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).
The Modern Las Vegas loft condominiums completion was announced recently by BondRok Partners. With 83 mid-rise lofts ranging from 1,234 to 2,723 square feet, this new community presents a simple, clean style and a wealth of amenities including a resort-style pool and sun deck, two-story fitness center, three open courtyards, and an on-site concierge.
Las Vegas home sales skyrocket in real estate market for 13 months in a row. The Greater Las Vegas Association of REALTORS reported prices continued to decline in April and is leading the US in home sales.
Homes listed for sale in the multiple listing service has continued to decline in April to 22,112. A 3.6 percent fall from a year ago of 24,000 units. Inventory also declined due to the moratorium the Fed placed on real estate from November 2008 to March 2009.
Foreclosures in Las Vegas have affected home sale prices dramatically. Sale prices have fallen to levels only seen eight years ago due to two thirds of homes due to foreclosures.
Nearly the past 12 months rising home sales due to a multiple listing service median existing home price of $134,900 in March. The median price same month in 2008 has fallen 41.3 percent.
Record closings of totaled 3,626 homes or an increase of 85.6 percent. The median price of bank owned home closings during March was even lower at $127,000.
Over 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.
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.