The Bottom of the Las Vegas Real Estate Market Has Arrived!

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The moment we have all been waiting for…for the past two years…has finally arrived! You will not hear about this on the national news…yet…because the news sources are always well behind when reporting trends. You will hear it from me: a full time investor and “on the street” veteran agent that is seeing firsthand a dramatic change in the face of Las Vegas real estate. I am here to announce that the bottom of the Las Vegas housing market is here. Let me explain why I believe this to be the case, and why now may be the best time since the great depression to be buying up real estate, especially in the Las Vegas market.

In late 2006 and early 2007 the Las Vegas real estate market hit its all time median price high of around $320,000. Shortly thereafter, the now infamous “credit crunch” began in late summer 2007 and the entire economy, especially the housing industry, has been reeling backwards ever since. Over the last 18 months, the median home price in the Las Vegas valley has dropped an average of $10,000 per month…settling in at around $125,000. Prices have literally plummeted by as much as 75% in some segments of the Las Vegas market. And guess what? The free fall is over. They are not going to go down anymore.

I understand that this is a bold claim. But there are several factors that you must evaluate when trying to determine the bottom of a housing market. I have quoted these factors several times over the last two years, and have always maintained that they did not all line up?until now. The factors are: 1. The inventory of homes listed on the local Multiple Listing Service (MLS). 2. The number of homes being sold in the marketplace. 3. The average median price of homes. Once the inventory stops increasing, the volume begins trending upward and the median price stabilizes…you have found the true bottom of the market.

Looking first at number 1: The inventory of available single family homes in Las Vegas remained relatively stable at about 22,000 homes through much of 2008. This inventory is now at a level of just under 12,000 homes listed on the market ready for sale. Inventory is nearly ½ of its 2008 levels. Homes under $200,000 now have less than 4 months standing inventory. Homes under $100,000 have less than 3 months inventory. A normal healthy inventory is considered a 6 month supply of homes. The inventory of available homes is getting scarily low as realtors are worried about what to sell if they do not get some fresh foreclosure inventory.

Foreclosures reached an all time high in March of 2009 with over 7700 new foreclosures announced in Clark County. A large factor in this number being so high was the moratorium announced by the Obama administration that ended in the first quarter of the year. In contrast, April 2009 totals are showing only 1289 homes were foreclosed on in Clark County. This is the smallest amount of foreclosures for the Las Vegas area in the last 16 months. As foreclosures dry up, this will continue to contribute to the huge decrease in standing inventory that we are now observing.

Moving on to #2: With each passing month since early 2008, sales volume has picked up in Las Vegas. There were over 4000 sales in the Las Vegas market in April of 2009. Because of the lower prices more people can afford to buy…and they are buying. More investors are entering the market as properties have not cash flowed like this in over 10 years, and home prices are now at 1998 levels. It does not take a brain surgeon to figure out that if you have 1300 new listings (new foreclosures), and you sold 4000 homes, your inventory is shrinking dramatically on a monthly basis.

The final factor to consider is median home price. The median home price in Las Vegas has dropped a TOTAL of $10,000 over the last three months…as opposed to $10,000 PER month…which had previously been the steady rate of decline for the last year and a half.

Inventory is getting smaller, prices have dropped to very affordable levels and appear to be leveling off, and sales are getting busier each and every month. The sheer numbers of foreclosures are finally decreasing from their highs also. All of this data helps to paint a clear picture of what is happening in the Las Vegas real estate market. But let me also share with you some non scientific observations that we can add to the equation.

As a full time investor and a licensed realtor I am getting shut out of properties left and right. Most properties both low end (under $150,000) and higher end ($300,000 and up) are receiving multiple offers and are now selling for prices above the list price. I am amazed at the amount of traffic I am coming across when I go out to look at properties. Some homes are getting 15-20 offers in the first couple of days after listing. More than 90% of all my purchases this year have been cash deals and I am still getting rejections in some cases even when we are coming in with full price cash offers.

