Las Vegas Condos Blog Posts

Luxury One Queensridge Place Las Vegas Announces Record Sales for 2012

Las Vegas’ One Queensridge Place is pleased to announce record sales to date for 2012. Since July, the sales and marketing team has successfully sold two additional penthouses, valued at about $3,000,000 each. Including the recent sales, One Queensridge Place has now sold 12 residences and penthouses this year.

One Queensridge Place
One Queensridge Place Las Vegas

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One Queensridge Place Welcomes Randy Char As VP Of Sales & Marketing

One Queensridge Place in Las Vegas is proud to welcome Summerlin resident Randy Char as Senior Vice President, Sales and Marketing.  He will serve as the broker of record for One Queensridge Place and Executive Home Builders (EHB).

Randy Char
Randy Char Senior VP of Sales & Marketing
At One Queensridge Place

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Las Vegas High Rise Condo Filed For Bankruptcy Protection This Week

Streamline Las Vegas TowerLas Vegas high rise condo filed for bankruptcy protection this week.  The 21 story downtown luxury condominium project filed for Chapter 11 bankruptcy protection.

Real estate developer Dusty Allen for Streamline Tower racked up approximately $125 million in construction costs of the 275 unit high rise.  Corus Bank of Chicago financed the downtown development.

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Troubled Mira Villa Condos In Summerlin Expect To Start Sales In June

Pesaro HomesTroubled Mira Villa condos in Summerlin expect to start sales in June.  Three banking institutions have given commitment to complete condominium construction.

Real estate lenders will financially back the project after careful analysis because of it’s offering in the current local real estate landscape.  Prior luxury condo purchasers will have the ability to renew their contracts before the sale of Mira Villa will be open to the general public.

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Liens Against Real Estate Developer Pile Up Halting Condo Progress

Manhattan West CanceledLiens against real estate developer pile up halting condo progress in Las Vegas.  Economic downturn and improper construction has stopped construction on this $350 million ManhattanWest Las Vegas mid rise real estate development.

Problems arose for ManhattanWest last August. During this time the general contractor Camco Pacific replaced Apco Construction.

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Residential Real Estate In Las Vegas Median Prices Record Level Fall

ForeclosuresResidential real estate in Las Vegas, NV prices median home prices decline that haven’t been seen for six years.  Prices were looking good for the end of Dec. 2008, but prices and sales took a dive.

Median Las Vegas home prices fell to a record low in 2003.  The January price was a 8.6 percent decrease from Dec. and year to date huge 36 percent decrease.

The Greater Las Vegas Association of REALTORs or, GLVAR, show a 126.2 percent gain of year to date totals, but fell 11 percent from a month earlier.  Home sales levels topped 2,000 at May and finished the year at the same level.

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