Las Vegas Luxury Properties Link

I had a recent client ask me questions about luxury foreclosure and he brought up to me that a colleague of his got an incredible deal on a luxury home for a fraction of what it would have sold for. It made me wonder how well short sales buyer make out it terms of pricing? I wanted to show luxury buyers willing to be VERY patient can sometimes get a substantial discount on a luxury home. Before I send you that direction, let's look at the state of the luxury short sale market here in Las Vegas. As of March 20th, 2009:

• 76 luxury homes (over$700,000) are available
• 34 luxury short sales close in the last year
• 7 of those sold substantially lower than the list price

Click here to learn the difference between Short Sales VS. Foreclosures. Now, let's talk about the 7 GREAT deals from the last 12 months in the luxury short sale category. I think one of the most impressive homes of that list was a property located on 1680 Tangiers Dr. This is in the luxury community called Macdonald Highlands, a guard gated, custom home community.

• 6129 Sq ft
• 11,326 Sq ft lot
• 5 bedrooms, 6 baths
• 3 car garage
• Built in 2007
• Contemporary architecture
• Originally priced at $1,999,000
• Sold for $1,450,000

That's a significant discount for a buyer. Click here to see the best short sale luxury homes that sold in the last 12 months in Las Vegas and Henderson. If you would like to search for your own luxury home for FREE,start your search below:

Felipe Crook Prudential Americana Group Realtors Las Vegas Nevada 1-866-589-1646