June 2015

There are 5 blog entries for June 2015.

Construction Starts at Ascaya

At long last, construction is officially underway at Ascaya, a premier new community that will eventually have 313 of the most luxurious homes you’ll find anywhere in the Las Vegas area. And unlike just about every other housing development or community in the area, homes in Ascaya will sit at least 1,000 feet above sea level, with this new 11,000 square foot estate that’s just being started sitting over 3,000 feet above sea level.

Ascaya’s developers plan to make the Ascaya development attractive not only from a home design standpoint, but also in terms of community amenities as well. A $25 million clubhouse is also planned for the community, which will host an array of neighborhood events like wine tastings and art exhibitions.

As for the homes

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Thinking of making a move to Las Vegas or perhaps buying a vacation property here but are concerned about all the warnings relating to water usage and availability in the future? Don’t be.

In a fabulous piece published on the Las Vegas-Review Journal, the on-going issue about water levels in Lake Mead and other natural water resources was investigated head-on, and on the surface, it might be easy to assume the worst.

As noted, the Las Vegas area continues to see incredible growth in both tourism and full-time residency, which of course can seem troublesome when it comes to an already dicey water situation. In fact, according to some studies, Clark County is expected see a jump in full-time residents from 2.1 million to 2.7 million people by 2035, while

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The Cliffs Summerlin

Although we’ve continued to see nice growth in the economy and Las Vegas real estate market over the last 18 to 24 months, if you need additional proof that the housing crash of 2008 and 2009 is well behind us, look no further than Summerlin, where ground has officially been broken on the area’s first new residential village since 2004.

Being called The Cliffs, this sprawling new 1,700 home community will consists of 11 neighborhoods over 450 beautiful acres near Patrick Lane and Hualapai Way, which includes Regency, a 450 home age-restricted development from Toll Brothers.

Along with all the gorgeous new housing, Clark County also owns about 5,000 acres of land surrounding The Cliffs in Summerlin and plans to turn several hundred of those acres along

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The Veer Towers is one of the hottest condo developments in Las Vegas right now, and for good reason. As the last of the residential buildings to open at CityCenter, demand for condos at Veer Towers has finally come around after the Las Vegas real estate market took a nose dive during the housing crash that started back in 2008. But now roughly 5 years after the doors first opened, the two 37-story leaning towers located at 3722 S. Las Vegas Boulevard are making a strong impression on luxury condo buyers, offering an unparalleled living experience that’s hard to match anywhere else.

Condos for sale at Veer Towers range in size from 500 square feet to 3,300 square feet, with the buildings featuring a nice mix of studio, one-, two-, and three-bedroom

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Las Vegas Real Estate For Sale

The days of needing 20% down for a mortgage loan are, at least to some degree, now in the rear view mirror and lending standards finally appear to be loosening up a bit following the housing crisis that started all the way back in 2008. According to national real estate information company RealtyTrac, Las Vegas area home buyers are now making smaller down payments for home purchases, with the average down payment now at 13.3% over the first quarter of 2015.

For reference, Southern Nevadans were making an average down payment of 14.9% for a new home over that same timeframe back in 2014.

From a money perspective, RealtyTrac also pointed out that the average down payment over the first quarter of 2015 in dollars was $36,326, down from $43,712 in 2014.

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