Nevada

Rentals:

• 254 Listed 6/15/2009
• 19 Under Contract 6/15/2009
• 51 Leased May 2009
• 5.0 Months Inventory

Resales:

• 764 Listed 6/15/2009
• 89 Under Contract 6/15/2009
• 38 Closed May 2009
• 20.1 Months Inventory (=1.7 years) Still bad but significant improvement over last several months!
  

This Market is extremely volatile due to the boutique nature and lack of financing. Read last month's report here.

This report is compiled by using data from the GLVAR MLS. Data is gathered by the "VERTICAL" field and the "RESIDENTIAL" field using "CON" as subtype and "HIGHRIS,LOFTLIV,PENTHSE" equals any for building description. Information is deemed reliable but not guaranteed.

Read the most current market report for the Las Vegas High Rise Sector right here.

If you are thinking about buying or renting a high rise condominimum in the Las Vegas area, please call 702-966-2494. Press 1 if you are a buyer or press 2 if you are a renter. For financing options press option 3. For selling or leasing/property management press option 0. We will not list condos that have not yet closed with the builder or are not interested in contract reassignments. Para español presione el cuatro.

Here's the most recent data according to R. Keith Schwer of the The Center for Business and Economic Research regarding the Southern Nevada Index of Leading Economic Indicators:

The Index rose a modest 0.6 percent for June, essentially standing still on a month-to-month basis. The sharp decline of the past year or so has at least hit a pause, however. Visitor volume, down a modest 2.89 percent for the same month a year ago, contributed the most to the strength of the index. All in all, we may be starting to get around the corner. We remain cautiously optimistic that a turn up in the index is forming -- giving us some hope that a recovery may start in the next six months or so.

CBER Clark County Business-Activity Index:

The Business-Activity Index continues its downward trajectory, reversing last month's one-time rise -- a one-month change that was only a desert mirage. The index offers a perspective of the stage of the business cycle we are in. In short, a recession is from peak to trough and a recovery from trough to peak. Taken as a whole, we have strong evidence that the recession we are in continues.

CBER Clark County Tourism Index:

The Tourism Index improved for the third month in a row, though up a modest 0.79 percent over last month. The rise in visitor volume explains this strength. Aggressive advertising of value opportunities seems to be working. To be sure, this improvement is modest and has yet to gain enough momentum to curtail the recession, but clearly this is a glimmer of hope for better things to come.

CBER Clark County Construction Index:

The roller-coaster decline in construction that started from 2006 has pushed the
index below the values when the index starts in 1995. The index shows a one-month rise of 2.17 percent. Still, the index is near and all-time low. Moreover, the prospects for improvement remain weak. We lost about 15,000 construction jobs over the past year. With excess residential, commercial, and industrial space, further contraction seems inevitable at this time.

Are you trying to decide what type of Independence Day celebration you'd like to attend in Northern Nevada? Here is the definitive list of all the parades, fireworks shows, and philharmonic events in the Reno, Sparks, Carson City, South Lake Tahoe and Carson Valley locations. There's something for everyone for the 4th of July.

This 4th of July weekend is sure to be extra fun since it falls on a 3 day weekend. Events begin on Friday, July 3rd and will run through Sunday, July 5th. Here's a list of the major events taking place around the Northern Nevada area:

Star Spangled Sparks

Since the City of Reno has decided not to have fireworks this year at San Rafael Park, Star Spangled Sparks will be your best Reno-Sparks bet for a full-throttle fireworks display. The celebration begins mid-day at the Spark Marina Park with the annual milk carton boat regatta, a kite flying contest, arts and crafts, and plenty of food and drinks. Later, the party moves to historic Victorian Square for fireworks over the Nugget. There is always live entertainment, and the fireworks will begin at 9:30pm. This promises to be a real traditional 4th of July family-friendly event and it's free!

Virginia City 4th of July

In historic Virginia City, home of the Comstock Lode, you can enjoy the 4th of July Spectacular. This event includes a free concert and parade. The parade begins at Noon at the Fourth Ward School. Along the Virginia City boardwalk, there will be plenty of entertainment including facepainters, followed by fireworks at dusk, and best of all, it's free!

