Park Avenue (Las Vegas, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Prices have flatlined after an 18 month period of steep appreciation. In June 2012, Las Vegas short sale home closings outpaced Las Vegas REO (bank owned) home closings for the first time since the Las Vegas real estate demise started in 2006. Our absorption rate continues to be in seller’s market mode with around 2 months of inventory which indicates a strong seller’s market. Equity sales began to outpace REO & short sales in Las Vegas in February 2013. The Las Vegas REO (foreclosures,( bank owned) sector remains a EXTREME seller’s market WITH LESS THAN 3 months of inventory & the Las Vegas Short Sale sector is also in an EXTREME seller’s market. Las Vegas Home Sales were strong with 3150 units sold in September 2013. Las Vegas Home  Pendings remain high due to short sales and the cha...
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas High Rise Rentals: 306 Listed 12/15/2010 13 Under Contract 13/15/2010 56 Leased November 2010 5.6 Months Inventory Low Leased Price:  $900/Month (Park Avenue) Median Leased Price:  $1663 (Veer Towers) High Leased Price:  $5850 (Panorama Towers) Las Vegas High Rise Resales: 490 Listed 12/15/2010 249 Under Contract 12/15/2010 59 Closed November 2010 8.3 Months Inventory Low List Price:  $56000 (Wimbledon Tennis Club) Median List Price:  $160000 (Trump Towers Las Vegas) High List Price:  $997000 (Mandarin Oriental in City Center) This Market is extremely volatile due to the boutique nature and lack of condominium financing.    Read last month's report here. This report is compiled by using data from the GLVAR MLS. Data is gathered by the "HIGH RISE" field. Information is deemed ...
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By June Stark, Las Vegas Condos & Luxury Homes Expert
(Elite Realty-Luxury Homes & Condos On & Off the Strip)
The Las Vegas South Strip Condos at Park Avenue are popular with investors and second home buyers and offer an alternative to strip high rises. HOA dues at these condos are about $ 260 per month which is quite a bit lower than the strip high rises.  The mid rises are built with wood and stucco rather than concrete and steel, so insurance costs, which is the largest portion of the hoa dues, are lower. These foreclosures at Park Avenue las Vegas sell rather quickly, often in a multiple offer situation.   To keep apprised of the foreclosure condo listings at Park Avenue - BookMark this link as listings are updated daily:   PARK AVENUE SOUTH STRIP FORECLOSURE LISTINGS   
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By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Welcome Home To South Las Vegas Condominium Community:  Park Avenue Condo!  Park Avenue is a guard gated condominium community developed in 2003 by Amland Builders.  Community Amenities include three swimming pools, state of the art fitness center, tennis court, spa and clubhouse. There are 851 condominum units in the Park Avenue complex.  The style is a contemporary 5 story midrise with one level units. Condos in Park Avenue range between a 786 sq foot 1 bedroom to an 1812 sq foot penthouse and include at least one deeded parking spot + open parking for visitors and guests.  Some units include a garage. Park Avenue Condos are conveniently located right off of Las Vegas Blvd (the "South Strip") Other amenities just minutes away:  I-15 and 215 Freeway Entrance Ramps, Belz Outlet Mall, R...
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By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Resale activity at Park Avenue Condos, a development in southwest Las Vegas, NV is down about 50% so far in 2007. Ten units closed in the first quarter, compared to 19 in the same period in 2006.Existing resale inventory of 76 condos (plus 3 with accepted offers) means there is nearly a two-year supply. With so much competition, it is crucial to price competitively and have the unit in its best showing condition. Park Avenue Condos are just off Las Vegas Boulevard, and are close to the South Strip and the I-15 freeway.Here are the details of the first quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date39 E Agate #30311652/2$355,000$345,000101/12/0727 E Agate #40511572/2$345,000$310,00011602/07/0771 E Agate #20811652/2$299,000$300,00039402/02/07 87 E Agate #30511552/2$...
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