October 2013

Found 4 blog entries for October 2013.

This annual event has established itself as a "can't miss" event.  It's the perfect setting to enjoy a nice day of food, music and art.  This year's festival was held in the Summerlin Centre Park, surrounded by palm trees and views of the Red Rock Mountains.

This year's festival included performances by the Academy of Nevada Ballet Theatre on both days.   On Sunday, the Nevada School of the Arts NSA Chamber Music performed with members of the Las Vegas Philharmonic.  The editor of the Desert Companion Magazine shared the bandstand with one of the trampoline performers from Cirque du Soleil's new Michael Jackson show later in the afternoon.  Kids in the audience were able to hear first hand what it's like to be a Cirque performer.

 Many of the

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We  haven't seen our friends Diane and Steve in a few weeks.  Last Wednesday they celebrated the one year anniversary of closing on their Las Vegas home.  Good reason to celebrate.  When Diane and I talked on the phone, we both agreed we were ready to go out and do something but didn't really know what was going on this week-end.

A look at the options reminded us that it's great to live in "our town".  When we started looking around we discovered lots of things that interested us.  All kinds of shows on the Strip, the Philharmonic is at Smith Center tomorrow night.  The Venetian sent an offer on Facebook to buy tickets to "Rock of Ages"  at a special price for locals.  Also have been hearing terrific reviews of the "Voices of Veronic" at Bally's.  Not

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It's official.  After 19 months of watching the median home price increase, it finally took a slight dip of 1.1% in September.  It fell from $182K to $180K.  Considering that prices have risen over 30% during the past year, it's actually a good thing to see the price appreciation slow down a little.  There are a number of factors influencing this.  Starting with the time of year.  Homes that closed escrow typically went into contract in August.  That is a month when many buyers are trying to grab the last chance for Summer vacation and getting ready for school.  Other factors likely include higher interest rates and the decline in the number of homes purchased with cash by investors, which we'll discuss in the final look at last month's deals.

If you

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Currently listed - We've entered the final quarter of the year and we currently show 389 units available in the major buildings with more than ten floors.  We continue to see buyers having trouble finding units on the higher floors with great views for the lower prices that became routine over the past few years.  Of the current listings, only 13 are short sales and 9 are foreclosures.  Distressed sales are only accounting for 5.6% of this specific market segment.

Financing has been difficult in the high rise market due to litigation and high tenant occupancy in most buildings.  Nevada State Bank now has a portfolio lender who is able to finance in buildings that have been off limits to buyers who couldn't pay cash.  The financing is only available to

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