Blog Archive

Current Resales on the Market in Las Vegas

Current Hgh, Mid, Loft Resales in Las Vegas, NV. The lower prices reflect 1 bedrooms or studios depending on the project. The higher prices are usually penthouse units.

Downtown Las Vegas
NEWPORT LOFTS - Resales (13) Range: $464k- $838k
SOHO LOFTS - Resales (27) Range: $459k- $4.7 mil
Streamline Tower - not completed can get pricing
The Verge - not completed sold out

Las Vegas Strip
Allure Las Vegas - Resales (5) Range: $448k- $494k - There are a few 1 beds around $425k available
Sky Las Vegas - Resales (56) Range: $399k- $5.9 mil
City Center - not completed can get pricing
Trump International - not completed can get pricing
Planet Hollywood Towers - not completed can get pricing

South Strip
PARK AVENUE - Resales (51) Range: $204k- $499k
Loft 5 - Resales (12) Range: $525k- $7194k
Boca Raton - Resales (4) Range: $399k- $700k
Onyx - Resales (1) Range: $810k
L5 - not completed can get pricing
Brickwater - not completed can get pricing

East Off Strip
Platinum Condo Hotel - Resales (84) Range: $369k- $1.1 mil (Furnished Condo Hotel)
TURNBERRY M G M GRAND TOWERS - Resales (152) Range: $369k- $2.2 mil (Furnished Condo Hotel)
METROPOLIS - Resales (17) Range: $499k- $2.5 mil
TURNBERRY PLACE - Resales (82) Range: $448k- $12 mil
TURNBERRY TOWERS - Resales (83) Range: $4396k- $1.4 mil

West OFF Strip
PANORAMA TOWERS - Resales (108) Range: $435k- $12 mil
Palms Place - not completed sold out

West Summerlin OFF Strip
C2 LOFTS - Resales (12) Range: $696k- $1.5 mil
One Queensridge Place - Resales (8) Range: $2.1 mil - $5.96 mil
THE MERCER - not completed can get pricing
Luxe Lofts - not completed can get pricing

Henderson Green Valley
The District - Resales (1) Range: $575k

Give us call if you would like to view any of these units

Verge Ground Breaking - Dec 12 th 3:00 pm


The Verge ground breaking event downtown has been set for December 12th at 3pm onsite. This is great news for a great project. We are glad to see it get off the ground. If you stop by you might see Mayor Goodman on hand celebrating the Verge Ground breaking. We will be sending seperate invitations out to our clients who purchased a Verge unit. There may be a few units available based on drop out so if you are interested please email us.

President's Dinner at Las Vegas Country Club 12-6-07


GLVAR committees were honors last night at the President's Appreciation Dinner held at the Las Vegas Country Club.

Devin Reese, 2007 GLVAR President made quick work of getting all of the certificates and honorees recognized. The event was capped off by Lee Barrett being recognized as Instruction of the Year.

Dinner and dancing commenced and everyone had a great time.

Clean up Las Vegas Graffiti 702-455-4509

If you are concerned about the increase of graffiti around the Las Vegas Valley its time to start cleaning it up.

If you see graffiti on any structure call a 24 hour voicemail hotline to report it. The Graffiti Hotline number is 702-455-4509.

If you catch a tagger or someone defacing any structure call 911 and report it to the police department.

This is non-profit line so support it to clean up Las Vegas. The number is being promoted by Kevin L. Child from Deiro & Associates

Holiday Season in Full Swing

The official holiday season has started flooding the malls with shoppers and the builders putting homes up for sale slashing prices.

Every year, builders do their best to unload inventory at the end of the year to clear there books. If you are waiting or sitting on the fence it might be time to talk a look at the inventory.

There are million dollar homes going for $600k with golf course views. Some are new homes others are resales that have never been lived in.

So if you are a buyer, who is interested in seeing what is available, give us a call at T8A.

NAR 2007 in Las Vegas


Sima USA section at NAR in Las Vegas 2007 was pretty spectacular with many countries represented at the conference.


Panama, Costa Rica, The Dominician Republic had a majority of the space wrapped up showcasing their extremely cool products. From high rise to private villas there was too much to see.


We spoke with many developers who were in planning for presales phase. If you would like more info on any specific country we can put you in touch with the developer of the project.


Investing in Real Estate inside the United States is great but there are some great places around the globe you might want to look at for a 2nd home or retirement location


Olivia

Triple8 Associates Real Estate Links

Check out our other Las Vegas Blogs

Trump Las Vegas Tower II 2008

The new Trump Tower in Vegas stands out with a large T lit at night along with TRUMP on the sides of the building. Tower II is scheduled to break ground in 2008 now that the Frontier has been flattened and clean-up has begun.

Las Vegas is just one city that Trump is building high rise luxury condos in. He is currently either has built or is building in New York, New Jersey, Honolulu, Los Angeles, Chicago, Florida, Dominican Republic, Seoul, Toronto, Panama, Mexico, Connecticut and future development sites in Soho, NY, Atlanta, New Orleans and Dubai.

Trump dominates the luxury high rise market with his exclusive product and unstoppable brand.

Trump stands apart from other developments in Las Vegas due to the fact it is exclusive, high end and very expensive per square ft. If you are looking for exclusivity in Las Vegas give us a call to check inventory.

C2 Lofts - Starts Move-ins in Summerlin Las Vegas

C2 Lofts located off the 215 and Charleston in Summerlin started move-ins this month. This property is one of the few properties in Las Vegas that features a true loft residence with high ceilings and sleek comtemporary design.

Most units have huge floor to ceiling windows and some of the most high end upgrades available. The builder Christopher Homes has a reputation of designing and putting out a great product within the luxury sector.

