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At Luxury Realty Group and the Garcia Group www.VegasLuxuryLiving.com we anxiously await 2008 as we see the market continuing to present wonderful opportunities for those savvy buyers willing to step to the plate.  At the Garcia Group our latest transaction gave our buyers instant equity. How much you ask? how does $190,000 sound on a deal under a 800k!.  These numbers are real, contact us for details and more great properties available at unbelievable discounts, act now as these deals are unlikely to last once the market firms later in the new year. (702)360-6645

One reason we feel the Luxury High-rise market will firm is the limited inventory, Most analysts lump the mid range single family market in Las Vegas with the Luxury high-rise market,... nothing could be further from the truth as the high-rise market caters to wealthy out of state and foreign buyers who are drawn to the strip area luxury market by the specatular resort property, and the massive capital investment underway by the big boys in the gaming industry.

The mortgage debacle, and lender caution has stopped many residential high-rise transactions from occurring by keeping prospective buyers on the sidelines.  Once these fears subside, we feel that those buyers first to the plate with be rewarded handsomely.  Here is a sample of what is currently under construction on the 4-mile stretch that is the Las Vegas Strip.

MGM Mirage CityCenter, $7.8 Billion

Fontainbleau Resort, $3 Billion

The Plaza, $5 Billion

Echelon, $4.8 Billion

Contact the Garcia Group for more information on the tremendous opportunities available now in the Las Vegas Luxury high-rise market.

(702) 360-6645

The Garcia Group,

"Selling the Luxury Lifestyle is our Passion"

"Your Premier North Mile Strip Consultants"

 

 

3 Comments on 2008 Las Vegas Luxury High-Rise Market Update

Tom,

I have been researching the Las Vegas High Rise Market  and find your blogs very informative.

I agree I think the Las Vegas High Rise Market is a hidden gem.

Regards,

Suzanne

12/27/2007 10:07 PM by Suzanne


Thanks Suzanne, look for more good blog info shortly.

 

Tom Garcia

12/29/2007 01:45 AM by Amy Garcia (LuxuryRealtyGroup)


It will be interesting to see what the Srtip will look like when all the construction is complete.  Do you think the resorts will be able to fill all the rooms?

 

12/31/2007 04:32 PM by Kirk K


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Real Estate Agent: Tom Garcia (LuxuryRealtyGroup)
Tom Garcia
Las Vegas, NV
More about me…
LuxuryRealtyGroup

Office Phone: (702) 360-6645
Cell Phone: (702) 250-6355
Email Me
Educational and informative content. specializing in High-Rise residential on the Las Vegas Strip.


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