CA and NV - Real Estate Blog by Olivia McClellan, Agent

Another development breaks ground in Las Vegas.

Sullivan Square, a new mixed-use community in the southwest valley, is prepared to move forard and had it's groundbreaking ceremony yesterday.

Construction will begin with a 20-foot excavation for the underground parking area and laying of utilities.

This is one of the hottest mid-rise project in Las Vegas .

For more info or to tour the property please contact us.

McClellan Team, Liberty Realty
2920 S. Durango Dr.
Las Vegas, NV 89117
efax 702-543-4845
www.oliviasellsvegas.com

Olivia McClellan, ABR, GRI, RRG
Liberty Realty, Broker/Salesperson, REALTOR®
Direct 702-372-2671
olivia@oliviasellsvegas.com

Jason D. McClellan, REALTOR®
Liberty Realty, Salesperson
Direct 702-218-3302
info@oliviasellsvegas.com

I recently attended the Women's Wealth Conference in Newport Beach CA. There were many talented speakers on hand including one of my favorites, Terry Watson . I thought I would pass along a few of the books that were recommended:
Here they are:

• The Money Book for the Young, Fabulous & Broke


• The Hypnotic Salesman


• The Secret


• The Toyota Way


• Lean Thinking : Banish Waste and Create Wealth in Your Corporation, Revised and


• Generation Me: Why Today's Young Americans Are More Confident, Assertive, Entitled--and More Miserable Than Ever Before


• The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It


• The Richest Man in Babylon


• The Greatest Salesman in the World


• Think and Grow Rich: The Landmark Bestseller--Now Revised and Updated for the 21st Century


• As a Man Thinketh


• The Google Story: Inside the Hottest Business, Media, and Technology Success of Our Time


• Focus Like a Laser Beam: 10 Ways to Do What Matters Most


• The Millionaire Next Door


• Cashflow Quadrant: Rich Dad's Guide to Financial Freedom


• Blink: The Power of Thinking Without Thinking


• Who Moved My Cheese? An Amazing Way to Deal with Change in Your Work and in Your Life


• The Tipping Point: How Little Things Can Make a Big Difference


• The Wisdom of Crowds


• 96 Great Interview Questions to Ask Before You Hire


• High-Impact Interview Questions: 701 Behavior-based Questions to Find the Right Person for Every Job


• The Millionaire Real Estate Investor


• The Real Estate Entrepreneur


• Shortcut to a Miracle: How to Change Your Consciousness and Transform Your Life
  
• Ask It Is Given


• The Fred Factor
  
• 9 Steps to Financial Freedom: Practical and Spiritual Steps So You Can Stop
  Worrying; Revised and Updated Version
  
• The Courage to be Rich: Creating a Life of Material and Spiritual Abundance
  
• Women & Money: Owning the Power to Control Your Destiny
  
• Great Boom Ahead: Your Guide to Personal & Business Profit in the New Era of Prosperity


• The Roaring 2000s: Building The Wealth And Lifestyle You Desire In The Greatest Boom In History


• Rich Dad, Poor Dad (Rich Dad)


• The Millionaire Real Estate Investor

The fact that developers are building lofts in Las Vegas is great for locals who want a very untraditional home to live in. Pink Stucco houses with a 2 car garage and postage stamp of a backyard are a dime a dozen but a true loft with soaring ceilings and wide open spaces allows of True Living Space, IMHO.

The guys over at Urban Lofts are starting phase two of 11th Street Lofts a hybrid project - part loft, part townhouse but definitely hip and trendy. The only downside the project is being built east of Fremont street experience. The downtown revitalization is in progress but we won't see it spreading east for a while.

Urban Lofts 2nd project Fremont Street lofts is set to break ground shortly in the same area.

If you want an affordable, very hip loft/townhouse we would be glad to tour you on this property and other loft properties in Vegas. For more info go to www.nvlofts.com and find out why Olivia is your loft specialist in Las Vegas.

Thanks

Jason

Standhi will be the tallest building in downtown Las Vegas hosting over 425 luxury condominums adding to the selection of new downtown projects.

This is the lastest offering from Sam Cherry Development one of the top developers in Las Vegas. He has built Soho Lofts and is currenting finishing Newport Lofts. Standhi marks his 3rd offering in Las Vegas since the boom. Other developers are still working on the 1st completion.

To find out more information about this project please call me.

Thanks

Olivia

What is the state of the housing market in Las Vegas?

Buyers are having great time bargain hunting and finding deals on new homes. Resale’s - hit and miss based on sellers willingness to negotiate their price, many of whom are reluctant to lower prices because they are under water. Some because they refinanced and pulled cash out and with the slow down they have lost value and now owe more than the home is worth. Others of course went the route of negative amortization loans thinking they could flip or refi at a lower rate when the time came only to find, the time came and the rates went up and values down.

Many sellers are frozen and unwilling to listen to market data or their REALTORS®. The bottom line is if a seller NEEDS to sell - they may need to make concessions to sell the property. This is what developers are doing by offering huge buyer incentives like closing costs, upgrades, and back yard landscaping. Developers are also offering large realtor co-ops so re sale homes are competing against this factor as well.

