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Existing Las Vegas
home prices at the end of this year will be about the same as they were
in 1996, while new home prices will be about the same as they were in
2003.
From 1990 thru
2007, a new home cost about 11% more than a resale home, and from 2008
thru 2010, a new home cost about 56% more than a resale home.
From 1993
thru 1997 more Las Vegas new homes sold than resale homes, something
that has never happened since. From
1990 thru 2007 we sold about 20% more resale homes than we did new
homes: From 2008 thru 2010 we sold over 600% more resale homes.
Question: How are new homebuilders in Las Vegas surviving today?
The
Answer: Not all homebuilders have survived! Today we have about 50
builders active in the Las Vegas market, and in 2007 we had over one
hundred.
Todays
surviving homebuilders have succeeded in rolling back prices to 2003
levels; half the new detached single family homes today are selling for
less than $100 per square foot. These homes are in new neighborhoods,
latest in design, high in energy efficiency, and come with the builders
new home warranty.
Compare
that with the typical resale home (which is either a bank REO
foreclosure or a short sale) and youll see the difference. And the
purchasing process is relatively quick and straight forward, whereas
with a Foreclosure/REO or short sale, there are often offers and counter offers,
and can take several months or longer to close escrow.
Silverado Ranch upgraded, a second / vacation home like brand new!
Exterior columns, porch, granite counter tops. Open and spacious
floor plan with great room (sunken living room); upgraded cabinets and
hutch in dining room.
Four bedrooms plus a loft; 2 full baths and half bath downstairs.
Master suite with walk-in closet, ceiling fan. Master bath has double sinks, roman-style tub and separate shower.
Currently offered at $210,000.
Call Jan OBrien (702) 858-9191 for a private showing. View the Property flyer.
I just finished a guided video tour of my newest listing in northwest Las Vegas for 8525 W. Verde Way. This gorgeous property is a modern tour de force! Check out this video:
This property is nearly 4500 sq ft and sits on over half an acre.
* 3 bedrooms
* 2.5 baths
* Loft/Office area
* Separate Gym/Casita
* Undergroud Wine Tasting Room
* Rooftop Deck
* Full Strip Views
* Stunning Fire and Water features
* Super stylish and perfect for entertaining.
If you'd like a private tour of this property, please contact Felipe Crook from Prudential Americana Group Realtors at 1-866-589-1646.
When you list your property with me, you get a custom guided video tour of your home like the one below.
I am thrilled to share with the world a fantastic new listing I just put on the market. I have seen thousands of homes in Las Vegas, but I have never seen one quite as beautiful and unique as this one. Nationally acclaimed interior designers Cleo Design, have created a modern masterpiece in the desert. Featured in Vegas Magazine and Las Vegas Home and Design, this stunning property is an oasis in the northwest part of the valley. Vast expanses of glass highlight five rooms- the foyer, living room, dining room, kitchen, and master bedroom and bath- that all open to views of the backyard and pool. Beside the pool stands a fully structured outdoor pavilion constructed with the same boxy white southwestern style as the main house. Owner Ken Kulas said, "When we were designing the house, we were a bit concerned that all the white walls, white tile, straight lines, glass and bare wooden floors might seem cold, and austere. It turned out to be anything but. Everyone who visits is amazed by how welcoming and comfortable the place is. It's just a wonderful space to hang out and have fun."
Each room and space has a unique quality while still managing to weave a modern style through out the entire property. Gatherings can be staged among six separate areas, including a formal dinning area with views of the pool, and an intimate underground wine cellar large enough for a rustic table and chairs. The majority of your guest won't want to leave the kitchen island, especially when the rolling door opens up to a charming outdoor patio with gas and water features.
The property is equipped with a state of the art digital audio system linked to Bose speakers throughout the inside and outside of the home. Perfect for entertaining on a large and small scale. The enormous projection screen TV hides in the ceiling when not in use, and believe me after experiencing it, you won't ever want to go to the movies again.
You can not visit this house without noticing the incredible use of natural gas fire features. There are two two-way fireplaces located in the kitchen and at the head of the master bed. A stand alone fireplace located outside of the living room, a fireplace on the rough top deck overlooking full strip views, and beautiful outdoor fire features around the pool and near the patio off the kitchen, make this home warm and cozy.
The master suite is like a resort spa with an unconventional pivoting door leading into a peaceful retreat. The two way fireplace screens the master bed and beacons you to see the rest of the room. Full glass walls open onto the half acre lot with grass and mature desert landscaping. If you continue around the corner, the master bath is absolutely breath taking. A giant steam shower along with an over sized tub will melt the stress away. Incorporating outside and inside living is a clear through line in this home, and it doesn't stop in the master bath. A roll up glass door, let nature into the bath along with a huge boulder perfectly placed near the steam shower. The walk in closet has a secondary laundry area and built in shelves. Check out this virtual tour:
Here are some details about the property:
4197 Sq Ft
3 bedrooms
2 and 1/2 baths
3 Car garage
Over 1/2 acre
Loft and Wine Cellar
Gym/Casita
Stunning Modern Custom Home
Take a look at some of these incredible pictures of the property (These are great pictures, but it's even better in person!)
