Latest 10 Blogs
Hi, it’s Lynn Stringer here, the real estate broker behind LuxeVegasLifestyles.com. As you may know, I sit out by the pool in my backyard and blog quite a bit. Today, I’m doing something DIFFERENT. I am creating a blog about my last ten posts. With the market ever changing, staying informed is key when you’re considering buying real estate. I hope these blogs help you understand the current trends, market updates, and a lot more. Let’s get started!
Four Seasons Begins Purchase And Sales Agreement Phase
Four Seasons Begins Purchase And Sales Agreement Phase
The Four Seasons Private Residences in Las Vegas is commencing a new phase of sales. This blog post discusses this exciting development and provides readers with an update on the current opportunities available in this prestigious property. It’s an exciting time for real estate investors as well as prospective homeowners looking to be part of the luxury lifestyle offered by Four Seasons.
- Commencement of new sales phase
- Investment opportunities in luxury property
- Keeping abreast with Four Seasons’ developments
Also Read: Four Seasons Begins Purchase And Sales Agreement Phase
The Las Vegas Median Home Price Increased In June 2023
The Las Vegas Median Home Price Has Increased Since May
The Las Vegas Valley witnessed a noticeable increase in the median home price in the first week of June 2023, according to the data reported in this blog post. Detailed comparisons are made between market data from the week of May 22nd and June 5th, illuminating trends in short sales, REOs, traditional sales, and active listings. Despite minor fluctuations, the market remains stable, and contrary to some speculations, shows no signs of an imminent crash.
- Median home price rose significantly
- Minor fluctuations but stable market
- Increase in traditional sales dominates
Also Read: The Las Vegas Median Home Price Has Increased Since May
Dragon Rock Inventory Update Compared To February 2023
In this blog post, the current inventory status at Dragon Rock is examined and compared to previous assessments from November 2022 and February 2023. Notably, as of June 3, 2023, there’s only one property available for sale on MLS. This property is under construction, slated for completion in Q4 2023, with a couple more expected to be available in the fall, according to the developer’s website. Additionally, the unique features of Dragon Rock and the renowned Blue Heron developers, who designed it, are highlighted.
- Only one property listed in Dragon Rock
- Property under construction, completion in Q4 2023
- Dragon Rock designed by acclaimed Blue Heron developers
Also Read: Dragon Rock Inventory Update Compared To February 2023
Post-Pandemic Real Estate: 2023 Las Vegas Market Breakdown
A comprehensive breakdown of the post-pandemic Las Vegas real estate market in 2023. After witnessing a market surge between 2021 and 2022, driven by factors like increased household formations, institutional investors, pandemic migration, and government policies, the market corrected in 2022 due to high inflation, supply chain issues, and rising interest rates. However, Q2 2023 sees stabilization in the market with more houses listed for sale, more choices for buyers, and a decrease in the single-family median resale price by 15-20%. Looking to the future, the author predicts that Las Vegas’ growth will continue, bolstered by major events like the Formula 1 Las Vegas Grand Prix and the 2024 Super Bowl.
- Post-pandemic stabilization of Las Vegas real estate market in Q2 2023
- More houses listed for sale and more choices for buyers
- Decrease in the single-family median resale price by 15-20%
- Continued growth in Las Vegas, driven by major events
Also Read: Post-Pandemic Real Estate: 2023 Las Vegas Market Breakdown
Comparing Early May Vegas Valley Real Estate Stats To May 22
An analytical comparison of real estate data from the Vegas Valley. The focus rests on May 2023, unveiling changes in market trends, active listings, and traditional sales. The blog also offers a retrospective glimpse into October 2022 to contrast the real estate landscape.
- Detailed overview of May 2023 real estate trends
- Fluctuations in active listings across the month
- Traditional sales continue their market dominance
- Examination of contract properties and median home price
- Backtracking to October 2022 for a comparative study
Also Read: Comparing Early May Vegas Valley Real Estate Stats To May 22
Why Don’t Las Vegas Homes Have Basements?
Why Don’t Las Vegas Homes Have Basements? Let’s Dig In
Answering the question of why basements are not a common feature in Las Vegas homes. The primary reasons for this include the presence of caliche – a hard, rock-like substance, the city’s risk of flash floods, and architectural traditions.
- Caliche makes basement construction challenging and expensive
- Flash floods pose risks to basement integrity
- Architectural tradition prefers one or two-story models without basements
- Despite caliche, pools are common as they require less excavation
Also Read: Why Don’t Las Vegas Homes Have Basements? Let’s Dig In
Real Estate Statistics For The Las Vegas Valley Remain On Pace With Last Week
Comparing Last Week’s Real Estate Statistics To This Week’s
A comparison of the latest real estate statistics in Las Vegas with the previous week’s data. The insights cover various aspects of the market, including active listings, short sales, REOs, traditional sales, and under contract properties.
- Active listings decreased slightly
- Minor drop in short sales
- Small rise in REO properties
- Traditional sales and under contract properties remained steady
- Median home price increased slightly
Also Read: Comparing Last Week’s Real Estate Statistics To This Week’s
Four Seasons Private Residences Las Vegas Officially Announced
The Four Seasons Private Residences Las Vegas project has been officially announced. Expected to open in 2026, this $1.3 billion project is a partnership between Four Seasons, Azure Resorts and Hotels, and Luxus Developments. It offers a variety of luxurious features and amenities.
- Four Seasons Private Residences Las Vegas project announced
- Partnership between Four Seasons, Azure Resorts, and Luxus Developments
- Offers 171 high-rise residences and six family-style villas
- Private chef services, wine cellars, outdoor kitchens and more among amenities
- Access to Dragon Ridge Country Club for condo owners
Also Read: Four Seasons Private Residences Las Vegas Officially Announced
The Basics Of Condo Insurance When Buying Real Estate In Vegas
Discover The Importance Of Condominium Insurance In Vegas
Condominium insurance, a specialized type of coverage for condo owners, offers various benefits not provided by homeowners association’s (HOA) master policy. This article discusses the basics of condo insurance, why it’s essential, and tips for choosing the right policy.
- Condo insurance covers personal property, interior features, and liability
- It fills gaps left by the HOA’s master policy
- Some events are not covered by standard condo insurance, such as natural disasters or neglect
- Condo insurance rates vary based on factors such as location and claim history
Also Read: Discover The Importance Of Condominium Insurance In Vegas
Do I Need A Home Inspection When Buying Real Estate In Vegas?
The advantages of getting a home inspection including discovering hidden problems and estimating future costs. The blog also covers the home inspection process, selecting a qualified inspector, and reviewing the inspection report. Additional inspection services such as radon testing, mold inspection, and pest inspection are mentioned as options for more in-depth analysis.
- Importance of home inspections in Las Vegas real estate buying process
- Advantages: uncover hidden problems, estimate future costs
- Home inspection process: selecting a qualified inspector, reviewing the report
- Additional inspection services: radon testing, mold inspection, pest inspection
Also Read: Do I Need A Home Inspection When Buying Real Estate In Vegas?
Want To Stay Informed? Keep Checking Back
The above blogs are designed to provide you with a clear understanding of the current real estate landscape in Las Vegas. Whether you’re looking to buy, sell, or simply keep up with the market trends, LUXE BLOG has got you covered. Also, if you have any questions or need further guidance, don’t hesitate to get in touch. I’m always here to assist you. I know this market very well and enjoy helping my clients understand it to its fullest.