Many sellers are testing the market and are not serious about selling unless it is at asking price AND on their terms even when the recent sales indicate a buyer could buy twice the home for half the cost elsewhere.

There is a collision either way with Buyers writing offers 20% or 30% under the asking price and Sellers listing their property over market comparisons adding in 2004 unrealized appreciation.

All of this contributed to an almost all time record of resale’s on the market in May, with over 23,000 homes listed for sale and a 2.8% decrease in the median home price from a year ago down to $301,352. And with only 1568 recorded sales in the month of May, sales are down 38.7%.

It's not pretty, Nevada leads the nation in foreclosures and nearly half the resales on the market are sitting vacant. I see out of state investors unwilling or unable to pay a property manager and unable to handle renting or maintenance and turnover long distance, so the property remains unrented and vacant. In the long run, this vacancy costs more, but many investors jumped into the hot real estate market with little to no experience and high hopes of making big bucks. Many did so without the assistance of a professional realtor and the foreclosures and short sales we are seeing is a result of that.

On the up side, in a buyers market like we have today, there are some great opportunities for an investor to buy low. Sitting down with a realtor to be educated about the market and discuss your long term investment goals can make all the difference in the right purchase. There hasn't been a better time to buy in the past 30 years, and despite the foreclosure rate there are still 100% loan programs and even some down payment assistance programs for owner occupied homes.

Call me today to get info on breaking deals.

Olivia McClellan, ABR, GRI, RRG
Liberty Realty
702-372-2671

Many of the new high rise condos have been closing units allowing occupants to move in. The other units are closing are investors leaving them vacant and put up for lease.

Investors that purchased out of state may inquire about leasing their units at www.thehighrisereport.com . Units can be furnished to compete for corporate rentals or staged with rental furniture when put on the resale market.

For more information please inquire at www.thehighrisereport.com

As reported in the Review Journal on May 30th, Spanish View Towers has come under fire and lawsuit from Buyers who were unable to recover deposits make on luxury units.

The project is over 18 months overdue leaving the towers sitting dormat for months. The project lost its financing and has been unable to get the project back on track.

There are other allegations regarding Jeannie Cutter from Prudental Americana.

More to come as it the news breaks

Olivia McClellan
Liberty Realty

Presido Heights in Las Vegas is under construction. This development features old fashion Brownstones and is located in one of the fastest growing areas of Las Vegas. Prices start in the $500's.

If you are interested in this development and want more info please call me at 702-372-2671

Thanks

Olivia

Olivia McClellan, ABR, GRI, RRG
Liberty Realty

Paxton Walk is located in Northwest Las Vegas which is rapidly becoming a true destination, a place where residents from other parts of the valley will soon travel to work, shop, conduct business, or enjoy an evening out, a great many people have shown an interest in having those activities available closer to home. At Paxton Walk, residents will be right in the middle of the action in one of the valley's most affluent areas.

Townhomes at Paxton Walk is a series of 65 townhomes along Slade Avenue. They are 1,678 and 1,698 square feet. One floor plan has three bedrooms, while the other has two bedrooms and a loft. Both designs have private courtyards and two-car garages.

Courtyards at Paxton Walk offers 374 flats or two-level condominiums in four-story buildings surrounding a secure garage that offers at-level parking and direct entry to each home. Nine floor plans range from 726 to 1,532 square feet.

Paxton Square Town Center is the heart of the mixed-use development. The first story includes 46,000 square feet for retail space, including two 7,000 square-foot areas designed for restaurants. The second story contains 50,000 square feet of office space. There are 72 one-level and loft homes on the third and fourth floors, which overlook a 27,000-square-foot courtyard for pathways, seating, and outdoor dining.

Gardens at Paxton Walk feature 271 single- and two-story condominiums in four-story buildings, surrounding a secure garage.

Several amenities will be available to residents only, including multiple swimming pools, spas and fitness centers. The 9,000-square-foot clubhouse at the center of the development includes a two-story great room, movie theater, billiards room, library and business center.
Prices range from the $200,000s to the $500,000s.

For more info please call me at 702-372-2671

Olivia
Liberty Realty

Boca Raton one of the latest mid rises to be built on the south strip is nearing completion. This is a very cool development with many diffrent style units, sand beach and the property is being built in a figure 8.

There are units still available so if you want more information on this promising development.

Call me at 702-372-2671

Olivia
Liberty Realty

The W Las Vegas mixed-use project slated for almost 50 acres along Harmon Avenue was canceled Friday after minority partner Starwood Hotels and Resorts Worldwide pulled out of the project.

This was proposed to be one of the hottest propertis inside Harmon Corridor. The W Hotel which has other projects in construction phase or completed had earmarked the Las Vegas property as their "Flagship."

According to The Edge Group, the land will go up for sale.

Stay tuned as the high rise market continues to reshape making developments that are in progress of being built or completed more valuable.

