Las Vegas, already have seen luxury-home prices fall by 15%-20% [since 2006]… But opportunity continues to present itself in the Las Vegas real estate market! Home prices continue to fall and properties owned by banks and lenders accounted for more than half of the homes sold in April.
Best Place to buy "Yes, Las Vegas has been hit hard by incoming investors, who watched their home values disappear and then left those homes empty. Las Vegas comes in quite high on the national foreclosure list, almost always within the top three metro areas. But there's an upside--a very strong job market. In 2007, Las Vegas experienced a 12 percent increase in population, partly driven by retirees looking for Sunbelt states to move to. Coupled with low prices, we could see inventories reduced here, which would also stabilize prices."
In spite of all economical predictions still about 5000 people a month move to Las Vegas valley. Their major questions, as new comers in Vegas, are places at affordable price and living condition: great neighborhoods with good schools, parks entertainment and yes, some far from the Strip...
Feel free to browse my website: www.lasvegas-buyandsell-realestate.com and have a look at our real estate listings, featured luxury high rise condos, Las Vegas luxury high rise map and learn more about
Las Vegas Neighborhoods.
Las Vegas luxury high rise condos: Manhattan West, Panorama Tower One, SpaLofts, Sky Las Vegas, Newport Lofts, Turnberry Place.
Here below are some of the great choices
Manhattan West - Will have 700 condo units in 12 buildings, including a nine-story tower and four-story buildings similar to Manhattan. The mixed-use development calls for 150,000 square feet of office over 50,000 square foot of retail and underground parking. Apco Construction is general contractor and Denver-based Oz Architecture is the designer.Manhattan West also offers unparalleled buyer protection programs. It's a truly unique community, a rarity in Las Vegas.
Request Information: HERE-
- Sedona Las Vegas - This is a condo conversion, located on Las Vegas Boulevard, just down the street from Mandalay Bay. The community has several pools, spas, racquetball court, tennis court and other resort style amenities.
Sullivan Square - This is a completely green condominium community.
Sullivan Square is a Mixed Use development located at Durango and the 215 beltway. This 16 acre planed development will have 1,300 High/Mid rise residential units, 45,000 square feet of retail and office buildings, and a central park. It has its own unique architectural style, offering a variety of loft and condominium residences.
Request Information: HERE
Sky Las Vegas - Sky Las Vegas includes 409 units ranging from 870 square feet to 5,500 square feet, priced from $500,000 to $5 million. Additionally, Sky Las Vegas is offering Sky penthouse suites as well as premium three-story suites with rooftop garden patios.
Request Information: HERE
Spa Lofts The 70-foot-tall buildings will have four levels of residences, with covered parking below. Prices start at $360 per square foot which seems inexpensive when compared with comparable resort-style condominiums.
Request Information: HERE
We are seeing many banks intentionally pricing under market value in order to invite Buyers to take action... In addition to very aggressive pricing by the banks, interest rates have moved to the down side this week as well. 30-year fixed rates today were between 5.5% and 5.8%.
ELITE REALTY
7448 W.Sahara Ave. #106 · Las Vegas, NV 89117
Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com
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Arina
I would think Las Vegas is a very good buy about now.
Sincerely
Tom Braat