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Las Vegas NV Area High Rise April 2010 Resale & Rental Inventory Report

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

Las Vegas Area High Rise Condos For Rent

Las Vegas High Rise Rentals:

  • 216 Listed 5/15/2010
  • 12 Under Contract 5/15/2010
  • 63 Leased April 2010
  • 3.4 Months Inventory

Las Vegas High Rise Condos For Sale

Las Vegas High Rise Resales:

  • 568 Listed 5/15/2010
  • 308 Under Contract 5/15/2010
  • 33 Closed April 2010
  • 17.2 Months Inventory  (this sector has been performing well for the last several months - steps forward and backwards)

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(7)

Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Renee - You have just jumped into the ultra cool graphics mode with a message. Love it

Jun 15, 2010 01:28 PM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Wow, talk about eye-poppin' stats! What a supacool set of charts!

Jun 15, 2010 01:44 PM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Renee - It will be nice seeing those months of inventory drop.  Positive news that things are moving in the right direction.  A few good months can really put a dent in the inventory.  Any new buildings coming online soon? ~ Doug

Jun 15, 2010 03:02 PM
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

Hi Renee:  So in regard to the High Rise Resales...I am assuming that the large number of "Under Contract", buildings will actually turn out to be a small number of "Sold Properties". 

Jun 15, 2010 06:02 PM
Debbie Aldrich
The Watts Group Real Estate - Cottonwood Heights, UT
Salt Lake City Realtor - Salt Lake County, Cottonwood Heights

Hi Renee,

That is a lot of listed High Rises.  I don't think of Vegas as a high rise market, when I think of high rises there I think of hotels and casinos. 

Jun 15, 2010 06:13 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Renee - it's clear YOu are the person who has the knowledge of what's happening in the different markets in Las Vegas.

Jeff

Jun 16, 2010 02:38 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Claude:  LOL thanks

Candice:  ;)

Doug:  City Center is the last to come online.  New builds are getting delayed or losing financing and become half finished ghost towns.

Jane:  Too many short sales clogging the system!.

Debbie:  They have become scattered in the resort corridor during the "boom" years.

Jeff:  Thanks :)

Jun 16, 2010 03:18 AM