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Las Vegas Real Estate Blog

Your Las Vegas real estate information source. The latest news, new construction, scandals, additions to the strip and other Las Vegas and related information.

Saturday, August 31, 2013

Back from my Sojourn

So its been a very long while since I've been back to post. Lot of things going on that took time away, most recently my baby sister getting married to a great guy (about time!) in California.

Downtown Las Vegas
Things here in Las Vegas have been changing as well. The spark of recovery is gradually gaining momentum. Tourism is still up again and the strip has been putting people back to work. A few notable projects have been finished over the last year and a half, the biggest two being the Cosmopolitan and the state's largest green project, CityCenter.

Despite a lot of road blocks with financing and some construction issues (with CityCenter), both projects were finally completed and open for business. Several other smaller projects around town have been bought up and are back under construction. The Summerlin village of the Mesa has brand new homes available now by three builders in the Amado community. With the completion of this community, the build out in the Mesa village will near completion, at least for the immediate future. Like the adjoining neighborhood of Ladera Terrace, all of the homes are built to meet/exceed Energy Star standards for energy efficiency.

On the other side of the valley, Mountain's Edge is still finishing its build out. The community of Talavera offers brand new homes by KB Homes. KB Homes has two other neighborhoods in Mountain's Edge, Chaco Canyon and Sterling Ridge. A few other master planned communities are still plodding along as well in other parts of the valley.

Meanwhile in the resale market, things are moving at a brisk pace. With the addition of the new law, foreclosures have slowed down considerably and investors have been very busy snapping up bargains. As a result, prices have been climbing back up again.

Hopefully construction in the valley will continue to improve. There are new projects ongoing but overall it isn't near what it should be. Thanks for stopping by.

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