LVRE.com » Las Vegas

Las Vegas

Wed, 06 Jul 2011 21:26:34 +0000

Showing properties 1 - 5 of 500+. See more city of Las Vegas real estate.
(all data current as of 2/6/2012)

$699,000 : 3430 Tanto Cr, Las Vegas

4 beds, 3 full baths

Home size: 4,008 sq ft

Lot size: 16,117 sq ft

Year built: 1987

Parking spots: 2

Days on market: 0

Walk Score®: 57
$525,000 : 821 Star Pine Dr, Las Vegas

4 beds, 2 full, 1 part baths

Home size: 3,114 sq ft

Lot size: 14,810 sq ft

Year built: 1999

Parking spots: 3

Days on market: 0

Walk Score®: 37
$399,900 : 2761 Tioga Pines Cr, Las Vegas

5 beds, 4 full, 2 part baths

Home size: 3,944 sq ft

Lot size: 20,908 sq ft

Year built: 2002

Parking spots: 3

Days on market: 0

Walk Score®: 40
$374,900 : 10644 Lago Sandia St, Las Vegas

3 beds, 2 full, 2 part baths

Home size: 3,073 sq ft

Lot size: 12,632 sq ft

Year built: 2004

Parking spots: 3

Days on market: 0

Walk Score®: 45
$255,999 : 7698 Villa Del Mar Av, Las Vegas

3 beds, 2 full, 1 part baths

Home size: 3,200 sq ft

Lot size: 12,632 sq ft

Year built: 2003

Parking spots: 3

Days on market: 0

Walk Score®: 28

Listing information deemed reliable but not guaranteed. Read full disclaimer.

The Springs

Tue, 30 Mar 2010 07:26:52 +0000

Showing properties 1 - 1 of 1. See more Spanish Trail - The Springs.
(all data current as of 2/6/2012)

$189,000 : 6928 Emerald Springs Ln, Las Vegas

2 beds, 1 full, 2 part baths

Home size: 1,636 sq ft

Lot size: 3,049 sq ft

Year built: 1988

Parking spots: 2

Days on market: 139

Walk Score®: 55

Listing information deemed reliable but not guaranteed. Read full disclaimer.

The Springs is on the east side of Las Vegas’s first prestigious guard-gated community Spanish Trail. This is one of the most beautifully landscaped parts of the community, with streams running through back yards, and some great communal space. This video gives you a sense of what an oasis it is from the hectic pace of the Strip, which is just 10 minutes away.

[View with PicLens]

Nevada Doubles Up on Apartment Debt

Tue, 16 Mar 2010 22:30:01 +0000

Apartment complexes in Nevada, including apartments in Northwest Las Vegas, are way behind on their loans: 25% of multifamily units that have been packaged as commercial mortgage-backed securities (CMBS) are in arrears. As with foreclosures Las Vegas is leading the nation, which averages 13% in arrears for apartment-backed CMBS.

With arrears running at double the national average many cash-rich investors have flocked to Las Vegas only to find that the distress is yet to translate into a flood of deal flow. Institutional money that chases apartment complexes of 100 units or more saw just 11 deals of that size in 2009, versus 17 in 2008 and 42 in 2007. It seems that banks are holding onto these assets and operating as landlords in the expectation that rents, and thus values, will rise. In established areas such as Summerlin, banks are even more reluctant sellers.

One market that is seem more trading are fourplexes, which saw 416 sold in 2009 versus 209 in 2008. The price per unit for complexes sold in Las Vegas was $40,300 in 2009 – a 44% decline on 2008. But with a 25% vacancy rate, and rents down by the same percentage the only way to generate decent yields right now is to buy below build cost, and these are terms that the current owners (banks in a lot of cases) continue to resist.