This architecturally magnificent Las Vegas luxury home located between the fairways of the Bad Lands golf course in the guard gated community of Queensridge is offered for an incredible value of $1,900,000!

Sitting on approximately 0.30 acres of lush grounds, this 6,645 square feet single family home features five bedroom suites, including main level master suite, five and a half baths and casita with courtyard entrance.

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In the formal living room, you will be inspired by bright and friendly Jerusalem stone walls, a floor-to-ceiling Jerusalem stone fireplace and a wall of nine windows overlooking the lush backyard. Prepare a sumptuous meal and dessert in a gourmet island kitchen featuring absolute black granite countertops and Jenn Air appliances.  Spend a quality time with your love ones in its family rooms on both levels, both equipped with built-in entertainment system.

As you walk in the backyard, you will be captivated by two covered patios, shimmering inground pool and a spa with cascading fountains and waterfall.

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Queensridge real estate features one of the masterly opportunities in Las Vegas to experience the character and privacy of a genuine luxury gold community. The combination of Las Vegas luxury homes in Queensridge and the Badlands Golf Course creates an island of European-style culture and style.

With a full service clubhouse offering the finest restaurant/banquet facilities, a cozy bar/lounge and a well-stocked pro shop, the Badlands Golf Club is eminently a grandiose public golf course. Come and choose from plentiful Las Vegas luxury homes owning the French, Italian and English flair, which will bring you to the highest level of luxury and sophistication.

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Shapiro & Sher Group 

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com

Las Vegas, NV - Although median prices fell by single-digit percentages and appear to have stabilized at the lower end of the market, sales of Las Vegas luxury  homes climbed significantly in April, according to Home Builders Research.

During the month, the sales of existing-home were up 2 percent a year ago to 3,724. Re-sales rose 15.3 percent to 13,846 closings for the first quarter of 2010.

Dennis Smith, Home Builders Research President, said that prices have remained the same in the past year. The median resale price dropped to $128,000 in April, down $2,000, or 1.6 percent, from the previous year.

With 61 high-rise closings at CityCenter, the new-home sales were up to 471 closings last month and higher than the 343 a year ago. New-home sales are up 1 percent at 1,510 for the year.

While median new-home price dropped 5.9 percent to $203,085, this year's is higher than $12,565 last year.

Meanwhile, Las Vegas-based SalesTraq housing research firm reported 480 new-home sales in April, which is 44.1 percent increase over the past twelve months. The median price dropped 5.4 percent to $204,313.

Existing-home closings increased 3.6 percent to 4,323, while the median price crept up 0.9 percent to $126,000, which is the highest level in more than a year.

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On the other side of the coin, the 2,146 repossessed homes or foreclosures in April was up 91 percent from a year ago. That followed declines of 57 percent, 58 percent and 25 percent for the first three months of 2010.

According to SalesTraq's report, there were 969 short sales or sales for less than the principal mortgage balance, at a median price of $122,000; 335 auction sales at a median of $93,000; 1,636 bank-owned, sales at $125,000; and 1,383 regular transactions at $135,000.

Steve Bottfeld, real estate consultant of Marketing Solutions said that even though the increases may amount to small numbers, the upward trend continues. He also said that April figures shows that Las Vegas luxury real estate will probably recover more quickly than people think.

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Shapiro & Sher Group 

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com

Las Vegas home sales were up to 32.8 percent in March over February, and were up 5 percent over 2009 levels.

Meanwhile, the inventory of Las Vegas home for sale dropped 9.9 percent from the previous year to 20,548. Even median home price declined 8.7 percent to $136,000.

Short sales increased 25 percent of Las Vegas home sales from 8 percent last year. Meanwhile, foreclosures dropped 50 percent from about 80 percent of sales. The Home Affordable Foreclosure Alternative (HAFA) program which offers homeowners an incentive for completing a short sale or deed-in-lieu of foreclosure could go a long way toward increasing short sales in Las Vegas, according to real estate industry experts.

The median home price was on the rise by 0.2 percent in March from the previous Month. If the number of short-sale continues to rise, the increase of the median home price will continue.

Sales of Las Vegas condos and townhomes were 34.8 higher than 2009 levels, with 3.3 percent dropped in the median price.

For Single Family homes, overall real estate transactions last month significantly increased 3.4 percent from the previous year to $553.3 million. Even condo and townhome sales climbed 38.1 percent to $75.7 million.

Buyers are rushing to find their own Las Vegas homes before tax credits expire at the end of April because most of them believe that Southern Nevada home prices will likely increase in the coming months. This creates a perfect storm which keeps Las Vegas realtors busy, and buyers and sellers happy.

There were definitely a great improvements in the Las Vegas real estate overall activity generated by the tax credit, both buying and selling.

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 Shapiro & Sher Group

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com

The number of foreclosures in the United States residential state may be slowing, but it is not over according to the experts.

The latest figures shows that the number of foreclosure filings dropped 2 percent in February but they are still 6 percent high from a year earlier - the smallest annual increase in four years.

More than 308,000 homes or one in every 418 homes received foreclosure filings in February. These include default notices, scheduled auctions and bank repossessions.

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The Nevada foreclosure rates were down 7 percent from January and higher than 30 percent last year. Utah, Idaho, Illinois, Georgia and Maryland rounded out the top ten.

Las Vegas is one of the metropolitan areas which have the highest foreclosure rate with one in every 90 homes foreclosure filings. However, foreclosure here decreased 9 percent from the previous month.

The status of foreclosure now is not really the evidence that hundreds of thousands of homeowners are in crisis and at risk, but rather this is a clear proof that the federal government programs are in effect in slowing down the growth rates of foreclosures activity in the country.

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 Shapiro & Sher Group

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com

Las Vegas home sales in February 2010 fairly increased 4.5 percent and median prices fell 12.8 percent over the past 12 months. There were 2,390 homes sold and the median price was $135,694, up to 0.6 percent from $134,925 the previous month.

The real estate activity in Las Vegas suggests that the return of heavy investors is the reason why the nearly half those sales were cash-only transactions. Home sales in February purchased with cash increased to 48.7 percent, compared with 45.5 percent from the previous month and 40.4 percent last December.

With home prices staying fairly flat and sales still going up extensively from one year ago, the market this year will look very much like it did last year - 2010 will be the year of the price shift.

The inventory of Las Vegas homes for sale decreased 8.5 percent from a year ago to 20,262. The number of units available without an offer dropped to 7,974 except the pending and contingent sales contracts.

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Southern, Nevada has about three-month supply of inventory and could benefit from an increased supply. Home buyers are looking for more selection. There are more homes pending sales than available.

Short sales increased to 22 percent, while bank-owned were accounted for 53 percent of sales. There were 10,357 sales in the past 90 days which include 5,972 bank-owned properties (57.7%) and 2,201 short sales (21.3%). Over two-thirds of short sale listings are under contract.

Condominium and townhome sales were 685, up to 55 percent from February 2009. There was 13.3 percent decrease to $65,000 with the median price.

Las Vegas home's listing price dropped 16 percent in February - total of $91.6 million reductions. Million-dollar homes saw significantly larger discounts, including 18 percent off the original listing price in Las Vegas.

Although people think that Las Vegas real estate is falling off the cliff, we cannot deny that this is still a great city to live in because it has no income tax. There are many motivated sellers out there who are eager to sell their home fast, which will give you the additional bargaining power!

Need more information on Las Vegas Luxury Homes for Sale?

 Shapiro & Sher Group

Prudential Americana

(702) 315-0223

sold@lasvegasfinehomes.com