Best Las Vegas Real Estate Deals for the week of March 2, 2008
The three the best valued homes I have found on the market this week are in Summerlin, in zip code 89138 & 89144. We have now reached 2003 home prices in some areas on some homes. Some homes are now available at prices less than what was paid for them in 2003. Buyers are starting to come out in larger numbers and are making offers on several homes. The better valued homes are not on the market more than a few days before offers are made (yes I said offers) and the property goes into escrow. In the past 10 days I have had two clients that I showed homes to that were available the night before and were in contract within 1 day. These properties had just come on the market within two days at a significantly reduced price or the price was reduced significantly within two days. If this trend continues this could mark the bottom of the Las Vegas real estate market.
For investors, I can provide you with a extensive, 5 page, investment analysis showing down payment, loan amount, cash flow and return on investment for any one of these properties for your review. Call me if you have any questions or would like to discuss this in greater detail.
Best Las Vegas & Summerlin Real Estate Deal #1
11709 Grotta Azzurra Ave., Las Vegas, Nevada 89138 MLS #771978
4 Bedrooms, 3 Bathrooms, 2 Car Garage, 2532 Square Feet
Built in 2003
Asking price is $320,000 or $126 per Square Foot.
This property is bank owned. The previous owners paid $540,000 for the property in November 2006. The bank bought the property back in October 2007. The bank was originally asking $374,900 and has reduced the price by $40,000 on February 8, 2008.
Best Las Vegas & Summerlin Real Estate Deal #2
11008 Cherrywell Ct., Las Vegas, Nevada 89144 MLS #793189
4 Bedrooms, 3 Bathrooms, 3 Car Garage, 4040 Square Feet
Built in 2001
Asking Price is $515,000 or $127 per Square Foot.
This property is bank owned. The previous owners paid $799,000 for the property in March of 2006. The bank bought the property back in November of 2007 for $610,000. The banks original asking price was $625,000 and dropped the price by $64,000 on February 26, 2008 to $515,000.
Best Las Vegas & Summerlin Real Estate Deal #3
11064 Whooping Crane Lane, Las Vegas, Nevada 89144 MLS # 771959
3 Bedrooms, 3 Bathrooms, 2 Car Garage, 2067 Square Feet,
Built in 2000.
Asking price is $265,000 or $128 per Square Foot.
The property is bank owned and was purchased by the previous owner in December of 2004 for $350,000. The bank just purchased it back on October 1, 2008 for $304,637. The bank started out asking $329,000 for the property and have been recently reducing it by approximately $5,000 every three weeks.
If you would like additional information about any of these properties, or others available that I have seen, just call or e-mail me.
Joe Laliberte
702-499-1747
Joe@JoeLaliberte.com
Las Vegas Real Estate Information www.JoeLaliberte.com
Summerlin Real Estate Information www.OurLasVegasRealEstateAgent.com
The Vistas of Summerlin Real Estate Information www.TheVistasHomes.com
Home Buyers Scouting Report – Do your own searching for the best real estate deals in Las Vegas and Summerlin.
Market Snapshot – Keep track of your homes value and the market activity in your area with this montly report.
Posted by Joe Laliberte 
Las Vegas & Summerlin Real Estate 
