Nevada Real Estate >> Las Vegas Real Estate Specialist: December 2006

Las Vegas: Here we Grow Again - oh wait! We never stopped!

 Out with the old - in with the new! The state bird is the crane and not the feathered variety!

The Las Vegas Valley is running out of land so there is a new trend for housing (besides patio and apartment to condo conversions)

We are trending towards Vertical Living or "Manhattanization".

We are saying our bittersweet goodbyes to many "vintage properties" to be replaced by mega mega resorts. Not to be confused with mega resorts because those will soon be dwarfed! Vegas has done very well with anticipation of growth but I am a bit concerned about too much growth too quick at the present time.

We do have some issues with incoming transportation which leads to the next type of building we are seeing: Condotels or hybrid hotel/condos. This is the mega resort's answer to transferring some of the risk to private owners.

Another type of hybrid highrise we are seeing is the all-in-one type of property: work, shop, dine and live. They are also considered "mixed use" or "urban living". The District at Green Valley Ranch (listings - rentals) is one example. In my opinion the recent trend for these mixed use properties started with Turnberry Place (listings - rentals)

There have been many promised high rises that have not materialized. This site provides a good snapshot on what is proposed, under construction and completed.

It will be interesting to watch the skyline change and constantly reinvent itself as it always has!

All the Best,
Renee Burrows
Realtor®

Nevada Realty Solutions - Your Dream, Your Investment, You\'re Home!
8942 Spanish Ridge Avenue
Las Vegas, NV 89148
direct: 702-580-1783
fax: 702-995-8237
Renee@ReneeBurrows.com
http://www.ReneeBurrows.com

 


Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

Blog Disclaimer Important Notice

Realtor/MLS Member, NAR, NVAR, GLVARAccredited Buyer's RepresentativeSeller Representative SpecialistSenior Real Estate SpecialistAt Home with DiversityResort & Second Home Property SpecialistShort Sale Foreclosure Resource

 

 

 

Sell Las Vegas Home          Las Vegas Homes for Sale     Las Vegas Rental House

              

 

 

 

Comment balloon 5 commentsRenée Burrows • December 30 2006 04:07PM
Las Vegas: Here we Grow Again - oh wait! We never stopped!
share
Out with the old - in with the new! The state bird is the crane and not the feathered variety! The Las Vegas Valley is running out of land so there is a new trend for housing ( besides patio and apartment to condo conversions ) We are trending… more
An Open Letter To David Gibbons With Zillow
share
David Gibbons left this tidbit on an old blog of mine ( Zillow Beta Bites ): I have read Christine's post. After reviewing the feedback of many thousands of Zillow users, I am convinced that consumers get it -- they understand that just like Kelly… more
Do Median and Average Sales Prices Mean Much in Your Market These…
share
Has new trends and products in your market thrown a wrench in Average and Median Prices? What I mean by this is that Las Vegas has several new trends in their resale market: condo conversions and patio homes. The highrises have not yet had an… more
Have you Been "Slammed" on Your Cell Bill? Grass Roots…
share
Remember the days of long distance "slamming". A long distance company would call you and switch your service to their expensive service? Well, the crooks have gotten creative. Now they are slamming our cell bills with data services that… more
Foxy Woxy: Are We Beginning to See the Makings of a "Bubble…
share
Get a piece of chewing gum - no make that two or three pieces. I want to effectively demonstrate what a bubble implosion is. OK - chew, chew, chew. Blow the biggest bubble until it explodes. OK, good: that is what the media is describing in regards… more
The Disparity Between Renting & Buying in Las Vegas
share
There is a huge disparity between renting and a mortgage payment in Las Vegas. Las Vegas did not have this disparity until our 2004 "boom". Let me give a couple of examples on what is happening in our rental market. When we moved into our… more
The Early Bird Gets The Worm!
share
Las Vegas, NV Forecast Center Tuesday, December 19, 2006 [ English | Metric ] Currently At 5:37AM [ More ] 32°F RealFeel® 35°F Winds: CLM at 0mph Lgt. snow/fog Humidity: 100% Dew Point: 32° F Pressure: 30. 17 in Visibility: 2 Miles Did you know… more
Skip the Strip Part 2: Shop 'til You Drop
share
Part 2 in a series of blogs about off strip life in Las Vegas, Nevada. Many people don't even realize that beyond the strip lies vast culture, history and beauty in the city and desert that surrounds the Las Vegas Strip (Gambling District). … more
Sometimes the Finer Things in Life Do Not Come Gift Wrapped in Little…
share
I am the oldest of my parent's four children. I have a brother, 13 months younger than me and two sisters 12 & 15 years younger than me. I have the most bizarre relationship with them stuck somewhere between their sissy and their mommy - which I… more
Skip the Strip Part 1: For the Outdoor Enthusiast
share
This is the first of a series of off Las Vegas Boulevard (The Strip) activities inspired by Jeff Belonger's Philly Blogs. Many people don't even realize that beyond the strip lies vast culture, history and beauty in the city and desert that… more
New Middle School Near Rhodes Ranch
share
Wilbur & Theresa Faiss Middle School is expected to open August 2007. The new middle school is located at the cross streets of Fort Apache & Maule. This picture was taken from my balcony on December 11, 2006: When you drive along the north… more
Why Would I Want to Move to the Desert? There is No Water!
share
I hear that concern from outsiders all of the time. I saw the question being asked in a blog written by Jay and Francy Thompson Actually this is a myth. There is an abundance of water in the barren Nevada desert ground in the form of aquifers… more
Rhodes Family Park on Clark County, Nevada Parks & Recreation…
share
The much anticipated Rhodes Family Park is finally on the drawing board at Clark County, Nevada Parks and Recreation Planning Division! The 27 acre park will be between El Capitan -> Quarterhorse & Arby -> Maule. The park will feature the… more
WOW! WOW! WOW! Only 945 Residential Building Permits Pulled in Las…
share
Down the 6th month in a row and this is a 12 PLUS year low This is INCREDIBLE news for our resale market! Let's just hope economic conditions & interest rates remain fairly stable. Search for your new construction home and get… more
Salestraq Training for Las Vegas Realtors
share
Salestraq is an exceptional new home search tool! It is available in Las Vegas, NV, Palm Springs, CA, Albuquerque, NM and Phoenix, AZ. It is definitely the MLS for new construction. It contains floor plans, contact information for models… more
Owner Occupied Nevada Residents: Take Advantage of the Homestead…
share
Nevada state legislation ( NRS 115 ) protects your property's equity up to $350, 000 against a writ of execution (forced sale) from certain judgments such as: unpaid medical bills, credit card debts and accidents. The website states it protects… more