Realtor99's Weblog

Las Vegas Real Estate Investment Property List

realtor99 — Wed, 13 Oct 2010 22:00:19 +0000

Over the last few months I have been watching the inventory for multifamily properties and I have seen the prices come down drastically. I remember just 2 years ago many of the same style properties were on the market listed for close to $300,000 or more here in town. Well not any more. Today I found 33 multifamily properties listed for under $100,000. Some of them are duplexes, triplexes and fourplexes. These style properties present a great investment opportunity. Instead of purchasing a single family home and anticipating on one rental check you can receive up to four rental checks each month from one property. Prices are currently low today because many people purchased these types of properties at very high price points during the boom and the rental rates were not covering their mortgages. As the market crashed/ adjusting the prices have come way .down to the point to where it makes sense to purchase these properties once again. Below is a link to the 33 multifamily properties that I found which have list prices from $100,000 and below. Check out the link below and feel free to call or email me with any questions
http://las.mlxchange.com/Pub/EmailView.asp?r=1156432977&s=LAS&t=LAS

Makea Turner
Realty One Group (702) 542-1883
TurnerMakea@cox.net

Las Vegas Market Trends Update

realtor99 — Thu, 21 Jan 2010 03:35:24 +0000

I put together some information the Las Vegas Real Estate Market. Please click on the links below to view several market Trend Reports. The topics include average days on the market, units sold, average sold above asking price and more…..If you have any questions about the Las Vegas Real Estate Market call me direct Makea Turner with Realty One Group (702) 542-1883
Units Sold:

http://myrog.com/images/stat-graphs/units-sold-1209.png

Average Days On The Market:

http://myrog.com/images/stat-graphs/days-on-market-1209.png

Sales By Volume:

http://myrog.com/images/stat-graphs/sales-by-vol-1209.png

Average Price:

http://myrog.com/images/stat-graphs/average-price-1209.png

Average Sold To Asking Ratio:

http://myrog.com/images/stat-graphs/sold-to-asked-1209.png

Homes Sold At 100% Or More:

http://myrog.com/images/stat-graphs/100-percent-plus-1209.png

Sky Las Vegas Luxury High Rise Condominiums

realtor99 — Thu, 27 Aug 2009 23:59:32 +0000

Las Vegas High Rise Condos are now more affordable than ever before. Sky Las Vegas is one of the premier High Rise Condo developments here in Las Vegas. Many savvy High Rise Condo buyers have recently hit the Las Vegas Real Estate scene with one thing in mind and that is buying as many Las Vegas High Rise Condos as possible.

To view the full article visit www.highrise99lv.blogspot.com

Las Vegas Inventory Update August 7 2009

realtor99 — Fri, 07 Aug 2009 23:36:39 +0000

Combined SFR + CONDO/TH
Available – 11,735 (-146 , Last Week 11,881)
Under Contract – 13,260 (-177 , Last Week 13,437)
Days of Supply – 27 (+0 , Last Week 27)
Short Sales – 11,838 (+85 , Last Week 11,753

To view to view the full report visit http://lasvegasrealestatemt.blogspot.com/2009/08/las-vegas-real-estate-inventory-update.html

Just In Check Out This Article About Las Vegas Homes For Sale

realtor99 — Sat, 01 Aug 2009 00:59:39 +0000

Las Vegas Distressed Homes Catch Investors Eyes
Today I read an article posted on The Las Vegas Sun titled ” Single Family Homes Catch Investors Eyes” Las Vegas Investors have been snatching up bargain properties left and right filing there Real Estate portfolio with NEW and resale cash flow properties. Las Vegas Investor purchased properties made up 37.4% of buyers in the Las Vegas Real Estate Market for the month of June 2009. Las Vegas Has not seen numbers like this since June 2004 with 39.4 percent of Investors in the Las Vegas Market and Feb 2006 where investors made up 37.6 percent of Las Vegas Home buyers in one month .

Investors are offering very aggressively on these properties and are out bidding other buyers in the market for Distressed Las Vegas Homes. Many properties are being put under contract within days of hitting the market. In many cases theses homes are getting multiple offers in on them and even selling for more then list price. In my opinion its still a Great time to buy and yes there are still many homes priced at a bargain here in Las Vegas. Here are a few tips for any one in the market Distressed Las Vegas Real Estate.

* Educate your self on current Las Vegas Real Estate Market conditions
* Remember list price does mean that the property will sale for this price always request to see comps before offering on the property and offer accordingly
* You are competing with aggressive buyers always put your best foot forward or you may find your self missing out on home after home
* Be Aware of unexpected closing cost (call me to find out more)
* Remember that having the right representation makes all the difference

To read this full article posted on lasVegasSun.com CLICK HERE
For access to the latest Las Vegas Real Estate Market update by zip code CLICK HERE
Visit My website CLICK HERE

If you or anyone you know is interested in purchasing a Las Vegas Home for an investment, second home, vacation home or first time home buyer call me for a free list of available properties, questions, comments or a free consultation.

Makea Turner REALTOR with Realty One Group (702) 542-1883

Just In Las Vegas Condo Inventory Report 7-29-2009

realtor99 — Thu, 30 Jul 2009 23:47:39 +0000

This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors). For the week of July 29, 2009, data is obtained from the Greater Las Vegas Association of Realtors MLS.

