With the Las Vegas real estate market plentiful with foreclosures, the high rise condo sector has been relatively immune to this situation.  Are the trends beginning to change? We are tracking foreclosures in Las Vegas luxury condos and have come across 2 in Turnberry Place, 3 short sales in Panorama Towers and 1 killer bank repo deal in Metropolis. Is this an anomoly or a sign of times to come?

Allure Las Vegas, Trump, the Palms and Turnberry Towers West are all opening now or in the next few months.  What affect will this have on the already stagnant glut of inventory in the existing towers?  Is the inventory overpriced? From a cost standoint, based on what it tkes to build a luxury high rise tower, I would say not. But from the buyers' viewpoint, I would say so, otherwise these oh so attractive elegant units on the strip would be gobbled up and inventory levels would not be building.

The Stark Team, Ezra International Realty, Las Vegas' leading high rise condo real estate agents, is closely tracking the foreclosure market in Las Vegas for condo & hotel-condo defaults, short sales and foreclosures.

CONTACT THE STARK TEAM for Detailed info & Visit http://www.lasvegascondobargains.comfor the latest foreclosure listings in Las Vegas and Henderson NV real estate.