Las Vegas Area High Rise Rental Statistics

Rentals:

  • 254 Listed 6/15/2009
  • 19 Under Contract 6/15/2009
  • 51 Leased May 2009 
  • 5.0 Months Inventory

Las Vegas Area High Rise Resale Statistics

Resales:

  • 764 Listed 6/15/2009
  • 89 Under Contract 6/15/2009
  • 38 Closed May 2009
  • 20.1 Months Inventory (=1.7 years) Still bad but significant improvement over last several months!

This Market is extremely volatile due to the boutique nature and lack of financing.    Read last month's report here.

This report is compiled by using data from the GLVAR MLS. Data is gathered by the "VERTICAL" field and the "RESIDENTIAL" field using "CON" as subtype and  "HIGHRIS,LOFTLIV,PENTHSE" equals any for building description.  Information is deemed reliable but not guaranteed.

Read the most current market report for the Las Vegas High Rise Sector right here.

If you are thinking about buying or renting a high rise condominimum in the Las Vegas area, please call 702-966-2494.  Press 1 if you are a buyer or press 2 if you are a renter.  For financing options press option 3.  For selling or leasing/property management press option 0.  We will not list condos that have not yet closed with the builder or are not interested in contract reassignments.  Para español presione el cuatro.

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 © 2009 Renee Burrows Las Vegas Real Estate Market Report Blog

Realtor/MLS Member, NAR, NVAR, GLVARAccredited Buyer's RepresentativeSeller Representative SpecialistSenior Real Estate SpecialistAt Home with Diversity

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7 Comments on Las Vegas, NV Area May 2009 High Rise Inventory Update

JUL
02
164,808 Points 14 Featured Posts Localism Sponsor Outside Blog

"This Market is extremely volatile due to the boutique nature and lack of financing. "

I certainly hear that!  It's good to see that you still have some market and that sales are improving somewhat! Hope you are doing well!

9:09pm • #1
498,116 Points 52 Featured Posts Localism Sponsor Outside Blog

Russell:  Still a ton of inventory HOWEVER it's down from something like 7 years of inventory a year ago!

9:12pm • #2
193,390 Points 1 Featured Post Outside Blog

Hi Renee...Great to see inventory dropping, still some Great choices for those fussy Buyers, but it looks like they better hurry. The Best Ones always sell First.

Cheers, thanks for sharing your market stats.

10:25pm • #3
129,152 Points Localism Sponsor Outside Blog

Hi Renee,

     It was great meeting my newest friend in Nevada. Thanks for the hospitality. Great info as always!

11:34pm • #4
Outside Blog Hit Router

Renee:

I understand that the high rises are a market of their own. When you say lack of financing, are these all condo? Jumbo's size mortgages mainly?

Richard

11:38pm • #5
JUL
03
419,700 Points 8 Featured Posts Localism Sponsor Outside Blog

Renee - Love the diagrams, very interesting and thanks for sharing!

VB

12:33am • #6
267,403 Points Outside Blog

Renee, in addition to great charts and information, your now putting in Spanish. Way to go.

4:28am • #7

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Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR

Las Vegas, NV

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Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale

Address: 7465 W Lake Mead # 100, Las Vegas, NV, 89128

Office Phone: (702) 966-2494 x 0

Cell Phone: (702) 580-1783

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