Thanks for stopping by

Olivia McClellan
Liberty Realty

A gem nestled amonst some older homes is a new community called 22 Parkside. It is actually a sister property of Stone Canyon Lofts.

If you havent seen some of the new single family loft homes at Stone Canyon Lofts you are missing out. They are very untraditional but very cool equipped with roof top decks and floor to ceiling windows.

This may not appeal to everyone but to me it is pretty awesome. Loft living allows tons of light and open spaces.

If you would like to visit this property or possible check for resales at Stone Canyon please do not hesitate to call me at 702-372-2671

Thanks for stopping by

Olivia McClellan
Liberty Realty

Donald Trump announced on NBC's The Apprentice that he is moving forward with tower 2 in Las Vegas. Within days they have taken 400 reservations..

MGM Mirage, which is currently building the massive $7 billion Project CityCenter on 66 acres on the south Strip, has assembled the acreage to construct a similar and potentially larger development on the Strip's northern end.

The Las Vegas-based casino operator will announce this morning it has finalized two Strip land acquisition deals worth a combined $575 million that will give the company more than 100 contiguous acres for development stretching north from Circus Circus Drive to Sahara Avenue.

Another massive project that according to the article in the Review Journal should start before City Center I is completed.

Stay tuned.

Olivia

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

The casino company run by billionaire Sheldon Adelson said Tuesday it expects about $1 billion in net proceeds from the sale of luxury condominium units under construction at its Palazzo property on the Las Vegas Strip.

The Palazzo hotel will be a 50-floor luxury tower with approximately 3,025 luxury suites. The hotel lobby will feature a 60-foot glass dome, multiple two story fountains, imported marble, bronze case columns and special custom wall finishes. Guests arriving from the street will enter the domed entry lobby while those approaching from the Venetian Casino Resort will make the transition through a towering octagonal structure, itself topped by a glass and decorative iron dome. The floors throughout will complement the spaces with numerous interlocking patterns of polished veined marbles and colorful inlay strips. The landscape will be made up of palm trees, tailored paintings and exotically shaped topiaries.

This development is located in the heart of the strip amist some of the most valuable property in Las Vegas.

Call me for details.

The Waldorf Astoria Residences, the first purely residental property selected by the Hilton Family of Hotel to bear the legendary hotels name will be the address to only one hundred and sixteen of the discerning and privilaged few.

There are 792 Conrad Suites also located on the lower floors. Originally, called the Majestic there was considerable interests but then the project was put on hold.

The Waldorf - Astoria will be located one block from convention center putting it directly in the middle of Las Vegas.

Please call me if you are interested in Las Vegas High Rise Real Estate.

Olivia

Olivia McClellan, REALTOR®, ABR, CRS, GRI, RRG
Broker/Owner,
Triple8 Associates Inc
5940 S. Rainbow Blvd. Ste 1007
Las Vegas, NV 89118
Direct 702-372-2671
Fax: 702-543-4845
Olivia@Triple8Associates.com
Visit me online at http://www.triple8associates.com/

Construction has commenced in downtown Las Vegas on the $70 million Lou Ruvo Brain Institute, designed by world renowned architect Frank Gehry. The Institute,which is just a few blocks from downtown, comprises approximately 67,000 square feet and is Gehry’s first building in Las Vegas.

Headed by Dr. Zaven Khachaturian, PhD, and supported by internationally acclaimed researchers, the Institute will lead the fight against neurodegenerative diseases, including Alzheimer’s.

The project is funded by Las Vegas-based Keep Memory Alive Foundation, a non-profit organization dedicated to brain disease research, founded by Larry Ruvo, Nevada's senior managing director of Southern Wine & Spirits. The building is named after Ruvo's father, who died of Alzheimer's.

The Institute is scheduled to open in late 2008.

Club Renaissance bought out of foreclosure for $3.5 million as reported on March 23 on the ReviewJournal.com Website.

This project has been twisting in the wind for a while with rumors floating the plans to potential investors around the valley. It's time has come to make way for a development that might actually get built downtown.

According to the article, financing was its biggest problem. More to come on the genesis of the Renaissance.

2 bedroom 2 bath unit at Boca Park, Park1 Listed at $189,000

The unit has new carpet, new laminate flooring, all appliances, kitchen cabinet recently painted, crown moulding.

The unit has a tenant installed in a one year lease ending April 2008.

Great location priced to sell.

Call for information.

Olivia McClellan
Broker, Salesperson, REALTOR
Liberty Realty
702-372-2671

According to the Review Journal The Verge formally Aquintina Lofts was slated to be a Senior Housing Complex but due to escalating contruction costs had to be tabled in lieu of a more profitable venture.

The Verge is currently taking reservations for units starting at $141k.

This project is unique due to is location on Main and Bonanza.

If you would like more information, floor plans or unit pricing please call me at 702-372-2671.

Olivia McClellan
Broker, Salesperson, REALTOR
Liberty Realty
702-372-2671

Breaking High Rise News

According to Review Journal on March 21, 2007 Las Vegas Central is seeking to restructure is finances via Chapter 11 instead of giving up on the project.