Well, my friends, the cat is now out of the bag. Everyone now knows that Las Vegas real estate is cheap. Homes are well below replacement costs as the average foreclosed home is selling for around $78 a square foot. I just closed this week on a 2221 square foot home for $117,000 or $52 a square foot. It took nearly a month to negotiate this one down. Homes and condos are 50-75% off their highs and people are buying everything in sight. The good old days are back again. And, for the record, even if I am off slightly in my evaluation and we drop another 10% or so, it is still the best time to be buying real estate in Las Vegas. We have historically low interest rates of around 5%, great government incentives, especially for first time buyers with the $8,000 chameleon-like tax credit, and new lower comparable sales to justify banks accepting your lowball offers.

So if we have hit the bottom…as I suggest…how long will we be here? Will the market spike up or slowly trudge along the bottom until the economy as a whole begins to recover? I will explore those thoughts in more detail in my next article.


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The Real Las Vegas – The Complete Story

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It’s a city that’s larger than life. A city without limits. A glittering mecca of excess and forbidden desires. Discover the fascinating story of this fabled destination and the people who created it. Tour the

incredible casinos of the world-famous strip and even get tips on how to

beat the odds! The lights of Vegas have never burned as brightly as they do in this exciting, authoritative series.

The Real Las Vegas – The Complete Story

Stretch Your Las Vegas Convention Trip Into a Real Vacation

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Spring and Fall are particularly busy times in Las Vegas, as one of the premier business convention destinations in the country. Every hotel and airline serving this desert oasis wants in on the action and there are many travel deals to be found online. The Travel section of the newspaper will often include information on hotel deals and cheap airfare.
Of course, Las Vegas is a reasonable driving distance from maybe 40 million people, so many visitors drive instead of flying. From Southern California you can make the trip in 4-5 hours; some convention participants drive in for an overnight trip, and then back home. Others come for the casinos and shows, with convention and trade show sessions during the days and Las Vegas casino action after hours. The Las Vegas Convention Center is huge and can handle multiple large conventions at once. There are other convention halls in town as well, and they get very busy in the April-May timeframe and again in September-October. The conventions often last 2-4 days.
However, if time permits and you aren’t tied to the blackjack tables, there are a lot of great outdoor destinations that you can add to the trip, making it a real vacation. There really is a misperception among many of the millions of Las Vegas visitors, that the Strip and casinos are the only game in town. In fact it’s a city with pushing 2 million residents and a wide variety of natural wonders and outdoor opportunities within driving distance. Your family could enjoy the pool and other attractions in town, and then you could head out after the trade show is over.
The first natural wonder that comes to mind when you think about Las Vegas is actually the man-made Lake Mead recreational area. The lake was formed by Hoover Dam, both of which are worth a visit and can be reached in less than an hour by car. By the way, many of the travel deals out there offer great pricing on car rentals. Water sports are the theme at the lake of course. You can camp or stay at a nearby hotel. The dam is 726 feet high and offers breathtaking views. There are tours and a Visitor Center.
Red Rock Canyon is another inviting natural wonder that is truly natural. You can take the 13-mile scenic drive, which offers one cool vista after another; bring your camera to all of these places. In this area is the Bonnie Springs western town, with shoot-outs, saloon, historical features and a dose of touristy shops and restaurants. You’d be surprised how many museums there are to be found in the greater Las Vegas area. Art museums, historical museums, nature sanctuaries and the Liberace museum are just a few of the non-gambling entertainment options.
If you have a full day to spend, take the 5-hour round trip north up I-15 to Zion National Park in Utah. This 229- square-mile park includes canyons created by the Virgin River. There are many beautiful waterfalls. The most famous landmark is the Kolob Arch, which stretches 310 feet. It’s the largest natural arch in the world. There is camping, hiking, swimming and tubing. The national parks are among the best travel deals to be found anywhere, with fantastic countryside, fun activities and a minimal entrance fee.
Speaking of national parks, if you can stretch an extra day away from your Las Vegas convention trip, venture further north along I-15 to Bryce Canyon National Park. It also is in Utah. It is probably a 7 to 8 hour round trip from Vegas, so you’ll want to spend a night or two in one of the little towns near the park. This park is a bit more off the beaten path, which can be a good thing to avoid crowds, but you won’t find as many travel deals to Bryce Canyon. The geography in this park is really amazing, characterized by the colorful limestone that has been carved into arches, spires, cliffs and canyons.
Do not think of Las Vegas as merely the gambling capitol of the U.S.A. It truly is a gateway to a wide variety of outdoor vacation opportunities, as well as in-town museums and cultural opportunities. When you do your online research for travel deals, spend some time investigating these great ways to enhance your Las Vegas trip. Turn that trade show into a vacation.


