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Million dollar Las Vegas luxury homes reported sales last week:

• $2.7 million, MacDonald Ranch real estate, 6,850 square feet, 5 bedrooms, 6 baths, coffered ceilings, stone columns and wrought-iron chandeliers, frontyard casita, theater and librar.

• $1.1 million, Anthem Country Club real estate, 3,374 square feet, 5 bedrooms, 3 baths, elevated single story with 180-degree view of mountains, city and Strip, 550-square-foot family room highlighting views.

• $1.3 million, Spanish Trail real estate, 4,948 square feet, 5 bedrooms, 4 baths, 30-foot-by-20-foot master bedroom with large balcony, 600-square-foot front room with arched windows.

• $1.1 million, Summerlin Las Vegas real estate, 3,298 square feet, 4 bedrooms, 3 baths, guard gated, shutters, and oversized three-car garage.

• $1.15 million, Northwest Las Vegas real estate, 5,514 square feet, 4 bedrooms, 4 baths, fully finished basement, pebble tech pool, hot tub and waterfall.

• $2.23 million, Red Rock Country Club real estate, 5,320 square feet, 4 bedrooms, 4 baths, separately gated estate, full golf and lit mountain views, hardwood floors, four-car garage, and an oasis backyard.

• $1.99 million, Southeast Las Vegas real estate, 6,184 square feet, 3 bedrooms, 4 baths, three dens, Strip views, 2-acre lot, walkout basement, single story, and horse property.

• $1.23 million, Southern Highlands Las Vegas real estate, 4,364 square feet, 5 bedrooms, 5 baths, wine cellar, four fireplaces, cherrywood cabinets and park-like landscaping.

• $1.41 million, Macdonald Highlands real estate, 3,900 square feet, 5 bedrooms, 4 baths, bamboo and cherry hardwood floors, custom draperies and Hunter Douglas blinds.

• $1.23 million, Southern Highlands real estate in Las Vegas, 4,043 square feet, 4 bedrooms, 4 baths, balcony views, courtyard and guest house with a four-car garage.

• $1.2 million, Southeast Las Vegas real estate, 6,279 square feet, 5 bedrooms, 3 baths, three dens, custom home with six-car garage, one for RV, two balconies with city and mountain views with a circular driveway.

Call 702-505-6988 for VIP luxury Las Vegas home representation by a Las Vegas real estate agent.

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Million Dollar reported luxury homes sales last week for Las Vegas homes.

Las Vegas Home Sales Reach $955.3 Million in May 2006

The Las Vegas Valley’s housing market continued its year-long slide with 2,556 new Las Vegas home sales in May, a 17.4 percent drop from last year’s record pace, reports the Greater Las Vegas Association of Realtors. Median Las Vegas home prices stayed flat at $310,000, same as the month before, but 3.3 percent higher than in 2005.

Las Vegas home listings, however, a strong indicator of the real estate market’s vitality, climbed to 19,132 in May, which is 27 percent more than in 2005. Despite this, there was $955.3 million worth of sales in May. And while it marks a 15.4 percent month-to-month gain, it’s still 12.4 percent less than real estate sales 12 months ago.  Remember that 2005 was a very banner real estate year.

Las Vegas condo/townhomes saw similar slip-and-slide results in May with only 605 new sales, a 19.4 percent drop from 2005. Median condo/townhome prices, however, edged up slightly to $202,000, a 0.5 percent gain from April and 8.6 percent better than last year. There was a total of $131.1 million worth of condo/townhome sales in May. Although it marks an 11.7 percent improvement over the preceding month, Las Vegas real estate sales were still 13.9 percent off from the dollar volume recorded in 2005.

Source: LV Business Press

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Selling, buying or refinancing a piece of Las Vegas Real Estate today? Visit Fine Homes Real Estate for more information and VIP representation by a Las Vegas Luxury Real Estate REALTOR for investment Las Vegas Real Estate, 1031 exchange, condos such as Trump, Turnberry, Allure, Panorama Tower, The Signature, W Residences, RED Rock Residences, commercial, residential and Las Vegas land.

Las Vegas Homes Sales reach $955.3 million in May 2006.

Top 2% of Luxury Real Estate Market Still Selling

Despite growing indications of a cooling housing market, one niche continues to sell briskly, luxury multimillion-dollar luxury Las Vegas homes sales including the Las Vegas luxury real estate market.

Over the past few months in the overall U.S. real-estate market, more homes have crowded the market and sales volumes have fallen. Yet one area of the market appears immune to all that: In many locations, including Las Vegas real estate, homes on the luxury end of the price scale — those costing $3 million and up — have been selling in increasing numbers.

In San Francisco, 18 homes in that range sold in the first quarter, up from 15 in the same period last year, according to real-estate information service DataQuick. In Jackson, Wyo., that number rose to 21 homes from 17, according to Jackson Hole Real Estate and Appraisal. Higher up the scale, 10 homes at $5 million or more in Palm Beach, Fla., sold in the first quarter, up from eight last year, says the county assessor’s office.

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Choosing a Fixed Rate Mortgage Loan For A Las Vegas Home

Fixed rate mortgage loans generally come with one of two options; the 30-Year Fixed and the 15-Year Fixed loans. If a borrower is planning on being in the same Las Vegas home for a long period of time, a 30-Year Fixed may be more attractive because it offers stability. The monthly payment will remain the same over the life of the loan. If interest rates are at historic lows at the time the borrower is seeking to obtain financing, this is a good loan program to consider.

A 15-Year Fixed rate mortgage loan program offers the same stability, but the accelerated amortization schedule makes the monthly payment substantially higher. While the interest rate may be lower on this type of mortgage loan, the borrower must be willing to commit to a higher monthly payment. If the borrower wishes to retire in 15 years and be debt-free at that time, this loan program may be more suitable to the borrower’s long-term Las Vegas real estate loan needs.

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