They are currently seeking a partner on this Las Vegas project.

More to come as it develops.

Olivia McClellan
Liberty Realty

The Verge will soon enter the market in downtown Las Vegas. If you would like more info on this new product please feel free to contact me. I am attending the grand opening event for Brokers to secure units for my clients at entry level pricing. These units will be starting at around 140k.


Thanks

Olivia McClellan,
Liberty Realty
702-372-2671

Check out updated info on Spa Lofts by The Light Group on my business lens at Squidoo.com.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

A 2.7-acre parcel on the northeast corner of Main Street and Bonanza Road has been renamed The Verge a proposed commercial and residential mixed-use project.

The project is slated to have 296 units in eight stories with two levels of underground parking. The first floor would have 35,000 square feet of retail space.

Lofts range from 825 square feet for one-bedroom units to 1,600 square feet for three bedrooms, selling from the low $200,000s. Dennis Rusk is the architect.

For more infomation about The Verge call me at 702-372-2671.

Olivia

Olivia McClellan, ABR, GRI, RRG
Liberty Realty, REALTOR®
7674 W. Lake Mead Blvd. Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

Project City Center released info on the massive 76 acre project located on the World Famous Las Vegas Strip.

The City Center Sales Center located in Belliago has been open for a while but was not releasing any information to the public or REALTORS.

Over the weekend, the Review Journal released more info on Project City Center:

- The Residences at Mandarin Oriental, Las Vegas
- The Harmon Hotel and Residences, Las Vegas
- Veer Towers

Each one is unique and is packed with amenties that will amaze you.

Please call me ASAP to reserve a unit in presales phase. This project started taking reservations on Nov 17th so don't miss out. If you would like more info please call.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

As reported in the Review Journal, the Majestic Resort is back on!

Their Website has been revamped and is showcasing the all new Waldorf Astoria Residences in Las Vegas...

For more please call me at 702-372-2671

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

According to the Review Journal, the Sands is seeking permission to build a 632-foot tower that would allow for 849 condominiums.

This new residental tower would have 370 "ultra-luxury" units and the building would be at least "50 stories."

The placement of the development would be key to the area.

More to come

Olivia

10/20/06 Urban Village by Centex Closes it's Doors A project that was delayed for years, then marketed by the blue tipping group before being passed off to Centex to bring to market. Centax officially announced it's demise when it closed it's sales office.

For details about Urban Village or to find properties in Las Vegas contact me.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
www.oliviasellsvegas.com
olivia@oliviasellsvegas.com

There are resales at Platinum Condos located off the World Famous Las Vegas Strip. Contact me today for a current price list concerning Platinum Condos or any other Condo Development in Las Vegas Olivia McClellan, ABR, GRI, RRG Broker/Salesperson, REALTOR® Liberty Realty 7674 W Lake Mead Blvd, Ste 150 Las Vegas, NV 89128 Direct: 702-372-2671 Fax: 702-543-4845 http://olivia@oliviasellsvegas.com olivia@oliviasellsvegas.com

Create Your Own!

On Friday, October 6th 2006 GLVAR held their monthly luncheon where the President Linda Rheinberger presented GRI graduates with their official certification.

Olivia McClellan received her certification as well as other local REALTORS.

Education is key to success.

More to come.

Admin

Housings trends follow a cycle and home prices tend to drop at the end of summer for multiple reasons.

First, there are the homes that were over-priced all summer and are still on the market. The owners become motivated sell after holding out all summer for the price they want to sell their home for and after making an additional 3 to 5 mortgage payments finally give in and lower the price.

This will force a community with multiple properties on the market to start a downward trend as one by one, each listing tries to undercuts the next to be the lowest on the market until the home sells. Often Sellers feel they are losing money by lowering the price when in fact if the home did not sell, the price profit the Seller envisioned was never a real number and the Seller has only lost time and money by paying additional mortgage payments.

Market value is only is often misunderstood and thought to be what your home appraised at or your neighbors home sold at. In fact the definition of market value is what one is willing to pay.

Secondly, there tend be less movement within a community after summer. Once children start school families tend to try and wait to move if possible so as not to disrupt the school. The same applies as we enter the fall months and holiday decorations appear in the store before Halloween. If given an option, many people will delay a move until after the holidays to account for family visits, travel, etc. This often means fewer homes go on the market during these months after the summer so historically inventory is reduced but it also means fewer buyers are in the market. For homes that have been on the market all summer, this impact the pricing and again we are likely to see a downward trend with buyer incentives.

If you are relocating or an investor the time to buy is now. Interest rates remaining relatively low and seller are finally after 5 years of a historically high sellers market, it is a buyers market. For those of you that think the rates have increased and are high it's important to pit this into perspective, not that long ago (1998, 1999) we we're all refinancing to get a 8% rate which at the time was a great deal.

Today with rates still in the low 6% to mid 7% it's an ideal time to pick up properties at reduced prices.

The fundamentals of the Las Vegas market remain strong. I can show you why.

