Living in Las Vegas and Henderson, Nevada.

Michael Parise is a Realtor with Keller Willams The Market Place , Las Vegas and Henderson Nevada. Michael specializes in Home Sales, Rentals and Investments as well as Luxury Homes and Highrises on and off the Las Vegas the strip.

[michaelsellslv-blog]

Tonight, Friday and Saturday I'll be performing in front of Andrew Dice Clay at the Laugh Factory Las Vegas inside the Tropicana! Hope you can make it...I'm serious... #comedy #standup #standuocomedy #lasvegas #vegas #tropicana #lasvegasstrip #andrewsiceclay #wheelsparise #wheelslive #comedian #comedians #funny #raw #bluecomedy #showtime

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Leaning out!! #workout #leanout #loseweight #fattofit #healthy #gymselfie #cardio #lift #fatburn #fitness #fitnessmotivation #fit #motivation #motivated #lean

[michaelsellslv-blog]

Tonight i'll be Headlining the Laugh Factory inside the Tropicana Hotel Las Vegas! @troplv 8:30 and 1030 shows. in the meantime here is a old pic of me when i played Elvis Presley in a movie with Rodney Dangerfield called, "Meet Wally Sparks" #elvispresley #elvis #rodneydangerfield #meetwallysparks #movie #comedy #comedian #laughfactory #tropicana #lasvegas #vegas #702 #lasvegasstrip #comedyclub #standupcomedian #vivalasvegas #hollywood #losangeles

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This Friday, Saturday and Sunday! That's right! January 6-7-8 I will be showing 2512 Flodden St. in Anthem Highlands, Henderson, NV. 10am till 2pm. Hope to see you there! $295,000!!! Are you serious?!? #openhouse #anthemhighlands #henderson #hendersonnv #realestate #realestateinvestor #realtor #realestateagent #lasvegas # egas #homes #houses #forsale #realestatelasvegas #lasvegasrealestate #celebrityrealtor #flipthishouse #inspirada #anthemcountryclub #kellerwilliams #kw #thehometeam #michaelparise

[michaelsellslv-blog]

Don't fear a bubble despite rising new home prices in Vegas.

Don’t fear a bubble despite rising new-home prices in Las Vegas Don’t fear a bubble despite rising new-home prices in Las Vegas December 29, 2016 by Michael Parise

las-vegas-property-managementDon’t fear a bubble despite rising new-home prices in Las Vegas

Las Vegas’ housing market is a far cry from the boom days of a decade ago, but at least one thing is approaching those levels again: new-home prices.

In Clark County, builders fetched a median sales price of $335,000 in October, according to Home Builders Research. It was the fourth-highest monthly median since the company started collecting local housing data in 1988.

The highest, reached in August 2007, was $338,560.

Does this mean Las Vegas is creeping back into bubble territory? No, for at least one reason: sales totals remain a fraction of what they used to be.

Builders closed 6,273 new-home sales in Clark County this year through October. That’s up 14 percent from the same period in 2015 but nowhere near the almost 39,000 sales that builders closed in 2005.

Homes only sell for what people are willing to pay. But industry pros say prices are climbing because builders’ costs are rising, not simply because of stronger demand – and faced with higher expenses, developers have been churning out bigger, pricier houses.

Las Vegas builder Wayne Laska, founder of StoryBook Homes, says contractors are in more demand – and thus more expensive – because of the burst of apartment complexes being built, and land prices have climbed as well.

He figures his construction costs have jumped $8,000 to $10,000 per home in the past few years.

“The only way you can absorb these costs is building bigger homes,” he says.

Resales, meanwhile, are a different story: prices remain well off their peak.

The median sales price of previously owned single-family homes – the bulk of the market – was $233,250 in October. That’s up 5 percent from a year earlier but far below the market’s high point of $315,000 in mid-2006, according to Greater Las Vegas Association of Realtors data.

The S&P CoreLogic Case-Shiller index, a gauge of U.S. home prices, in September was just above the peak it reached in July 2006. But cities that “experienced the biggest booms,” including Las Vegas, Miami and Phoenix, “remain well below their all-time highs,” David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said this week.