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  • 2 cassette tapes
  • Shipping on this item is on a per item basis even if shipped with others items in the same package. If wishing to purchase many contact seller PRIOR to placing order for possible other shipping options

Product Description
Featured Speaker Claude Diamond – Live in Las Vegas – How to Control Real Estate Without Owning It Through Lease Options – 2 Audio Cassette Tapes – We dont represent the outcome of this product

Featured Speaker Claude Diamond – Live in Las Vegas – How to Control Real Estate Without Owning It Through Lease Options – 2 Audio Cassette Tapes

Las Vegas Real Estate

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There is no place like Las Vegas in the entire world, therefore people from all over the world come here on a daily basis. Vegas is the entertainment capital of the world – there’s no other place like it. Las Vegas is the Entertainment Capital of not only the US, but also the world.

With the long awaited opening of Wynn Las Vegas, Steve Wynn scores once again with a new level of opulence, this may not be the biggest hotel in town, but it’s the only one with a full-service Ferrari and Maserati dealership and it’s own museum and art collection. According to an interview published July 30, 2004 in USA Today Trump’s plans include a 64-story hotel-condominium tower to be built on a portion of the Frontier Hotel property across from the Wynn Las Vegas Resort and next to the Fashion Show Mall. Restaurants – today Las Vegas is recognized as one of the world’s great dining destinations, with a long list of renowned chefs and spectacular restaurants that are renowned for their lavishness, architecture and creativity.

The Ritz-Carlton: elegance and relaxation along the shore of Lake Las Vegas – an upmarket Mediterranean-style resort, featuring luxurious rooms and suites, a spectacular Italian-inspired spa and fitness center, 36 holes of championship golf, beach and lake activities and Italian gardens. The Bellagio: an Italian theme hotel – which brings true European elegance to Las Vegas – with glass ceilings admitting natural light; fresh flowers and trees in the Conservatory; detailed tile work; fine art on display throughout the property; luxurious rooms; fine Italian cuisine’s; and an exquisite shopping center. If you’re going to be exploring the gorgeous hotels and various attractions on the Las Vegas strip – make sure you take high quality, well-fitting running shoes.

When you’re on the Las Vegas strip most of the attractions and hotels are within walking distance so you don’t need to rent a car. If you don’t believe me just grab a seat at the Bellagio or the Venetian in Las Vegas and watch them. One of the many ways that you can find a deal in real estate in Las Vegas is by using your local phone book.

There is a lot of ways to make money with Las Vegas real estate. One mistake that Las Vegas real estate buyers often make is to forgo using the services of a qualified real estate agent. Las Vegas in the state of Nevada remains today ever more than before one of the top real estate investment locations in the United States.

One reason why you want the services of a Las Vegas real estate agent is because he most probably knows more about real estate in Las Vegas than you do. Other services your agent might provide that can benefit you when buying Las Vegas real estate include providing connections with an affordable mortgage lender, experience in foreclosures, repossessions and estate homes, and experience in corporate relocation. Choose a Las Vegas real estate agent that will carefully research each new home to be sure it fits perfectly with what you want.

