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There’s been a great deal of uncertainty about where the luxury home market in Las Vegas is right now. Let’s clarify a few things about these luxury homes for sale Orange Michael Jordan Jersey , Las Vegas has so much to offer, so don’t make your decisions based on misinformation. From just five years ago the luxury homes for sale Las Vegas real estate market has improved significantly. It certainly is recovering; however, buyers are still in a much better position than sellers, who still have little or no equity in their homes.

Statistics for luxury homes for sale Las Vegas MLS says there were 488 home sales above the $500 Orange Renell Wren Jersey ,000 mark, with 52% conventional financing, 1% FHA financing, and 1% private financing Orange Ryan Finley Jersey , 2% owner carried financing, and 44% cash sales.

These numbers are significantly higher than the luxury homes for sale Las Vegas closings which were only 259 in 2009. That’s almost a 90% increase. This may be the result of the low costs that attracted a brand new market of buyers. Because of the prices on luxury homes for sale Las Vegas families are now finding themselves able to afford larger luxurious homes that were out of financial reach not so long ago. Even in the most desirable areas luxury homes for sale Las Vegas in areas such as the Ridges, Southern Highlands, and Summerlin are seeing a per square footage cost as low as $200.

Current Luxury Homes for Sale Las Vegas Selling Area

The current luxury homes for sale Las Vegas inventory is as follows. Currently there are 1264 luxury homes on the market Orange Germaine Pratt Jersey , with a median asking price of $700,000, which is currently 8% below the asking price.

You likely already are aware that the most important feature your home has to offer when you are selling is the location. If the luxury homes for sale Las Vegas areas is defined by the wealthiest parts of town, in Los Vegas that would have to be Summerlin. In fact Orange Drew Sample Jersey , it would lead by miles over other areas.

Summerlin is a community that is well thought out, and it is located on the west side of town, bordered by Tenaya and west of Freeway 215. You’ll find some of the best shopping, recreation Orange Jonah Williams Jersey , and views in all of Las Vegas in Summerlin. The Red Rock Canyon is an excellent desert getaway offering visitors all kinds of outside activity such as rock climbing and hiking.

As far as luxury homes for sale Las Vegas Summerlin properties make up about 48% of the luxury home sales for this year.

Green Valley is on the other side of town and comes in number two along with Anthem Hills, making up 29% of the luxury homes for sale Las Vegas. Green Valley residents are proud of their neighborhood and what it has to offer in the way of a unique experience.

Luxury Homes for Sale Las Vegas Future Market

Research indicates that Nevada remains among the leaders in the country in foreclosures, followed by Florida, Illinois Orange Joe Mixon Jersey , and Arizona. Current trends should continue with luxury homes for sale Las Vegas real estate market, and there is not indication that this will come to an end any times soon.




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