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Las Vegas NV Area High & Mid Rise Condominium Resale & Rental Market Report March 2012

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

Las Vegas Area High Rise Condominiums for Rent

Las Vegas High Rise Rentals:

  • 220 Listed 4/15/2012
  • 29 Under Contract 4/15/2012
  • 64 Leased March Inventory
  • Low Leased Price: $625/Month (Wimbledon)
  • Median Leased Price: $1650/Month (Sky)
  • High Leased Price: $8500 (Panorama)

Las Vegas Area High Rise Condominiums for Sale

Las Vegas High Rise Resales:

  • 397 Listed 4/15/2012
  • 177 Under Contract 4/15/2012
  • 79 Closed March 2012
  • 5.0 Months Inventory
  • Low Sold Price: $39000 (Lake Las Vegas)
  • Median Sold Price: $155000 (Palms Place)
  • High Sold Price: $1495000 (Turnberry Place)

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

This report is compiled by using data from the GLVAR MLS. Data is gathered by the "HIGH RISE" field. Information is deemed reliable but not guaranteed.

What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?

General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?) It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.

View More FAQ About My Las Vegas Area Real Estate Market Reports.

Posted by

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

 

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Comments (3)

Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Renee - the Las Vegas market is picking up, and those cash buyers are going to start running out of easy deals soon. Stay cool out there.

May 15, 2012 11:30 AM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

Renee,

We can definitely say we are doing better than you in the rental segment.  We don't even have 2 to 3 to show a client that matches their criteria on any given day.  We have never had a rental shortage like this one.

May 15, 2012 12:02 PM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks for the comments guys!

Jun 17, 2012 07:24 AM