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Greater Las Vegas Association of REALTORS or GLVAR reported the inventory of townhomes, condos, and single family homes for sale in Las Vegas, Nevada real estate in March, for the third straight month increased.

The Las Vegas MLS shows 21,287 in March, homes for sale on the multiple listing service, up 22.4 percent from a year ago and an increase from February. Townhomes and Condos for sale in Las Vegas real estate increased up to 6,000 condos and townhomes or 63.5 percent from last March.

Single family homes sales dropped 36.3 percent to 1,605 homes in March from the same month a year ago. Sales of Las Vegas condos were at 341 units down 47.2 percent.

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Cosmopolitan Las Vegas Resort Casino recently held a traditional sake and Japanese blessing ceremony to mark the placement of the Las Vegas luxury condos first piece of steel. The new $3 billion Las Vegas high rise real estate project at the Strip and northwest corner of Harmon Avenue will use a total of 41,000 tons of structural steel when it is done. Almost 100 luxury condominium officials were present April 9 when a crawler crane lifted a 60,000-pound box, 50-foot-tall girder, into place.

To purify the soil Cosmopolitan Las Vegas high rise project officials placed a pinch of salt at each of the four corners of the beam. A time capsule with engineering drawings in Japanese and English, signed by executives, were placed at the base of the beam.

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Las Vegas Nevada Real Estate

Las Vegas Luxury Homes Sales For April 3 - April 9, 2007

$1.9 million, Seven Hills Real Estate, 5,428 square feet, 4 bedrooms, 6 baths, water features, five fireplaces, large viewing deck, golf, valley and mountain views.

$1.16 million, Spanish Hills Real Estate, 4,642 square feet, 4 bedrooms, 4 baths, exercise room, plantation shutters and two master bedrooms.

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Juhl Las Vegas mixed use real estate downtown development announced that it topped off its mid rise residential building. Juhl Las Vegas is located downtown Las Vegas, Nevada on third street.

The retail and condominium project first topping off milestone has been completed for one of the six buildings. The nine story building concrete roof deck will be poured today according to CityMark Development.

The city of Las Vegas is looking towards Juhl for bringing new vibrance and development to the revitalization of downtown Las Vegas. This topping off is a major milestone of many to come.

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