Distressed-home prices in Nevada soar as inventory shrinks – VEGAS INC

With investors buying houses and hacking down the inventory, the price of distressed homes is rising faster in Nevada than in any other state, a new report shows.Nevada homes that were bank-owned or headed toward foreclosure sold for an average $144,182 in the three months ending March 31, up 22.71 percent from a year earlier, according to Irvine, Calif.-based RealtyTrac.Kansas was a close second to Nevada, with the price rising 22.57 percent this past year to $143,626. Nationally, such homes sold for an average $167,095 last quarter, up 3 percent from a year earlier.Nevada’s price increase comes amid shrinking availability and sales volume. A total of 4,512 distressed homes — meaning they had been seized by lenders, scheduled for auction or slapped with a notice of default — were sold statewide last quarter, down 63 percent from a year earlier.

via Distressed-home prices in Nevada soar as inventory shrinks – VEGAS INC.

Turnberry Towers

Palms Place #3119 – Fully Furnished Studio with West/Mountain Views

Palms Place #3119 – Fully Furnished Studio with West/Mountain Views

Studio unit w/stunning city & mountain views! Amenities like no other high rise, experience the Palms lifestyle! Comfortable living room, just enough of everything you could possibly want just steps away. Upgrades include stainless kitchen, jetted tub, plasma TV’s & luxurious furnishings. Please visit the Palms Place website for amenities and virtual tours.

Contact us today for a tour Anthony@mylvcondosales.com

For more information, please visit:

http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/

Palms Place

Palms Place

Palms Place

Palms Place

Palms Place

 

South Strip Manhattan Las Vegas Condo 3bd/2ba #302 For Sale

Manhattan Las Vegas Condo on the South Strip  3bd/2ba #302 For Sale

This rare 3bd residence offers over 1500sf, granite countertops and stainless steel appliances. Manhattan Las Vegas condos residents enjoy a host of community amenities including large open green spaces, multiple pools and The Manhattan Club, which houses the fitness facility complete with a cardio room, weight room, business center and media room.

Contact us today for a tour Anthony@mylvcondosales.com

For more information, please visit:

http://www.mylvcondosales.com/las-vegas-condos-for-sale/south-strip-area-condos/manhattan-las-vegas/

 

Manhattan Vegas

Manhattan Vegas

Manhattan Vegas

Manhattan Vegas

 

Manhattan Vegas

Luxury Real Estate Management’s New Listing at The Martin #2008 – Strip Views and City Views

Luxury Real Estate Management’s New Listing at The Martin #2008 – Strip Views and City Views

Views of Bellagio, Mirage and Trump from this 1400sf+ 2bd Residence. Martin building amenities include the library lounge, Range Rover car service, resort style pool with day beds and grilling areas and one of the best gyms in Las Vegas high-rise. The Martin is located just steps from CityCenter, Cosmo and Bellagio.

Contact us today for a tour Anthony@mylvcondosales.com

For more information, please visit:
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/

The Martin 2008

The Martin 2008

The Martin 2008

The Martin 2008

Luxury Real Estate Management Sells Two Penthouses at the Residences at Mandarin Oriental Las Vegas

Anthony Phillips, Owner and Realtor at Luxury Real Estate Management closed on two Penthouse condos at the Residences at Mandarin Oriental Las Vegas. Mandarin Oriental Las Vegas condos combine the prestige of an internationally-renowned brand, unparalleled amenities, spectacular Strip views, and dramatic design with Mandarin Oriental’s celebrated world-class, five-star hotel service. These 43rd and 46th floor residences are some of the highest private residences offered in Las Vegas and offer breathtaking views of the Las Vegas Strip.

Mandarin Oriental Las Vegas condo residents are treated as permanent guests of the Mandarin Oriental Las Vegas and enjoy privileged access to all the amenities and intuitive service of this ultra-luxury landmark hotel. Mandarin Oriental condo owners have 24-hour access to gourmet cuisine, doorman, housekeeping, valet services, and a concierge service dedicated exclusively to Mandarin Oriental condo owners, as well as a delightful array of dining, entertainment and well-being facilities, including a 27,000-square-foot spa and 8th Floor pools and decks.

