $222,700 in 2008 after a 1.4% decline this year to $218,800. The median new-home price should rise 2.2% to $245,400 next year following a 2.6% drop in 2007 to $240,100.”

For more information on this report please visit The National Association of Realtors website.

When in the market to buy a home, please visit The Michelle Sterling Las Vegas Real Estate website. Our trained and professional Las Vegas Realtors will guide you through every step of the home buying process at no cost to you! The seller or developer of the home you are buying pays our fees. So what are you waiting for? For free no obligation information on the Las Vegas real estate market please call us today!

A LAS VEGAS REALTOR IS STANDING BY FOR YOUR CALL

The Michelle Sterling Team is always on the look out for hot new deals for our Las Vegas real estate clients. Just today we became aware of these fantatsic Las Vegas new homes with aggresive builder incentives.

Start packing because these home plans are available for you to move into in July and August!

The Verona - $333,625

MOVE IN JULY!

The Verona is an 1880 square foot two story home featuring 3 bedrooms, 2.5 bathrooms, 2 car garage and a loft!

The upgraded features of this home include:

The builder of this home is offering incentives worth $25,360 towards options!

For full details on this home please call The Michelle Sterling Team today at 888-349-2595.

A LAS VEGAS REALTOR IS STANDING BY FOR YOUR CALL

The Florence - $301,525

MOVE IN AUGUST!

The Florence is a 1661 square foot two story home featuring 3 bedrooms, 2.5 bathrooms, 2 car garage and a loft!

The upgraded features of this home include:

The builder of this home is offering incentives worth $23,280 towards options!

For full details on this home please call the Michelle Sterling Team today at 888-349-2595.

A LAS VEGAS REALTOR IS STANDING BY FOR YOUR CALL