When choosing which real estate to invest in, in Las Vegas, decide what kind of investment you want to make. With some basic knowledge of Las Vegas real estate suburbs, you should be able to make a more informed decision. With so much to offer and a steady influx of new residents due to the cost of real estate in Las Vegas it is predicted that even with a cooling off of the current market the demand will remain steady for some time.

While many rushed into the market to make fast money the cost of real estate eventually topped out and the slow down of buyers stabilized the market. Most real estate professionals believe that there is still a significant room for growth in the Las Vegas real estate market.

Over the past couple of years the Real Estate Market has taken center stage breaking national sales records in 2003 and 2004 with record appreciation rates as high as 52%. In conclusion, Nevada today ever that before, remains an important investment area for real estate investment in the United States with the ever increasing tourist traffic and convention traffic flooding into the area. If you are looking for commercial real estate to place your investment in, the location may hold all of the cards where your profit is concerned.

Las Vegas is such a dynamic city, it is hard to find real estate that cannot be put to profit-making use. Whatever your financial goals are, buying Las Vegas real estate will probably be profitable to you.

By making intelligent decisions about your Las Vegas real estate, you can assure yourself of economic advancement. Las Vegas has its own crop of real estate agents. The real estate market in Las Vegas has been appreciating at an incredible rate, and will continue to do so in the near future.

Experienced Nevada brokers primarily aim at meeting the demands of customers seeking to invest in real estate. Las Vegas real estate suburbs are also good investments. First, Las Vegas real estate isn’t cheap.

Nevada real estate agencies offer a selection of properties available for purchase and this is helpful to the real estate investors. If Las Vegas is your dream, look for a nice, maybe quiet place to live in so you have the best of both worlds and one does not intrude into the other. If you think Las Vegas might be the place for you, then you should consider contacting some agents.


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Live Roulette: The Advantages of Live Roulette Over a Real Las Vegas Casinos


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The moment the internet went live, the life of the gambler changed forever. The convenience of being able to gamble from your home quickly caught on and making those trips to the casino happened less and less. As time progressed, forum posts and online gaming articles began to question the integrity of the RNG or random number generators and people started heading back to the casinos. Now there is finally a method of online gambling that is just as good, if not better than playing roulette in the casino and it is Live Roulette TV.
If you have not yet heard about Live Roulette TV, it is the latest craze of gambling that literally brings the casino right into your living room. No more generic digital wheels and no more random number generators, just live casino action directly on your television. All you need to do to play is open an account at one of the online sites that allow you to play Live Roulette TV and the tune your television to the channel. A real live host also serves as the dealer and you get to play on a real roulette wheel.
The rules of Live Roulette TV are similar to what you would see in a live casino, but you don’t have to deal with all the hassle. If you live in the UK and are used to going to Las Vegas to play roulette, you really need to look into this option as it presents a lot of advantages compared to making the trip to Las Vegas.
Travel – one of the biggest inconveniences and costs that you incur if you live in the UK and want to play roulette in Las Vegas is the cost to get there. You are more than likely going to spend close to if not more than $1,000 for two people just to walk into the casino. That means you have to win that much just to break even!
Crowds – while you may enjoy the action of the casino, the crowds can often be overwhelming. You may not be able to get a table or you may find the perfect table only to have the most disgusting or annoying person on the face of the earth sit down next to you. Nothing spoils a good trip more than ‘that person’ who just gets under your skin.
Limits – when you are playing in a Las Vegas casino, you are stuck playing the limits they have on available tables. What if they only have $25 tables available and your budget does not allow you to play at that level and your trip ends up being totally wasted. When you play Live Roulette TV, you can play at any limit you desire, any time you want.
Bonuses – There isn’t a casino in the world that will double your bankroll the moment you sign up for a players card, but just about every online casino available will do exactly that when you make your first deposit. If you think you are going to have to sacrifice rewards programs by playing online, you will often find that the online casinos that offer Live Roulette TV will have a much better program available than any live Las Vegas Casino can offer.
These are but a few reasons to enjoy Live Roulette TV over a trip to a Las Vegas Casino. The more you look into it, the better it looks!



