An important barometer of our continued popularity comes from a source you might not think of necessarily, the Nevada Film Office. For the last nine years running, revenue from film production, tv shows, documentaries, music videos and commercials have topped 100 million dollars, the Nevada Film Office said today. The continued attraction of Las Vegas as a visual experience is more directly related to the attraction of Las Vegas as a residential experience than you might imagine. The excitement and appeal of Las Vegas doesn’t just make people want to visit here, it also makes them want to live here.

Here are some other positive factors that you may want to keep in mind the next time you see a doom and gloom story in the news: Nevada is ranked #3 in the nation for its tax climate, the average year-round temperature is 70 degrees and 75 out of 76 homeowners are current on their mortgages. In addition, 330 baby boomers turn age 60 every hour in this country and Las Vegas, Nevada continues to be their #1 residential retirement destination.

Nellis AFB is one of the premier air combat training bases in the world and Creech AFB is home to operational squadrons for the Predator and Reaper unmanned aircraft. These two bases represent the second largest employer in Clark County, with nearly 13,000 active-duty military, Air National Guard, Reserve, and civilian employees. The impact on our local economy from this tremendous national resource is hard to overstate. The Air Force report calculates the overall economic benefit to Clark County from the Nellis and Creech bases at an estimated five billion dollars.

More than the economic boost is the pride that all Southern Nevadans feel to have such vital national security facilities located right in our local area. The Michelle Sterling Las Vegas Real Estate Team is privileged to have the opportunity to assist military personnel with residential relocation on a regular basis. It’s some of the most important work we do. Any opportunity to show our gratitude for those in uniform is a blessing for us.

Las Vegas will lead the nation’s housing market recovery, probably starting in the second half of the year, the chief economist for the National Association of Realtors said recently.

Lawrence Yun also points out that “the long-term prospects for Las Vegas are bright because baby-boomers reaching retirement age are migrating to cities with warm climates and favorable tax structures.”

The Small Business Survival Index, a study from the Small Business & Entrepreneurship Council, just ranked Nevada No. 2 nationally for its friendliness to small businesses, primarily because of its favorable tax structure. Nevada was second only to South Dakota in the index.

According to Relocation.com, Las Vegas ranked #1 in 2008 as the most popular large-city destination in America for long distance moves, beating out Denver, Charlotte and Phoenix. It’s expected that Las Vegas will top the list again in 2009.

Forbes.com recently completed a survey entitled America’s Best Cities for Home Buyers. Number One on their Top 10 List was Las Vegas, Nevada. Forbes documented the fact that “highly motivated sellers” have forced prices low enough to stimulate substantial levels of buyer activity for Las Vegas homes.

As you can see, it’s not all doom and gloom, not even close. Want to know more? We’re standing-by at 888-349-2595

Loans for qualified first-time home buyers are available through the Federal Housing Administration (FHA) at the lowest interest rate in decades, with just 3.5% down. Not sure if you can qualify? Let’s work together and find out. Please keep in mind that if you wait until after June 30, 2009 to purchase, you will forfeit the opportunity to receive the $7,500 federal tax credit currently available for (income qualifying) first-time home buyers.

According to a survey released last month by the National Association of Realtors, the typical first-time buyer plans to stay in the home for approximately 10 years. Ask yourself this question as a potential first-time buyer in Las Vegas; am I planning on staying in this home for at least five years? If the answer is yes, then I would suggest that you seriously consider the 2009 market for Las Vegas foreclosures as perhaps one of the best pricing opportunities ever presented to buy residential real estate in the most dynamic city in the world.

The US economy isn’t going to look anything like this five years from now, and neither is the US housing market. There is a very good reason why sales figures in the Las Vegas market have been surging strongly these past months. No city in the country can match the long-term economic potential of Las Vegas, Nevada. No other residential market in the country can match our current buyer statistics and that’s a documented fact. Take some time and browse through this blog and you’ll read plenty of good reasons why this is so.

If you happen to be positioned as a potential first-time buyer of a Las Vegas home, this is a particularly golden opportunity in the making.

The real and very important point is that the Las Vegas residential market has the strongest supply of BUYERS in the entire country.

In case you think that’s not such a big deal, call someone you know in Florida who is trying to sell their home. Apparently, buyers are virtually non-existent in the sunshine state at this point in time (according to Forbes.com). There is a very real difference between having the opportunity to sell, even at a loss (if you so choose), and being stuck in a local residential market with virtually no opportunity to sell at all, at any price.

Another question worth asking, which Forbes.com did not address, is why the Las Vegas real estate market has the strongest buyer activity in the country? The answer should be more than obvious to any regular reader of this blog. Another way to put the question is this; how well has anyone done in the past 40 years betting against Las Vegas, no matter what the odds seemed to be at the time?

The Michelle Sterling Team is up to our elbows in the market for Las Vegas foreclosures on a daily basis. We represent buyer after buyer that demands the most-house-for-the-money in the best buyers market that Southern Nevada has ever seen. Ready to get in on the action? Toll free at 888-349-2595

Hedge funds and other global institutional investors with deep pockets and five-year time frames are buying Las Vegas foreclosures IN BULK DIRECTLY FROM THE BANKS. If you could see the numbers you would fall off your chair, but you can’t, because these are privately negotiated transactions. We’re talking about “package deals” being done for 15, 30 or 50 million dollars a pop that involve 50-250 properties at a time. No joke.

