Experience the Elegant Beauty of The Bellagio Fountain in Las Vegas

Things to do while exploring Las Vegas~ Bello Bellagio!!!

There are many things you can do in Las Vegas.  Many come to discover the city for many different reasons.  Some come to come to enjoy America’s adult playground.  Other come to indulge in the never ending selections of buffets through out the city. But most, come for the entertainment the city of lights offers every day. One of the most worldly famous attractions in Las Vegas now is the striking Bellagio Fountain outside the Bellagio Hotel.  People stare at lots of free shows outside the hotels, but there’s only one  worth going to: the Bellagio fountains. Every half-hour between 3 p.m. and 8  p.m., and every 15 minutes from then ’til midnight, an 8.5-acre lake in the  middle of the desert explodes with 1,214 spritzers shooting water up to 460 feet  in the air — the water rockets and dances, perfectly choreographed to Frank  Sinatra or Gene Kelly or “One Singular Sensation” from A Chorus Line.  Don’t forget to experience this tremendous show on the Las Vegas strip during your visit to Sin City!

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View the Hottest Henderson Nevada Homes For Sale

The Natale Group~Prudential Americana

Showing properties 1 - 7 of 500+. See more city of Henderson real estate.
(all data current as of 2/22/2012)

1. $725,000 : 765 Dibasio Ct, Henderson
   
   4 beds, 5 full, 1 part baths

   Home size: 4,781 sq ft

   Lot size: 11,761 sq ft

   Year built: 2007

   Parking spots: 3

   Days on market: 0
   
2. $385,000 : 2188 Dogwood Ranch Av, Henderson
   
   4 beds, 2 full baths

   Home size: 2,159 sq ft

   Lot size: 9,147 sq ft

   Year built: 2004

   Parking spots: 3

   Days on market: 0
   
3. $255,000 : 420 Via Sonador, Henderson
   
   3 beds, 2 full baths

   Home size: 2,414 sq ft

   Lot size: 10,890 sq ft

   Year built: 2002

   Parking spots: 3

   Days on market: 0
   
4. $264,000 : 2777 Struan Av, Henderson
   
   3 beds, 3 full baths

   Home size: 2,582 sq ft

   Lot size: 7,405 sq ft

   Year built: 2004

   Parking spots: 3

   Days on market: 0
   
5. $275,000 : 3044 Andretti Ln, Henderson
   
   5 beds, 3 full, 1 part baths

   Home size: 2,615 sq ft

   Lot size: 5,662 sq ft

   Year built: 2002

   Parking spots: 2

   Days on market: 0
   
6. $219,000 : 1176 Via Piazza, Henderson
   
   3 beds, 2 full, 1 part baths

   Home size: 2,239 sq ft

   Lot size: 2,178 sq ft

   Year built: 2008

   Parking spots: 2

   Days on market: 0
   
7. $234,900 : 2525 Flodden St, Henderson
   
   4 beds, 2 full, 1 part baths

   Home size: 2,639 sq ft

   Lot size: 5,227 sq ft

   Year built: 2005

   Parking spots: 2

   Days on market: 0
   

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

Buy Vegas Homes~Las Vegas Real Estate

Prudential Americana~The Natale Group Presents Buy Vegas Homes

The Natale Group, Las Vegas Real Estate

Thank you for visiting our website, we hope you find it to be resourceful for all your Las Vegas Real Estate needs. Buy Vegas Homes has been designed to provide you with all the insightful Las Vegas Real Estate, community information and most accurate Las Vegas homes and condos data for available properties.   The Natale Group is a dedicated group of Real Estate professionals affiliated with one of Las Vegas’ most prominently known Real Estate Firms, Prudential Americana.  We provide the most cutting edge technology making your Las Vegas home searching experience the most userfriendly and pleasent. We currenlty specialize in Henderson, North Las Vegas and Las Vegas but service the entire Las Vegas area.  Continue to visit our Las Vegas Blog and stay connected to the latest Las Vegas Real Estate, Las Vegas community, Las Vegas entertaiment and Las Vegas news and events.  Contact The Natale Group TODAY for any Las Vegas Real Estate or Community information.  WE ARE HERE TO ASSIST YOU!!! NO ONE KNOWS VEGAS BETTER THAN THE NATALE GROUP!

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Cheers,

Michelle Natale

New Henderson Homes Nearly Abandoned

Henderson Homes and Real Estate Information

New Henderson homes are being constructed amid abandoned developments on the other side of Gibson road in Henderson. Sets of unfinished structures sit in the other half of Gibson road. This was once what developers dreamed to be a place for modern houses and condominiums which broke ground in 2005. The property was supposed to go on the market and be for sale at a recent tax auction but it was pulled from the block at the very last minute.