Carson City 4th of July Celebration

The Carnival is in town in Carson City at Mills Park! Celebrate the 4th in our Capitol all weekend long with carnival rides, games, artis and crafts, plenty of classic carnival munchies, or bring a picnic lunch and enjoy the views of the majestic Sierra Nevadas. The fireworks show will begin at 9:15pm, and of course, it's free.

Genoa Pops in the Park

Every year, the Reno Philharmonic Orchestra puts on a spectacular concert in Genoa, Nevada's first settlement. The festivities begin at 1pm with clowns and meandering musicians. The concert is at Mormon Station State Park - the first ever settlement in Nevada. Don't miss the opportunity to blend beaitiful weather, historical influence, and the breathtaking mountain views as you celebrate our nation's independence.

South Lake Tahoe Fireworks - "Lights on the Lake"

Every year, South Lake Tahoe puts on an incredible display of fireworks - it is the largest synchronized fireworks display west of the Mississippi! If you're lucky enough to have a boat, you can motor out, anchor, and then lay on your back and watch the magic right above your heads! If you'd prefer to keep your feet on land, many of the hotels offer great views of the show, as does Nevada Beach and other area beaches and parks. The fireworks will begin at 9:45pm.

A Word of Caution

As always, the 4th of July is a wonderful day in our nation's history. However, it also can be a day where sometimes the best decisions aren't made by everyone. My husband is a Trooper for the Nevada Highway Patrol, and often, he elects we stay home because of the dangers associated with being out on the road on this day in particular. If you decide to go out, and you decide to drink, please designate a driver for the evening, take a cab home, or arrange for an overnight stay at one of the many hotels offering great rates for the weekend. If you decide to drive, please keep an eye on those around you. Just because you act responsibly doesn't mean the person next you made the same sound decision. Let's make it a great holiday, and get home safely for another wonderful tomorrow.

Happy (Early) 4th of July!

Posted By: Christianne Gordon - Northern Nevada Real Estate Agent - Realtor
with RE/MAX Realty Affiliates, specializing in Carson Valley Real Estate and Northern Nevada Real Estate.

July Real Estate Update from Julia St. Marie at Realty One

Here is a link to my "July Real Estate Update":
http://realtytimes.com/128/JuliaStMarie

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

"The Contract Offer: What Price to Start With";
"Campaign To Extend and Expand Housing Tax Credit";
"Going Green May Help Sell Your Home";
"Housing Starts Are Up Again";
"Selling Your Home May Be Influenced by What Buyers Can't See";

Plus a roundup of June real estate activity as well as much more advice and information.

Should you or your friends/family have any Las Vegas Real Estate needs or questions, please feel free to contact me.
Thanks and have a great day! Julia St. Marie :)
http://realtytimes.com/reuv/LVrealEstateLady
Video Newsletter

For Immediate Release

Contact:
Tanya Kovacheva
Broker/Owner
Exit Realty Imoti in Las Vegas
702-251-3948
tanyak@exitrealtynevada.com

Exit Realty Imoti Hosts 30 Minutes with Brandon Roberts

Las Vegas, Nevada (Grassroots Newswire) June 30, 2009 -- REALTORS® from Exit Realty Imoti in Las Vegas will be hosting 30 Minutes with Exit on July 02, 2009 at 8260 W. Charleston BLvd # 1, Las Vegas, NV 89117.

The greatest story ever told in the real estate industry. Regional Owner and 2007 Exit International Broker of the year, Brandon Roberts discloses the success of the Exit Formulas single -level residual system, which has triggered record-braking Growth of the corporation. Over $125 million has been paid out to Exit Associates in single-level residuals on top of their commissions.

"To think ...10,20,30 years in this business and no future rewards for past service. When you slow down, it slows down. When you stop, it stops. It's time for a change!" Brandon Roberts

Exit Realty Imoti of Las Vegas is a franchise member of Nevada. EXIT Realty originally founded in Canada has enjoyed rapid growth throughout North America This growth is based largely on the strength of its recruiting and retirement benefits. The EXIT Formula provides sales associates a chance to earn a combination of residual income over and above their own transactions and an enhanced retirement and beneficiary benefit; all of which have been unheard of in the real estate industry until now.

Exit Realty Imoti is located at 8260 W. Charleston Blvd. #1, Las Vegas, NV 89117. For more information, please call 702-251-3948.