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The Best Las Vegas Real Estate Opportunity Today

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The best Las Vegas real estate Opportunity in today’s market is near the Las Vegas strip area. Staying within Las Vegas Valley, close to the center of the city, will likely be a wise move in the coming years. Anything near the strip is ideal for people who love to go out. The South Strip is a great mix of all that Las Vegas has to offer. The South Strip has been also been called the “New Vegas” and is an area of booming development. Buying and holding property long-term may be the wisest investment in Las Vegas in the long term. Las Vegas Real Estate – Location – Location… In today’s Las Vegas real estate market this adage is especially true today. Picking an ideal location is vitally important. ONE Las Vegas is located in the Las Vegas real estate’s South Strip offering luxury extra amenities. It’s designed with elegant simplicity and convenience in mind. Enjoy time with your friends and family in Las Vegas. The pleasures of your Las Vegas condominium lifestyle are many, and you’ll have more time to enjoy your favorite hobbies as well. Las Vegas Real Estate in the Strip Life in your Las Vegas condo, with its panoramic views, elegant design, and a perfect location, is your private Las Vegas getaway. Your Las Vegas property is landscaped with open areas offering diverse social and recreational options for a fabulous Las Vegas experience. A Las Vegas real estate of your own, a place where your neighbors share your joy of living a dynamic condominium lifestyle, just like you. Owning your own Las Vegas real estate property is ideal for year-round living, a weekend getaway spot for you and your friends, a vacation home, or your future retirement condo in Las Vegas. It’s an opportunity for you to fulfill your Las Vegas real estate dreams. At One-Lasvegas you have access to shuttle and concierge services; you enjoy all the benefits of a downtown Las Vegas condo without all of the commuting and traffic congestion. Own a Las Vegas real estate property with ONE Las Vegas and discover the exciting lifestyle that awaits you on the South Strip of Las Vegas, Nevada.


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Product Description
This digital document is an article from Mortgage Banking, published by Thomson Gale on September 1, 2005. The length of the article is 3360 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: A good bet? Residential real estate in Las Vegas is on fire. Residents and investors alike see real estate as the smartest bet in town. But can the trend last–or is Vegas one of those bubbles everyone is talking about?(INDUSTRY TRENDS)
Author: Louise L. Schiavone
Publication: Mortgage Banking (Magazine/Journal)
Date: September 1, 2005
Publisher: Thomson Gale
Volume: 65 Issue: 12 Page: 56(5)

Distributed by Thomson Gale

A good bet? Residential real estate in Las Vegas is on fire. Residents and investors alike see real estate as the smartest bet in town. But can the trend … TRENDS): An article from: Mortgage Banking

Win Big With Las Vegas Real Estate Opportunities


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Whether you’re interested in calling Las Vegas home or you just want some investment property, this big little city in the desert is worth checking into. Las Vegas property listings include everything you’d expect, from single-family homes and condos to commercial properties and casino locations.

The draws for Las Vegas are notable and known in many circles. From the beautiful desert vistas to the action-packed strip, this is a city that never sleeps. It’s considered one of the biggest tourist destinations in the United States for a number of reasons. They include:

Gambling: With casino action going on 24/7, this is the city to visit if high-stakes, or even low stakes, gambling is desired. From small, privately owned casinos to the big ones on the strip – the Mirage, Sahara and MGM Grand – this city has everything from card games and slots to craps tables and roulette. While this is the single biggest tourist draw to Las Vegas, there are plenty more.

Cultural attractions: Las Vegas may be known as the home of Lady Luck, but many other players call it home, too. The city boasts a number of museums and galleries. There’s live entertainment here that cannot be rivaled anywhere else in the world. The casinos themselves play host to some of the biggest acts in the world.

