After increasing for several months, the number of homes listed for sale in Southern Nevada is beginning to come down. The inventory of Las Vegas Resale Homes on the market appears to have peaked, which is a good sign for the local housing market. The same can be said for the continued steady sales prices for single family homes. Statistics show that sales prices for local homes have remained stable for the past 13 months.

For months we’ve been requesting to our sellers that “they should be realistic in pricing their homes for sale.” With another month with a drop in the number of active listings, it looks like the message has taken hold. Sellers who may just be speculating are either removing their homes from consideration or renting them out, which is positive.

In the months of November, December, and through mid January, the statistics for the Las Vegas Resale Homes market are as follows:

November: 

Single Family Residential (SFR):

                    Listed For Sale = 19,726      Sold = 1,547

December:

Single Family Rresidential (SFR):

                    Listed For Sale = 17,834     Sold = 372

Projections through mid January show the number of Las Vegas Resale Homes listed for sale to increase but, the number of sold units to increase as well. Historically, as the weather begins to turn from winter to spring, as well as schools beginning to wrap up their current year, the Las Vegas Real Estate market begins to get more active.

In North Las Vegas, this brand new master planned community has a mission to deliver 16,000 new homes in a desert environment, surrounded by some of the most scenic mountain views in the entire Las Vegas valley.

On January 3rd groundbreaking on the Park Highlands Community took place. The 2,675 acre development, will celebrate its grand opening this fall, will be the largest master planned community in the valley’s north.

Following in the footsteps of the Southern Highlands master planned community, Park Highlands will be distinguished by decorative streetscapes, meandering sidewalks, decorative medians, neighborhood shops and expansive green areas. There will be no golf course but, there will be a record number of parks and recreational areas totaling some 425 acres. There will also be a 40 acre regional sports park and 9 neighborhood parks, including baseball fields, football fields, soccer fields and volleyball.

Builders are being kept to a small contingent selected by the quality of their work. American West Homes, Astoria Homes, D.R. Horton and Standard Pacific Homes are expected to be on the list of selected builders.

This development will be a huge economic boost to the City of North Las Vegas. An investment of $1 billion brought into the community means growth, that means jobs, that means economic opportunity.

Park Highlands expects to receive its first residents in 2008. The community will open 5 elementary schools, 1 middle school, 1 police substation, 1 fire station, a post office and a public library.

Park Highlands is located 20 minutes north of the Las Vegas strip near Aliante Parkway and Interstate 215.

In North Las Vegas, this brand new master planned community has a mission to deliver 16,000 new homes in a desert environment, surrounded by some of the most scenic mountain views in the entire Las Vegas valley.

On January 3rd groundbreaking on the Park Highlands Community took place. The 2,675 acre development, will celebrate its grand opening this fall, will be the largest master planned community in the valley’s north.

Following in the footsteps of the Southern Highlands master planned community, Park Highlands will be distinguished by decorative streetscapes, meandering sidewalks, decorative medians, neighborhood shops and expansive green areas. There will be no golf course but, there will be a record number of parks and recreational areas totaling some 425 acres. There will also be a 40 acre regional sports park and 9 neighborhood parks, including baseball fields, football fields, soccer fields and volleyball.

Builders are being kept to a small contingent selected by the quality of their work. American West Homes, Astoria Homes, D.R. Horton and Standard Pacific Homes are expected to be on the list of selected builders.

This development will be a huge economic boost to the City of North Las Vegas. An investment of $1 billion brought into the community means growth, that means jobs, that means economic opportunity.

Park Highlands expects to receive its first residents in 2008. The community will open 5 elementary schools, 1 middle school, 1 police substation, 1 fire station, a post office and a public library.

Park Highlands is located 20 minutes north of the Las Vegas strip near Aliante Parkway and Interstate 215.

After 16 years of development, the master planned community of Summerlin is now home to an estimated 95,000 people. This number is about half of projected number of people expected to live in Summerlin when development is completed. The real estate in Summerlin Nevada is approximately 2/3 developed, and has about 7,500 acres remaining to develop. The community spans over 36 square miles of the western rim of the Las Vegas Valley.

The grand opening of the Red Rock Casino Resort & Spa was the biggest highlight in 2006, in addition to the develpment of several major community parks. Also, the opening of 8 new neighborhoods and the sellout of another 10 subdivisions.

Residents enjoy having immediate access to such an impressive and world-class offering of entertainment and dining right in their own backyard.

Early development plans for the Shoppes at Summerlin Centre to have 1.5 million square foot retail center.

The communities recreational offerings expanded with the completion of the 12.5 acre Paseos Park, which features soccer and tee ball fields, sand volleyball, basketball, childrens play area, picnic pavilions and open turf areas.

Construction also began in 2006 on two other major parks. The Vistas and Mesa Park. Both of these are nearly 20 acres in size with The Vistas to be home of the communities first football field.

The new year will also bring the opening of Bishop Gorman High School. A magnificent 35 acre campus within The Mesa Village. The private Catholic school is scheduled for opening in the second quarter of 2007.

In the Ridges, more than 50 custom home sites have been sold in 6 custom neighborhoods. These neighborhoods are located around the west end of Desert Inn Drive surrounding the, Bears Best of Las Vegas.

Featured in a gated community in Henderson, NV the Fairbrook community offers many different plans tailored to a families needs. From a single story 2,248 square foot plan to a three story 3,552 square foot plan, this community offers many different styles and looks. The builder, Pardee, gives home buyers many options that may include, formal living/dining, bonus rooms, dual walk in closets, master bedroom retreats, book loft, or a workshop. Exterior elevations are of Spanish, Tuscan and a Traditional design. Pardee has been building in the Henderson area for many years, including the communities of Seven Hills, Green Valley, Green Valley Ranch and MacDonald Highlands.