Turnberry Place condos were on the market for an average of 171 days and there are currently 40 condos on the market with $184,900 being the lowest priced condo currently available.

For current condos for sale or lease, visit our Turnberry Place and Market Report pages for data on the majority of the Las Vegas High Rise Condos.

 
Anthony Phillips
http://www.mylvcondosales.com/
www.facebook.com/LasVegasCondos

Realtor Marketing Services http://www.luxuryrealestatepartners.com/

Trump Towers Las Vegas Condo First Quarter Market Report For 2012

Trump Towers Las Vegas sold 9 residence in the first quarter with an average selling price of $245,167  with an average price per foot of $332.

Trump Towers Las Vegas condos were on the market for an average of 282 days and there are currently 13 condos on the market with $209,900 being the lowest priced condo currently available.

For current condos for sale or lease, visit our Trump Towers Las Vegas and Market Report pages for data on the majority of the Las Vegas High Rise Condos.

 
Anthony Phillips
http://www.mylvcondosales.com/
www.facebook.com/LasVegasCondos

Realtor Marketing Services http://www.luxuryrealestatepartners.com/

The general consensus is that the Las Vegas economy is finally starting to rebound with the majority of our economic indicators showing signs of improvement. If you compare Feb 2012 to Feb 2011, Las Vegas improved in the following areas

Las Vegas High Rise Condo Market Report

Visitor Volume +6.4%

Average Daily Room Rate +10.5%

Total Room Nights Occupied +6.3%

Gaming Revenue +5.5%

Gaming Revenue Bolder Strip (indicator of the locals market) +22.9%

The following is a brief news update for projects that have had significant news/events.

Panorama Towers recently resolved their construction defect litigation which allow them to fix defects and make much needed improvements to the buildings. The lack of litigation will also open up financing so it should increase buyer demand and help values.

The Martin, which was formally Panorama Tower North has been rebranded and offers (new) two bedroom residences starting in the low $200k’s with financing available. The Martin benefits from being only 600 steps from the amenities included at CityCenter and Cosmopolitan Resort Casino. The Martin has some of the lowest HOA’s at .47/sf and has one of the best ratios of purchase price versus rental rates that can be found for investors in the Las Vegas high-rise market.

Allure Las Vegas sold out of their developer inventory so going forward the only inventory available will be resale condos. The Allure will benefit to a small casino which is planned for next door and the re-opening of the Sahara Casino in late 2013.

City Center Residential (which includes Mandarin Oriental and Veer Towers,) is now discounting developer inventory by 10%, and then offering another 15% concessions. These concessions can be allocated towards closing costs, taxes, or association dues. We are seeing increased rents at CityCenter due to a lack of supply.

Turnberry Towers West- is rolling out a new promotion offering up to 18 months of homeowners association dues paid when purchasing a new residence from the developer. Turnberry Towers is offering 1bds in the low $200’s and 2bds in the low $400’s and will finish out the residences per the clients specifications.

Turnberry Place- the Stirling Club at Turnberry Place could close in May if a buyer for the luxury condominium community’s centerpiece can’t be found. This will obviously have a negative effect on values at the property because the Stirling Club houses most of the projects amenities. There have been talks of 3^rd parties purchasing the club but as of yesterday, the club is set to close on May 18^th.

http://www.lvrj.com/business/stirling-club-at-turnberry-place-faces-may-closure-139257658.html

Cosmopolitan Las Vegas now has a limited selection of resale condos… for current listings, please visit http://www.mylvcondosales.com/cosmopolitan-condos/

Rental Market-In 2011, we saw many of the projects decide to lease out their unsold inventory which added about a years’ worth of supply to the market. Since the majority of this inventory has been absorbed and actually grew the high-rise rental market, we should see improvements in rents over the next 12 to 18 months.

Below is a summary of 1^st quarter sales and a breakdown for each building. This data comes from our MLS and may not include developer sales.

