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Las Vegas real estate market broke just about every available record in the first quarter of 2006. March continued the record trends found in January and February of this year.

Brief Las Vegas Home Sales Overview:

Las Vegas new home sales are a fast paced 19.3% ahead of last year’s first quarter. March was the fifth highest new Las Vegas home sales month in history. Last year’s record could be broken by the new Las Vegas home sales totals.

Existing Las Vegas home sales are just about 1% ahead of last year. March figures are down slightly in total from last year. Resales in 2005 were just 2.2% under the record set in 2004. Las Vegas could still see a record in resales this year.

Forbes magazine said resale prices of Las Vegas home sales would drop by 8.5% this year. Currently, Las Vegas home sales are at a record $284,900. A 8.3% increase over last March for Las Vegas real estate.

New home prices are at an all-time record high of $320,379. That is 12.5% ahead of last March Las Vegas home sales figures. March figures include 629 conversion sales, too. (more…)

Streamline Tower Las Vegas High Rise Viability

With the uncertainty of some luxury condo projects in Las Vegas Real Estate, it is hard to identify which projects are “real”. Click Streamline Tower Las Vegas virtural condos now! Here are four vital indicators to help determine a project’s viability.

Q: Does the project have a building permit?
Q: Has the project locked in construction pricing and the construction company?
Q: Is site work or construction in progress?
Q: How strong is the developer’s experience & reputation?

Streamline Tower real estate and Las Vegas luxury meets all of these criteria.
- Paying close to $1 million dollars, Streamline Tower Las Vegas pulled its building permit in January, 2006.
- Working along side Las Vegas, Martin-Harris as its general contractor, Streamline Tower Las Vegas has locked in construction prices and is finalizing the utility relocation phase of construction. (more…)