Let's take a look at the market and zero in on what you are looking for and go get a great deal.

Call me for more info

Thanks

Olivia

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

MLS# 641792

3 Bedroom 2.75 bath Condo with garage on a 7956 ft lot

Very well cared for home on large private lot with covered patio, out door gazebo and spa. Great living space with formal living room and separate family room and 3 large bedrooms. Ceiling fans, water sftener, and satellite dish already installed. Priced to sell, compare comps and sq. footage.

Listed at $364,990

The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the Greater Las Vegas Association or REALTORS® MLS. Real Estate listings held by Brokerage firms other than this site owner are marked with the IDX logo.

GLVAR deems this information reliable but not guaranteed.Copyright © 2006 of the Greater Las Vegas Association of REALTORS® MLS. All rights Reserved.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

Our Current Listings:
Below are current listings from REALTORS in Las Vegas, Nevada.

Home:

599088 - 5620 Benevento Ct, Las Vegas NV 89130
603834 - Pending - 5575 Villa Lucia, Las Vegas, NV 89134
593407 - 8301 Boseck Drive, Las Vegas NV, 89145
621049 - 5042 Ridge Drive, Las Vegas, NV 89103
617726 - 8921 Rio Verde Ave, Las Vegas, NV 89147
631537 - 8713 Glistening Pond St., Las Vegas NV 89131

Condos:

599089 - 8600 West Charleston Ave, Las Vegas, NV 89117
587101 - 10233 King Henry, Las Vegas, NV 89144
614617 - 10550 West Alexander Rd. , Las Vegas, NV 89129

9/7/06 Red Rock Residences Tables ProjectScott Nielson, Chief Development Officer said, "they are looking into various alternatives for the five acre parcel". He also noted that the condos still may be built.

This project has great potential for residental living based on its Summerlin location, views of the Las Vegas Strip and Red Rock Mountains.

If you haven't been to the new Red Rock Casino, Stations Casino, you have to stop by and check it out. The exterior design is incredible and interior is warm and inviting. They have spent millions creating a Casino/Resort that locals would go for dining, entertainment and just to relax.

Red Rock has a brand new custom spa with amenties galore as well as some of the best restaurants and night club in Vegas.

Our Current Listings as of 8-23-06:
Below are current listings from REALTORS in Las Vegas, Nevada.

Las Vegas Homes:

639579 - 5620 Benevento Ct, Las Vegas NV 89130 Located in Foothills at Southern Highlands
603834 - 5575 Villa Lucia, Las Vegas, NV 89134 - Pending
593407 - 8301 Boseck Drive, Las Vegas NV, 89145
621049 - 5042 Ridge Drive, Las Vegas, NV 89103
617726 - 8921 Rio Verde Ave, Las Vegas, NV 89147
631537 - 8713 Glistening Pond St., Las Vegas NV 89131

Las Vegas Condos:

639580 - 8600 West Charleston Ave, Las Vegas, NV 89117 Located at Park1
639578 - 10233 King Henry, Las Vegas, NV 89144 Located at Carlise at Summerlin
638486 - 10550 West Alexander Rd. , Las Vegas, NV 89129 Located at Chateau Versailles

The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the Greater Las Vegas Association or REALTORS® MLS.

Real Estate listings held by Brokerage firms other than this site owner are marked with the IDX logo.GLVAR deems this information reliable but not guaranteed.

Copyright © 2006 of the Greater Las Vegas Association of REALTORS® MLS. All rights Reserved.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

Olivia McClellan and Barbara Cutter manning the Women's Council of REALTORS booth at the 2006 REALTOR Rally in Las Vegas.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845

Developers continue to add incentives to entice buyers to stop by with their REALTOR to check out what they have to offer.

Here are some of the incentives offered:

1. No money down using their in-house lender *subject to qualification
2. No HOA payments for one year
3. No mortgage payments for one year *needs explaination
4. Cash for Closing Costs
5. Incredible upgrade packages
6. Money to buy down your loan rate

Some developers are combining these offers and others offer one or two but each is different so matching your needs to picking our the correct incentives is critical.

One of my clients closed escrow last week on a very nice property. He had choice of reducing the price of the home by $10k or using the $10 to buy down his rate. We ran the numbers and buying down his rate was the way to go.

If he used the $10k to reduce his purchase price he would save roughly $70 on his mortgage payment.

By using the $10k to buy down his interest rate from 7% to 5.5% he saved $500 a month on his mortgage payment which ended up as a whopping $30k in savings in a 5 year period.

Knowledge is Power, use a REALTOR

Questions? Please call me to discuss how I can assist you with all of your Real Estate needs.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

How often do you get to check out a million dollar house in Southern Highlands?

If you are in the market for a spectacular home located on a cul-de-sac in one of the most sought after communities in Las Vegas, Sunday is the day to act.

Open House:
Date/Time: August 13th, 11 am – 4 pm
Location: Foothills at Southern Highlands,
Address: 5620 Benevento Court.

MLS# 599088 Priced at $990,000 and includes the pool table located in the game loft.
* Also $5,000 bonus to Buyers Agent with Full Price Offer

Click on the link for directions to the property.

