Ardiente - Set For A Grand Opening:

Ardiente, the age-qualified community in North Las Vegas, an offering of Centex Homes is set for a grand opening. Workers have been on putting finishing touches and working non-stop for the last few days to be in time for the inaugural ceremony.

The eight model homes are buzzing with activity as painters, interior decorators and landscapers are working to get them ready in time. The homes priced from $284,000.

The eight models include the Barcelona which measures around 1200 square feet and has two bedrooms/two bathrooms, master bedroom, den and patio. The Granada measuring 1400 square feet will have a breakfast nook in addition to the Barcelona features. The 1,596-square-foot Cordova will have additional dining room.

The Valencia is available either as three bedroom home or two bedrooms and an office home. Other floor plans include the Torino, Palermo and Sorrento and the Milano with various extra features and rooms suited to varying needs of the modern family. Choose one that fits your budget and family requirements.

Room Rates Constant In Las Vegas

The room rate in Las Vegas has been constant since last year showing the decrease in the number of visitors to Las Vegas. Sustaining the record high rates of 2004 would have been an impossible task for Las Vegas.

The average three-week advance room rate of $206 has remained the same since 2004. The weekends that were considered profitable saw the rates drop to $244 while the weekdays rates were $190. The upscale property enjoyed a 5% increase while the mid level properties were down by 4%. The mid week demand was more than the weekend showing the trend of weaker demand for leisure travel compared to the strong convention business.

The factors contributing to the decrease in the number of people coming to Las Vegas for leisure travel is the overall economy of the state, and the persistent unemployment. The increase in gasoline prices has not much affected the hospitality industry, but they will be a decrease the drive in and airline traffic.

Home prices sets record

The median sales price of single family home that was $306,950 in July has increased to $309,000 in August. The sale of single family home reached 3,331 which is 2.8% more while condo sales increased to 814, which is 17% more than the previous month. This rise does not include new houses sold by the local builders or the owners. In August the median price of the condos was $199,000. The median price of condo showed an increase of 15% compared to what it was a year ago and 2.1% increase to that of the previous month. With the influx of nearly 5000 people every month the market seems to be healthy and steady and chances of the rated leveling off are very bright. Increased bankruptcies have increased number of houses for sale. The 90,611-foreclosure property for sale in July has increased to 93,440 in August that’s a 3% increase. The home appreciation value increased to 27% making Las Vegas highly unaffordable. Las Vegas stands 124th out of the 158 metropolitan areas in the affordability index based on the median household income and the median home price.