One market sector in Las Vegas real estate that hasn't experienced a slow down in sales velocity, are the luxury high rise condos on and near the world famous Strip. With Las Vegas Boulevard being only a 4 mile stretch, and most of the high rise towers housing hotel rooms, luxury condominium towers that are residential in nature are the rarity. Las Vegas is not like Miami, with a myriad of condo towers. In actuality, there are just a handful of residential high rise buildings in Las Vegas on & off the strip.
When we think about the most basic economic principle, supply and demand, investors realize that the condos along the strip are so limited in numbers, that their upside appreciation potential looks like a wise place in which to invest. With tangible assets a safe haven for investment dollars, we have seen upward price pressure in strip area condo units in 2013, but when compared to the price peaks of 2005, these condos are still ranging 50 to 75 cents on the original dollar and are selling at way below reproduction costs.
The Stark Team has been immersed in the high rise condo market sector since its inception.
We know our condo towers stack by stack. Put our years of Strip area real estate on your site of the transaction.
TAKE A TOUR OF LAS VEGAS HIGH RISE & MID RISE CONDOS HERE
Las Vegas High Rise Condo Buyers are all about views. The condo above is for sale at THE MARTIN.
Originally designed for a leading Hollywood celebrity, this 3 BR 17th floor condo at THE MARTIN LAS VEGAS is offered at $1,399,000 and is 3090 sq. ft.
TAKE THE VIRTUAL TOUR OF MARTIN # 1707 Here
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