Las Vegas Condo Market- Total

Number of Properties Sold -187

Avg Sale Price -$235,837

Avg SP/SqFt- $213

Avg Days on Market- 127

# of Units Currently On Market-385

For current Listings, visit http://www.mylvcondosales.com/

Allure Las Vegas

Number of Properties Sold – 10

Avg Sale Price – $174,625

Avg  SP/SqFt- $154

Avg Days on Market-113

# of Units Currently On Market- 15

Lowest Priced Condo Available Now-$125,000

For current Listings, visit http://www.mylvcondosales.com/allure-las-vegas/

Mandarin Oriental

Number of Properties Sold – 0

Avg Sale-0

Avg Sale Price/Foot- 0

Avg Days on Market- 0

# of Units Currently On Market- 0

Lowest Priced Condo Available Now- $999,000

For current Listings, visit http://www.mylvcondosales.com/mandarin-las-vegas/

MGM Signature Condo/Hotel

Number of Properties Sold -44

Avg Sale-$224,787

Avg Sale Price/Foot-$327

Avg Days on Market-140

# of Units Currently On Market-83

Lowest Priced Condo Available Now-$112,955

For current Listings, visit – http://www.mylvcondosales.com/mgm-signature-las-vegas/

Newport Lofts

Number of Properties Sold – 7

Avg Sale Price – $165,286

Avg Sale Price/Foot- $138

Avg Days on Market- 124

# of Units Currently On Market- 3

Lowest Priced Condo Available Now. – $209,900

For current Listings, visit http://www.mylvcondosales.com/newport-lofts-las-vegas/

Palms Place Condo/Hotel

Number of Properties Sold – 15

Avg Sale Price – $160,667

Avg Sale Price/Foot- $240

Avg Days on Market- 153

# of Units Currently On Market- 33

Lowest Priced Condo Available Now- $129,900

For current Listings, visit http://www.mylvcondosales.com/palms-place-las-vegas/

Panorama Towers

Number of Properties Sold – 15

Avg Sale Price- $280,750

Avg Sale Price/Foot-$186

Avg Days on Market-85

# of Units Currently On Market-20

Lowest Priced Condo Available Now-$164,000

For current Listings, visit http://www.mylvcondosales.com/panorama-towers-las-vegas/

The Martin (formerly Panorama North)

Number of Properties Sold – 5

Avg Sale- $293,360

Avg Sale Price/Foot- $276

Avg Days on Market- 6

# of Units Currently On Market-15

Lowest Priced Condo Available Now-$228,800

For current Listings, visit http://www.mylvcondosales.com/martin-condos/

Sky Las Vegas

Number of Properties Sold -19

Avg Sale-$218,495

Avg Sale Price/Foot-$173

Avg Days on Market-81

# of Units Currently On Market-18

Lowest Priced Condo Available Now-$134,999

For current Listings, visit http://www.mylvcondosales.com/sky-las-vegas-condos/

Turnberry Place

Number of Properties Sold -13

Avg Sale-$675,412

Avg Sale Price/Foot-$232

Avg Days on Market-171

# of Units Currently On Market-40

Lowest Priced Condo Available Now-$184,900

For current Listings, visit http://www.mylvcondosales.com/turnberry-place-las-vegas/

Turnberry Towers

Number of Properties Sold -10

Avg Sale-$271,390

Avg Sale Price/Foot-$239

Avg Days on Market- 58

# of Units Currently On Market- 26

Lowest Priced Condo Available Now- $214,900

For current Listings, visit http://www.mylvcondosales.com/turnberry-towers-las-vegas/

Trump Condo/Hotel

Number of Properties Sold – 9

Avg Sale- $245,167

Avg Sale Price/Foot- $332

Avg Days on Market- 282

# of Units Currently On Market- 13

Lowest Priced Condo Available Now- $209,900

For current Listings, visit http://www.mylvcondosales.com/trump-towers-las-vegas/

