Browsing Posts From: Uncategorized

Del Webb Lake Las Vegas

April 1, 2019 Posted by: Millie Fine

PulteGroup will be developing a new age restricted community in Lake Las Vegas. 400 home will be built on 120 acres. It should have typical Del Webb amenities, proportional to the size of the community. The homes should range in size from 1,500 to 2,800 sq. ft. It is scheduled for opening Fall, 2019. I have no other specific information at this time. This community has not been announced by PulteGroup yet, but this information comes from three reliable sources. This is relatively big news, in that Del Webb and […]

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2018 Las Vegas Real Estate Wrap-up – Forecast for 2019

January 10, 2019 Posted by: Millie Fine

  The Las Vegas real estate market continued to accelerate through April, 2018 with price increases that exceeded any other metropolitan area nationally.  From May on, however, the market has been relatively flat.  New home construction increased. Approximately 10,000 homes were built in 2018.  That figure is high relative to the past few years.  Keep in mind though, that at its peak in 2006, over 35,000 homes were built. Also keep in mind that prices are really nowhere near the actual prices at the peak of this market, in July […]

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Las Vegas age restricted, 55+ report – May 2018

May 28, 2018 Posted by: Millie Fine

Monthly, I review the sales and inventory situation for most all of the many age restricted communities in the Las Vegas area. I have been somewhat surprised with what has happened over particularly the last few months. Along with reviewing pricing in the existing communities, I will try to give some insight into the respective pricing of the communities selling new. One factor, overall, in explaining the strong showing of many of the existing communities is price and affordability. Some of the older and more affordable communities have shown the […]

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Las Vegas Disposal Boundary – Are we running out of land?

February 21, 2018 Posted by: Millie Fine

Land available for development in and around the Las Vegas valley is limited. Prospective clients sometimes express a desire to live outside the greater metropolitan area. I suggest that they consider Las Vegas and the few surrounding areas of privately held land as “islands” in a “great sea” of government held land. The great majority of land surrounding the Las Vegas area is government owned. The Las Vegas disposal boundary is, in fact, a congressionally designated boundary outside of which, no conventional development can occur.  We here, inside the Las […]

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2017 Las Vegas real estate wrap-up

January 17, 2018 Posted by: Millie Fine

2017 was a strong year for real estate inside the Las Vegas valley, in all categories.  Free-standing home prices were up approximately 11% from the previous year.  Condos and townhomes are way up, over 20%. High-rise condos were flat, up around 2.6%. New residential construction is up, with around a 35% increase in building over the previous year. One of the biggest real estate stories for the year, apart from the strong market, was the closings of several golf courses throughout the valley and the subsequent impact on real estate […]

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Las Vegas Guard Gated – 50 Shades of Grey

September 25, 2017 Posted by: Millie Fine

Many of my clients, particularly the out state folks, list as a requirement a guard gated community when searching for a home. Scores of communities in this area have guard gates but all are not equal in terms of the protection these gates provide. Some communities have a 24 hour guard gate with no other access. Anthem Country Club would be an example of such a community. Many guard gated communities, however, have both guard gates as well as electronic gates. These are generally less secure. Best example I can […]

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Another One Bites The Dust!!

July 5, 2017 Posted by: Millie Fine

Legacy golf course in Henderson is now closed. The Review Journal headline was “future unknown”. Well, the entity that purchased it, immediately closed it. Not good for the homeowners and even renters in the area. Just look at the names of some of the residential streets surrounding this course, Troon, Augusta, Spyglass and Inveraray.  Look even at the apartment names, The “Invitational Apartments” and “Fairways on the Green. This golf course is surrounded by developments with many homes and apartments directly impacted by its closing. It does not take a […]

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Las Vegas age restricted/ senior communities update

June 14, 2017 Posted by: Millie Fine

This is about mid-year and I do have some observations with respect to the local age restricted communities. Valley-wide, age restricted and otherwise, inventories are down and prices are up. Particularly inventories, both in the larger as well as smaller communities. 2 new age restricted communities have established themselves, Heritage at Cadence and Regency at Summerlin. I do monthly updates on the more established age restricted communities, both large and small, and it has really been years since I have observed inventories this low, especially this time of year. Some […]

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Las Vegas Real Estate – Year End Wrap-up

January 2, 2017 Posted by: Millie Fine

Year End Las Vegas Real Estate Wrap Up The best way, in my opinion, to characterize the 2016 Las Vegas real estate market would be as uneventful  Free-standing median home sales prices increased only 1.3% from December 2015 to December 2016. The median sales price for December 2016 was $235,000. For me, how flat this market has been is the surprise. If I took a 3 months rolling average comparing sales prices for the last 3 months of 2015 with 2016, the increase would be slightly better, but not much. […]

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Another Las Vegas area golf course potentially closing

August 7, 2016 Posted by: Millie Fine

Another golf course potential closing affecting nearby homes. Looks like the Badlands golf course may be closing down. The full extent of how this will affect properties adjacent to the course or those homes who’s views are affected is at yet unknown to me. Residents of Queensridge are understandably concerned. What limited information I have at this point is that the eastern most area of the present golf course will be developed for homes. This is the third example I can think of where something similar has come to pass […]

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Recent Articles

Del Webb Lake Las Vegas

April 1, 2019 Posted by: Millie Fine

PulteGroup will be developing a new age restricted community in Lake Las Vegas. 400 home will be built on 120 acres. It should have typical Del Webb a... Read More

Posted In: Uncategorized

2018 Las Vegas Real Estate Wrap-up – Forecast for 2019

January 10, 2019 Posted by: Millie Fine

  The Las Vegas real estate market continued to accelerate through April, 2018 with price increases that exceeded any other metropolitan area nat... Read More

Posted In: Uncategorized

Las Vegas age restricted, 55+ report – May 2018

May 28, 2018 Posted by: Millie Fine

Monthly, I review the sales and inventory situation for most all of the many age restricted communities in the Las Vegas area. I have been somewhat su... Read More

Posted In: Uncategorized