News, info and opinions about Las Vegas condominiums.
There are currently 50 blog entries related to this category.
Friday, June 14th, 2013 at 9:24pm. 0 Comments.
The American Journal of Real Estate Finance released data that shows that real estate agents who focus on a specific geographic area sell homes for 1.21% greater prices than those who list homes in large areas. The secret to finding a great real estate agent is to find an agent who is familiar with an area and has a nitch. At Highrises.com, not only do we have agents who focus on cities, but also in high-rise condos. We know the in’s and out’s of all the details of each building.
One Highrises.com Client, John Cioch said of our Dallas Agent, Emily Ray-Porter, "Emily’s professional and personal touch has really made this the best buying experience ever! Her expertise and knowledge in the Dallas condo market is untouchable."
Monday, June 10th, 2013 at 10:23pm. 0 Comments.
A survey just released from Fannie May states that Americans are now increasing in confidence that it is becoming a good time to buy and sell.
Just one year ago only 16% of people thought it was a good time to sell. One year later the number of people who think it’s the right time to sell is up to 40%. This is the greatest increase in three years of the survey and shows confidence in the housing market growing rapidly. Senior vice president and chief economist at Fannie Mae, Doug Duncan stated, "Sentiment toward selling a home appears to be catching up with the strengthening housing market."
Also currently 46% of Americans think they could easily get a mortgage to purchase a new home. Also up from one year ago, is the percent of people…
Tuesday, May 28th, 2013 at 8:14pm. 0 Comments.
America's downtowns are growing and this is contributing to the Condo Craze many cities are experiencing. Downtown activities such as cafes, shops, clubs and nightlife help keep the college educated 25-34 year olds entertained. In fact from 2000-2010 this demographic increased downtowns by 26%.
In an article from Forbes in April 2013, Lee Fisher, president of CEOs for Cities stated, "The cities that capture the mobile, college-educated 'young and restless' are the ones who are most likely to revitalize their downtowns and accelerate economic progress in their cities." CEOs for Cities is a national not-for-profit organization that helps U.S. cities map out economic growth. City Planners have been working nonstop to help downtown…
Wednesday, May 22nd, 2013 at 10:31pm. 0 Comments.
A new study by the European Journal of Epidemiology shows that residents who live above the 8th floor are 22% less likely to die early. The research shows that two major illnesses, lung disease and heart disease are lowered once people live above the eighth floor.
The only rate of death that increased as the floor number increased is, of course, suicide. Those living on the first floor were 60% less likely to committ suicide by jumping. We're a little surprised that it's only 60%...
So start living a healthier life and Search for a High-Rise Condo now!
Sunday, May 19th, 2013 at 3:12pm. 0 Comments.
Las Vegas’ luxury housing market is heating up.
There were 85 sales of million-dollar homes in the three months ending March 31, up from 39 deals in the same period last year, according to a report this week from Redfin, a real estate listing service.
The homes sold for at least $1 million each. If sales continue at this pace, 2013 will be the best year by volume for Southern Nevada’s high-end housing market since the economy bottomed out.
There were 194 sales of million-dollar homes last year, compared to 188 in 2011, 252 in 2010, 219 in 2009 and 352 in 2008, Redfin reported.
Nationally, there were about 8,300 sales of million-dollar homes last quarter, up from 6,100 a year earlier.
Despite the uptick in volume, many luxury homes…
Thursday, May 16th, 2013 at 3:03pm. 0 Comments.
A few years ago, Lake Las Vegas was on the verge of collapse.
Foreclosures swept through the bankrupt Henderson project as home values and retail sales plunged. Shuttered golf course turned brown. The project’s only casino closed because an adjacent hotel locked its doors. Even a man-made waterfall was turned off.
Now, the lavish project described for years as a financial bust is slowly nursing itself back to health.
Home prices are on the upswing, hotel occupancy is inching higher, and new tenants are joining the retail district.
Since July, Wall Street billionaire John Paulson’s firm has bought more than 900 acres of land there. Before selling it to homebuilders, he plans to boost its value with communal aesthetic upgrades.
Friday, May 10th, 2013 at 3:25pm. 0 Comments.
The Panorama Towers condo project offers high-rise luxury living near the Strip.
It also offers high-level security with dozens of cameras, video-phones and fingerprint scanners.
The 33- and 34-story towers on Dean Martin Drive once had 23 cameras scattered around the place, with another eight in the elevators. Now, thanks to a new system by consultant Christian Petrou, there are 80 cameras, with at least three more on the way.
Petrou, hired in 2010 by the homeowners association board, also brought "biometric," or fingerprint, scanners to common areas such as the gym, parking garage and lobby.
But the towers don't rely solely on high-tech gadgets to keep things safe. There also are more than two dozen security personnel, who are led by…
Thursday, May 2nd, 2013 at 11:22pm. 0 Comments.
Are the bidding wars back? You bet they are. We asked four of our Highrises.com partners about the trends in real estate.
Ian Bell from Seattle said a property listed on a Thursday for $780k, and by Monday there were 10 offers, come even offering to waive inspections! The property ultimately sold for $930k to a cash buyer. This prompted Ian to wonder, “How do regular folks compete?”
Danielle Contreras, our Highrises.com partner from San Jose, CA is seeing a similar trend in her real estate market. A property recently listed for $668k and quickly received 11 offers. The price of the house jumped to well over $700k with one buyer even agreeing to waive all contingencies.
Danielle said she has experienced so many stories just like…
Thursday, May 2nd, 2013 at 2:47pm. 0 Comments.
MLS 1311690 The Platinum Hotel
FULLY FURNISHED PRINCESS SUITE Condo Hotel Large 1 bedroom (939 sf) w/ 2 queen beds, gourmet kitchen w/stainless appliances & granite countertops, bathroom w/double vanities & jetted tub for 2, plasma TV's, fireplace, washer/dryer, indoor & outdoor pools plus tons of first class amenities.
Platinum Resort Condos, just steps off the Las Vegas Strip, a block from Bellagio and Caesars Palace. When owners are not in residence, their Suites may, at their option, collect monthly revenue from the on-site rental program. Contact us today to schedule a showing!
Thursday, May 2nd, 2013 at 1:49am. 0 Comments.
Limited offer only for buyers of Mandarin Oriental 1 bedroom units. Mandarin Oriental, a City Center project is offering a 2-2-2 program. If you purchase a 1 bedroom unit. City Center will pay 2 years HOA, 2 years Taxes and 2 years for property management if you rent it out. Prices are around $680,000 They will also pay closing costs for you.
Purchase while supply last. Offers subject to change.