Vdara Condo/Hotel

Number of Properties Sold -0

Avg Sale- 0

Avg Sale Price/Foot- 0

Avg Days on Market- 0

# of Units Currently On Market- 17

Lowest Priced Condo Available Now- $389,000

For current Listings, visit http://www.mylvcondosales.com/vdara-citycenter-las-vegas/

Veer Towers

Number of Properties Sold – 0

Avg Sale-0

Avg Sale Price/Foot-0

Avg Days on Market-0

# of Units Currently On Market-20

Lowest Priced Condo Available Now-$395,000

For current Listings, visit http://www.mylvcondosales.com/veer-citycenter-las-vegas/

All Data Deemed Reliable but Not Guaranteed *****

Positive Press for Las Vegas-

Analyst: Trade show and conference bookings helping boost MGM’s outlook

http://www.vegasinc.com/news/2012/mar/16/analyst-trade-show-and-conference-bookings-helping/

Vegas single-family home sales up 18 percent

http://www.lasvegassun.com/news/2012/mar/08/nv-home-sales-vegas/

Reports indicate improvements in Las Vegas real estate market

http://www.vegasinc.com/news/2012/mar/14/reports-indicate-improvements-las-vegas-real-estat/

Las Vegas visitor traffic sees uptick in January

http://www.vegasinc.com/news/2012/mar/08/las-vegas-visitor-traffic-january/

States Hardest Hit by Housing Collapse Lead U.S. Jobs Recovery

http://www.bloomberg.com/news/2012-03-09/states-hardest-hit-by-real-estate-collapse-lead-u-s-labor-market-recovery.html

Toll Brothers has best spring sales in 5 years, Lennar orders up 33%

http://agbeat.com/real-estate-news-events/toll-brothers-has-best-spring-sales-in-5-years-lennar-orders-up-33/

Vegas home sales surge as cash buyers flood market

http://www.latimes.com/business/money/la-fi-mo-vegas-home-sales-20120328,0,3278002.story

Why Vegas is a True Start-Up City #VegasTech

http://searchenginewatch.com/article/2165125/Why-Vegas-is-a-True-Start-Up-City-VegasTech?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+sewblog+%28Search+Engine+Watch+Blog%29&utm_content=Google+Reader

They’re back: Core gamblers are helping Las Vegas gaming industry recover

http://www.lasvegassun.com/news/2012/apr/15/theyre-back-core-gamblers-are-helping-las-vegas-ga/

Our team at Award Realty now has a point person solely focused on High-Rise Property Management so if we can help you buy, sell, lease or manage, please let us know.
Take care

Anthony J. Phillips

Award Realty Las Vegas

Luxury Real Estate Partners

3015 S Jones Blvd Las Vegas, NV 89146

P: 702.482.8885 | F: 702-873-9072

www.mylvcondosales.com

Property Management www.lvluxpm.com

Panorama Towers Las Vegas condos were on the market for an average of 85 days and there are currently 20 condos on the market with $164,000 being the lowest priced condo currently available.

For current condos for sale or lease, visit our Panorama Towers Las Vegas and Market Report pages for data on the majority of the Las Vegas High Rise Condos.

Anthony Phillips

http://www.mylvcondosales.com/
www.facebook.com/LasVegasCondos

Realtor Marketing Services http://www.luxuryrealestatepartners.com/

Palms Place Condos were on the market for an average of 153 days and there are currently 33 condos on the market with $129,900 being the lowest priced condo currently available.

For current condos for sale or lease, visit our Palms Place Condos and Market Report pages for data on the majority of the Las Vegas High Rise Condos.

Anthony Phillips

http://www.mylvcondosales.com/
www.facebook.com/LasVegasCondos

Realtor Marketing Services http://www.luxuryrealestatepartners.com/

Newport Lofts were on the market for an average of 240 days and there is currently 3 condos on the market with $209,900 being the lowest priced condo currently available.

For current condos for sale or lease, visit our Newport Lofts and Market Report pages for data on the majority of the Las Vegas High Rise Condos.

