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Browsing Posts From: Uncategorized

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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Some age restricted community videos

July 9, 2016 Posted by: Millie Fine

We have been working on some Google Earth flyover videos for a few of the larger age restricted communities in this area. I have now four in all ranging from around 15 minutes to 25 minutes. Below are the links to the web pages on my site where they are embedded. Hope to cover a few more communities over the next few weeks. Sun City Summerlin. http://www.milliefine.com/sun-city-summerlin/ Sun City Anthem http://www.milliefine.com/sun-city-anthem/ Sun City MacDonald Ranch http://www.milliefine.com/sun-city-macdonaldranch/ Siena http://www.milliefine.com/siena/  

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Las Vegas real estate market at a glance

May 26, 2016 Posted by: Millie Fine

Below is what is called a Market Action Index and it is done by quartile. What it tries to do is to represent the market in terms of  a buyer or seller’s market. This algorithm looks at median prices, inventory, days on the market and a couple of other factors and comes up with a number. Anything above 30 is considered a sellers market and anything below 30 a buyer’s market. In addition, in the graph below the market is separated into quartiles with 3 of the 4 quartiles in […]

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What’s up with condos?

March 30, 2016 Posted by: Millie Fine

The construction of new condo developments in the area is virtually non-existent. There has been some finishing up of projects abandoned during the market downturn of a few years ago but no new construction to my knowledge. During the 1980’s and 1990’s this area was a hot bed of condo construction. Prior to the market downturn there was also a rash of apartment conversions. All this has ended rather dramatically. I think that construction defect lawsuits are most likely the major factor here. The condo community of “Elan” was the […]

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Las Vegas back to normal?

February 15, 2016 Posted by: Millie Fine

I just did the statistics for the Month of January home sales and the price increase over the last 12 months for free-standing homes was 5.8%. It is reflective of a downturn from December but it does remind me that, historically, over the last many years prices for homes have adjusted upward at a rate of around 5% a year. Perhaps we are back to that kind of stabilized market. As I have pointed out previously, there is still a large inventory of homes in the valley that are “underwater” […]

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The evolution of age-restricted home communities in the Las Vegas area

January 31, 2016 Posted by: Millie Fine

I went out to Heritage at Cadence, yesterday for their grand opening. My initial plan was to just give my first impression of this newest local age restricted option. Since that visit it has occurred to me that it may be helpful to also give some history as to local age restricted developments and how they have evolved over the years. The first, Beverly Green is a co-op and was built in 1956. Another small co-op, Casa Vegas Apartment Homes, was built in 1971 and then was followed in the […]

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Recent Articles

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 i... Read More

Posted In: Uncategorized

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, immed... Read More

Posted In: Uncategorized

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... Read More

Posted In: Uncategorized