Market Report

Market Report for the week of November 19th, 2008, data obtained from GLVAR MLS
· Family Residence (SFR)

o Available – 17,113 (+162 , Last Week 16,951)Under Contract – 5,430 (-17 , Last Week 5,447)Days of Supply – 95 (+2 , Last Week 93)Short Sales – 7,536 (+39 , Last Week 7,497)

· Condominiums and Town Homes (CONDO/TH)

o Available – 4,625 (+38 , Last Week 4,587)Under Contract – 958 (+4 , Last Week 954)Days of Supply – 145 (+1 , Last Week 144)Short Sales – 1,428 (+16 , Last Week 1,412)

· Combined SFR + CONDO/TH

o Available – 21,738 (+200 , Last Week 21,538)Under Contract – 6,388 (-13 , Last Week 6,401)Days of Supply – 102 (+1 , Last Week 101)Short Sales – 8,964 (+55 , Last Week 8,909)

City Center Stats

I just received my new "Business Press" magazine and I thought I would share with you some interesting statistics about the MGM's City- Center Project.

• $9.1 BILLION dollars in construction costs (thats a whole lotta dough)
• 2650 Luxury condos & condo hotel units (thats a whole lotta condos!)
• 7 Buildings in total
• 12,000 permanent jobs when the project opens (thats a whole lotta jobs!)
• 100 new hires a month
• There are 14 tower cranes on site
• 24 MILLION man hours worked thru October
• 6 worker deaths (6 too many)
• 800 golf carts and buggies on site

NOW CATCH THIS INFORMATION

• Veer is two 37 story condos with a total of 670 residences (sheesh!)
• Vdara 57 story 1,543 room condo-hotel
• Aria Tower - 4000 hotel rooms (thats right 4000!)
• 655,000 sq foot concention center (watch out Sands!)
• Harmon Hotel & Spa has 400 hotel rooms and 240 condos.
• 645,000 sq feet of dining, shopping and entertainment
• Cirque theatre has 1800 seats

I have been around City Center since its inception, but the magnitutde of the place was not as clear as it was when I read it in a snap shot version such as I provided for you. Only in Vegas!

Las Vegas Green Expo

Well this past weekend I attended what I believe to be Las Vegas's First Green Expo at the Las Vegas Springs Preserve. It was an a great step in the right direction, and I am very hopeful that it will continue to grow and expand in the future.

Albeit it small and not too diverse, it was a great mix of vendors that came out to show their support and exhibit their items. Lisa Santacaterina, a fellow Eco-Broker even hosted a booth there for EcoBroker to gain awareness to being green in Real Estate! Thanks Lisa!

We did get an opportunity to take a picture with the "Green Santa" (Yes thats the big man up there....the one with the beard...LOL)

If you have not been to the Springs Preserve yet...I encourage all of you to go...Its a great thing to do some weekend, and you can spend the entire day! http://www.springspreserve.org

Check it out!