Las Vegas Real Estate Info

Condominiums continue to gain ground in the Las Vegas area. The Falcon Group, for example, is developing a $650 million Pinnacle twin-tower condominium project. With units price from $385,000 to $950,000, the Pinnacle twin-towers will offer a wide variety of features and amenities for residents. The units will have 10-foot ceilings, stone floors, wool carpet and granite counters.

Another project, the Vantage Lofts are being built by Slade Development. The $160 million project consists of everything from one to two bedroom flats, two story homes, urban-style lofts and town homes. These are the types of projects that will continue the growth of the Las Vegas area.

Looking after your home buying needs in the Las Vegas area, this information brought to you by Las Vegas Real Estate.

Looking for affordable home in Las Vegas? Check these homes directly from MLS.

A young professional making $30,000 a year may be able to afford a home in Las Vegas, but perhaps not the land underneath it. A new report from the Lied Institute for Real Estate Studies suggests creating a community land trust would solve that problem.

The top three issues affecting housing affordability are the cost of land, Bureau of Land Management regulations and construction defect litigation, the Lied report said. The trust then would sell those homes to qualifying homebuyers at a reduced price. Community land trusts can be used to expand affordable and attainable housing.

The report defines affordable housing as a household earning 80 percent or less of the area’s median income that pays no more than 30 percent of its income for housing, including utilities.

Las Vegas is about 40,000 dwellings short in affordable housing. Discounting the land is just one of several subsidies required for affordable housing. The Lied Report concluded that lack of affordable housing affects everyone in the community.

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The ultimate trend in urban Las Vegas living is the 80 new high-rise pre-construction projects for condos that are in the planning stages along the downtown Vegas strip. These new projects, combined with George Clooney’s new casino and hotel (Las Ramblas) promise to inject revenue and opportunities in the Las Vegas area.

Among these different projects will be fantastic amenities like fitness centers, conference centers, and valet and amid services, gourmet dining and resort pools. The condos will feature luxuries and practical living opportunities for long-term housing and short-term ‘hotel’ stays. Check out the opportunities available for long-term living and vacation luxury today at Las Vegas Real Estate . And to you and yours, a Happy Thanksgiving, see you all after the holidays.

Still worried that the housing market is slowing down? Don’t be. An Archon Group affiliate just bought a Las Vegas apartment complex for $76 million dollars and plans to convert them to condos in two years. The purchase of these apartments comes at a time when worries about housing futures, price checks and reality checks are all going to collide. However, vacancies in the city are below 4.5 percent. Currently, converting apartments to condos has not failed in the Las Vegas area.

The job growth and economic trends in Las Vegas continue to lead in the country and housing costs are still competitive. The time to build, to buy and to invest is now. For more information on purchasing a condo contact Las Vegas Real Estate.