Dolce (Las Vegas, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Area Real Estate Market Watch was created for informational purposes only.  This is for all the buyers wondering "where is the inventory"?  The inventory is here, this graph shows that buyer interest is extremely high and gobbling up all that new inventory coming online! This is also for people saying "shadow inventory exists"!  Well I believe it exists but it also exists in short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spring. These are Listing/Under Contract & Pending/Sold Trends from December 2007-March 2010. I do expect a frenzy of pendings & closes as the tax credits for first time buyers comes to a contracted halt at the end of April. Pendings have also begun their traditional "spring" rise.  Let the closings begin!
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By Jacqulyn Richey, Las Vegas Real Estate
(Prominent Realty Group)
Despite a cooling of the housing market in Las Vegas, the condo conversion rate is still going strong. At one time, the city council was actually considering a six month moratorium for any new condo conversions because of the lack of rental apartments.  Sales have started to decline, despite that many more projects are still being announced. Las Vegas condo communities are starting to raise the stakes by offering better amenities than their predecessors.  Residents that live in the Dolce condo community, have access to both an indoor and outdoor swimming pool, a state of the art fitness center and a sauna and steam facility.  Interiors feature stainless steel appliances, granite countertops, blinds and free premium cable television channels. I'm sure as the market changes free amenities...
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