The absorption rate for Las Vegas Valley Area Short Sales is a strong seller's market. Since last month:  Active Listing Inventory has DECREASED by -80 units. Under Contract has DECREASED by -212 units. Sold units have INCREASED by +194 units. There are many reasons for the lack of closings in this market and it is outlined in this post. Short Sale Synopsis: Listings 3/15/2013: 575 Pending 3/15/2013: 9392 Closed February 2013: 1198 Short Sales Currently Account for: 14% of All Las Vegas Valley Listings 39% of All Las Vegas Valley Sales Read here for last month's report on Las Vegas Area Short Sales. Most Current Market Report For Short Sales Information About the Short Sale Process for Las Vegas Area Short Sale Buyers & Sellers What Areas Do You Cover for your Las Vegas Area Real Estat... 04/01/2013

The condos on the Las Vegas South Strip, such as Manhattan, Park Avenue, Loft 5, and Boca Raton, offer investors a good opportunity for rental properties with low vacancy rates and maximum cash flow.  The HOA dues for Manhattan and Park Avenue on a 2 bedroom condo are about $250 per month, and for Boca - being a concrete and steel building, higher.  Loft 5 HOA dues are about $300 per month, and the property taxes are lower than high rise luxury condos closer to the strip. Purchases at all of these south strip condos must be ALL CASH ONLY. ONE LAS VEGAS SWIMMING POOL BELOW   The SOUTH STRIP is the area that is about 3 miles south of Mandalay Bay and it is home to the great outdoor Turnberry Town Square Mall, as well as South Pointe Casino and the new & hip M Resort ( one of my fav's). SE... 08/24/2010

One Las Vegas is now comprised of two luxury towers situated a few miles south of Mandalay Bay on the south strip.  These towers were caught in the midst of the financing issues and loans dried up during the closing process leaving these towers with oodles of unsold inventory.  When Corus Bank, the construction lender became insolvent, Starwood has taken over the project and as of this week, has released units for sale. Take the ONE LAS VEGAS VIRTUAL TOUR Pool Area Below as Viewed from the Glass Balcony of a One Bedroom Unit HOA dues at this project are about 44 cents per square ft which includes cable and web access as well as a myriad of amenities including a sports lounge, lavish gym, tennis courts, concierge and so much more.  The nice thing about these luxury condominiums is the at... 02/10/2010