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Las Vegas Real Estate News

The Candy Bomber - Gail HalvorsenEven though we are well into January and a new year, I just came across this YouTube video and had to share it. The video, which was released in October 2013, features Tom Brokaw, renowned broadcast journalist, telling the story of Colonel Gail Halvorsen. Colonel Halvorsen, known as the Candy Bomber, is credited with changing the course of the world back in 1948 when he started dropping miniature parachutes of candy to the starving children of West Berlin. His simple act of kindness blossomed into a massive airlift operation that helped heal the wounds of World War II. 

Colonel Halvorsen's story speaks for itself. My hope is that we will all remember his gift every day of the year, not just on Christmas, and strive to make the world a better place in

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The Magical Forest in Las Vegas, NVThe Magical Forest has become a cherished Las Vegas Christmas tradition. Originally it began as a small wine and cheese party that drew in passersby with its lovely Christmas lights, causing them to stop on their journey through the city and ask for a moment’s admittance.

But the Magical Forest of today is a far cry from its simple origins. Now it is a major local “happening” that draws thousands of return patrons year after year along with hundreds of volunteers.

And this year, the not-for-profit foundation, Opportunity Village, which sponsors the Magical Forest, has outdone itself once again, orchestrating yet another incredible display of yuletide cheer to raise money for all the services they provide. Opportunity Village has been training those

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Looking for brand new Las Vegas homes for the holidays? Look no further! Several new home builders are having end of the year closeouts on standing inventory homes with GREAT incentives! Check out the offerings below and give us a call at 702-985-7654 for more details! 

             

                   Mountain's Edge

 

   

Sq.ft

Ready

Details

Bed

Bath

   

2,424

NOW

Over $20,000 in Options Included

4

3

   

1,939

NOW

$10,000 in Options Included

3

2.5

                  Mountain's Edge

 

   

Sq.ft

Ready

Details

Bed

Bath

   

3,529

NOW

Over $60,000 in

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Las Vegas Shadow InventoryIs there really a shadow inventory in the Las Vegas real estate market? If so, when will these properties be released to the market? What will happen to prices when/if it happens?

As real estate agents, these are questions we are asked almost every day, and a number of buyers have stated they are waiting until prices "go back down" before purchasing.

But will prices go down? Prices skyrocketed during the boom and then plummeted below pre-boom levels during the recession. Las Vegas has seen appreciation of 30% over the past year due to low inventory, but we are not quite yet back to pre-boom pricing yet., and experts feel that prices will continue to rise slowly until they reach this level again. (Before the boom, the prices of homes for sale in Las

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FHA Loan Limits for Las Vegas, NVUrgent FHA Bulletin!

On Friday December 6th HUD announced the new FHA loan limits for 2014 (Mortgagee Letter 2013-43) across the nation. For Clark County, the current single family loan limit of $400,000 has been reduced by more than 28% to $287,500 effective January 1, 2014. 

This move is not unexpected - the FHA loan limits have not been changed since the "boom" years. Usually FHA prices its loans to the median of the local market. The only thing surprising is that they waited this long to decrease the limits in Las Vegas.

But if you are a buyer that has been looking at homes for sale in Las Vegas or Henderson in the $300K-$400K range and you were expecting to make only a 3.5% down payment, you need to decide on a property and make your loan

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New Homes for Sale in Las Vegas at Silverleaf

 

Need a home by the end of the year? This beautiful DR Horton community in the booming southwest area of Las Vegas has immediate move-ins on brand new homes! The neighborhood includes its own private park and a community pool, and homes come standard with granite countertops and low E windows. 


Check out this standing inventory and view the floorplans. Call 702-985-7654 to see today!

2235 SF Floor Plan  2135 SF Floor Plan

Lot 133 – 2135 SF – $231,692.00 - Immediate Move-In!!!

Upgrades Include - 36’’ Spring Valley Maple Sable Cabinets, San Mateo Granite, Linear Alure Backsplash, Bianco Piedra Fina, Colonist Doors, Black Appliances, Electrical Package, Gas Stub-Out, Soft Water Loop, Upgraded Flooring throughout! Plus Much More!

Lot 139 –

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Homes for Sale in Las Vegas during DecemberSavvy buyers know: the month of the December is THE very best time of the year to pick up deals on real estate in Las Vegas!

Most markets across the United States have a much longer "slow" season for real estate purchases. In the southern sunbelt, which is traditionally snowbird country, the summer months are the best time to pick up a bargain. In the north,  once the winter season starts, home shoppers go dormant until the spring.  

And all markets around the country see a particularly significant slowdown in the weeks between Thanksgiving and Christmas. Most people are too busy with holiday parties and shopping to give serious thought to buying a home. But in Las Vegas, which has a steady market pretty much all year round, that's the only time

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Price Slashed on Wayne Newton's Home!

Evidently the $70M price tag on Wayne Newton's former residence, Casa de Shenandoah, was not generating any offers - or any lookers either. Even with the F28 jet and private airplane terminal thrown in, no one was showing any interest in the property.

So the price was just slashed $22M, from $70M all the way down to $48M, a 31% reduction!   The 40 acre ranch includes the main mansion of 11.192 square feet, plus seven adjacent homes totaling over 27,000 additional square feet, plus a 57 stall equestrian center with separate tack rooms and offices, zoo, car museum, gaming room and much more. 

Wayne Newton Ranch for Sale Las Vegas Nevada

http://las.fusionmls.com/DotNet/Pub/EmailView.aspx?r=1673152808&s=LAS&t=LAS

So gather your friends and family around

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Salestraq, which provides our local database for new home sales and floor plans, also provides some excellent, easily understandable reports on current real estate market trends in Las Vegas. Below is the latest report that was released with the pertinent sales statistics through the end of August 2013. Since then, the market has remained relatively stable and no major changes are anticipated through the end of the year.

Salestraq Report on Recent Market Activity 

Recent Home Sales in Las VegasTHE BOTTOM LINE... The housing market remains a hot topic for those who analyze the Las Vegas economy and are keeping a close eye on its pace of recovery. Nevada has gone from the fastest appreciating housing market in the United States, to the fastest depreciating market in the United

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October is a fabulous month for feasting, feting and frightening! Here are just a few of the great events you can attend around the Las Vegas Valley.

Halloween Parade in Las Vegas Nevada

Cowboy Barbecue of Henderson

Enjoy downtown Henderson's BBQ Cook Off competition and festival. Featuring the best BBQ vendors from across the U.S. Previous notable award winners and locals will gather to sell award winning ribs, chicken, sausage, pulled pork, and other mouth watering dishes.

This family friendly event will also include Live entertainment, souvenir/merchandise vendors, various other food & beverage vendors, carnival rides, midway games and much more.

When: Oct 4-6, 2013
Time: Fri 5pm - 10 pm; Sat 12 pm - 10 pm; Sun 12 pm - 9 pm
Where: Henderson Events Plaza - 200 South Water

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