The $160 million project sits empty today. Chicken wire thrust through unfinished exterior walls. Windows that weren’t finished are covered now by pieces of plywood. Lurking across the street is another set of unfinished structures. But these structures are not abandoned. Construction workers often visit the site which is bustling with activity. Three structures are believed to be a single family houses and soon families will visit them and perhaps purchase one of these Henderson homes.

Why should developers build homes when there is an existing stock that is so abundant and despicable and empty? In a city decimated by unemployment, new housing projects hope to build new reputation.

Real estate experts, developers and analysts say that there’s a demand for new homes. This project could help the economy to be alive again. Dennis Smith, a real estate analyst and the President of Home Builders Research, said that not everyone likes to purchase used houses. People are now looking at new Henderson homes at low prices.

KB and Ryland homes are also developing plots for approximately 200 single family homes. This project is the second and third developments in Henderson in the span of 3 years. The project is set to plot on Horizon Ridge Parkway and Gibson. At the same junction where the KB homes are being made up, another three plots have been approved for housing. Other developers and including KB and Ryland are planning to build the homes right after they are purchased and sold.

Michael Tassi, city Planning Manager said that the recovery is still far in hand although this projects signal economic renewal.

Meanwhile, Chris Thompson of RCI Engineering, the firm working on the KB and Ryland projects said, “These developers and homebuilders, their job is to build houses whether they sell quickly or slowly”, He also said that he don’t think anybody is just building houses these days without buyers lined up.

That only portrays the saying build-as-they-sell. If there are only 35 homes sold, then 35 homes will only be made. But housing analysts predicted that such a situation can’t be repeated with the developments are being constructed. Each month, roughly 300 to 400 new homes sell in the Las Vegas valley, resulting to a quarter of all home sales. Anticipation in many grows as a stronger market they foresee and they also believed that the market is better than it was last year.

Homemakers and builders are trying to identify and anticipate what the potential buyers might want. From bigger adjustment in closets spacing to fancier kitchens and office nooks standard features, and no dining rooms. Smart developers also anticipate the need to minimize or mainly to eliminate hard to repair foreclosures and as well as the stagnant short sales.

“With a foreclosure you don’t know what you are getting,” as said by Steve Bottfeld, a housing market analyst and the executive vice president of Marketing Solutions.

“Most neighborhoods that have one foreclosure have more than one foreclosure, so you have no idea what your neighborhood is going to look like in three or four years. People don’t buy new homes to rent. People buy new homes to live in.” he added.

There are approximately 16,000 homes that are up in the market in Las Vegas alone. Nevada was ranked as the highest rate of foreclosures for 52 months in the whole country. A ratio of 1:97, out of 97 houses, there would always be 1 that is in foreclosure. People are fast moving out than people who move in.

The KB Versante and Ryland’s Zephyr Ridge development houses are from 1,700 to 2,500 square feet, and selling from $180,000 starting price. The new neighborhood is seeing a positive future in years to come. But still, work on the abandoned Vantage lofts isn’t resuming as yet.

Las Vegas Homes and Real Estate Information

Las Vegas Homes For Sale

According to statistics that were released Monday by a research firm, sales of existingLas Vegas homesremain rapid amid declining prices while the new-home market is getting worse than ever.

The homebuilding industry would fall short of the 5, 438 closings that were reported in 2010 if the rate continues at 267 closings of new Las Vegas homesin April which puts it to the fourth month total at 1, 085 according to reports of SalesTraq.

In April, the 267closings are 44 percent lesser than April 2010. The new Las Vegas home market has stumbled since a federal tax credit expired effectively in April 2010.

The Las Vegas homes that are sold are smaller and are priced less. $189,099, the median price which is 7.5 percent lesser than April 2010. Per square foot, the price fell to a new low of $91.17, and is 12.4 percent lower than the $104.05 per square foot price in April 2010.

313 permits in April had the builders lose optimism about a recovery, 34 percent lesser than April 2010. 1,141 permits have been issued for the year, putting the region on track falling below the 3,776 which was issued in 2010.

The better prices Las Vegas home market and the weak economy has drawn individuals to those properties. Las Vegas documented 4,970 closings of existing houses in April which was 13.8 higher than that of April 2010. It only had lesser closings than March.

Earlier this month, there was a report that was released by the Greater Las Vegas Association of Realtors (GLVAR) that the sales of its listing being handled by realtors fell 9 percent between the months of March and April. At a later point, those will show up as closings.

