August 2016

There are 10 blog entries for August 2016.

Henderson NV Condos For SaleWhile the term “affordable” may be subjective, many might consider any home or condo in today’s market that’s priced under $300,000 to fall within that category. A home buyer’s budget is of course the most important aspect when it comes time to shop for a new place to live, and whatever your specific budget is will most certainly dictate what listings are viable options to consider.

While the city of Henderson might be one of the most highly-sought suburbs in the Las Vegas area and is known much more for its luxury single-family homes than anything else, condos and other attached living spaces are also plentiful around town, which can be especially attractive to plenty of first-time home buyers who are finally starting to make the transition from renting

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Las Vegas Real Estate NewsA limited housing supply is an issue many markets across the country are facing right now, but here in Las Vegas, it’s become a problem that is clearly affecting sales activity in recent weeks and months. According to recently reported numbers from The Greater Las Vegas Association of Realtors, home sales overall were down 7% last month from July of 2015, and down 12.7% when it comes strictly to single-family home sales.

While the summer season is always fairly unpredictable when it comes to the Las Vegas real estate market, many industry experts are simplifying the problem by assuming that few homes on the market often leads to fewer overall sales; and in this particular case, the numbers seem to support that claim.

The total number of single-family

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The insanely luxurious Ascaya neighborhood is one of the most talked about communities being built in the Las Vegas area right now, and for good reason—each of these stunningly designed homes are expected to feature all the bells and whistles, and developers are even predicting each residence will have an estimated resale value of between $6 and $8 million, or possibly even more.

But as construction continues for the first eight homes for sale in Ascaya, development is also underway on the community’s lavish and expansive new clubhouse as well, which will feature a variety of amenities for resident-use only, including a state-of-the-art workout facility, a resort style swimming pool, and even on-site concierge service.

As you might expect, every

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With mortgage rates still hovering around all-time lows, more first-time home buyers seem to be entering the marketplace all over the country, but especially here in Las Vegas. Buying a new home at any point in your life can be exciting, but if you’re going through the process for the very first time, it can also be a bit nerve racking as well. So before you take the plunge into home ownership, understand that it’s going to take time and there’s going to be a learning curve—but if you follow just a few simple guidelines, chances are your first-time home buying experience will be as smooth as ever. So let’s take a quick look at a few tips for first-time home buyers in Las Vegas below:  

Understand All Expenses Involved 

From a down payment to closing

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Las Vegas First Time Home BuyersAccording to recently released numbers from the National Association of Realtors, existing home sales throughout the country are continuing an upward trajectory thanks in large part to more first-time home buyings making that long-awaited transition from renting to owning. 

Over the first 6 months of 2016, the share of first-time home buyers within the marketplace represented around 31% of all buyers, and 33% of buyers in the month of June alone. Albeit a small increase, that’s about a one percent jump from the overall number of first-time buyers who purchased a home in 2015, and it also represents the highest marketshare percentage since July of 2012 when 34% of all buyers were first-timers. 

The increased activity among first-time buyers is still

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While the Sage Canyon community has already been a big hit among Henderson, NV home buyers, it’s about to attract an even larger base of locals looking for a new place to live. Having mostly offered spacious two-level layouts to this point, home builder CalAtlantic Homes has just unveiled a selection of all-new single-story floor plans for homes within the Sage Canyon community—an option that now makes buying a home here more affordable and more desirable to anybody specially wanting new construction. 

For now, CalAtlantic’s new single-story homes will be built in Sage Canyon 2, a second-phase extension of the community’s initial phase. Individual details have yet to fully be released as of today, however, each of the new layouts promises to offer

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Las Vegas Real Estate DealsIf you’re looking for affordability, plenty of living space, and a top-notch location right in between Summerlin and downtown Las Vegas, look no further than our newest listing: 804 Majestic Rock Circle in Rock Creek Park Estates.

Originally built back in the early 1990s, this traditional two-story offers future home owners five bedrooms, nearly 2,000 square feet of living space, and a monster backyard that won’t disappoint your friends and family when it comes time to host a backyard barbecue.

Inside, 804 Majestic Rock Circle also features fresh new carpet, new paint, and a fully updated kitchen that featured granite countertops and top-of-the-line stainless steel appliances. This home is also sits on a large cul-de sac lot, which certainly has its

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Las Vegas Master PlansIf you had to choose one segment of the local housing landscape that seems to define the residential real estate market in Las Vegas, a strong argument can be made for master-planned communities. Massive housing developments like Summerlin and Mountain’s Edge are in many ways already well-established, and several newer master-planned communities are either still in the earliest planning stages or just starting construction.

Just recently, Home Builders Research released new numbers on how some of the Las Vegas area’s most prominent master plans are performing, and the results may actually surprise you, at least in comparison to what’s been selling over the past decade or so.

Through the first half of 2016, Summerlin has seen the most sales, 390, with

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As a market that was quite possibly hit the hardest during the recession, it’s nice to hear that Las Vegas homebuilders are having an even better year than 2015. According to recently released numbers from Home Builders Research, more new homes are selling, more permits are being pulled, and higher price tags are being assigned to new construction homes in Las Vegas compared to this same time last year. 

Through the month of June, 3,422 new homes have been purchased this year in Clark County, which is up a substantial 12.7% from the first 6 months of 2015. Furthermore, the median sales price of a new home has also jumped 8.1% to $327,622 from this time last year, which is just under the Las Vegas record for a new home of $338,560 that was seen back in

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Tule Springs North Las VegasWhile a number of high-profile housing developments in the Las Vegas area stalled thanks to the recession, some have re-gained momentum and are now on a fast-track to completion. Ascaya over in beautiful Henderson, NV is one that specifically comes to mind, and now with the first half of 2016 officially behind us and market conditions seemingly hotter than ever before, news about The Villages at Tule Springs also gearing back up is continuing to raise eyebrows as well.

Billed as the largest housing development in North Las Vegas since the beginning of the housing crisis, The Villages at Tule Springs will bring 8,600 new homes to the area, which is roughly half of the 15,000 homes the original project called for when it was part of the Park Highlands East

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