Makea Turner

Today I though I would put together a few graphs that illustrate the sales at Panorama Towers 1&2, The Signature At MGM, & Turnberry Place, which by the way were the top 3 selling developments for the summer of 08. As you can see by the graphs and information below, LV High Rise Condo Sales prices are just a fraction off from list price. In the Last quarter of this year you can expect to see sales continue to increase with a slight dip in prices due to more High Rise repo inventory that will be coming onto the market in the next couple of months. There are definitely some awesome deals on the market at the current time but there are also some sucker beats as well. This is an extremely tricky market we are in at the moment and as the year ends thing will only become more complicated but lucrative as well. For the right buyer Las Vegas High Rise Condos present an extraordinary opportunity that if not seized will soon disappear. Thanks for reading and i hope this information sheds some light on the negative headlines that are flying around out their while providing you with the knowledgeable LV High Rise Condo Information you want & need.


Green=List Price
Red=Sold Price
Blue Line=Days On Market
Click Here For Panorama Towers Summer 08 Sale
--------Bd-- Bth ---SQFT ---Lp ---------SP
High ----2 --3----- 2406 ---$1200000-- $960000
Low ----1 ---2 -----732---- $319000---- $290000
Average 1 ---2---- 15413-- $649652----- $590047
Median -2-- 2 -----1463--- $535000----$515000




Green=List Price
Red=Sold Price
Blue Line=Days On Market
Click Here For The Signature At MGM Summer 08 Sales Graph
---------Bd-- Bth--- SQFT--- Lp--- ----SP
High ----1 ----2 -----874 ---$599000-- $580000
Low ----0---- 1----- 520--- $304900-- $300000
Average- 0--- 1----- 595--- $3798066- $367357
Median -1---- 1----- 520 ---$357450-- $355000




Green=List Price
Red=Sold Price
Blue Line=Days On Market
Click Here Turnberry Place Summer 08 Sales Graph
-----------Bd-- Bth---- SQFT--- Lp --------SP
High ------3---- 5------ 4130 --$2995000-- $2600000
Low------ 2 ----2------ 1556--- $443000--- $443000
Average --2 ----3------ 2603--- $1273036-- $1125264
Median --2---- 3------ 2195--- $850000--- $715000

WOW! It's been a few weeks since i have reported on the Las Vegas High Rise Condo market and it's activities but now we are back in action. Allot has happened since i reported last, such as MGM's City Center has pretty much secured all financing for the multi billion dollar strip development which will provide Residential (Veer Towers-The Hormon-The Residence At The Mandarin Oriental)renderings as well as condo hotel opportunities (Vdara,). I don't find this to be to big of news considering the last report i did on this topic stated that MGM should have all of if not the majority of it's financing completed and secured by mid September. Another topic that has people talking across the board is the first joint venture the Sands Corp. has entered with the St.Regis brand and it will be called St. Regis Residences at The Venetian Palazzo. These condo units will be very expensive but will be a standard setting residential High Rise on the Las Vegas Strip. Rumors that have been floating around say that pre construction buyers of Condos at the St. Regis Residences at The Venetian Palazzo will have the opportunity to purchase their condos fully furnished or un furnished. The Cosmopolitan Condo Hotel Venture directly next door to MGM's Multi Billion Dollar Development City Center has had the foreclosure process finalized by Deutsche Bank. As reported on previously by myself and others this was just waiting to be completed so that the development can pick up the pace towards completion with out hurting buyers of condos in this development.

Pricing on available inventory of Las Vegas High Rise Condos has come down some on the re-sale side but the developments that are not yet completed continue to sell residences for prices way above what the current re-sale inventory is offering. This means that you can expect the prices we are seeing now on re-sale High Rise Condos to disappear rapidly in the next few months as we near completion on several big named developments like MGM's City Center & The Cosmopolitan. Now is defiantly one of the biggest opportunities Las Vegas High Rise Condos have ever presented for several reasons, one of which is that most of the speculators of the LV High Rise Condo market are exiting either on their own or are being forced to do so through foreclosure. This makes for a perfect buying situation on the re-sale side because sellers are motivated and banks are even more motivated due to our country's current financial markets meltdowns. For more detailed information about the Las Vegas High Rise Condo market and all of it's current opportunities please contact me by via -email HERE or call me direct at 702-542-1993. Please continue to read & subscribe to my blogs to receive knowledgeable information concerning the Las Vegas High Rise Condo & Housing markets.

I have been reporting on the local High Rise Condo market and it's latest activity for all my readers and everyone interested in the oppotunity's it has for the simple reason to clear the air of all doom and gloom talk because the sun is always shininng in Las Vegas. The credit crunch has hurt many people through out our Nation, oil & gas prices through the roof have taken a signifigant toll on everyone, foreclosure rates at all time highs are forcing familys to loose their homes, and a weak dollar is not good for any of us. Over the last year there have been huge record breaking sales of ultra luxury propertys from estate homes to High Rise Condos and most of them have been for straight CASH. Not many people have covered this type of activity because unfortunatly the masses eat up drama like there is no tomorow. This means alot in my opinion because i see big money moving into town which means the city is about to experience something it's never experienced before. This amazing turn around/ come back or what ever you would like to lable it will not be instant but there will be a noticable change approching fast. Now if you have been observing the market for some time just waiting and watching and debating whether or not you should buy a Las Vegas High Rise Condo or Luxury Estate Home let me make something perfectly clear SNAP OUT of it and BUY BUY BUY like you have never bought before because prices are just right and with the right representation you will definatly win like you've never won before.

Lets me expalne something for those who might not be following me. Peoples have experienced emotional disstress over having everything in their lives turned upside down from gas to grocerys they can't imagine purchasing a house because NOBODY else is for one and secondly the media tells them the horror stories right before they go to sleep at night. If you are smart and educated you can see this is a perfect time to buy because prices are at all time lows, sellers are extremly motivated and more and more peopl are due to catch on to this so prices will naturally rise once agian to places we have never seen before. These are confusing times but if we listen to comon sense, reman calm and aline our selves with true profesionals we can aviod regretable mistakes.

That title speaks volumes. It's not a dream you can certainly find completed High rise Condos in Las Vegas for under $400 dollars a square foot located on upper floors with spectacular views of the Strip and Red rock Mountain Ranges. I searched the local MLS today for High Rise Condos under $400 dollars a sqft in Panorama Towers 1&2 and i was astonished of the abundance of property's that fit this description that are available,14 to be exact. If you are looking to invest in a Las Vegas High Rise Condo now is the time because in the near future prices are going up to were no one could have ever imagined. I won't waste any more time if you click this link you can view these amazing deals yourself. Thanks for reading and enjoy.