Bottom line? Las Vegas foreclosure homes are currently selling at incredibly deep discounts to long-term intrinsic value. We’re talking about positive cash-flow investments by the boatload that will almost certainly experience major price appreciation from today’s “crisis prices” in five years time. Our market is a bonanza for the REAL smart money players on Wall Street and elsewhere, and I don’t mean those guys on the news who blew up the banks, and themselves. The players with real brains (and cash) stay out of the newspapers and off CNBC, believe me.

Is the Las Vegas real estate market beginning to find a bottom in terms of price? Absolutely no question in my mind. I would submit to you that the lions share of the pricing reductions resulting from this multi-year series of cataclysmic events has already occurred, and that any remaining price depreciation will be very minor by comparison. By 2010, the best properties at the best prices will be gone, sitting in portfolios earning a solid rate of monthly return, with plenty of future upside to look forward to.

The Michelle Sterling Team at Prudential Americana is currently working with a multitude of residential real estate investors (from all over the country) that feel confident about adding Las Vegas property to their diversified portfolios. Put our knowledge and experience in the market for Las Vegas foreclosures to work for you. Toll free at 888-349-2595.

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!

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.

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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.

However, it’s important to understand that Lake Las Vegas has been substantially effected by the downturn in the US residential real estate market. Prices have dropped precipitously at Lake Las Vegas over the last 16 months and bank foreclosures are a significant component of current market inventory. All bank foreclosure properties are not created equal. It is not at all unusual to encounter significant disparates between seemingly similar properties. Experience counts, now more than ever.

If you’re looking to take advantage of current circumstances to score a great deal on a Lake Las Vegas property, your timing couldn’t be better. It would be in your best interest, to say the least, to work with a Realtor that is highly experienced in the Lake Las Vegas community specifically.

I am Michelle Sterling, leader of the Michelle Sterling Team at Prudential Americana Group, Realtors in Las Vegas. My knowledge of, and experience in, the Lake Las Vegas community is extensive and ongoing. I am currently representing multiple Lake Las Vegas buyers that have their sights set on the tremendous pricing opportunities currently available.

I’m ready to discuss your Lake Las Vegas plans in detail. Toll free at 888-349-2595 or ms@mslasvegasrealestate.com

Click here to search Lake Las Vegas Foreclosures by price range

The wealth of opportunity currently available in the market for Las Vegas foreclosure homes is truly extraordinary. The Michelle Sterling Team is working every day with Buyers from all over the country (and the world) that recognize long-term residential real estate value in the most dynamic and exciting city in the world. These savvy Las Vegas investors just cannot resist today’s prices for Las Vegas homes and feel confident about the potential for long-term appreciation in value.

Ready to get in the game? We’re ready to get to work for you! Toll free at 888-349-2595 or info@mslasvegasrealestate.com

The Las Vegas real estate market is full of opportunity for savvy buyers that understand long-term value. Our prices have literally plunged over the last 18 months and the bank foreclosure market is especially attractive. The “big picture” economic prospects for Las Vegas, Nevada going forward are not at all in doubt, despite the immediate situation. Smart money from all over the world is pouring in to take advantage of deeply discounted residential properties while they still exist.

Should you be in the market for Las Vegas real estate on a cash basis, I can assure you that the Michelle Sterling Team will provide the most comprehensive Buyer Representation available in Southern Nevada. Our in-depth knowledge of the bank foreclosure market is especially advantageous to you as you seek to maximize your opportunities.

Thank you so much for visiting our market-leading website and reading our blog.

Considering the number of Canadian buyers that are currently active in the Las Vegas real estate market, the new Southwest-WestJet combination has a bright future. The Michelle Sterling Team is currently working with vacation-home hunters from every Canadian province that can’t resist our incredibly low prices. Those planes are going to be full.

Thank you for your inquiry about brand new homes in Las Vegas. I have extensive experience representing clients in the market for new construction all across Southern Nevada and I look forward to working on your behalf.

Please keep in mind that my representation on your behalf is a critical component in obtaining the best possible deal on your new home. The community you have expressed interest in has a sales office that is staffed with real estate agents that work for the builder. It is their job to obtain the best possible terms for the builder of the home…..who of course is also the seller.

My job is to negotiate aggressively on your behalf to obtain the best possible terms for you. My services are completely FREE to you because my fees are paid by the seller. It is illegal for the builder to give you a better deal if you don’t have proper representation, so don’t worry about that one bit. My knowledge of your chosen community, and others like it, is extensive and continually updated, so I can challenge the seller to improve upon selling terms in ways that you may never think of yourself.

Lastly, don’t forget that new home builders in Las Vegas are forced to compete for Buyers every day with banks that are selling foreclosed homes, often nearly new themselves, at very aggressive prices. I will bring this research to bear as well when I negotiate the best possible price with the builder whose product you have shown interest in.

