Las Vegas Luxury High Rise Condo Market Update

By
Real Estate Agent with Simply Vegas

As of September 9 2011 there have been a total of 640Luxury high and mid-rise condos sold under the verticalcategory on the Las Vegas MLS. There are 378 condos currently available on the resale market here in Las Vegas under the Vertical category on the MLS as well.
This is important information for those who are considering buying a Las Vegas Luxury High Rise condo for either a main residence, second home or investment. The inventory has decreased drastically from this same time last year and in some high rise condo buildings we have even seen the sales prices increase.
Buildings that were once flooded with distressed condos have now emerged and are experiencing increases in their sales prices. The increase in sales prices for High Rise condos here in Las Vegas is not much when considering how low home values have decreased over the past few years during the economic down turn.
Re-sale inventory is not the only inventory available currently in the High Rise Condo sector of the market. Some High Rise Condo developments still have inventory but a lot of the communities with 80% or more of the units unsold have started leasing there inventory until the market turns around. From bank owned, to short sale and new builds you have it all when seeking to purchase a Las Vegas High Rise Condo.
When you purchase a Las Vegas High Rise Condo you need the right representation on your side to ensure the transaction goes off with out a hitch. Allow me to provide you with formation about the La s Vegas Luxury High rise condo market or a list of available condos in your desired community by giving me a call direct (702) 542-1883 or shoot me an email to turnermakea@cox.net what ever is more convenient for you. You can search all available Luxury High Rise Condos by visiting www.LasVegasSkylineProperties.com

Comments (2)

Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Great post! Excellent market update!

Thanks for sharing,

Adam

Sep 09, 2011 02:52 PM
Paul Viau
Nova Scotia Real Estate Blog - Halifax, NS
Nova Scotia Real Estate Blog + Photo Services

Great post on the Vegas market.
I hope the condo market gets back to
normal down there sooner or later.

Sep 09, 2011 03:24 PM