See you Sunday!



Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

Wednesday, August 9th, 2006 - Las Vegas Chamber of Commerce Luncheon at the Four Seasons Hotel on the Las Vegas Strip. Our self proclaimed, Happiest Mayor in the World" Mayor Goodman spoke to a packed room about Las Vegas and how he is promoting the downtown revitalization projects as well as Las Vegas as a whole. Two showgirls in red regalia flanked his sides as he entered and exited the luncheon with the two showgirls on his arm. Olivia chatted briefly with Mayor Goodman briefly about potential downtown development projects.

Our Current Listings:
Below are current listings from REALTORS in Las Vegas, Nevada.

Las Vegas Homes:

639579 - 5620 Benevento Ct, Las Vegas NV 89130 Located in Foothills at Southern Highlands
603834 - 5575 Villa Lucia, Las Vegas, NV 89134 - Pending
593407 - 8301 Boseck Drive, Las Vegas NV, 89145
621049 - 5042 Ridge Drive, Las Vegas, NV 89103
617726 - 8921 Rio Verde Ave, Las Vegas, NV 89147
631537 - 8713 Glistening Pond St., Las Vegas NV 89131

Las Vegas Condos:

639580 - 8600 West Charleston Ave, Las Vegas, NV 89117 Located at Park1
639578 - 10233 King Henry, Las Vegas, NV 89144 Located at Carlise at Summerlin
638486 - 10550 West Alexander Rd. , Las Vegas, NV 89129 Located at Chateau Versailles

The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the Greater Las Vegas Association or REALTORS® MLS.

Real Estate listings held by Brokerage firms other than this site owner are marked with the IDX logo.GLVAR deems this information reliable but not guaranteed.

Copyright © 2006 of the Greater Las Vegas Association of REALTORS® MLS. All rights Reserved.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

As reported in INBusiness on Aug 1st, Vegas888 has closed it's sales office due to sales being behind schedule. Del Webb American was the developer for Vegas888.

Vegas888 was going to be located on Flamingo next to the Palms new tower and Palms Place.


Thanks

Olivia

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

As reported in INBUSINESS on August 1st, Spanish View Towers secured financing to start construction again after a brief work stoppage due to construction liens.

Good news for this great project located in the growing southwest vegas valley.

If you have questions or would like to secure a Spanish View Tower Unit call me at 702-372-2671.

Thanks

Olivia

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

Our Current Listings:
Below are current listings from REALTORS in Las Vegas, Nevada.

Home:

599088 - 5620 Benevento Ct, Las Vegas NV 89130
603834 - 5575 Villa Lucia, Las Vegas, NV 89134
593407 - 8301 Boseck Drive, Las Vegas NV, 89145
621049 - 5042 Ridge Drive, Las Vegas, NV 89103
617726 - 8921 Rio Verde Ave, Las Vegas, NV 89147

Condos:

599089 - 8600 West Charleston Ave, Las Vegas, NV 89117
587101 - 10233 King Henry, Las Vegas, NV 89144
614617 - 10550 West Alexander Rd. , Las Vegas, NV 89129

The Great Mall of Las Vegas is planned to be 1.6 million-square-foot and located in Centennial Hills area in northwest Las Vegas. It will be an indoor and outdoor retail components, architect according to Howard Perlman, noted in the Review Journal Junly 31, 2006.

The indoor portion is three stories, with anchor tenants at each end and three levels of shops, all in an air-conditioned environment for hard-core shoppers who easily spend eight hours in a mall, he said.

The outdoor "lifestyle" component is similar to The District at Green Valley Ranch, developed by American Nevada Co., Perlman said. It will have a mix of entertainment and retail with 900 residential loft units on top. Maximum height for the two condo towers is 200 feet.

The 50-acre site plan includes retail, offices, a food court, theaters, common areas and enclosed park.

Please contact me if you have any questions.

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Liberty Realty
7674 W Lake Mead Blvd, Ste 150
Las Vegas, NV 89128
Direct: 702-372-2671
Fax: 702-543-4845
Website: www.OliviaSellsVegas.com
Email: Olivia@OliviaSellsVegas.com

TOWN SQUARE: Steel framework for the 1.5 million-square-foot Town Square retail and lifestyle center is taking shape on Las Vegas Boulevard South at Sunset Road.
Las Vegas-based Centra Properties and Florida-based Turnberry Associates are developing the $750 million project.

Marnell Corrao Associates is the general contractor and Development Design Group of Baltimore is the architect.

The 117-acre Town Square will create an open-air village, Main Street environment anchored by Rave Motion Pictures, Robb & Stucky, Borders and 24-Hour Fitness.
Tommy Bahama's Tropical Cafe, Yardhouse and Texas de Brazil will open their first Las Vegas restaurants at the center.

Thanks, Olivia

Olivia McClellan, ABR, GRI, RRG
Broker/Salesperson, REALTOR®
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
email: olivia@oliviasellsvegas.com

According to various Websites has announced she will be opening a hotel in Las Vegas. Her sister Nicky Hilton announced last month Nicky O South Beach a boutique hotel in South Beach Miami.