The GLVAR doen not keep track sales not on its Multiple Listing Service.

SalesTraq reported that Las Vegas had 17,935 existing closings throughout the year for the first four months. The area is leaning towards surpassing the 51,124 closings in 2010.

In april, the median price of homes closed and fell again to $106,900 down from $108, 900 in March. The price is 14.5 percent lesser than April 2010′s $125,000 median price.

Per square foot, the average price of homes that closed in April was $70.08, down from March’s $70.24 per square foot and down 14 percent from April’s price of $81.15 percent.

Foreclosure properties closed in the existing home market for a median price of $105,000. The short sales closed for $120,000 and the traditional closed for $110,000.Las Vegas homes sold at auction went for $90, 100 median price.

1,833 homes were repossessed in April, according to SalesTraq, down from 2,097 in March. This year, so far, 6,476 homes have been repossessed. The region will surpass the 17,528 forclosures in 2010 based on that trend.

Las Vegas Foreclosures- The Past, Present and the Future

Everyone knows Nevada has lead the Nation in the number of  foreclosures over the past few years.

The question is: “What will the future hold for the Las Vegas market?”

Core Logic has reported that twenty percent (20%) of current Las Vegas homeowners are 90 days or more behind on their mortgage payments. Turns out to be a number of about 75,000 homes that are facing the foreclosure process. Some will correct themselves with loan modifications, some will result in short sales and the balance will end up being foreclosed upon by banks. When the banks take them back they will be re-listed in the MLS as Real Estate Owned, better known as REO property.

With this amount of inventory in the pipeline it is a good bet that prices will remain low for the next few years. With only about 20,000 foreclosures per year from 2008 to 2010, 75,000 more will keep the market on it’s current course for the next three to four years.

Looking at the numbers to the right, that were provided by Larry Murphy of SalesTraq, you will see there are close to 9,000 REO properties that are not currently listed in the MLS. This back-log of inventory puts even more pressure on the future of home values.

The Good News? Lower prices in Southern Nevada make it once again one of the most affordable and desirable locations in the Country. Baby-boomers just started to turn 65, there is more snow this year in cold climates than many can remember and elections are just around the corner.

All of this coupled with the pricing pressure should result in lots of buyer opportunity and action over the coming years.
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The Famous Las Vegas Strip

What Happens in the Las Vegas Strip, Stays on the Strip!

The first casino to start the Las Vegas Strip was on on Highway 91 and was called the Pair-o-Dice Club in 1931.   The first on what is currently The Strip however was called the El Rancho Vegas, opening on April 3, 1941, with 63 rooms. That hotel / casoino stood for almost 20 years before being destroyed by a fire in 1960. Its success spawned a second hotel on what would become The Las Vegas Strip, the “Hotel Last Frontier”, in 1942.

New York’s Bugsy Siegel then took interest in the growing gaming center leading to other resorts such as the Flamingo, which opened in 1946, and the Desert Inn, which opened in 1950. Each of these casino’s legacy is still remembered today as the cross streets for these hotels are now major roads dividing greater Las Vegas.

According to wikipedia:

“Several decades ago, Las Vegas Boulevard South was called Arrowhead Highway, or Los Angeles Highway. The Strip was reportedly named by Los Angeles police officer Guy McAfee, after his hometown’s Sunset Strip.”

Then, in 1968, Kirk Kerkorian, an on-the-rise millionaire from Los Angeles purchased the Flamingo and hired Sahara Hotels Vice President as President. The Flamingo was used to train future employees of the International Hotel, which was under construction and not yet open. The International Hotel opened in 1969 with 1,512 rooms, thus begginng the era of mega-resorts. To this point, no hotel in Las Vegas had been so large.  Today, the International is known as the Las Vegas Hilton.  Following shortly was the MGM Grand Hotel and Casino, also a Kerkorian property, opened in 1973 with 2,084 rooms. At the time, this was one of the largest hotels in the world by number of rooms.

Things really went to the next level on the Las Vegas Strip with the opening of The Mirage in 1989.  The Mirage set a new level to the Las Vegas experience, as smaller hotels and casinos made way for the larger billon-dollar mega-resorts. These huge facilities would come to offer entertainment and dining options, as well as gambling and lodging. With the rise of the mega-resorts, the emphasis shifted from a gambling centric experience, to an all in one resort style experience with park rides, shopping, dining, spas, and blockbuster shows.