To view the full Inventory Report CLICK HERE

Available – 2,874 (-21 , Last Week 2,895
Under Contract – 2,549 (+42 , Last Week 2,507
Days of Supply – 34 (-1 , Last Week 35
Short Sales – 2,478 (+32 , Last Week 2,446

For More Information on Las Vegas Real Estate contact Makea Turner REALTOR, Certified Short-Sale Professional With Realty One Group (702) 542-1883 or you can email me TurnerMakea@cox.net You can also visit my website http://www.BuyOrSellLasVegasForeclosures.com
http:www.TheView99lv.com

New Video-MGM City Center News-Station Casino Gets Offer From Boyd Gaming

realtor99 — Wed, 18 Mar 2009 23:25:52 +0000

MGM’s multi billion dollar development City Center has had it’s name in the news allot this year and we are just getting started. MGM is still trying to locate it’s final billion dollars to complete the massive development which will offer residential High Rise Condos, a Casino Resort with 4k rooms, world renowned shopping and dinning. MGM has definitely set the standard for the years to come with this enormous development. Below you will find a news clip of the latest developments from MGM’s City Center development and also an insight to the offer made by Boyd Gaming to purchase some of Station Casinos properties. The offer made by Boyd is not a surprise even though Boyd has had to stall it’s own multi billion dollar development on the strip called Echelon. The local High Rise Condo market is awaiting the opening of MGM’s City Center project at the end of this year. We are curious to see how many of their High Rise Condos will actually close escrow considering our current economic conditions. Enjoy the video and continue to visit this blog for all the latest news and information about the Las Vegas High Rise Condo market.

CLICK HERE TO VIEW THE VIDEO

The Latest Las Vegas High Rise Condo #’s

realtor99 — Fri, 06 Mar 2009 22:45:10 +0000

Since January 1st the Las Vegas High Rise Condo market has had 20 re-sale transactions. Half of those sales were in developments that are strictly residential and the other half were from Condo Hotel developments like MGM’s Signature Towers. The new year has brought many challenges for our city to over come. Foreclosures have swept the valley leaving no community untouched. As previously reported there has been an increase in Bank Repossessions in our High Rise Condo market which in turn has made prices drop significantly making it an awesome time to purchase. Out of the ten strictly residential High Rise Condo re-sales 7 were bank owned properties which had an average Days On Market of 90 days. The 10 Condo Hotel re-sales that were recorded had 7 Bank Repossessions as well with an average Days On Market of 51 days.

These numbers may not seem like the best in the world considering the amount of inventory that is currently for sale on the High Rise Condo re-sale market. One thing that I can say I see happening in the near future is that a wave of Bank Owned High Rise Condos will hit the market with prices that will be close to the prices that we are seeing REO High Rise Condos listed & selling at currently. Some may say that prices will continue to drop even lower in the next couple of months but I feel that we should see a huge increase in interest in our High Rise Condo market which will bring back the demand for these types of properties meaning that prices will start to rise. I can not speculate on a specific time frame of when the demand and prices will start to rise but from my professional view point I can say that interest is rising while more and more REO High Rise Condos come on the market with prices that can’t be ignored.

The down side to buying a REO High Rise Condo here in Las Vegas is that you run the risk of not having the best view. Yes Bank Owned High Rise Condos are allot more affordable than traditional High Rise Condo re-sale unites but if you want a certain view or specific unite style you may come up short with a Bank Owned High Rise Condo due to that fact that the REO High Rise inventory is substantially less than traditional re-sale High Rise Condos. Unlike the single family housing sector here in Las Vegas Bank Owned High Rise Condos do not surpass the traditional sales on the re-sale market. Thats the latest Las Vegas High Rise Condo news for you so learn and enjoy.

Las Vegas M-Resort Opening-New Video

realtor99 — Wed, 04 Mar 2009 01:54:10 +0000

Las Vegas M-Resort Opening-New Video
A brand new luxury resort is opening it’s doors during the worst economic crisis this country has seen in decades. First Aliante Station then Encore now M-Resort by Anthony Marnell. The M-Resort is strategically located on the far south strip at St Rose & Las Vegas Blvd on 90 acres. It will be interesting to see how this casino performs in it’s first year of operation considering the horrific economic condition this nation is in. I am sure if the M-Resort can survive it’s opening year they should be just fine in the future and the same goes for the rest of the resorts that were opened in this time period in history. Check out the video below to see the M-Resort and hear what they’re plans are for this luxurious Casino Resort on the Las Vegas Strip.

CLICK HERE to view Video

Las Vegas Bank Owned Condos Under $50,000

realtor99 — Wed, 21 Jan 2009 20:20:58 +0000

Las Vegas Bank Owned Condos Under $50,000

Are you in the market looking for an Investment Property for sale here in Las Vegas? There are deals out there too be found. I picked out the best deals on condos for sale here in Las Vegas under $50,000. Some of these properties are move in ready and other’s need minor repairs.

Here is a link to view the best of the best condo deals Las Vegas has to offer. CLICK HERE to view the listings. Some of the condos will make great income properties. If you find a property that interest you call or email me and I will send you additional information on the property at your request.

Call Makea Turner of The Goad Team for more information on Buying Bank Owned or Short Sale Properties. The Goad Team has a 90% success rate at getting our Short Sales closed so If you are in the market looking for a deal call The Goad Team of Century 21 Infinity for all of your Las Vegas Real Estate needs. (702) 542-1883

Visit www.BuyorSellLasVegasForeclosures.com or visit www.GoadTeam.com to search our inventory of homes for sale, virtual tours, Tips for buying and selling and so much more