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Archive for July, 2008

This blog has MOVED. Please visit my new blog at

Http://www.LasVegasLuxuryPropertiesLink.com

Same great content, but new and easier to use. Thanks!

Here’s my latest video on this amazing One Queensridge Place High Rise project in Las Vegas. It’s so impressive to actually see the exquisite attention to detail in EVERY aspect of these luxury residences in the sky. There are currently 70 units available out of 219 total residences.

If you’d like more information, please call me directly at 702-683-2169 or email me at Felipe@felipecrook.com. Keep coming back for more videos on Queensridge Place.

Happy House Hunting!

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This blog has MOVED. Please visit my new blog at

Http://www.LasVegasLuxuryPropertiesLink.com

Same great content, but new and easier to use. Thanks!

I’ve notice an increase in foreclosed properties in the Luxury market here in Las Vegas. Now when I say increase, I’m talking 12 additional properties. That is no where near the numbers for properties under $800,000 but there continues to be great opportunities for people to invest in luxury properties at a huge reduced price from 3 years ago. Let’s go over some statistics about our luxury market as of July 18th, 2008:

  • 1,357 homes are on the market over $800,000
  • 40 of these homes are in Short-Sale or pre-foreclosure.
  • 36 of these homes are Bank Owned properties
  • 934 of these homes were built in 2000 or newer

Please click on the following link to view Luxury Foreclosures in Las Vegas. Pay particular attention to the first property on the list. The address for this property is 1805 Plantea Ave. I’ve shown this property 5 or 6 times to separate clients. I think there is TREMENDOUS potential in this home. This is a bank owned home with 6,700 sq ft on half an acre. It’s in a small gated community with 8 custom homes. It’s currently listed at $829,000 which is $123 a sq/ft. For a custom home this is VERY well priced. Here’s what this property needs: A complete paint job, new carpets, new fixtures, a new kitchen and landscaping. I assume it’ll take a minimum of $100,000 to fix it up to luxury standards. The reason why I think this is an incredible deal is a similar home just sold in April of this year for $1,425,000!! Take a look at that home by clicking Sold Luxury Home in Vegas. This home needs someone with a little vision will to put in some work. If you’d like to take a look at this home, or any other home on the market, please contact me directly at 702-683-2169 or email me at Felipe@felipecrook.com

Happy House Hunting!

Felipe Crook

Prudential Americana Group Realtors

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This blog has MOVED. Please visit my new blog at

Http://www.LasVegasLuxuryPropertiesLink.com

Same great content, but new and easier to use. Thanks!

Luxury Living in Las Vegas

Luxury Living in Las Vegas

I recently had the pleasure of touring One Queensridge Place on the west side of Las Vegas. I have been to the old sales center before with a “working model” of one of their units, but that cannot compare to the actual building’s grandeur. These two high rise buildings are comprised of 219 units and 70 which are still available for purchase. One reason I love these units is their pass-through feature. Almost all of the units have windows on both sides of the buildings, which gives you beautiful mountain views and the exciting lights of the strip. Truly a breathtaking experience. So here’s the OFFICIAL One Queensridge Place description from their website:

Luxury High Rise Living in Las Vegas

All elements of One Queensridge Place – exteriors, interiors, public areas, private residences and the gated entry – appear to be the work of fine European artisans. Everywhere there is evidence of gifted stone masons, cabinet makers, iron craftsmen, lighting designers and faux finishers who are bringing museum-like quality to a residential setting. One Queensridge Place is significantly more than a vertical condominium community. It is a residential environment created like a fine work of art. It is a limited edition collection of what has been fittingly named as ‘custom homes in the sky.’

While this is a great description, it can’t give you the scale of beauty this building possesses. I was BLOWN-AWAY at the attention to detail in EVERY nook and cranny in this masterpiece. That sounds so over dramatic, but I’ve never seen anything quite like it. Even the floors are hand laid marble mosaics made by a Greek family that took five years to make! It’s like you’re transported into an old European castle with all of the modern conveniences a discerning resident expects. Take a look at this great article about one-queensridge-place-article. Another feature worth noting is the privacy factor. There are no hallways in these two towers except for the first floor. Each unit has a private elevator going directly to their unit which is only accessible with a key. If you want to escape the world and retreat to your own sanctuary, One Queensridge Place is the answer to your desires. Away from the hustle and bustle of the strip, these buildings sit on a golf course near the master planned Del-Web community of Summerlin on the west side of Las Vegas. Here are some pictures of the property.

Keep an eye out for a video I’m producing about this project. If you’d like a tour of One Queensridge Place, please contact Felipe Crook toll free at 1-866-589-1646 or email me at Felipe@felipecrook.com

Felipe Crook

Fine Homes International Specialist

Prudential Americana Group Realtors

Las Vegas NV 89117

702-683-2169

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This blog has MOVED. Please visit my new blog at

Http://www.LasVegasLuxuryPropertiesLink.com

Same great content, but new and easier to use. Thanks!

I saw this today and thought it was “cute”. A little sad that this video has happened to thousands of people.

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This blog has MOVED. Please visit my new blog at

Http://www.LasVegasLuxuryPropertiesLink.com

Same great content, but new and easier to use. Thanks!

I just read an encouraging post from our corporate broker here at Prudential. 2008 Las Vegas Real Estate forecast. As he said in his post, a huge number of closings are bank owned properties right now, which makes sense since almost 45% of our listing inventory is either bank owned or short sales. I’m currently seeing a huge amount of movement with foreclosures because they tend to be the best priced properties in the market. Traditional sellers are having a hard time competing. The good news is our sales from June of 2008 are WAY up from last year and close to 2006 sales volumes. Take a look at this graph:

The Las Vegas Real Estate Market

The Las Vegas Real Estate Market

Certain price ranges and areas are getting multiple offers because they are priced so low. This has been a strategy with the banks regarding their properties. They price properties so low that it creates an un-official auction which then drives up the price. I called a listing agent for a foreclosure and she told me she had 15 offers in on one property that had been on the market a week! There are some wonderful opportunities right now. If you’d like more information on foreclosures, please contact Felipe Crook at 702-683-2169.

Felipe Crook

Prudential Americana Group Realtors

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