Las Vegas Real Estate Making the Headlines

It seems there are is a lot of news with respect to real estate in Las Vegas these days. Just recently we told you about the foreclosure sale of Nicolas Cages Las Vegas magnificent mansion and we have also learned that a couple just purchased a home that was regularly rented by the late Michael Jackson. This home was firmed up closed on Tuesday and was purchased by a California couple for 3.1 Million dollars. The home was also in the banks name as it was purchased in Foreclosure from the financial institution.

Not sure if 3.1 million dollars is a bargain because it is still quite a bit of money and not affordable for most people living in North America today but someone sure feels that this is a deal as the same real estate in Las Vegas was sold and valued at 6.4 Million dollars just two years ago. This home is located in Northern Las Vegas.

The home boasts 7 bedrooms on a massive property. It houses an orchestra room as well as several other great rooms for entertaining including a large theatre. The gated outside grounds are even better than the interior as there are multiple tennis and basketball courts on the property as well as a swimming pool that is of a great large size.

Many are picking up luxury real estate in the Las Vegas area due to the lowest prices in the last ten years. Those that said the US recession is over are surely not speaking about all areas of the US because there is clearly a problem that continues throughout many major cities.

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