If you would like more information on this property, please call me, Felipe Crook from Prudential Americana Group Realtors a call toll free at 1-866-589-1646. I look forward to showing you this gorgeous home.
All photographs are from Gaford Media. Please visit www.GarfordMedia.com or contact Scott Lawrence at 760-815-6107
With the majority of all of our sales being foreclosures or short sales, few people consider new homes, and I keep telling them they are missing out. I just attended a National Association of Hispanic Real Estate Professionals, NAHREP for short, luncheon last week with a huge panel of brand new home builders. It was very informative and gave everyone a clear indication of new building trends....here's the biggest trend: GREEN BUILDING. Many of the builders are now constructing Enery Plus which is 30% more efficient than Energy Star. Out here in the hot summers and chilly winters, having an energy efficient home is ideal. The builders are ramping up for the expiration of the home buyers tax credit. Many builders offer incentives to the buyers, such as closing costs, upgrade or option credits, and some even reduce the price. New home builders require that your Realtor accompany you on your first visit, so make sure you let your agent know you'd like to visit a new home community otherwise the builder's employee will represent you AND the builder. If you'd like to see new construction homes in Las Vegas, you can start your search below or call me toll free 1-866-589-1646. I have relationships with a lot of builders around town, and can usually get the latest and greatest deals available.
I just listed a very charming, remodeled home in Mcneil Manor here in Las Vegas. This neighborhood doesn't feel like you're in Las Vegas with huge trees, big lots, and great neighbors. I am a little biased with this listing, because I live here and can vouch for how awesome it is. This is a very centrally located neighborhood with fantastic access to I-15 and I-95, and five minutes to the strip. It's primarily made up of single story homes, and if you're looking to escape the cookie cutter feel of the rest of Las Vegas, you need to visit this area. The neighborhood was built in the 1960's and the average lot size is nearly a quarter of an acre.
The new listing is on 2707 Colanthe Ave, Las Vegas NV 89102.
2195 Sq ft
3 Bed
2.5 Bath
2 Car Garage
Pool and Spa
Remodeled Kitchen with stainless steel refrigerator, double oven, and corian counter tops
Porcelin Tile and Pergo in main areas
Slate flooring in master bedroom
Large Jetted Tub and steam show in the master bath
French Doors with Roladen Security Shutter.
Covered Patio with great view of Stratosphere
Large lot dog run
Stacked Stone Fireplace
If you would like a private tour of this beautifully remodeled home in Mcneil Manor, please contact Felipe Crook at 1-866-589-1646 or email me at Felipe@felipecrook.com
Roma Hills is a beautiful community in Henderson Nevada. Full of custom homes, this guard gated community sits near the base of the southern mountains in the Las Vegas valley. Take a look at this beautiful home for sale:
4 bed, 4 bath
Den/Office
3427 sq ft
12,197 sq foot lot
Pool and Spa
Guard Gated Community
Travertine Floors
Upgraded counter tops and cabinets
Much more....
ELEGANT CUSTOM SINGLE STORY*TRAVERTINE MARBLE FLOORS IN ALL LIVING AREAS*KOHLER SINKS & PLUMBING*GE MONOGRAM PROFESSIONAL GAS RANGE*TOP-LINE CABINETRY & ELECTRONICS PACKAGE*THEATER ROOM*CASITA*RAISED EDGE POOL W/SOLAR HEAT & WOK WATERFALL*GORGEOUS SEPARATE MASTER SUITE*2 BOSCH DISHWASHERS*BUILT IN COFFEE/ESPRESSO MAKER
For full details of this property, contact Felipe Crook with Prudential At 1-866-589-1646.