I’m sure you’ll agree that my services are both extensive and necessary as you seek to obtain the most house for the money in what can truly be called a “buyers market” !!

The centerpiece of the golf center is the phenomenal driving range. Open well into the night and beautifully lit (hey this is Vegas!), the Callaway range consists of 113 stations on a bi-level configuration. Players can engage in serious practice by targeting 10 greens, with the furthest-out at 375 yards. Nope, I haven’t come anywhere close to that one yet! The driving range offers synthetic mats, natural turf and a fantastic view of the Las Vegas Strip, especially at night.

The Callaway Center also includes a 9-hole par 3 course aptly named “The Divine Nine”. Fully illuminated for night play and loaded with water features, the Divine Nine consists of holes ranging from 110 to 185 yards with PGA quality greens. I’ll admit to losing more than a few balls on hole number three! Seriously though, the night time play in the summer is just amazing. The Strip glitters in the background and the private jets glide-in to nearby Signature Air Terminal. It’s really something!

How about shopping? Saint Andrews Golf Shop is 5,000 square feet of heaven if you’re a golf addict like me. The store is beautiful and stocked with bags, clubs, clothes, shoes and every accessory you could want. I’ve been known to hang-out at the Odyssey in-store putting green for hours!

Next stop on the Callaway tour is the state-of-the-art club fitting center. Using two high speed cameras and ball flight simulators, a computer monitor displays your launch conditions—ball speed, launch angle and spin rates. They call it CPAS—the Callaway Performance Analysis System, how cool is that? Unfortunately, it also documents all the faults in your swing, which in my case is substantial!

Last but not least is The Back 9 Grill. This is a full service restaurant and bar located right inside the Callaway Golf Center, just twenty steps from the SA Golf Shop. Breakfast is served daily from 6:30am (uugh) and happy hour runs from 4-7pm daily (more my speed).

If you must know, The Michelle Sterling Las Vegas real estate team has been known to pound a few happy-hour beers after a few buckets of balls down at the Callaway Center. We all love golf!

Let’s start where it all started for Puck in Las Vegas. Spago in the Forum Shops at Caesars is still considered one of the top “power lunch” venues in the city. The food is amazing and the spacious patio ensures that friend and foe alike will spot you dining with clients, colleagues and competitors. Spago is the reservation to make when you want to turn a business lunch into a statement in itself.

If you can’t get a table at Spago, you get a second shot at Wolfgang food without ever leaving the Forum Shops. Chinois is a chinese fusion experience with a zen-inspired atmosphere and fabulous martinis. Located across from the two-story rocking horse at FAO Schwarz, Chinois is a great dinner spot.

The best place for drinks and light food after a show at The MGM Grand is Wolfgang Puck Bar and Grill. The atmosphere is casual and the energy is great. If you happen to be at Mandalay Bay, Lupo invites you to enjoy a classic Italian Trattoria. When in Rome, do what Wolfgang does and order Lupo’s homemade pasta with Italian ricotta doughnuts for desert!

The Venetian/Palazzo resort complex is your destination for the last two of six Puck Las Vegas locations. Postrio in the Venetian does justice to the original Union Square creation, one of the best restaurants in the Bay Area. Guests of Postrio Las Vegas may choose between the main dining room and the indoor patio on St. Mark’s square. The new Palazzo features CUT, a Puck steakhouse of the first order. The beef is to die for and the lounge is already a hot spot for drinks, appetizers and whatever else might happen in Vegas.

I’m guessing that it may be time for some Las Vegas luxury real estate to complement Cher’s stage show. It seems the Diva extraordinaire has put her Malibu estate up for sale for $45 million. The three-story house (14,000 sq ft) has six bedrooms, seven bathrooms, a theater, a gym and multiple verandas. It sits on a bluff overlooking the Pacific Ocean and is designed in Italian Renaissance style.

What is it about diva singers, Caesars Palace and Italian Renaissance luxury estates? Celine Dion purchased a breathtaking Lake Las Vegas home in authentic Tuscan style when she opened her show at The Colosseum a few years back. Somehow I can’t picture Cher on a golf course though, and I’m thinking that a different neighborhood might suit her better. You have to wonder if she’s secretly shopping right now!

In Senator Reid’s words….

“Nevada has the potential to be the nation’s renewable energy epicenter. Southern Nevada’s clear sunny days make it one of the best locations for solar energy in the world, and northern Nevada holds the largest amount of untapped geothermal resources in the United States. There are tremendous wind resources throughout the state as well….”

The timing of this conference couldn’t be better and the issues at hand are vital for our country’s economic prosperity as well as our national security. The seriousness of the problem is directly reflected in the panel of participants scheduled to take part in the event. President Clinton will be presiding along with Senator Reid and the governors of Colorado and Arizona will be in attendance. New York City Mayor Michael Bloomberg will be attending as well.

One of the most interesting and dynamic guests at the conference is sure to be T. Boone Pickens of Texas. A billionaire oilman and hedge fund operator, Pickens is leading the charge to capture wind power as the future source of 20% of our national energy needs. He has announced bold plans to build the world’s largest wind farm in the Texas panhandle.