As of August 28 2009 There are 29 available High Rise condominiums for sale at Sky Las Vegas. This year a total of 15 condominiums at Sky Las Vegas have sold since January 1 2009. Sky Las Vegas is currently the only residential Luxury High Rise Condo development located directly on the world famous Las Vegas strip. There are deals to be found within this development. Some Sky Las Vegas Luxury High Rise condominiums are selling at 50% below the original purchase price.
Check out this video posted on LasVegasOne.com about a NEW Nevada Law to Help Las Vegas Home Owners who are at risk of losing there homes to Foreclosure. I think this is good for Las Vegas Home Owners who can afford to stay in there home, but just need to modify some of there existing terms of there loan. This could also potentially help Home Owners who need to Short-Sale there home here in Las Vegas, but have not had any luck with the process. To Read the full post visit
If you have any questions about the Short-Sales process or would like information recent sales or a market update for your area call me direct (702) 542-1883 or send me an email turnermakea@cox.net
In the most recent activity update for July 2009 by zip code there was over 4,200 sales in July 2009 here in Las Vegas. The zip codes with the most sales in Single Family homes in the month of July 2009 were in North Las Vegas. The zip code of 89031 had 178 sales with an average sales price of $116,000. The zip code of 89032 had 137 sales in the month of July 2009, the average sales price for this zip code was $105,163.
To view the full activity update for July 2009 CLICK HERE. This 8 page report gives detailed information on the activity in the Las Vegas Real Estate Market by zip code for the month of July 2009.
Today I read an article posted on The Las Vegas Sun titled " Single Family Homes Catch Investors Eyes" Las Vegas Investors have been snatching up bargain properties left and right filing there Real Estate portfolio with NEW and resale cash flow properties. Las Vegas Investor purchased properties made up 37.4% of buyers in the Las Vegas Real Estate Market for the month of June 2009. Las Vegas Has not seen numbers like this since June 2004 with 39.4 percent of Investors in the Las Vegas Market and Feb 2006 where investors made up 37.6 percent of Las Vegas Home buyers in one month .
Investors are offering very aggressively on these properties and are out bidding other buyers in the market for Distressed Las Vegas Homes. Many properties are being put under contract within days of hitting the market. In many cases theses homes are getting multiple offers in on them and even selling for more then list price. In my opinion its still a Great time to buy and yes there are still many homes priced at a bargain here Las Vegas. Here are a few tips for any one in the market Distressed Las Vegas Real Estate.
Educate your self on current Las Vegas Real Estate Market conditions
Remember list price does mean that the property will sale for this price always request to see comps before offering on the property and offer accordingly
You are competing with aggressive buyers always put your best foot forward or you may find your self missing out on home after home
Be Aware of unexpected closing cost (call me to find out more)
Remember that having the right representation makes all the difference
To read this full article posted on lasVegasSun.com CLICK HERE For access to the latest Las Vegas Real Estate Market update by zip code CLICK HERE Visit My website CLICK HERE
If you or anyone you know is interested in purchasing a Las Vegas Home for an investment, second home, vacation home or first time home buyer call me for a free list of available properties, questions, comments or a free consultation.
Makea Turner REALTOR with Realty One Group (702) 542-1883
This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors). For the week of July 29, 2009, data is obtained from the Greater Las Vegas Association of Realtors MLS.
Single Family Residence (SFR) Available – 9,007 (-80 , Last Week 9,087 Under Contract – 10,888 (+117 , Last Week 10,771 Days of Supply – 25 (+0 , Last Week 25 Short Sales – 9,275 (+106 , Last Week 9,169
Today I read an article posted on The Las Vegas Sun titled "