And since the Mandarin Oriental Las Vegas condos are located inside CityCenter, a variety of shopping, restaurants, and gaming options are within a very short walk from a Mandarin Oriental Las Vegas home.

For current offerings, please visit http://www.mylvcondosales.com/las-vegas-strip-area-condos/mandarin-las-vegas/

The Residences at Mandarin Oriental Las Vegas

Summerlin’s surge in land sales signals a healthier Las Vegas housing market – VEGAS INC

Summerlin land sales almost quadrupled last quarter from a year before, a sign of homebuilders’ increased appetite in Las Vegas.

The 22,500-acre master-planned community, which runs along the western rim of the valley, had $28.2 million of residential land sales in the quarter ending March 31, up from $7.1 million a year earlier, according to a financial report Thursday from developer Howard Hughes Corp.

Last quarter’s revenue nearly matched the amount generated by all of last year’s Summerlin land sales, $31 million.

The Hughes corporation has three other master-planned communities — two in Texas and one in Maryland. However, CEO David Weinreb only discussed Summerlin in his comments in Thursday’s quarterly earnings report, saying he was “particularly pleased that the Las Vegas housing market is showing such strong improvement.”

Company officials sold 99 acres of residential land in Summerlin last quarter, up from 25 acres a year earlier. Over that period, the price per acre rose to $285,000 from $282,000.

via Summerlin’s surge in land sales signals a healthier Las Vegas housing market – VEGAS INC.

Red Rock Country Club

Gaming industry sees biggest revenue gains since recession – VEGAS INC

The U.S. casino industry captured $37.3 billion in gaming revenues in 2012, a 4.8 percent increase from 2011.

That growth rate is largest since the recession swept through the industry in 2008, according to an annual report released today by the American Gaming Association.

The AGA’s “State of the States” survey — a national snapshot of the casino industry based on economic data and public opinion — targets 22 states with commercial casinos and racetracks.

Frank J. Fahrenkopf, the AGA’s president and CEO, said this year’s data is a major bright spot in an industry marred by a recession that hemorrhaged workers and construction projects through the recession.

via Gaming industry sees biggest revenue gains since recession – VEGAS INC.

LV Condos

Veer Towers Studio Fully Furnished with partial Strip views #1710

Veer Towers Studio Fully Furnished  with partial Strip views  #1710 

Veer Towers is a residential only building at City Center Las Vegas. This studio unit is being offered for lease fully furnished (turnkey) with partial Strip views.

Contact us today for a tour Anthony@mylvcondosales.com

For more information, please visit
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/

Veer Towers 1710 Veer Towers 1710 Veer Towers 1710 Veer Towers 1710

Veer Towers Gorgeous Fully Furnished 1bd/1ba #506

Veer Towers Gorgeous  Fully Furnished 1bd/1ba #506

Veer Towers is a residential only building at City Center Las Vegas. This gorgeous corner one bedroom unit is being offered for lease fully furnished with floor to ceiling windows throughout, and spectacular Strip views.

Contact us today for a tour Anthony@mylvcondosales.com

For more information, please visit
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/

Veer Towers 506 Veer Towers 506 Veer Towers 506 Veer Towers 506

Turnberry Towers FULLY FURNISHED

 Turnberry Towers FULLY FURNISHED 1bd/1.5ba residence #403 

Turnberry Towers Las Vegas’ high-end amenities are situated on 12+ acres of lush grounds and include resort style pools with multiple waterfalls, tennis courts, putting green,  dog park and 24hr guard gated security.

Contact us today for a tour Anthony@mylvcondosales.com

For more information, please visit
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/

Turnberry Towers East 403Turnberry Towers East 403 Turnberry Towers East 403Turnberry Towers East 403