Archive for the 'Las Vegas Real Estate' Category

America's Biggest Open House In Summerlin Real Estate Is March 21-22

Sunday, March 15th, 2009

Americas Biggest Open HouseAmerica’s biggest open house in Summerlin real estate is March 21-22, 2009.  The semi-annual open house showcases several neighborhoods throughout Summerlin with more than 60 model homes available from 10 to 6 pm both Saturday and Sunday.

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Over 100 Percent Increase Of Las Vegas Homes Sold In February 2009

Friday, March 13th, 2009

ForeclosuresOver 108.4 percent increase of Las Vegas homes sold in February 2009 from the same month a year ago according to the multiple listing service data.  Foreclosures and bank owned properties dominate the Las Vegas real estate market, approximately three-fourths of sales, drive median prices downward.  This trend will continue forward of sales due to falling prices.

The amount of single family homes sold during February 2009 was 2,288 units, an increase of 2.9 percent from Jan.  This was a huge increase from last year’s total.  Because of the distressed property domination the median price of residential real estate declined 36.9 percent year to date and came in at $155,603.

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Las Vegas Casino Deal Canceled Today Due To Buyer's Failure To Close

Thursday, March 12th, 2009

Cannery CasinoLas Vegas Casino deal canceled today due to buyer’s failure to close.  Australia’s Crown Ltd. couldn’t close a $1.75 billion deal to purchase Cannery Casino Resorts.

Due to the deal cancellation, Crown paid $50 million termination fee to Cannery Resorts.  Although, Crown wants to continue the purchase of the casinos it will have to go through a several year process with many milestones.  Crown operates casinos in Macau and Australia.

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North Las Vegas Homes For Sale Near Providence Have Buyer Discounts

Wednesday, March 11th, 2009

Las Vegas HomeNorth Las Vegas homes for sale near Providence have buyer discounts.  The new homes by Harmon Homes are adjacent to the master plan of Providence Las Vegas.

12 home sites have a minimum of $10,000 discount and the largest floor plan is $95 per square foot.  The new north Las Vegas homes are priced from $179,000 to $213,000.

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