October 2016

For those of you following the progress of the proposed Raiders Stadium in Las Vegas, it looks like it's almost a done deal. After a week of deliberation, Nevada Senate passed a deal that could clear the way.

The big hurdle was, of course, money. Everyone wanted the stadium, it would be great for Las Vegas, create hundreds of jobs and boost our tourism and convention industry, but with a $1.9 billion price tag, no one was jumping up to cover the cost. More specifically, a remaining $750 million that was proposed to be subsidized by public funding.

After the senate session last week, these were the terms that were agreed upon:

Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson will contribute $650 million

Raiders will kick in $500 million

Thank you to these lucky September Las Vegas and Henderson home owners - it was a pleasure working with each and every one of you!

Recent Sold Listings

MLS# 1806296 - $349,900: This spacious 2,664 sq.ft. home in Marvella sold in just 35 days for 100% of the asking price.

MLS# 1818787 - $305,000: An immaculate 4-bedroom Henderson home in Coronado Ranch is walking distance to Coronado High School. It didn't last last long, only 10 days on the market and sold for 98% of the asking price.

MLS# 1613286 - $275,000: This lovely open floor, single story home in Valley West sold for 98% of the asking price after 144 days on the market.

MLS# 1595411 - $189,000: The buyer of this town home in Stallion Mountain will enjoy a bevy of

Las Vegas Sales Climb from 2015

Total home and condo sales and median prices were up from August of 2015.

• Total  Las Vegas Home Sales $835,260,015 - up 11.6%
• Total Las Vegas Condo Sales: $86,139,841 - up 15%
• Median Home Price: $235,000 - up 6.8% from August 2015
• Median Condo Price: $115,000 - up 4.5% from August 2015

Inventory

The number of Homes, Condos & Townhomes Sold: 3,789 homes, condos & townhomes - in August 2015 3,454

Although sold inventory increased by 10%, we still need homes. There is less than a three-month supply of properties for sale, a six month supply reflects a balanced market. the number of single family homes listed in August was 13,222 - a decline of 2.8% from the same time last year. The big