Stay tuned for the next cool Las Vegas hotel, maybe.

Olivia

JUHL announced that progress is moving forward and the development is heading skyward. That is great news for the people who have reserved units and downtown as a whole.

SOHO lofts is already closing units and moving people in. Newport Lofts is getting close to top off. Streamline is moving along also.

JUHL had a gala event last week where the Mayor attending and celebrated yet another project that is moving forward downtown. This means the Mayors master plan of redeveloping Downtown is one step closer. We have been watching to see what happends with the 61 acre parcel that has so much promise for downtown. Related pulled out of the deal earlier this year stalling plans.

Stay tuned.

Olivia

Olivia McClellan, REALTOR® ABR, GRI, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
email: olivia@oliviasellsvegas.coM
Website: www.oliviasellsvegas.com

As reported in the Las Vegas Business Press on 7-7--06, The Spanish View Towers has had multiple liens filed against the property by HB Construction of Costa Mesa, CA.

The project was planned for three 18 story buildings totalling 444 residences. Spanish View recently broke ground and was making progress before the project halted.

For more info or a link to the article please call me at 702-372-2671

Olivia

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
Office: 702-228-3070
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

This low rise development has just released 11 units on the resale market. This development had sold out pretty quick once it released. The prices range from $510 to $840.

This project is in a great area near the airport and the Las Vegas Strip.

Call me for more info.

Olivia

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
Office: 702-228-3070
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

A 2.7-acre parcel on the northeast corner of Main Street and Bonanza Road is Aquitania lofts, a proposed commercial and residential mixed-use project.

The project is slated to have 296 units in eight stories with two levels of underground parking. The first floor would have 35,000 square feet of retail space.

Lofts range from 825 square feet for one-bedroom units to 1,600 square feet for three bedrooms, selling from the low $200,000s. Dennis Rusk is the architect.

For more infomation about Aquitania Lofts call me.

Olivia

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

The High Rise market in Las Vegas continues to grow despite cancelled projects.

The announcement of Las Rambles and the Hard Rock condos cancelling has many people scrambling over the demise of the Las Vegas high rise market and expecting a screeching halt to the Las Vegas market growth.

In the fact the truth is just exactly the opposite.

One May 12th 2006 The Hard Rock Residences cancelled plans to build their condo project allowing Morgan’s Hotel Group to purchase the Hard Rock casino and Hotel along with the 23 acres originally slated for condo/hotel development for $770 million in cash. This is hardly a story of the real estate market losing ground. Peter Morton originally built the Hard Rock for $80 million in 1994 and expanded in 1999 at the cost of another $100 million. The sale of the project and land for $770 million in cash is a realized appreciation of more than 200% over just 12 years. The net profit to Mr. Peter Morton was over $731 million. The 23 acres are being developed on every side and if the new owner, Morgans, decides not to develop the land, they have expressed the possibility of selling it so someone else who can develop.The same is true of The Related Las Vegas project, Las Ramblas. The cancellation of Las Ramblas does not signify a loss. Far from it, in fact. Related and its partners sold the 25-acre site for $202 million, more than twice what they paid just a year ago. The buyer, the Edge Group, plans to develop an upscale, boutique hotel-casino complex, adjacent to their other project currently in pre-construction sales, being co-developed with the W Hotel. The W Las Vegas condominium-hotel is a $2.5 billion, 4,000-unit project. The Edge Group now controls 50 acres in the Harmon Avenue area just off the Strip.

These cancelled projects are simply the nature of a growing market in which some developers will choose to cash in and let someone else do the building. The fact they’ve been able to cash in with such enormous gains is the true indicator of the land value and the long term value of the Las Vegas market.

With all the craze of investors, speculators, and double digit appreciation, the truth seems to get lost in the shuffle. The truth is Las Vegas is growing and with land costs rising, just as in any cosmopolitan city the development is by shear nature of land scarcity becoming more dense and ultimately vertical. Las Vegas continues to show a strong job market, historically low vacancy rates, and remarkable year after year tourism growth.
Not every high rise proposed will get built this year or ever, but remember New York City wasn’t built over night. The fact that only about 17 projects have currently broken ground with only about half of these actually coming to the market in 2006 keeps the market from being flooded with too much inventory. This will help to maintain competition and increase demand allowing owners to preserve property values. This is important in an economy were national data suggests that 39% of major housing markets are over-valued. Most cities included are markets that have had major increases in appreciation over the past few years but the population growth and the job markets are also taken into consideration. Equally important, is that Las Vegas despite the double digit appreciation as the hottest market in the country for the past few years is not included in the top twenty on this list, which includes cities in California, Arizona, and Florida.Las Vegas as a city beyond the Strip, is in its’ infancy and although we won’t meet the unrealistic expectations of double digit appreciation year after year, Las Vegas continues to be a solid investment, so if you’re interested in the high rise market for residency, second home, or investment, the potential to get into a property on the ground floor still exists.

