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Las Vegas, NV Area February 2010 High Rise Inventory Report

By
Services for Real Estate Pros with Savvy Home Pix B.1000860.LLC

Las Vegas Area High Rise Rental Homes

Las Vegas High Rise Rentals:

  • 243 Listed 3/15/2010
  • 22 Under Contract 3/15/2010
  • 44 Leased February 2010
  • 5.5 Months Inventory

Las Vegas Area High Rise Condo Homes For Sale

Las Vegas High Rise Resales:

  • 570 Listed 3/15/2010
  • 305 Under Contract 3/15/2010
  • 62 Closed February 2010
  • 9.2 Months Inventory 

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.  12/3/2009 NOTE:  The high rise portion of the RESIDENTIAL field is being phased out into the VERTICAL field currently.  Information is deemed reliable but not guaranteed.

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

Posted by

Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Comments(6)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I thought I heard your market is coming back, and even some multiple bidding on resales below $300,000.

Apr 16, 2010 12:39 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for sharing the market report for your area. Hope your market will improve.

Apr 16, 2010 12:40 AM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Renee...you sure know what's going on with Real Estate in Vegas...looks like the sales are picking up, and there are still some great choices of high rise Condos in Vegas. What's the Best Pent House Selling For?

Apr 16, 2010 02:01 AM
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

I am surprised with the amount on the market it is only 5.5 months worth of inventory. Best.

Cal

Apr 16, 2010 02:15 AM
Esko Kiuru
Bethesda, MD

Renee,

It's sort of surprising that even 62 high-rise condos closed in February. Must be cash since mortgage money is unfriendly towards them.

 

Apr 16, 2010 06:35 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Joan:  Multiple bids on properties priced well........period :)

Gita:  Very small sub market, most sectors have improved and are experiencing very little inventory.

Fred:  We have had a couple of Queensridge penthouses sell for the mid threes (as in million) in the last several months!

Cal:  Actually I am surprised to.  Just over a year ago we had YEARS AND YEARS of inventory in this sector!

Esko:  Most are cash!

Apr 17, 2010 04:32 AM