There´s no better time to invest in the Las Vegas Real Estate market, all economic and demographic indicators predict high appreciation in the near future.  In addition, Las Vegas is running out of rental properties.  This year, over 10,000 apartments have converted to condominiums.  Currently in the Las Vegas Valley, there are less than 5 apartment complexes under construction, creating a significant demand for rentals.  This buyers market has been created by an abundance of inventory; it is also adjusting to the high double digit appreciation, home owners saw in 2004 and 2005.  Investors, there is still opportunity in new construction, however, it is diminishing daily and has reached the bottom based on supply and market adjustment, however, the resale market for investors should remain strong until spring of 2007.  It is my belief that this is the last and the best buyers market we will see for a significant time, possibly never to be seen again. Here are some of the most recent statistics:



"GOOD NEWS ABOUT LAS VEGAS"
LAS VEGAS FACTOIDS JULY 1ST, 2006

1. Las Vegas weather is mild with over 300 days of sunshine each year.
    (Source: Las Vegas Perspective, 2005)

2. Las Vegas has the fifth largest school district in the U.S. 
    (Source: Las Vegas Review-Journal)

3. Las Vegas features a rich and diverse cultural environment, with 53 museums and 97 performing arts     centers and cultural organizations. (Source: Las Vegas Perspective, 2005)

4. Las Vegas is a golfer´s paradise with over 47 golf courses, many designed by Fazio, Dye and Nichlaus, as     examples. (Source: Las Vegas Perspective)

5. The Las Vegas economy is diversifying. Upon completion of the 4.4 million square-foot World Market
    Center, Las Vegas will become "the furniture capital of the world." (Source: www.lasvegasmarket.com)

6. 25 miles from the "Strip," Lake Mead boasts 500 miles of shoreline, and provides an aquatic playground
    for boating, fishing, sailing, jet skiing and more. (Source: LVCVA)

7. During the past ten years, nine people have moved to Las Vegas every hour.
    (Source: Las Vegas Chamber of Commerce 2005)

8. During the past four years, Las Vegas´ population grew by 85.5%, the highest rate for any metro area in
    the U.S. (Source: Las Vegas Chamber of Commerce 2005; Brookings Institution)

9. There are so many incoming residents and businesses, two phone books per year must be published. Las  
    Vegas is the only city in the U.S. to face this challenge. (Source: Las Vegas Chamber of Commerce 2005)

10. Last year, over 40 million people visited Las Vegas.
      (Source: University of Nevada Las Vegas Center for Business and Economic Research)

11. Las Vegas hotels average 92% occupancy and 99% occupancy on weekends.
      (Source: Las Vegas Convention and Visitors Authority)

12. There are over 135,000 hotel and motel rooms in Las Vegas. (Source: LVCVA)

13. Nineteen of the world´s twenty largest hotels are in Las Vegas. (Source: LVCVA)

14. In Las Vegas, 16 acres per day are developed for commercial or residential use.
      (Source: RealEstateJournal.com).

15. Las Vegas´ developable land will be used up in less than 15 years.
      (Source: Richard Lee, quoted in RealEstateJournal.com)

16. Median vacant land prices are now $601,600 per acre, up 88% over the previous year.
      (Source: Las Vegas Review-Journal)

17. The number of people who will move to Las Vegas 2006 - 2010: 300,000 (Source: LVCVA)


Call today to Learn how to make the most of your Southern Nevada Real Estate investments. Great opportunities in new, resale, fixer uppers and foreclosures. Where I can negotiate investors incentives and a price thousands of dollars below market value.




If you would like more information about investing in new homes, resale homes, condos, hi-rise condos or foreclosures, please contact April Malavet @ 702-595-7470

Hoover Dam Bypass Bridge

Project is on schedule

For more information visit http://www.hooverdambypass.org

At more than 90% completion, activities on the Nevada side are steadily progressing. You can see photos of the progress on the Construction Photo Album page. Older photos, including those from the completed Arizona side, can also be found through links on that page.

Don't forget -- you can always find more information on our project by reading the latest newsletter on-line, via the Informational Material page! The Colorado River bridge will be a composite concrete deck arch.

The joint venture partnership of Obayashi Corporation and PSM Construction USA, Inc., is 40% complete on the $114 million centerpiece of the Hoover Dam Bypass Project - the Colorado River Bridge. Subcontractor Ladd and Associates of Redding, California, recently finished excavating approximately 40,000 cubic yards of rock at the abutments, approach pier and arch footings. The joint venture team has constructed 9 of the 10 pier footings and over half of the bridge´s 440 pre-cast column segments.

Currently, the joint venture team is constructing the two tower cranes that will span the canyon for deliveries of materials and pre-cast column segments (see article below). The south tower crane is complete and being used to set the bridge´s pre-cast column segments on the footings. The cables on the north crane will be in place soon, enabling work to begin on that side of the bridge once the line is operational.

Construction of the arch footings/skewbacks is also underway and steel tub girder fabrication is taking place off-site. Once the columns are erected, the tub girders and concrete deck surface will be constructed on the approach spans to pave the way for arch construction. Work is scheduled to begin later this year on the massive cast-in-place arch.

Construction of the 1,900-foot-long Colorado River Bridge began in January 2005 and the project is continuing to progress on schedule and within budget. The bridge will connect the completed Arizona and Nevada Approach highways over the Colorado River, which flows nearly 900 feet below. Following the completion of the bridge in 2008, the final roadway surfacing will be completed under a separate contract. The Bypass will open to the public later that year.