Arina S. Hanciulescu

What makes Oprah to be "Oprah"?

In her own words: "When you learn, teach. When you get, give." And she just does that for almost 2 decades.

The Oprah Winfrey Show had become the highest-rated talk show in TV history.

Winfrey has succeeded on many fronts - as an Oscar-nominated actress (The Color Purple), activist, magazine editor, producer, book club sponsor and radio host.

Her charity work is well known all over the world. She has raised and personally donated millions of dollars to victims of poverty and disease.

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It's every Oprah fan's dream! The Las Vegas Review-Journal is reporting that Oprah Winfrey will take her show from its home base in Chicago to the Las Vegas Strip next week, for a special taping with Cher and Tina Turner. The taping will reportedly take place on Saturday April 26, at a yet-to-be-named location at Caesars Palace, where Cher opens her new show...

I am not even sure if she ever did have in the past a show here in Vegas. Anyway she has here lots of fans and regular, devoted viewer of her show on television. So that this is going to be a one of a kind event for Vegans.

Select tickets are available to the general public by visiting Oprah.com and clicking on "Be on the Show."

Before you proceed, there are a few important
criteria you must meet to be eligible:

• You and your guest must be at least 18 years of age, no exceptions
• You and your guest must be Nevada residents
• Everyone in your party must have valid photo IDs
• Your party must be available Saturday, April 26th, 2008 from
  12:30 p.m. to approximately 4 p.m.
• Limit one entry per person or e-mail address

Read the complete official rules here

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

How many times have we heard? "I'm waiting for the market to bottom out". There are two things in any financial institution, including the real estate, that all experts agree on: it's impossible to time an exact market top and it's impossible to time an exact market bottom. If you think it's better to invest in more solid and safe investments than Las Vegas high rise condos... let's see, perhaps.... Bear Stearns?

Bear Stearns was always viewed as "as solid investment as you can get". Right? Yet we all know by now what just happened... Who can foresee what can happen with others like Merrill Lynch, Fidelity, etc.? How does Las Vegas High rise Condo investment sound to you? Considering the opportunities just arised in the condo market it doesn't even matter because bargains have finally presented themselves to investors and buyers who become eager for action and don't want to sit around forever. The time to buy is now - when everyone else is scared - then to wait for "presumable" market bottom. If you are a champagne lover but you can only afford beer, there are opportunities developing in this market that are just up on your alley.

Resale market
As of June 30 on the resale market, there were 227 luxury high-rise units, excluding condo-hotels, with a median price-per-square-foot of $499. In addition there were 221 condo hotel units with a median price of $832 per square foot. On the average, luxury high-rise condos stayed on the market for 114 days while condo-hotel units stayed on the market for 125 days.

During the second quarter, units that sold averaged $814,000 or $507 per square foot. High-rise, non-condo hotel averaged $545 per square foot; mid-rise residence averaged $287 per square foot

There are right now Units available on both Panorama Towers and Trump Towers with @ $420 per square foot real bargains:

• A 1165 square foot, 2 bedroom 2 bath, 17th floor Panorama high rise condo unit with Strip views going for $549,000. (that's $420 per square foot!). Compare that to CityCenter prices - which is right across the street with a bridge connecting the two projects - where they're averaging about $1,200!

As far as the high rise condo market in Vegas, despite what you read in the paper, there are still 40 cranes in the sky of Vegas strip, there's million dollar construction going on and 100,000 jobs are on their way. The contra pressure from the other end is to great to keep the negative balance static... Somewhere along the way (maybe sooner than we expect) the balance will have to return to equilibrium.

Appreciation / Depreciation
Buyers of condos who bought in the early stages in 2003 and 2004 are $150,000 to $200,000 ahead, but those who bought in 2005 and 2006 find themselves in a difficult position, he said. With a median household income of $53,000, there are only so many people who can pay $2,000 to $3,000 a month in rent to help cover the mortgage.

There's no question that the economy right now is going like a car with its red flashers on. Where are you going to put your money these days? In the stock market?. Definitely not!... Keep the money in the bank? Definittaly not! ... we all know that each and every day the dollar gets devalued. What's there for an investor to do??? The old wisdom: INVEST IN REAL ESTATE! And the time for it was not looking that good in a long time.

Living the vertically life of luxury here in Las Vegas has become more and more popular among the affluent Home buyers. I believe that if you can afford to buy a Las Vegas High rise Condo at the moment and are willing to hold on to it for at least 2 years you will have made one of the BEST investments in your life.

Check out the Trump Towers, Panorama Towers, Boca Raton Condos, The Meridian and more. Visit our main condo web site at Las Vegas Condos for the latest updates.

ELITE REALTY
7448 W.Sahara Ave. #106 • Las Vegas, NV 89117
Office: (702) 856-6680 • Cell: (310) 529-5360

Website: http://www.lasvegas-buyandsell-realestate.com/ • Email: arina.lv@gmail.com

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There are good news in the housing market as for the last 3 month... Listing prices dropped @ 1.4 percent during February compared to 9.3 percent since September. The good news is that closed sales prices remained flat in February but has dropped 13 percent since September. Inventory dipped while the absorbtion rate rose to 6.3% . . . these best one month rate in months. The average Cumulative Days on Market still hangs around 180 days while listing remain overpriced.

If there was ever a time for brutal honesty on listing prices... it is now! It is critical to make appointments with your sellers and take a hard look at their current listing prices. Make sure that they will fully understand that the right price will sell their property and that time is now to take the smart decision... Don't nibble away with insignificant price changes. Boldly price the property to sell!