Anytime I can help a client try to sell their home in another state with some extra internet exposure, I put their home on my blog and various other websites to generate some good traffic. Since Las Vegas doesnt' have too many "historic" homes, I thought this would be a fun thing to blog about and hopefully it will generate enough interested to bring a buyer for this very cool mansion. Here's a description about the home:
STATELY GEORGIAN REVIVAL MANISON ROCKY MOUNT, NORTH CAROLINA
STOP: $8,000.00 TAX CREDIT FIRST TIME BUYERS; $6,000.00 TAX CREDIT FOR OTHER BUYERS EXPIRES 4/15/2010
Take a SECOND LOOK at this Large Eligant Historical Home Now FHA will permit lenders to use the $8,000.00 or $6,000.00 tax credit to either cover closing cost or make a Larger Down payment. Seller will credit another $20,000.00 in escrow to be applied to down payment. This may assist you in qualifying for a Home Loan. Just recently in the "Raleigh Metro Magazine" it states and I quote, "Talk about location, location, location a city of 60,000 residents is situated at the geographic junction of North Carolina's Piedmont and Coastal Plains, where temperate climate, scenic beauty and good cropland abound, it is at the intersection of three major highways US 301, Interstate 95 and US 64 only 45 minutes from Raleigh and midway between New York, NY and Jacksonville, FL." The magizine went on in great detail about the many amenities in Rocky Mount as well as sport facilities. This Historical Home is a gem and located in the Historical District in Rocky Mount, North Carolina. The street is lined with beautiful Historical Homes. This Mansion is circa 1924, two stories plus a finished attic and has a basement. The Home was built by Kate Arrinton a wealthy socialite for entertaining. The room are large and with wide crown molding. It has a cedar lined closet as well as an EXTREMELY LARGE Walk-In Closet and a BEAUTIFUL Staircase, five fireplaces, 10 foot high ceilings and a large kitchen with a butler's pantry. The Home has a carport attached to the house and a garage with a carriage house. This Home has 2 Master Suites one with a large Walk-In Closet and Fireplace. This Home has been lovingly maintained throughout the years and updated with two central heating and air conditioning, one zone on each floor with computerized thermostats. It has its Original Slate Roof which is in EXCELLENT CONDITION. The Home has French Door leading from the Formal Living Room into the Hall and Dining Room. Some of the original light fixtures others Chandeliers for formal areas were custom made in Murano, Italy of BEAUTIFUL crystal for the period of the house. The Home has the ORIGINAL Hardwood Floors in Excellent Condition, NEW Custom Window Shades and Drapes and Curtains that conform to the period. This Home has the ORIGINAL Bathroom Tile Floors, Bathtub and NEW Pedestal Sinks that conform to the period as well as new faucets. This Home is in walking distance of the NEW Braswell Public Library and the NEW Multi Million Dollar Imperial Art Center as well as a 10 minute drive to other locations for shopping as well as dining as we as several movie theaters. This Area is the part of the United States that is green as well as in a short driving distance of the BEAUTIFUL Coast for boating, fishing, etc. If you would enjoy a Large Solid Infrastructure House, then you could make this Beautiful Home your next one in Rocky Mount the homes are selling for over $200.00 per square foot, this Large Home is priced at less than $100.00 per square foot. you will appreciate the WONDERFUL ELEGANCE of Large Rooms for your Family and Guests. The schools here are VERY GOOD, there is private as well as 2 public schools that were just awarded as 2 of the BEST in the United States by U.S. News and Would Report, so for families or for entertaining this home would be perfect. Unlike many Historical Homes throughout the United States that have been altered or turned into apartments this BEAUTIFUL Home has never been altered and the Historical significance and integrity is in tack. If you would like a copy of the article in the Raleigh Metro Magazine and are interested in this Home you may email me. I will assist you in owning this Beautiful Home. Seller will consider carrying a Second Trust Deed for qualified buyers. There will be NO Greater Time to purchase a Home than NOW if you are a first time buyer you will receive an $8,000.00 Tax Credit or Refund. Interest rates are low and loans will be easy to get now that the Federal Government has bailout to banks to make loans available to purchasers buying homes. This Home is priced under appraisal and less than $100.00 per square foot. NO REASONABLE OFFER REFUSED, Not in Foreclosure or Pre-Foreclosure. This is due to family illness in another state. Interest rates are low, here is your chance to own a bit of History in this EXCELLENT CONDITION Home. Seller will furnish HOME WARRANTY.
Here are a few pictures:
Here are a few more specs on this Historic Mansion in Rocky Mount, North Carolina:
STATELY GEORGIAN REVIVAL MANSION
$399,900.00 Under Appraisal Bedrooms: 5 Full Bath(s): 3 Heated Sq. Ft.: 4200 Unheated Sq. Ft.: 1900 Stories: 2.5
Acres: 0.340
Listing #: 2310
1st Floor Bath
1st Floor Bedroom
Attic
Crawl Space
Dining room
Entry Hall
Kitchen
Laundry Room
Living room
Sunroom
Unfinished Basement
2 Car Garage
Automatic outside lights
Casement windows
Fenced Yard
Garden
Guest House
Patio
Restored exterior
Storage Building
Storm Windows
Wrap Around Porch
Built-in Bookcases
Built-in Cabinets
Ceiling Fans
Ceramic Tile
Grand staircase
Original wood windows
Transoms
Walk-In Closets
Wood floors
Central air
City sewer
City water supply
Dishwasher
Disposal
Gas heating
Range
Refrigerator
Security System
Water Heater - Gas
- Included in Selling Price -
1-Closet Cedar Lined
5-Fireplaces
Bar-B-Que
Butler's Pantry
Custom King Size Bed Cover Matching Window Treatments
Driveway-Brick & Grass
Library
Maytag Washer/Dryer
Microwave
Some Furniture Maybe Purchased or Included upon Inquiry
Stove
Up-Stairs Master Bedroom has Large Walk-In Closet & Fireplace
Jackson & Perkins Prize Roses
Master bedroom downstairs
Master bedroom upstairs
Slate Roof
Tin Roof
If you have any questions about this property, please feel free to give me a call toll free at 1-866-589-1646 and I will get you any information you need. Enjoy all the history in this lovely home.
O'Brien-Nikolov Team
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