Outdoors: The great outdoors is a huge calling in Las Vegas. With miles and miles of beautiful desert landscapes to explore, those who visit this city will not find themselves shorted on things to do outside the casinos and those who live there know this is true. Hiking, biking and more are all available to those who live or visit Las Vegas.

Dining: The city is home to some of the world’s best dining. With literally hundreds of restaurants offering every cuisine type imaginable, going hungry in Vegas is hard to do.

History: Las Vegas and its immediate surroundings are known for their deep historical roots. From Native American history to the history of the Wild West, this area is rich in historical cultural offerings.

Living in Las Vegas offers homeowners the best of all worlds. The city’s offerings for homes range from simple single-family residences to upscale mansions and condos to fit just about every budget. Homes here can range in price from a modest $100,000 to more than $10 million. It all depends on the kinds of listings a person is looking for.

Commercial property in Vegas is what anyone would expect with the casinos thrown in. Business opportunities abound for investors and residents who simply want to make a living serving the people who not only call Vegas home, but also those who visit the Strip.

There are a number of places to go to check out Las Vegas real estate listings. When you do, it’s a good idea to have a price and a location in mind. Know what you’re looking for size wise and shop around. This city offers some great deals on property, but it pays to do your homework first. Offering something for just about every price range, Las Vegas is more than a place to come and gamble, it’s a city many proudly call home.



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Las Vegas Foreclosure – Get the Best Real Estate Deals

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The real estate market has been known to be the best kind of investment someone can make, especially when compared to other forms of investments which are highly risky, such as currency exchange and stock trading Real estate investments have historically delivered a much better return than any other form of investment and there are some great deals in the Las Vegas foreclosure market right now for investors and or home buyers!

Las Vegas House Market

The US economy is either in a recession at this moment in time or very close to one – this downturn in the economy driven partially by a flood of bad mortgage loans is ensuring that that are a large number of homes available for purchase via foreclosures. The Las Vegas house market has seen significant increases in value for the last 6-8 years, driven in part by the significant growth the Las Vegas metropolitan area has experienced. This growth in the Las Vegas house market has been driven by a number of factors including Las Vegas’ allure as one of the top getaway destinations for shopping and tourism in the world and the emergence of the greater Las Vegas area as a great place for families, retirees and 20 and 30 something singles.

Las Vegas Foreclosure

There are many reasons for a property to go on foreclosure but when it does an investor has a great opportunity to get a Las Vegas home at a significant discount. Due to the financial crunch banks have opted to accept “discounted payoffs” in order to recover some of their loses and not close the books with such huge revenue discrepancies.

Just like all of us, banks rely on cash flow to keep their operations running, so a piece of property which is placed on the “current” market at a high price will most likely not sell due to the fact that no one is willing to pay such a high price, so they have no other option but to discount it until they find an equilibrium price according to current market conditions.

Las Vegas is known to be a real estate powerhouse – the city is growing at a tremendous rate and this growth rate is not projected to continue into the foreseeable future due to lifestyle opportunities and the ongoing job growth. The rate at which this city is growing is incredible, so the more the downtown expands the higher the value of nearby houses will be, this is not a speculation, it is a fact.

Currently, interest rates have been brought down to an all-time-low, from the high 7-10% interest rates to below 5%, which will accelerate the purchase of homes in the Las Vegas region moving forward. Meaning, there are great Las Vegas foreclosure deals available now, but as the housing inventory is reduced the deals will also diminish. So, the time to purchase a Las Vegas house could not be better, especially if you factor in the demand for rental property fueled by the continued growth of the Las Vegas real estate market.

Savvy investors know that during this time of financial need, banks are practically giving these properties away in order to get their cash flow going and keep their balance sheets from scaring stock holders Many banks will even provide no payments for up to 6 months, just so that the property can be sold – this is not a promotional/sales speech, these are the facts and because bad loans (no doc, etc) have been removed, investors know that the new “stated” loan requirements will take their interest rate related risks away. This is a great time for a homeowner or investor to purchase a Las Vegas foreclosure – there are great deals that can be made but these won’t last forever!


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