Today I showed two luxury High-rise properties in the Strip area of Las Vegas. I actually showed these properties to a small group of investors form Chicago who told me they couldn't stand on the sidelines anymore, with the recent drop in long term interest rates they decided it was time to act.
The first unit was a 45th floor, 6000 sq. ft. penthouse unit located in Turnberry Towers, the other was a large 3300 Sq. Ft. Strip facing unit in Panorama towers. Both impressive and priced near $800 a Sq. Ft.
I would like to solicit input from other agents or potiential buyers in the Las Vegas luxury high-rise market;
Agents-are you seeing buyers strart to jump off the fence?
Buyer's- are you ready to make your move? if not, what will entice you to make your move?
I anticipate a change of market sentiment. Please send your thoughts and comments. after a reasonable time I will report my finding in another post.
Thank you for your comments and participation.
Regards,
Tom Garcia
Broker/Salesman
Luxury Realty Group
(702) 360-6645
The Garcia Group.
Your Premier Las Vegas Strip Consultants
2008 Copyright, the Garcia Group. all rights reserved
Luxury Realty Group. "The Garcia Group" www.VegasLuxuryLiving.com 3753 Howard Hughes Parkway Suite 200 Las Vegas Nv 89169
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