In an effort to attract families in the 90′s, resorts offered more attractions geared toward a younger demographic, but had limited success. The MGM Grand opened in 1993 with Grand Adventures amusement park, but unfortunately the park was closed in 2000 due to lack of interest. Similarly, in 2003 Treasure Island closed its own video arcade and abandoned the previous pirate theme, adopting the new ti name as the adult theme came back into promimence.

In addition to the large hotels, casinos and resorts, The Strip is home to a few smaller casinos and other attractions, such as M&M World, Adventuredome and the Fashion Show Mall. Starting in the mid-1990s, the Strip became a popular New Year’s Eve celebration destination as to this day is one of the most visited New Years attractions boasting hundreds of thousands of visitors that night.

In 2004 with the conception of CityCenter by MGM Mirage the Mega-Resort design was again taken to another level.  CityCenter was completed in 2009 and openened in 2010.  The complex includes a 66-acre, $7 billion multi-use project on the site of the Boardwalk Hotel and adjoining land. It consists of multiple hotels, a large casino, condo homes, retail, art, business and other uses on the site. City Center is currently the largest such complex in the world.

Content Courtesy of Wikipedia, a publicly contributed information portal.  For more about Las Vegas, please visit Las Vegas’s complete wikipedia page at: http://en.wikipedia.org/wiki/Las_Vegas,_Nevada

Las Vegas Foreclosures

Las Vegas Foreclosures For Sale

Homebuyers are finding it increasingly difficult to purchase foreclosured properties in Las Vegas a recent article in the Wall Street Journal reports.

“Last summer you could make good margins,” said Mr. Premsrirut. At so-called trustee sales of homes in foreclosure cases, he could win with bids at around 70% of the estimated market value. Now, he says, with more bidders, homes are likely to go for 85% to 90% of resale value. After accounting for real-estate commissions, repairs and other costs, that leaves little margin for error.  (Source Wall Street Journal)

This is no suprise to many local real estate agents who have been frustrated with helping clients to buy either a primary or investment home over the past year or more.  The lack of foreclosure inventory that has come to market, along with the surging number investors both nationally and internationally, has made Las Vegas a very difficult market to compete.

Many also wonder if the so called “shadow inventory” of foreclosures will ever materialize, considering that these properties should have already been brought to market given the current shortage.

The relative short supply of foreclosures and bidding frenzy have created a very positive side effect for homebuyers in this market.  It is now perhaps a better deal to purchase aggressively priced non-foreclosure homes.  These properties in contract to the bank owned homes typically are kept in better shape and require less maintenance prior to move in.  Even if you get a foreclosed home for 10% below market value, most often that difference is swallowed up by the cost of cleaning and fixing the home from the abuse of departing tenants.

The key thing to remember when buying real estate today:  Foreclosures and Short-Sales Are Not the Best Deals in Las Vegas today!

Las Vegas Real Estate

The Las Vegas Hotel Real Estate Market Expands with New Growth!

New blood flows into developing the Las Vegas Strip.  Carl Icahn, the billionaire finacier who once bought and flipped the Stratosphere for a huge profit is investing in Las Vegas again.  He has purchased the assets at Fontainebleau for an unbelievably low $156.5 million, while the property is projected to have upwards of $2 billion dolllars into it.

The primary reason that this property was being offered for so low, was that some project Fountainebleau still needs another $1 billion or so to be completed.  This is the kind of capital that most banks won’t finance in today’s economy, but for a capital man like Carl Icahn, that sum is much more achievable through hard money lending.

Per Steve Monfort of Nasdaq.com:

“An investor seeking out some of the most depressed real estate in the nation would do well to turn to Las Vegas. According to Clear Capital, home prices in Las Vegas have dropped 63.7 percent since their peak. In 2009 – when many other large markets were beginning to show signs of life – property prices dropped 27.4 percent.”

Source:

By Steve Monfort
Nasdaq.com

More from Nasdaq.com…

Christmas Time in Las Vegas

LIGHTING OF THE ALL-NEW CHRISTMAS TREE AND SANTA’S ARRIVAL

Date:  Friday, November 27, 2009
Time:  5:00pm
Location:  Main Street

The District presents the All-New Christmas Walk – A Joyful Holiday Celebration! The holiday season officially begins with the lighting of the spectacular new Christmas Tree on Main Street, and the arrival of Santa! The new Christmas tree will tower more than 50 feet above the center of Main Street, and features 14,400 LED dancing lights that will perform to a variety of Christmas songs every evening. Santa Claus will arrive in grand fashion for the tree lighting spectacular, which will feature live holiday music, strolling characters, a gift for the kids, and a little Christmas magic from Santa to light the new tree. Following the tree lighting, Santa will be available for photos and meet and greet at The Courtyard.

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