Las Vegas Real Estate Blog

Along with this blog, we maintain several other blogs, some concentrating on the condo market as well as other niche markets. If you are looking for the latest Las Vegas Condo News or Las Vegas Homes news, check out either of these new blogs. Read about Ryland homes latest sale or the announcement by CityCenter dropping condos (posted on January 7th).

If you have been following the media coverage of the Las Vegas real estate market, you've may have noticed something strange....positive media coverage. That's right, the media has gotten off the gloom and doom train. For the second straight news cycle, print media as well as some television have been reporting positive news about the market. Two different studies by real estate tracking companies have been released in the last two weeks (one was in the Las Vegas Review Journal earlier this month, other at Forbes.com), stating that sales are up (the local REALTOR association can back that up with hard numbers) and prices are way, way down. Those are definite facts. I can't remember when you could buy a nice new two bedroom townhouse for under $60k. But its not just the entry level of the market seeing huge price drops. One of our clients is closing on a luxury home that listed for just under $1 million last year (and worth every penny). Full of custom features, built-ins, pool, park like landscaping and a huge lot, the property sold for just under $500 and its not a bank owned property. The falling prices are directly tied to the number of bank owned properties on the market. If you're looking for a new home, call us at 702-493-8033. Thanks for stopping by. -cr

If you have visited our website or follow this blog, you know that we are huge animal lovers and are very active in the animal rescue community in Las Vegas. I received an email alert about a contest being held by care2.com. They are giving away 25,000 to the top 29 shelters across the US and Canada with the most votes. So I'm asking for your support for my favorite rescue, Heaven Can Wait Sanctuary. Here is a short list why they deserve to win:

• NO KILL
• All breed rescue
• Free mobile spay/neuter clinic targeting impoverished areas that can't afford vet care
• Free pit bull spay/neuter clinic
• Feral cat clinic - trapping and spay/neuter of the feral cat population
• Pups on Parole program in both women's prisons in Southern Nevada. Inmates learn valuable skills while training foster dogs in basic obedience and house training, so they are more adoptable.
• Many, many more community programs

You can cast your vote here: http://www.care2.com/animalsheltercontest/74514/?refer=7302.12.1231525455.5618

A new year is upon us and things are looking up, especially if you are planning on buying a home in Las Vegas this year and here is the why its a great time to buy in Las Vegas. Last year has been pretty rough on a lot of consumers and businesses as well. Many projects lost funding and were unable to find a new source, resulting in a lot of closures or abandonments of projects around town. One project did beat the odds, the Cosmopolitan. The lender had an affiliate buy up the property and the original contractor is working on its completion. Really its not surprising since the Cosmo is located on the strip next door to the massive CityCenter project.

Speaking of CityCenter, they officially started the hiring process to fill some 12,000 positions when the resort opens. The resort is due to open at the end of this year. -cr

When people think of Nevada, they can't help but think of Las Vegas. If you took a poll of a random group of people, most would probably think Las Vegas is also the state capital (its not, Carson City is). So its no wonder that Laughlin is often overlooked. The community of Laughlin started off as a sleepy little town on the Arizona border by the Colorado river. Over the years the town grew into a prospering city with resorts, gaming and golf.

Unlike the Las Vegas market, the Laughlin real estate market was largely unaffected. A quick look at the MLS (Laughlin is still in Clark County) shows only 21 homes for sale in a city with a population of almost 9,000 residents!

Laughlin has become a destination for many groups and individuals over the years. It is the third most visited resort destination in the state. The popular Laughlin River Run has become a tradition to raise money for charity. Right across the Arizona border is Bullhead City, which shares a communal airport with Laughlin. New Year's celebrations are very popular there, since quite a few revelers will celebrate New Year's next door in Bull Head city and then celebrate it again an hour later in Laughlin.

If you are thinking of getting away for a long weekend or purchasing a retirement home, Laughlin deserves a look. Its only 90 miles away from Las Vegas as well.