Las Vegas Real Estate News and Tips

"Where can I find homes for sale in Las Vegas" may sound like an odd question for a real estate agent who has been helping buyers and sellers with their real estate pursuits in Las Vegas since 2003.  Unfortunately, we are going through a constantly changing housing market here in Las Vegas.

At the peak of the market in 2004, the number of homes listed for sale declined to only 2400 at one point.  That was barely a month's supply.  At that point, builders began building a home on every piece of land they had available and buying more land.  By 2008, it was obvious that the market had turned, the number of homes for sale in Las Vegas was at least a year's worth of inventory and we didn't have the influx of six to seven thousand new residents relocating

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Las Vegas parks range from the smaller little grassy areas positioned throughout master-planned communities to larger State and Federal parks where one can go hiking, camping and exploring our desert.  One of the most colorful is also the oldest and largest State Park in Nevada.

The Valley of Fire State Park is only an hour from Las Vegas, located just East of the 15 Freeway on the way to the Lake Mead National Forest at Overton, NV.  Even for those who aren't into outdoor activities like hiking and camping, this park is worth the drive just for the scenery.

The park gets its name from the red sandstone formations and shifting sand dunes that developed during the age of dinosaurs 150 million years ago.  Although, the red sandstones are the

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If you've been following Home Values in Las Vegas Real Estate Market,you may have heard that one of the obstacles we face in helping our sellers get a decent price for their homes is the appraisal.  In today's Las Vegas Review Journal, there was an article regarding how " home values have declined for two years in a row" in Las Vegas.

We don't disagree with this article's statement that property values here have declined in 2010 and in 2011.  However, we do disagree with the appraiser they interviewed who feels that what a buyer is willing to pay for a property does not reflect market value.  As long ago as October 2009, I had written a blog post concerning how appraisals were killing our market.  Now, almost three years later, the situation has not

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Buying your new home is a combination of an emotional and logical process.  Even the most seasoned buyers will frequently forget a few basics if they find a property that gives them that warm, tingly feeling that makes them want to jump right into owning it.  Buying a home in Las Vegas is exciting and buyers may sometimes fall so in love with their new home that they may overlook a few things.  Under any circumstances, there are a few options that homebuyers should be careful of.  My top three are:

1)  Always get a home inspection.  I recommend home inspections to anyone buying a home in Las Vegas and elsewhere.  I recommend a home inspection even with new construction.  Even the best maintained home could have something hidden that the current owners

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Home buyers can find great prices at record low interest rates, but they may find their choices are becoming somewhat limited in Las Vegas and Henderson.  There are currently 8202 single family homes for sale without offers on them in the Las Vegas MLS.  Add another 1450 condos, town homes for sale and 424 condos in the high rise category.  That gives us a total of 10,076 choices for buyers.

Considering that we sold 3965 homes per month over the last year, the current inventory is only two and a half months of homes if no new listings were to come on the market.  However, with fewer bargains to choose from, we saw a drop in the number of homes sold in January.  As of today, the MLS is showing that 3456 properties closed escrow in the first month of

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Lennar  is now offering some excellent homes at a great value in Summerlin's Andalusia community.  This is a great location, just West of the 215 Beltway at Charleston & Desert Foothills.  Home sizes range from 3200 sf to 3900 sf, with prices starting at $380,000 with EVERYTHING included!  

By EVERYTHING, we mean Stainless GE Profile Kitchen appliances, granite slab kitchen countertops with full backsplash behind cooktop.  Include an undermounted stainless Amerisink with Moen faucet.  Cabinets are 42" raised panel maple with spice finish and crown molding.  Family rooms are pre-wired for home theatre.  Each room is pre-wired for ceiling fans and two ceiling fans are included in the purchase of the home.  Flooring in the entry and wet areas is 18" x 18"

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If you are relocating to Las Vegas one of your first questions is probably concerning the weather.  When clients ask me about the weather, I know they're waiting to hear about how hot it gets.  I'm probably not the best person to ask about the weather because lots of sunshine and warm weather is the reason I moved here from Northern California.  Best answer I have for this question is the photo I took of folks enjoying our nice 103-104 degree weather last June.  As you can see in the picture on the left, the Summer heat does not keep us from enjoying our parks and walking paths.

Even though I wanted those sunny, hot summers, I did prepare myself by moving here in December so I had a chance to acclimate.  For anyone who is moving here from a colder

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The Bellagio Conservatory puts a different twist on their New Year's Celebration with an incredible display in their conservatory.  While the Bellagio is known for their fountains, the conservatory is an additional attraction with magnificent displays that are changed several times throughout the course of the year to celebrate the seasons.  The Chinese New Year Display is always a favorite and the Year of the Dragon is no exception.

While the Palazzo/Venetian display is centered around one large, giant Dragon with five claws, the Bellagio features five beautiful Dragons.  Each of the dragons is a different color, representing an element ranging from the Brown Dragon for the Earth to the Gold Dragon for metal.  Each Dragon was made using 3000 hand

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Recent articles in the Las Vegas Review Journal taunted that the high rise prices have "tumbled", we don't believe they will continue to "tumble".  While we agree that high rise prices did tumble last year, we found that opinion to be the sort of short sighted view of someone who is looking in the rear view mirror rather than the road ahead.  Yes, we have seen some incredible deals in the high rise market.  Our happy clients are now owners of many of the lowest prices paid in several buildings.  I am quite certain that you want find a 1 bedroom Southeast corner unit above the 45th floor of Trump for $300K again, for example.  If it were listed for that price a bidding war would quickly drive the price up closer to $400K, or maybe a bit higher.

In

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Buyers who are re-locating here from other areas will frequently ask me which are the most prestigious of our commuities.  One way of answering that is to understand which communities are selling homes in the highest price ranges.  At the peak of the Las Vegas Real Estate market, it was not unusual to see homes that sold for more than $10 million.  Not so in today's market.  In fact, we can count the number of homes that sold for more than $5 million in 2011 on one hand with a couple of fingers to spare.

There were three homes which sold for $5 Million or more in the past year.  One of those homes did break the $10M barrier.  Built in 1996, the 24,006 sf home is on Tomiyaus Ln, near Wayne Newton's estate.  The estate which was purchased by Phil Ruffin,

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