Las Vegas Realtor Steve Harless - RE/MAX EXTREME 702.217.1680: December 2007

These days,so many people ask me what is the hottest commodity in real estate today in Las Vegas? I tell them... homes and condos as close to the Las Vegas Strip as possible.  Las Vegas has over 2 million people now and if history does repeat itself like in Los Angeles, In the not so distant future there will be people that will be driving hour(s) everyday to get to work. Already there are people who live in Pahrump and commute to the strip everyday. Others will be commuting from Arizona as well. The mecca of Las Vegas is still the strip. Ask Phil Ruffin...he paid $165 million for 41 acres in 1998 and just sold  this last August for 1.24 billion for 34.5 acres of the strip property where the New Frontier Hotel was. Conventional thinking will tell you to buy now on or near the strip based on this movement alone. With all the new jobs being created in Las Vegas maybe now is a great time to buy.

Steve Harless - Realty World Luxury Homes - 702.217.1680

Countrywide's shift in emphasis to retail deposits reflects in part its inability to raise funds in the wholesale and commercial paper markets.

The company has been borrowing heavily from the Federal Home Loan Bank system and is offering above-average interest rates on deposit accounts to attract customer funds.

Lately, when my customers say, "Steve...I wanna wait to buy...I know the prices are coming down."  I have this retort:"Yes...Mr & Mrs Homebuyer, it seems that the prices have come down, and might even go down a little further. Who knows, I do not have a crystal ball.  But the price of gasoline is going up...and the price of building material, construction costs, etc... are going up...what do you think will happen to the price of all real estate eventually???" Signs like the one below ARE NOT going to be around. The pendulum of life swings both ways and is starting to come back.

Mr & Mrs Homebuyer: In ANY market, may it  be good or bad...when you find a home that you absolutely love... Take advantage of it! best part is...you get to live in it and enjoy the benefits of home ownership....Then all the speculation goes right out the window.

BE HAPPY!

Steve Harless - ViewLasVegasRealEstate.Com - Realty World Luxury Homes - Las Vegas

There Are Some Great Values In The High Rise Market In Las Vegas! The Palms Is SOLD OUT! However, There Are Investors Looking To Sell At Opening Prices!! Bought Prior To Sky Rocketing Oil Prices - Take Advantage Today!

CALL OUR SALES TEAM FOR MORE INFORMATION ON THIS & OTHER LAS VEGAS HIGH RISE PROPERTIES AT 702-217-1680

CLICK HERE TO EMAIL ME!

Wide Open Floor Plans!

Retail vacancy in the Las Vegas Valley remains low despite a record number of new construction deliveries in 2007. Some 2.7 million sf of new retail development has come online this year, a new high-water mark, and the total will crest 3 million sf by the end of the year, but strong preleasing is keeping vacancy in check.

The retail product type with the highest average vacancy rate, at 4.5%, is neighborhood centers. Power centers come in at the other end of the model with a 1.9% vacancy rate. Power centers also boast the highest average asking lease rate at $2.39 per sf. The average asking rate for neighborhood centers is $2.11 and for community centers it is $1.99.

 This is from one of my members on yahoo Las Vegas Real Estate Group:

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Thanks


John Patchin
Amstar Investments, LLC
www.greaterkchomes.com
816-729-8876