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Las Vegas Real Estate News from GreatLasVegasHomes and the Tonnesen Team at Berkshire Hathaway

Las Vegas hotel poolNo swimming pool in your Las Vegas home?

If you aren't fortunate enough to have a swimming pool in your Las Vegas home, you might want to consider booking into a hotel for the weekend to beat the heat. While most Vegas hotels have swimming pools, some are more impressive than others - here are some of our favorites:

1. Mandalay Bay Beach Resort:

You can't go swimming in Las Vegas without checking out the pool, or should I say "beach," at Mandalay Bay. This 11-acre resort features a sandy beach area, complete with palm trees, lounge chairs and umbrellas, plus eight pools, including wave pool and lazy river, and the adult-only, Moorea Beach Club. For those who can't keep away from the tables, visit the beachside casino with its own restaurant and

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"Where have all the homes gone?!" In the Las Vegas real estate market it's like the clock has suddenly been turned back to the year 2004. Within hours there are multiple offers on everything listed under $250k, often sight unseen, and most accepted contracts are going above list price. New home builders are warning real estate agents about imminent price increases.

At the beginning of November there were approximately 11,500 single family homes actively on the market that were not yet under contract. Today, less than 6 months later, there are only 5,074 active single family listings in the Las Vegas MLS. That's about a six week supply at the current rate of absorption.

This is a direct result of Assembly Bill 284, which effectively stopped the non

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During the recent mortgage melt down, banks had suspended all foreign national financing except for Canadians buying second homes in the United States. But as of last week, foreign national mortgage financing is once again available for citizens of other countries wanting to buy vacation homes in Las Vegas.

Most Las Vegas mortgage lenders, like Bank of America and Wells Fargo, don’t have these programs available, but there are now a few smaller “rising star” lenders that have foreign national funding for second homes. The basic guidelines of the programs are as follows:

  1. Can only be for a second home, no investment properties
  2. Buyer cannot own any other property in the United States
  3. 30% down payment
  4. An international credit report with acceptable
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Nevada has always been a non-judicial foreclosure state.  If a borrower was past due, all the mortgage holder had to do was produce copies of the appropriate documents and file foreclosure notices, and within approximately 5 months the foreclosure sale took place at the county steps. There was no right of redemption for the borrower, and the new purchaser took possession immediately.

But in the wake of the robo signing scandals, the Nevada legislature passed a new amendment, AB 284, which included the requirement that an authorized representative of the current lien holder had to complete and sign an affidavit indicating they had “personal knowledge” of all previous transfers of interest in the note. Most notes are sold by the originating lender within

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The mission statement of the new Smith Center for the Performing Arts in Las Vegas reads: “To build and establish a high quality performing arts center that is embraced by the community and recognized as a vital force by supporting artistic excellence, education and inspiration for all.”

Well, mission accomplished! Say hello to the most hotly anticipated cultural venue in Las Vegas history: a $450 million performing arts center that puts Las Vegas on a par with the world's great stages. Some musicians are even claiming it is THE best performing arts center in the entire world. If you’ve been debating whether to move to Las Vegas because of its lack of cultural events, wonder no more.

The Smith Center celebrated its gala March 10th opening by greeting

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We are truly excited to announce the launch of our newly redesigned web site at www.GreatLasVegasHomes.com. The new site has much more information on specific housing communities and condo developments, with on-page statistics for high, low and median prices within each community and direct links to listings by price range.

The new real estate search engine also gives you many more choices to refine your search results – you can even eliminate short sales or look specifically for bank foreclosures. Each detailed property listing has maps showing nearby amenities like schools, restaurants and shops. And, unlike the national sites, contingent properties have been eliminated, so you don’t waste hours looking at properties that are already under contract.

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The Modern Las Vegas CondosIf you have been looking for a taste of luxury, hurry down to view the new models at The Modern, which should be completed by the end of January! The Las Vegas real estate market is coming to life again with The Modern, the first new Las Vegas luxury condo project to open during the past few years, was developed as a totally unique luxury loft lifestyle focusing on the essentials of what optimized living should be.

The remarkable luxury loft homes of The Modern combine a respect for the light, the color palate, and the natural environment with state-of-the-art technology and a true understanding of how people relate to space. The architecture provides progressive soaring private spaces to call home in the context of a neighborhood social community with…
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The pricing on Las Vegas new homes has been drastically reduced over the past few years (along with the rest of the inventory in the Las Vegas real estate market), and it is amazing how affordable some of the luxury new home developments have become. Dunhill Homes has two gorgeous neighborhoods in lush guard gated golf course communities, Tuscany Village and Rhodes Ranch, which are offering some surprising values.

Rhodes Ranch is located in the popular southwest area of Las Vegas near Summerlin. One and two story floor plans in this community range from 1532 sf to over 3600 sf, and are priced from $185k to $329k. The Rhodes Ranch community offers residents a 35,000 square foot recreation center with fitness facility and resort style pools, a Fun Zone

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Didn’t think you could afford Las Vegas real estate? Now you can own a condo right on Las Vegas Boulevard for only $125k!

Sneak preview - own your piece of the fabulous Las Vegas Strip for a fraction of the usual cost. Located right between the between the beautiful Bellagio and the vibrant MGM City Center in the heart of all the action, this rare Jockey Club condo is just right for the perfect vacation getaway.

Just listed - lovely 9th floor unit with one bedroom one bath unit and full kitchen is fully furnished with everything you need in a holiday home. As an owner, you can take advantage of the Jockey Club’s fitness center, pool, sauna or business center, and then stroll casually out the front door to the finest restaurants, shops and shows in the

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For the past three years clients have been telling us they want a “steal of a deal” on Las Vegas real estate. So how come most of them stop looking in December? All month long, December is the Black Friday of real estate!

Savvy shoppers know that December is the best time of the year to buy property for a number of reasons. And that has never been more true of homes for sale in Las Vegas at the end of 2011 with interest rates and prices at an all time low already.

1. Motivated sellers! Many sellers will take their home off the market until after the holidays. This indicates a seller who is less motivated to sell. A seller who keeps their home on the market and easily available for showings wants to make that deal.

2. More negotiating room! Banks and other

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