If you are interested in information about Las Vegas high rises, please contact me Olivia@OliviaSellsvegas.com

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845 Office: 702-228-307
0email: olivia@oliviasellsvegas.com
Website: http://www.oliviasellsvegas.com/

Spa Lofts in Las Vegas

The rendering of Spa Loft looks amazing. Another wonderfully designed project has joined the mix.

Location: South West Las Vegas 215 PKwy/RainbowBldg.
Type: Condo/LoftsNo. of Towers: 3
No. of Stories: 3
No. of Units: Unit Sizes:
Lofts, 2, & 3 bedrooms
Price Range: Square Footage: 1276 sf - 1500 sf
Status: Pre Public release June 2006Estimated
Break Ground Date:
Estimated Completion Date: Developer: The Light Group

Call me for more info

Olivia

Edge Resorts aquires Las Ramblas, the 25-acre Las Ramblas development site along Harmon Avenue, between Paradise and Koval roads, just west of the Hard Rock Hotel & Casino. Edge paid $202 million for the property, which sits next to the W Las Vegas project it is developing in partnership with Starwood Hotels and Resorts Worldwide.

George Clooney and partners announced the closure on 6/5/06 after months of speculation.

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
Office: 702-228-3070
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

Juhl - Downtown Las Vegas

The development, located at the corner of Bonneville Avenue and Fourth Street, will comprise six buildings of varying heights and facades. More than 100 floor plans are available, ranging from 616 to 2,500 square feet in one- and two-story designs. Prices start from the high $200,000s.

Features include 10-foot floor-to-ceiling windows, energy-efficient air conditioning and heating, high-speed Internet access, Grohe plumbing fixtures, and patios or balconies. The kitchens provide granite counters, island workstations, maple cabinetry and stainless steel appliances.
Architectural elements of the buildings include a glass-enclosed lobby and exposed mechanical and concrete surfaces.

Plans for the common areas include a two-story fitness center, as well as a landscaped rooftop courtyard with a 75-foot pool, spa and viewing deck. Residents will also enjoy gated underground parking and 24-hour security.

Call for more info:

Olivia McClellan, REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W. Sahara Ave., Ste 101
Las Vegas, NV 89117
Direct: 702-372-2671
Fax: 702-543-4845
Office: 702-228-3070
email: olivia@oliviasellsvegas.com
Website: www.oliviasellsvegas.com

The Brownstones at Urban Village, Las Vegas by Centex

Pre-construction, Phase One Pricing starting at $375,000. Get your Condo or Lofts On the Las Vegas Strip with a Las Vegas Strip Address!

$5,000 per reservation. Only 10% at contract (mid-June). Each Agreement is time/ date stamped, and as such, our release will be on a first-come, first-choose basis.

Hope to hear from you soon.

Olivia
702-372-2671

Another One Bites the Dust!!!

In the early hours today May 9, 2006, The old Boardwalk Casino bit the dust making way for more new development. The Boardwalk demise makes way for continued growth as the Strip re-invents itself yet again. The MGM Project City Center and the Cosmopolitan are both under construction next door the Monte Carlo and Bellagio Casinos.

Thank you

Olivia McClellan REALTOR® GRI, ABR, RRG
Sweet Home Realty
7935 W Sahara Ave, Ste 101
Las Vegas, NV 89117Direct:
702.372.2671
Fax: 702.543.4845

Email: Olvia@OliviaSellsVegas.comWebsite: www.OliviaSellsVegas.com

The W Residences will soon be taking public reservations. If you would like to reserve a unit at this beautiful property contact me. I have pre-public access to the reservation team.

Thanks, Olivia 702-372-2671

All,

Loft Living allows you to have wide open spaces, high ceilings and an unique urban feel. Most large urban cities have loft projects that are extremely popular.

Las Vegas has many projects that are called loft-like but are not true urban style lofts.

The Green Valley Loft project does not have much data or images yet so I'm not sure what type of project it will be.

The area is fabulous and a true loft project would add to it.

If you would like pre-release info on this project email or call me ASAP.

Olivia

As many of you know the Urban Village project has been advertising for two years gathering names and email addresses.

Many of you may have received a letter, phone call or email from the Blue Tipping Group. This company has been giving first crack at sales at everyone on their lists they have been generating via the Web for over two years. The Blue Tipping Group is a marketing company and by signing a reservation with them you are contracting to use them as your Real Estate representation in most cases without your knowledge.

The process is as follows:

1. You will be asked to make a reservation to attend a private preview.
2. At that preview you will be asked to leave a $5,000 deposit to be on a list that potentially gives you the right purchase a unit.
3. At this presentation, you do not choose a unit nor is pricing revealed.

Centex the developers of Urban Village are ramping up their sales staff and will be selling direct to the public within 30 days. Wait to purchase. The prices when released will be the same.

Buy via your personal REALTOR who is there to protect your interests by reviewing your contract and watching your back. The contracts that most luxury condos developers are using have been customized to protect them so BE CAREFUL.

Thanks

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