Las Vegas Housing Market Report – March 26, 2012

Las Vegas Housing Market Report – March 26, 2012

Las Vegas Housing Market Report - March 26, 2012 Las Vegas Housing Market Report reveals prices & market trends of Las Vegas houses – Supply & demand for Vegas houses – Median list prices of Vegas NV homes. Las Vegas Houses  This Week: Las Vegas Housing Market Report - March 26, 2012 shows that the current median list price of homes for sale is $150,000. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices. Supply and Demand: The Las Vegas housing market report indicates that the market for single family residential homes is getting hotter. The homes report indicates that the sales demand is strong while fewer homes are being listed for sale. Meanwhile, the current supply and demand levels are showing no signs of price changes from their current trend. Price Trends: The median Las Vegas housing market prices are continuing their climb again this week. As a result, the asking price per sq.ft. is also increasing.  However, the...
Read More
What would a new Stadium and Entertainment Complex mean to Las Vegas?

What would a new Stadium and Entertainment Complex mean to Las Vegas?

There are talks of UNLV having a Las Vegas stadium built. How would this affect the local jobs market and also the Las Vegas housing market? UNLV president Neal Smatresk recently stated that he has been in talks with Ed Roski and Craig Cavileer about building a domed 40,000-seat stadium and entertainment complex near the campus. There is also talk of making improvements to the Thomas and Mack Center as well. The parties involved have reportedly discussed forming a "public-private partnership." Majestic Realty, one of the world's largest developers is owned by Roski. In 2008 Roski ranked 524th on the Forbes list of the world's billionaires. He currently has an interest in both the Los Angeles Laker's NBA basketball team as well as the LA Kings NHL franchise. His company also helped to build the Staple's Center in L.A. Located in Las Vegas is the Silverton Casino Hotel and Lodge which is owned by Roski and where Caliveer serves as president. At...
Read More
The Silver Lining in the Las Vegas real estate market

The Silver Lining in the Las Vegas real estate market

Many articles in newspapers, magazines, and on the internet are written today concerning the collapse of the Las Vegas real estate market.The local and national television news report daily about the Las Vegas foreclosures and the Las Vegas short sale. Then we hear about the Las Vegas jobs report that is dismal with a current 14% rate of unemployment. Sure. this all sounds and looks rather bleak to so many people. However, there are some people that might not be making a lot of noise and yet are really enjoying the moment. Las Vegas is known as the Silver State because of the mining of this mineral. Now the Las Vegas real estate market has a bit of shining silver glimmering for a certain group of fortunate people. Who are these people you might ask? Why would they want Las Vegas homes? Well, the answer is simple if you think about it. These people have money. People who have a...
Read More
12