Las Vegas Shows 86% Increase in Home Sales in One Year
Posted by Bruce Hiatt - May 10th, 2009
Las Vegas existing home sales just finished its 12th consecutive month of increasing existing home sales. (more…)
46 Percent of Las Vegas Luxury Resort Foreclosure Condos Under Contract
Posted by Bruce Hiatt - May 4th, 2009
46 percent of Las Vegas luxury foreclosure condos are under contract as of May 4, 2009. So the media would have you believe that 46 percent is a huge number but guess again. (more…)
Las Vegas Luxury High Rise Foreclosures Attract Foreign Buyers
Posted by Bruce Hiatt - April 20th, 2009
Las Vegas luxury high rise condo foreclosures continue to attract foreign cash buyers.
Luxury Realty Group has seen a significant increase in foreign cash buyers of foreclosure condos in recent weeks. Further, these foreign buyers are from countries not typically buyers of Las Vegas luxury foreclosure condos such as Switzerland and New Zealand.
The most sought after luxury foreclosure condos by foreign buyers are located in Sky Las Vegas, Turnberry Place and Turnberry Towers. Typical prices purchased approach 50 cents on the dollar of the original purchase price.
For the latest Las Vegas luxury condo foreclosures you can find such properties by specific high rise.
Contact Bruce Hiatt at (702) 456-7080 x201 for more foreclosure information.
Las Vegas Returns to 2002 Real Estate Prices
Posted by Bruce Hiatt - April 10th, 2009
In 2002, Las Vegas was considered one of the best buying opportunities for real estate. Home and some condo prices were in the $100,000 to $200,000 range and affordability was considered to be very good. Then came the recognition of how Las Vegas real estate was undervalued in comparison to California and what happened next is history. Now in 2009, Las Vegas real estate has once again rolled back to 2002 price levels according to John Restrepo of Restrepro Consulting Group. What does that mean for the buyer of Las Vegas real estate, especially Las Vegas luxury real estate? Opportunity knocks once again. (more…)
International Foreclosure Buyers Target Las Vegas High Rise Condos
Posted by Bruce Hiatt - March 22nd, 2009
I thought it was just Luxury Realty Group experiencing a sudden rise in international foreclosure buyers. What are these international foreclosure buyers targeting? Clearly Las Vegas luxury high rise foreclosure condos have been the international focal point over the past two weeks. (more…)
Fontainebleau Resort Las Vegas Gets Skinned
Posted by Bruce Hiatt - March 12th, 2009
Yep, just when you thought you heard it all now Fontainebleau Resort Las Vegas gets skinned. (more…)
3 Reasons to Buy Las Vegas Luxury Condo Foreclosures
Posted by Bruce Hiatt - March 10th, 2009
There’s no doubt Las Vegas has started its Spring real estate season with the number of luxury high rise condo foreclosure buyers contacting Luxury Realty Group. These buyers have discovered the 3 reasons to buy Las Vegas luxury high rise condo foreclosures now. (more…)
Luxury Realty Group Launches New Foreclosure Search Service
Posted by Bruce Hiatt - February 16th, 2009
With an increasing number of Las Vegas luxury homes and luxury high rise condos going into short sale or foreclosure status, Luxury Realty Group has created a new website just for those seeking such types of real estate. (more…)