Las Vegas and Henderson Homes and Real Estate

According to the Las Vegas Review Journal, in a study provided by the Federal Housing Finance Agency, Las Vegas real estate and Henderson real estate prices rose approximately 1.6% from the second quarter of 2009 to the second quarter of 2010.  This means that while many media sources are quick to point out that Las Vegas has fallen the hardest, it does appear that we are at the bottom, while many other markets nationwide remain to see dropping prices.  Based on the FHFA report of home prices in the largest 32 metro markets in the country, nearly 80% saw some drop in prices over the past year, while only a half dozen, including Las Vegas real estate prices and Henderson real estate showed a gain.

More interesting, Las Vegas remains the least expensive real estate market in the country in terms of median home prices, meaning two things.  1)  our market is undervalued, and 2)  now truly is a stable time to buy with home prices cleary stable over the past 12 months.

The complete article from the Las Vegas Review Journal can be found here:  http://www.lvrj.com/real_estate/average-home-prices-across-country-dip---las-vegas-up-slightly-102211284.html?ref=284

If you are interested in purchasing Las Vegas or Henderson homes, contact Michelle Natale today.

Spanish Trails is a high-end master-planned community located in Southwestern Las Vegas on Tropicana between Rainbow and Buffalo.  It was one of the first true guard gated golf communities in Las Vegas.  Today, there are over 1,200 homes in the community divided between 11 seperate neighborhoods.  Amenities include a fitness facility, tennis center, two pools and spas, and of course golf!  The community boasts 27 holes of a private, Robert Trent Jones course, which flows between the homes.  The course features several water features, expansive fairways, lush landscaping, and scenic views of the mountains beyond. 

Spanish Trails offers townhomes and semi-custom single family homes, ranging from $300,000 to over $1,000,000.  The community has recently be retrofitted for modernization of the core elements.  Several homes are also currently being modernized.  The communities location has become ideal for those who need to be near the Las Vegas Strip.  Spanish Trails represents some of the finest Las Vegas Real Estate around.

Sunridge Homes at MacDonald Ranch

Below are all homes available in Sunridge at MacDonald Ranch.

To tour one of these fine homes, contact Michelle Natale today!

Red Rock Canyon in Nevada is a national park bordering the Las Vegas Valley managed by the Bureau of Land Management as part of its National Landscape Conservation System, and protected as a National Conservation Area. It is located about 15 miles west of Las Vegas (just to the west of Summerlin), and is a natural backdrop for most of the west side of the valley. Some of the finest views in Las Vegas look over at Red Rock Canyon, and it is the only scene that is requested as much as "Strip Views".

The area is also one of the most visited areas around town and has some of the best hiking trails for outdoor going locals.  The conservation area also showcases a set of large red rock formations: a set of sandstone peaks and walls called the Keystone Thrust. The walls are up to 3,000 feet high, making them a popular rock climbing destination for the more adventurous. The highest point is La Madre Mountain, at 8,154 feet.

There is a one-way loop road, 13 miles long, provides vehicle access to many of the features in the area. The loop can be picked up from Charleston Blvd in Summerlin and circles back to Blue Diamond Highway on the Southwest Side of town.  Several side roads and parking areas allow access to many of the trails located in the area. A visitor center is located at the start of the loop road. The loop road is very popular for bicycle touring; it begins with a moderate climb, then is mostly downhill or flat.

Red Rock Canyon itself is a side-canyon accessible only by four-wheel-drive road off of the scenic loop. The unnamed but often visited valley cut through by State Route 159 is commonly, but incorrectly, referred to as Red Rock Canyon. The massive wall of rock called the Wilson Cliffs, or Keystone Thrust, can be seen to the west along this highway.

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