Las Vegas Condo Blog

Thursday, July 25, 2013

The luxury housing market rebounds: This years most expensive real estate deals in Las Vegas – VEGAS INC

Las Vegas’ housing market is on a hot streak, thanks to cash investors who are buying cheap homes in bulk to rent out.But the valley’s luxury sector also is picking up speed.There were 85 local sales of million-dollar homes during the three months ending March 31, up from 39 deals during the same period last year, according to Redfin, a real estate listing service.If sales continue at that pace, 2013 will be the best year by volume for Southern Nevada’s high-end housing market since the economy bottomed out.

via The luxury housing market rebounds: This years most expensive real estate deals in Las Vegas – VEGAS INC.

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Wednesday, July 24, 2013

Las Vegas home values still posting big increases – VEGAS INC

Las Vegas home prices kept rising last month even though the valley’s inventory shortage, a key reason for the market’s turnaround, showed signs of easing.The median price of a previously owned single-family home sold in Southern Nevada in June was $175,000, up 33 percent from almost $132,000 a year earlier, according to a report out Tuesday from the Greater Las Vegas Association of Realtors.Overall, inventory remains relatively tight. A total of 13,750 single-family homes were up for sale on the GLVAR’s listing service at the end of June, down 19 percent from a year earlier. However, more homes were available for sale without any kind of offer attached to them.By the end of June, 3,828 single-family houses were listed without an offer, up 4 percent from a year earlier. There were 1,464 such condos and townhomes, up 35 percent from a year ago.

via Las Vegas home values still posting big increases – VEGAS INC.

Tuesday, July 23, 2013

Luxury Real Estate Management's Newest Listing at Panorama Towers

Panorama Towers #2-105/ Two Story Townhome Overlooking Pool Area

http://www.mylvcondosales.com/las-vegas-strip-area-condos/panorama-towers-las-vegas/

Two-story townhome overlooking the pool at Panorama Towers. Panorama amenities include 24h guard gate, pool/spa, fitness center and complimentary limo service. Panorama Towers is located just steps from the Las Vegas Strip.