Video Transcript: Rocketing prices in a strange Las Vegas real estate market

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Video Transcript: This is the video transcript of rocketing prices in a strange Las Vegas real estate market video, to see the post with embedded video please click here Before we discuss the Las Vegas real estate market for June 2017 here are some mind-boggling homes, condos, and townhomes median price appreciation since January 2016 and January 2017. [table id=46 /] The median price of Las Vegas homes is up by 15.2% from January 2016 and 6.4% from January 2017. But when it comes to townhomes their median price has appreciated by 23.3% from January 2016 and 13.5% in the past 5 months. The median price of Las Vegas condos is up by an eye-popping 30% from January 2016 and 19% since January this year. In the rest of this …

Video Transcript: Las Vegas high rise condos appreciation rates since recovery

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This is the video transcript of Las Vegas high rise condos appreciation rates since recovery-video To watch the video please click Las Vegas high rise condos appreciation rates since recovery-video In this video, we will talk about Las Vegas high rise condos median price appreciation rate since the recovery of 2011. This way we show how each individual tower has performed and the margins are wide, from 76.7% for the best appreciating tower to 11.3% for the two condo hotel projects. Given that past performance is the best measure of future performance, towers that have appreciated best so far will probably do better than those that have not. [table id=36 /] As we discussed in the overview of Las Vegas high rise condo market in 2017-video, the median price of high rise condos …

Video Transcript: Financing Mortgage for Las Vegas homes, condos or high-rise

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This is video transcript of financing Mortgage for Las Vegas homes, condos or high-rise video Click mortgage guide for Las Vegas homes, condos high-rise buyers, video to watch the video Financing a mortgage for Las Vegas homes, condos or high-rise condos after the offer is made is not only stupid, it has become very risky. This is due to recent changes in the Las Vegas Residential Purchase Agreement that require the buyer to set deadlines for appraisal and removing loan contingency which we discussed in the last video. Getting a great real estate deal is comprised of two equally important parts 1: Getting a great deal on the Las Vegas home, condo or high-rise condo 2: Getting a great deal on the mortgage loan The best possible real estate deal …

Video transcript: How to make winning offers on Las Vegas homes, condos, high-rise

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This is the video transcript of how to make winning offers on Las Vegas homes, condos, high-rise Click here to watch the video Needless to say, actions taken prior to making a good offer on  Las Vegas homes, condos or high-rise condominiums greatly influence how offers are written and their chances of success. In this video, we assume that the buyer has followed our advice about what to do before making an offer. Especially getting close to underwritten approved if the buyer plans to finance. In this video we will discuss: Let’s talk about who should put a value on a Las Vegas home, condo or high-rise condo As far as buyers are concerned, we must be clear that it is the buyer’s agent and not the listing Realtor that should …

Overview of Las Vegas high-rise condo market in 2017-Video

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Las Vegas high-rise condo market in 2017 is a buyer’s market In the Las Vegas high-rise condo market in 2017, we have decided to only include high-rise buildings that are taller than 12 stories. Greater Las Vegas Realtor Association mixes regular condominiums and high-rise condominium towers in their Las Vegas real estate market reports and provides one median price for all which is useless in both cases. We have tried to fix this by only discussing only the 21 true high rise projects.  You can find their name in the left column of our interactive Las Vegas high-rise and mid-rise luxury condominium map. True high-rise towers are shown with a star, City Center Veer Towers, Vadara and Residences in Mandarin Oriental Hotel are shown with tear drops and luxury mid-rise …

Video transcript: Overview of Las Vegas high-rise condo market in 2017

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This is video transcript of Overview of Las Vegas high-rise condo market in 2017 video In Overview of Las Vegas high-rise condo market in 2017 we discuss: 1: The active inventory of Las Vegas high-rise condos for sale listings in the MLS that are not under contract 2: Number of foreclosure and short sale high-rise condominium listings 3: Median sales prices of Las Vegas high rise condo towers from 2011 to 2016 4: Big discrepancy between median asking list and median sales prices 5: Why high-rise condos prices haven’t been increasing 6: Conclusion Please note that in order to separate true towers from mid-rise luxury condos in Las Vegas; we call buildings that are taller than 12 stories high-rise and shorter than 12 stories mid-rise. This market report is concerned …

Video Transcript of overview of Las Vegas high rise condo market 2016

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This is video transcript of Las Vegas high rise condos market 2016 Overview of Las Vegas high rise condo market 2016 In this video we will discuss: 1: Median sales prices and appreciation rates for all high rise condo towers in Las Vegas from 2012, which is when the market bottomed out, to 2015 in order to show you that price gains are not uniform at all. 2: The numbers of Las Vegas high rise condo towers that are listed in the Las Vegas MLS include short sales and foreclosures. All Las Vegas residential high rise condos and condo-hotel towers are included. 3: Sales statistics for all units sold in 2015, including foreclosures and short sales. 4: Provide an overview of Las Vegas high rise condo market in 2016. In …

Las Vegas high rise condo market 2016-Las Vegas real estate

Masoud Saberzadeh Las Vegas high rise condos blogs, Las Vegas Real Estate Market Analysis Blogs 1 Comment

Las Vegas high Rise condo market started to recover in 2012 and prices started to appreciate. But not all high rise condos have appreciated the same. So, one can ask which high rise condos towers have done well or have failed miserably. To answer this we studied the median sales price of all high-rise and mid-rise condos that have been listed in Las Vegas MLS from 2012 through 2015 and then median sales prices in individual true high rise towers (higher than 11 floors) for the same period. When we talk about price gains, we mean the median sales price appreciation. Some high-rise towers have appreciated by more than 50% and others less than 5%, one, namely Trump Tower appreciated by 0% since 2012. Please find the Video Transcript of …

Interactive Las Vegas high rise and mid-rise condo map-Video

Masoud Saberzadeh Las Vegas high rise condos blogs 3 Comments

Las Vegas high rise condos and luxury condominiums locations on and off Las Vegas Strip The Las Vegas MLS mixes true Las Vegas high rise condo towers (taller than 12 floors) with mid-rise luxury condominium projects and puts them all in the highrise category. In fact, what all these have in common is a pool, spa, and some other resort amenities. Since we couldn’t find an interactive map that separates Las Vegas high-rise towers from luxury mid-rise condo projects we made one. True high rise condo towers are shown by a star icon, mid-rise condominium projects are shown by a diamond and Las Vegas MGM City Center condo towers are shown by an appropriate tear drop,  given what happened to them post real estate crash. Veer Towers, Residence at Mandarin …

Serious errors in GLVAR’S real estate market reports

Masoud Saberzadeh Las Vegas high rise condos blogs, Las Vegas Homes and Condos Blogs, Las Vegas Real Estate Market Analysis Blogs 1 Comment

Serious errors in how GLVAR calculates the median price of Las Vegas condos confuse Las Vegas real estate buyers and sellers The reason for interest in the Las Vegas real estate market reports is its effect on evaluating the market value of a home, condo or town-home. However, there are serious in GLVAR real estate market reports that are then quoted in news articles. The Greater Las Vegas Association of Realtors (GLVAR) real estate market report says that the median price of condos and town-homes has appreciated by 9.4% in 2014 but our calculations show zero appreciation for the past year. The reason is that the GLVAR mixes the Las Vegas high-rise condo sale prices with regular condos and town-homes which lead to large errors.  However we calculate our own median …