Anthony Phillips
http://www.mylvcondosales.com/
www.facebook.com/LasVegasCondos

Realtor Marketing Services http://www.luxuryrealestatepartners.com/

MGM Signature Condos First Quarter Market Report For  2012

MGM Signature Condos sold 44 residences in the first quarter with an average selling price of $224,787 with an average price per foot of $327.

MGM Signature Condos were on the market for an average of 140 days and there are currently 83 condos on the market with $112,955  being the lowest priced condo currently available.

For current condos for sale or lease, visit our MGM Signature Condos and Market Report pages for data on the majority of the Las Vegas High Rise Condos.

Anthony Phillips
http://www.mylvcondosales.com/
www.facebook.com/LasVegasCondos

Realtor Marketing Services http://www.luxuryrealestatepartners.com/

Allure Las Vegas condos were on the market for an average of 113 days and there are currently 15 condos on the market with $125,000 being the lowest priced condo currently available.

Allure Las Vegas  had an average rental price of $1361  for the first quarter with an average of 70 days on the market.

For current condos for sale or lease, visit our Allure Las Vegas and Market Report pages for data on the majority of the Las Vegas High Rise Condos.
Anthony Phillips
http://www.mylvcondosales.com/
www.facebook.com/LasVegasCondos

Realtor Marketing Services http://www.luxuryrealestatepartners.com/

Las Vegas High Rise Condos were on the market for an average of 127 days and there are currently 385 condos on the market.

For current condos for sale or lease, visit our http://www.mylvcondosales.com/

Anthony Phillips
http://www.mylvcondosales.com/
www.facebook.com/LasVegasCondos

Realtor Marketing Services http://www.luxuryrealestatepartners.com/

Turnberry Towers Las Vegas condos were on the market for an average of 87 days and there are currently 26 condos on the market with $209,950  being the lowest priced condo currently available.

Turnberry Towers Las Vegas had an average rental price of $1475 for the month of February  with an average of 52 days on the market.
For current condos for sale or lease, visit our Turnberry Towers Las Vegas and Market Report pages for data on the majority of the Las Vegas High Rise Condos.

Anthony Phillips
http://www.mylvcondosales.com/
www.facebook.com/LasVegasCondos

Realtor Marketing Services http://www.luxuryrealestatepartners.com/

ABOUT TURNBERRY TOWERS, LAS VEGAS

Turnberry Associates legacy of building refined high-rise living and unparalleled world-class service in Las Vegas continues with Turnberry Towers.

The builder’s first Las Vegas development, Turnberry Place, set the bar impossibly high for all other high-rise developments that followed. Now Turnberry Towers Las Vegas brings many of those same high-end refinements and exceptional amenities to a new address just east of the Las Vegas Strip featuring one-, two- and three-bedroom luxury condominiums and penthouses.

A gated entryway leads you to Turnberry Towers’ private, 13-acre paradise of lush landscaping and putting greens, along with the largest and most beautiful outdoor swimming pool with cascading waterfalls in Las Vegas.

Home owners of Turnberry Towers Las Vegas have access to many exceptional amenities within each 45-story tower featuring its own fitness facility, pool and sundeck. Staff members are on hand 24/7 at the gate house and building lobbies to welcome you home. And Turnberry Towers professional concierge service can direct you to anything from the grandest shows to the latest fashion boutiques in town.

Created for the most discerning buyers, Turnberry Towers condos’ luxury features include Snaidero cabinetry, whirlpool tubs, granite countertops and top of the line kitchen appliances, and bedroom terrace that brings the glow of city lights and mountain ranges prominently into view.

Right now, condos in Turnberry Towers Las Vegas for sale present a rare ownership opportunity at an exceptionally great value, complete with HOA fees that are less than most other high-rise developments.

Our team of Las Vegas real estate specialists is ready to provide you with our unique market insights and personalized service to help you feel completely confident about your next real estate transaction. Please contact us today.702.482.8885 or email us at Anthony@mylvcondosales.com