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Las Vegas, NV Area December 2009 High Rise Inventory Update

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

Las Vegas Area High Rise Rental Condos

Las Vegas High Rise Rentals:

  • 243 Listed 1/15/2010
  • 20 Under Contract 1/15/2010
  • 31 Leased December 2009 
  • 7.8 Months Inventory

Las Vegas High Rise Condos For Sale

Las Vegas High Rise Resales:

  • 650 Listed 1/15/2010
  • 242 Under Contract 1/15/2010
  • 84 Closed December 2009
  • 7.7 Months Inventory 

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®
 

 

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Comments(4)

Leander McClain
North East, MD
Cecil & Harford County Realtor

Renee,

Thanks for sharing.  7.8 months inventory....is that an improvement for your market?

Have a great day

Leander

Jan 31, 2010 02:43 AM
Fred Carver Real Estate Consulant
Retired BC Realtor - Victoria, BC
Accredited Real Estate Consultant

Hi Renee..Okay now I know where home buyers can buy in Vegas and still have some choices.

Jan 31, 2010 03:16 AM
Sam Miller
RE/MAX Stars Realty - Howard, OH
Knox County Ohio Real Estate Specialist

The current pending sales numbers you listed seem like a positive improvement and the solds for December look good.  I am curious if the leasing figures are normal or if some of the owners have leased their homes because they haven't sold.  

Jan 31, 2010 03:28 AM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Leander:  A definite improvement for this submarket!  Used to have about 7 years of inventory!

Fred:  There are still some spots!

Sam:  Yes figures are normal and yes some are leasing because they cannot sell.

Jan 31, 2010 04:49 AM