“Vegas is a real outlier,” National Association of Home Builders economist Robert Denk told me.

National Association of Realtors chief economist Lawrence Yun figures it’s still a “few years out” before resale prices hit new highs in Las Vegas, noting the size of the valley’s housing bubble and the severity of its crash.

Are new homes too expensive? Are resales too cheap? That all depends on which side of the transaction you sit on.

But as many people in real estate say, no one is rooting for a return to the rip-roaring boom years of a decade ago, because they all know how that ride ended.

Contact Review-Journal writer Eli Segall at 702-383-0342 or [email protected]. On Twitter at @eli_segall

Source: Las Vegas Review Journal, December 2, 2016

http://www.reviewjournal.com/business/columns/real-estate-insider/don-t-fear-bubble-despite-rising-new-home-prices-las-vegas

[michaelsellslv-blog]

This is a rare opportunity for Anthem Highlands! 2512 Flodden St, Henderson, NV 89044 3 beds 2 baths 1,928 sqft FOR SALE $295,000 **PICTURES COMING SOON** ~The Home Team~ Brings You Another Exclusive First Look!!! Beautiful 3 Bed, 2 Bath Single Story Home on a Corner Lot and Located Right in the Heart of Anthem Highlands. Professional Photography Coming Soon. This gorgeous home is surrounded by breathtaking parks, mountain views, walking/biking trails and the best ranked schools in the state. The home has a great open layout and features tile floors, upgraded cabinetry throughout, stainless appliances in the kitchen in addition to a laundry room with the upgraded laundry deep-sink. Call, Text or Email me for a private showing BEFORE this goes active on the MLS @ Michael Parise 310-770-6753 -or- [email protected] WHAT I LOVE ABOUT THE HOME Close to Shopping, Dining, Great Schools and Easy Access to the Strip and Airports. Beautiful Mountain Views and Trails Throughout the Entire Community!!! #homeslasvegas #homeshendersonnv #anthem #anthemhighlands #delwebb #lasvegas #hendersonnv #henderson #realestate #forsale #kellerwilliams #thehometeam #kw #realtor #realestateinvesting #realestateagent #anthemcountryclub

[michaelsellslv-blog]

Whoever said, your over the hill!...find a steeper hill!! Let's burn those Christmas Calories together! Start the New Year off early! 123...go! #doitforyourself #livelonger. #workout #fatburn #cardio #walk #run #intervals #lift #relentless #fitness #loseweight #keepgoing #dontstop #movingforward #live #healthy #fattofit #motivated #motivated #motivation ##animalstyle

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Tha Lasagna... #lasagna #christmaslasagna #christmas #italianamericanfood

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The Christmas Lasagna! Parise style! #lasagna #christmas #italianamericanfood ##parisestyle #christmas2016

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My little girl is growing up!! @queen.catherineparise #christmaseve #daddysgirl #noras

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Oh yeah! My 2 loves!! #Christmas 2016 #lasvegas #christmas2016 #christmas #mygirls

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Salut! Me and my bro! @yochef1 #vegasbaby #nomorehendobaby #christmas2016

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Christmas 2016 Las Vegas. With my #littlegirl @queen.catherineparise #mylittlelove #❤️️ #daddysgirl

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Christmas 2016 win my love. #christmas #mylove @foiegwinelv

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Merry Christmas, from the Parise Family Las Vegas. #lasvegas #christmas #merrychristmas #parisefamily #❤️️

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Let's start the #newyear off right and get you in to that new #home or if you're looking to #buy #sell #invest or #rent in #lasvegas #hendersonnv #nevada please call me or email for #results and fast! #kellerwilliams #thehometeam #henderson #greenvalley #sevenhills #summerlin #vegas #theridges #downtownsummerlin #realtor #realestate #realestateagent #celebrity #comesian #celebrityrealtor #homes #beautifulhomes #forsale #kw #celebrityhomes #

[michaelsellslv-blog]

Merry Christmas to all my family and friends! #merrychristmas #christmas #happyholidays #holiday #family #friends #traditional at peace #love #instachristmas #theholidays #stayhealthy