Although for sale inventories of existing homes in Las Vegas are elevated above the lows of last year, new homes remain a sought after option by many buyers. We have many buyers that have either recently closed on a home or have homes waiting to be built. Coinciding with this demand, incentives have been falling. Traffic levels have subsided generally, throughout the Valley but there are some home types that continue to receive a lot of interest. Single story homes with more than two garage bays have been gett... read more

IKEA’s Meatballs Are Coming to Town   By: Michael Sadler   Late 2015 early 2016 IKEA, world-renowned furniture retailer, will finally erect a store of its own in Las Vegas. This proposed IKEA store will be located on the Bruce Woodbury 215 Beltway near the Durango and Sunset exit. The closest one to Las Vegas is currently in West Covina, CA. The demand has been so great for an IKEA in Las Vegas, that there are companies that will go to California to pick up the furniture for you. In fact, IKEA w... read more

Class A multifamily continues to be one of the most favored asset classes both nationally and in Las Vegas. In some U.S cities, capitalization rates are as low as they have ever been, particularly in Tier 1 cities with asking cap rates in the 4% - 6% range.1  Clearly some investors believe that they can push rent growth further. One should be cautious of this approach since there is an incentive to add new supply, which has been constrained by recession era risk aversion by both developers and lenders. Neverth... read more

Pamela Anderson’s New Hubby, Rick Salomon purchase Luxury Las Vegas Estate Newly-wed-again couple joins other Hollywood celebrities who call Las Vegas home. A lavish and modern Las Vegas estate sold quietly, for an undisclosed amount, to film producer Rick Salomon and his wife, Canadian-born actress Pamela Anderson. Coldwell Banker Premier Realty (CBPR) Previews® International luxury specialist, Patricia Rios-Franzi showed Hollywood A-listers Anderson and Salomon several homes, and they fell in love... read more

Recently, the IMF warned that an International Housing Bubble was forming. Looking at Price-Rent ratios, some of the highest priced countries relative to rent were Canada, New Zealand, Norway and Belgium. The United States is fairing relatively better, largely since our gains were simply getting back some of the ground lost subsequent to the popping of our housing bubble. Some metros are noteworthy however. San Francisco has been on a tear, with massive increases in prices. While not at its 2006 peak. Accordin... read more