C2 Lofts is located near red rock canyon, shopping and restaurants. There is also one of the most anticpated shopping malls being built across the freeway which is patterned after Fashion Island in Newport Beach CA. If you shop and live in Las Vegas this is a wonderful addition.

There are units available at C2 Lofts for sale and for corporate lease so call us if you have questions.

Is it really a BAD Market?

Is it really a bad market or just a Buyers Market?

All of our clients who have purchased either a resale, bank foreclosure or new home have been pretty happy with the incentives and results.

Are my Sellers happy? "No" especially if they have to sell. They feel like they are wading out into waist deep waters knowing there are sharks swimming around. If they are not priced close to market most of them are getting offers 20% below asking. So not happy.

In 1999,2000,2001,2002.2003 it was a Sellers Market and Buyers were paying over asking and getting into bidding wars. The Buyers weren't happy when they were buying but in 6 months when they put that home back are the market and Flipped it for a nice profit, they turned into a Seller and they were happy.

Really, is there a Bad market or just a Buyers Market and Sellers Market. The market shifts back and forth almost like one of those wave machines that sits on your desk. It is sure to shift the other way.

Las Vegas continues to have about 6,000 new residents a month and tourism is maxing out McCarren Airport. There are many new residential and condo hotels on the verge of hitting the market AND MGM Mirage City Center is moving along nicely. By the way have you heard, City Center II on the north end of the Strip...

If you are buyer who is looking for something specific in Las Vegas give us a call we will research it to let you know if it is available and at what price. There are one bedroom units on the strip available for around 400k. Just give us a buzz

360 degree Marketing NAR Las Vegas 2007

360 Marketing was taught by a husband and wife team Harley and Karina Rouda team, Great class teaching REALTORS about new technologies in marketing. The spoke regarding there 360 degree marketing and many phases of how to advertise in today's economy.

NAR Las Vegas 2007 - What's New

The Sands Convention Hall was full with REALTORS from all around the world. During the day most attended classes along with visiting with exhibitors in the main hall.

The feature speaker today was Bill Cosby who with his humorous twist spoke to a packed room about the positives of the current market. A fun break from the hustle and bustle of the convention.

More coming soon...

NAR 2007 Las Vegas Seth Godin

Seth Godin spoke today at NAR 2007 in Las Vegas to a packed audience.

The topic was permission marketing and how REALTORS need to stand out from the crowd to be successful. His hour and half seminar covered branding and how to utilize a changing market to get ahead.

I will be posting more about NAR soon about other exciting products and services at this years NAR show..

Town Square Opens on Las Vegas Blvd

Town Square by Turnberry has opened on the South Las Vegas Strip.

Here are just a few anchor tenants located at Town Square:


  • Abecrombie and Finch
  • American Eagle
  • Banana Republic
  • Gap
  • Lucky Brand Jeans
  • Tommy Bahama
  • Gymboree
  • Aldo
  • Skechers
  • Kay Jewelers
  • Bath and Body Works

and many more. Another great shopping mall opens in Vegas...

City Center Moving Along

If you haven't been following the rapid growth of MGM Mirage City Center you are missing out on watching incredible growth on the World Famous Las Vegas Strip.
There are condo and condo hotel properties still available.
Check out these pics








Boca Raton Move-ins Start Oct 07

Boca Raton is the lastest mid rise to start move-ins into the brand new condominiums.

The 378-unit first phase has been completed and residents have begun moving into with more than 140 units closed. The developer is about 80 percent sold out with many units still available.

If you are interested in a luxury condo on the south strip, give us a call to find out what units are available and pricing.

Call for professional real estate assistance.

Olivia
702-372-2671

The Strand Lofts Coming to Las Vegas 2008

The Avenue is almost ready for move-ins and Wolfson Lofts is already planning another boutique Ultra Loft development in Las Vegas.

There aren't many details surrounding the new project The Strand but if it is anything like The Avenue it will be top notch.

Based on the Avenue there should be under 10 units so these will be reserved quickly. These probably are not units that you would purchase primarly as an investment to resell for a profit but an investment to live in based on the development's overall coolness.

For more info email or call me.

Olivia

Triple8 Associates Inc
5940 S. Rainbow Blvd. Ste 1007
Las Vegas, NV 89118
Direct 702-372-2671
Fax: 702-543-4845
Olivia@OliviaSellsVegas.com
Visit me online at www.OliviaSellsVegas.com

Palms Place Sept 29,2007

Palms Place, Las Vegas

Manhattan Condos Gemstone Sued

If you own a unit, are buying a unit or have been in contract and released your earnest money to Manhattan Condos / Gemstone you need to read about the current lawsuit filed against Gemstone. (Click Here)

Contact Callister Reynolds (Kim or Brooke) for more info:

Callister & Reynolds Law Offices
823 Las Vegas Boulevard South
Las Vegas, Nevada 89101
Phone: 702-385-3343
Fax: 702-385-7743

Model Leasebacks in Las Vegas 12% Cap Rate

Cash Positive with 12% CAP RATE

2 Model Homes for Sale

Builder Lease backs Silverado Ranch Area -

  1. 2468 SF 3 bed 2sty, 3 car garage, POOL, full covered sundeck, retreat Includes all model home upgrades and furnishings - List Price: $609,007
  2. 2834 SF 4 bed 2sty, 3 car garage, 1 bed down, separate family/dining - List Price: $643,059

Builder rent back at Rent of 1% of sales price per month ($6090/$6430)
Min. 18 month lease with options to renew up to 18 months. Cash Positive with 12% CAP RATE and no one living in the unit so no daily wear and tear and no maintenance as builder will handle all.
15% Down Required for Stated Income or 10% Down for Full Doc. 3% For Closing Costs also paid

Thank you

Jason and Olivia

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

A quote we live by: "You will miss 100% of all the shots you never take" Wayne Gretzky