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Las Vegas real estate market update and home sales figures show single family homes sold median price show a gain for May 2008. The Greater Las Vegas Association of REALTORS or GLVAR reported Las Vegas residential real estate sales raised for a fifth month in a row.

The real estate market in the valley could be stabilizing according to sales data. For more than a year the local housing market has had some very tough challenges with the credit market and real estate valuation.

The Las Vegas mls showed a medium price of a single family home in May 2008 at $236,692 an increase of 0.3 percent from April. Year to date data showed a decline of 21.5 percent.

Continue reading Las Vegas Real Estate Market Update And Las Vegas Homes Sold For May

Las Vegas NV Real Estate

Las Vegas Luxury Real Estate Home Sales For May 20 - 26 2008

$1.6 million, Turnberry Place Las Vegas High Rise, 2,805 square feet, 3 bedrooms, 3 baths, fully furnished condominium, 24-inch travertine flooring, private elevator, city views, plasma televisions, custom lighting and sound.

$1.04 million, Anthem Country Club Luxury Home, 4,302 square feet, 4 bedrooms, 3.5 baths, half-acre, detached guest quarters, guard-gated entry, custom cabinetry, wet bar, pool and spa.

Continue reading Million Dollar Luxury Las Vegas Real Estate Sold From May 27-June 2

Las Vegas NV Real Estate

Las Vegas Luxury Real Estate Home Sales For May 13 - 19 2008

$1 million, Sierra Vista Rancho Las Vegas, 5,415 square feet, 5 bedrooms, 4.5 baths, guard-gated entry Las Vegas luxury home, stone exterior, equestrian estate, travertine flooring and French doors.

$5.1 million, The Ridges in Summerlin, 6,946 square feet, 4 bedrooms, 5.5 baths, disappearing glass walls, custom glass art, four-car garage, pool and spa.

Continue reading Million Dollar Luxury Las Vegas Real Estate Sold From May 20-26 2008

Las Vegas NV Real Estate

Las Vegas Luxury Real Estate Home Sales For May 6 - 12 2008

$1.35 million, MacDonald Highlands Real Estate, 5,037 square feet, 6 bedrooms, 5.5 baths, Strip and golf views from this luxury Henderson home.

$2.9 million, Seven Hills Real Estate, 8,323 square feet, 4 bedrooms, 6.5 baths, wine cellar, bar, theater, city and golf course views.

Continue reading Million Dollar Luxury Las Vegas Real Estate Sold From May 13-19 2008

MGM Mirage Project CityCenter Las Vegas adds an extra $1 billion to the cost of the mixed use development according to a filing. Previous cost of construction budget estimations was near $8.1 to $8.4 billion.

Nationwide skyrocketing construction costs has weighed very heavily on Las Vegas real estate market. This mega resort is owned 50 percent by Dubai World in a buyout they completed last year.

Continue reading MGM Mirage Project CityCenter Las Vegas Adds Extra $1 Billion To Cost

Las Vegas NV Real Estate

Las Vegas Luxury Real Estate Home Sales For April 29 - May 5 2008

$1.48 million, Anthem Country Club Real Estate, 4,706 square feet, 5 bedrooms, 5.5 baths, crown molding, travertine floors, view deck overlooking the Strip, mountain and city views,

$1.1 million, Red Rock Country Club Real Estate, 3,601 square feet, 4 bedrooms, 3.5 baths, gated courtyard with fountain, granite counters, custom pool, spa, four-car garage, Strip and golf views.

Continue reading Million Dollar Luxury Las Vegas Real Estate Sold From May 6-12 2008