Las Vegas Luxury Real Estate & Investment: May 2008

New Home Sales Improve Slightly

According to a new Commerce Department servery, new home sales increased slightly for the month of April, 2008. Although this increase was the first for 5 consecutive months, compared to year before April was as much as 42% off.
The median sales price of new houses sold in April rose 9.1 percent compared with March to 246,100 dollars, marking the highest median price level since November of last year.
There are various reasons that can be attributed to this increase, including buyers prefer to shop for new home during warmer weather, and new home builders are offering many substantial discounts to attract buyers.

Labels: department of commerce, improvement, new homes

The Future Looks Bright

The most resilient sector of all is the luxury real estate market, where the city's abundant multi-millionaires continue to outbid each other, keeping prices on the rise. Prominent Las Vegas real estate agent, Cristine Lefkowitz explains, "People with money always have money, and they don't need financing."

"We do seem to get more than our share of high-profile and unique listings," Lefkowitz said. "This certainly adds an extra dimension to our practice. Whenever we get a new celebrity listing, potential buyers call from all over the world. They know that if they want to snap up a celebrity home, they have to act fast and not quibble about price."

Certainly, the celebrity factor is part of what keeps the luxury real estate market in Las Vegas vibrant. Between that and the general prosperity and optimism in the area, the future looks bright.

Labels: anthem country club, cristine lefkowitz, custom homes, las vegas, luxury real estate, seven hills

Las Vegas Country Club

Located in the exclusive Las Vegas Country Club and offering everything from 24 hour guard gated security and concierge services, a PGA golf course and valet parking, Regency Towers represents the new world of luxury Las Vegas living. Privacy, luxury and security within minutes of the world famous Las Vegas is something which has transformed life in the valley region of the Mojave desert.
For many years, living in Las Vegas was not really considered to be something that offered a lifestyle other than the bright lights of the big city buzz. Regency Towers, among others, has not only changed this, it has shown the vast possibilities for those who invest in luxury Las Vegas condos. Wide open golf courses give way to stunning views of the glittering city which, put simply, makes this a property worthy of headline status.

Labels: cristine lefkowitz, high rise, Las Vegas Country Club, Regency Towers

International Investors

The Certified International Property Specialist (CIPS) is a great designation that allows agents to network with 79 countries for investors from around the world. With the current state of the US Dollar, real estate investors are coming from around the world. Las Vegas has been in headlines both nationally and internationally, and with all of the world class entertainment, shopping and restaurants, it's easy to see why Las Vegas is a great place for people, both from the United States and internationally to invest today.

Labels: CIPS, cristine lefkowitz, las vegas, real estate investment