Allure is one of the best-selling high rise community in Las Vegas outside of CityCenter for good reason. If you’re looking for a higher standard in luxury living – along with an outstanding value – you’ll find both at Allure.
Allure Las Vegas offers contemporary spaces that include over-sized Italian porcelain tile flooring, nine-foot ceilings, spacious master suites, large walk-in closets, European-style cherry cabinets, granite counter-tops, designer faucets, stainless steel appliances, an advanced wiring network, safety systems and exceptional sound attenuation between residences for a relaxing sanctuary away from the hustle and bustle of the Strip.
Just some of the amenities that come with an Allure Las Vegas condo include a private outdoor pool and cabanas, club room with catering kitchen, state-of-the-art fitness facility, business center, media room, secure parking, 24-hour doorman, valet service, and a unique program called Allure Now™ – a signature five-star concierge service available exclusively to Allure condo owners.
Residences are available to own or lease with a choice of floor plans that include studio, one-, two- and three-bedroom homes, ranging in size from 670 to 4,400 square feet.
It looks as though the Las Vegas High-Rise condo market is finally starting to rebound.
When comparing the 1st and 2nd quarters of this year, average price per square foot increased from $213 to $256 and the length of time it takes to sell a condo reduced from 127 to 72 days. We are seeing inventory shrinking at the majority of the projects which should improve pricing in the 2ndhalf of the year. We are also seeing banks start to loan on at least ½ of the condo projects which will increase the buyer pool/demand over the next 12 months.
Las Vegas Condos
Rental inventory is continuing to shrink and there has been an average of a $100-$400 increase in rents in almost all properties depending on the size of the residence.
I have added some informative data to the new Investments page on our website which includes condo development statistics and all Las Vegas High Rise condo leases over the prior 12 months. Please visit http://www.mylvcondosales.com/investments/
The following is a brief update for projects that have had significant news/events.
Panorama Towers recently won its construction defect lawsuit is using the proceeds to make significant improvements to their common areas. Enhancements to the front, porte-cochere, pool areas and dog parks are expected by the end of year and there are some tenants planned to take over the retail space at the front of the building.
The Martin, which was formerly Panorama Tower North, continues to see increased sales and our team recently leased a 1bd residence at $2250 which was the highest non/Mandarin 1bd lease in the last 12 months.
The Martin Las Vegas Condos
Allure Las Vegas recently sold out of their developer inventory so the resale market will be the only option when purchasing. New casino plans have been announced for the small lot next to Allure and the re-opening of the Sahara in early 2014 should help the area.
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 has closed which has had a significant impact on values. I think there is upside at Turnberry Place if the club is re-opened and the projects that are stalled or being re-opened are finished, (Fontainebleau, Sahara)
Las Vegas Condos
Below is a summary of 2nd quarter sales and a breakdown for each building. This data comes from our Multiple Listing Service and may not include all developer sales.
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 a residence, 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
http://www.mylvcondosales.com
Property Management http://www.lvluxpm.com
Allure Las Vegas sold 17 residences in the second quarter with an average selling price of $250,121 with an average price per foot of $191. Allure Las Vegas condos were on the market for an average of 31 days and there are currently 19 condos on the market with $140,000 being the lowest priced condo currently available.
Allure Las Vegas had an average rental price of $1363 for the second quarter with an average of 53 days on the market.
Allure Las Vegas sold 10 residences in the first quarter with an average selling price of $174,625 with an average price per foot of $154.
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.
Allure Las Vegas sold 3 residences in February with an average selling price of $236,167 with an average price per foot of $188. Allure Las Vegas condos were on the market for an average of 93 days and there are currently 26 condos on the market with $144,900 being the lowest priced condo currently available.
Allure Las Vegas had an average rental price of $1435 for the month of February with an average of 54 days on the market.
Allure Las Vegas raises luxury condominium living to new heights above the dynamic Las Vegas metropolis, while remaining surprisingly down to earth with its home prices.
This vibrant, 41-story, Las Vegas uptown condominium community on West Sahara Avenue is just steps from Las Vegas Boulevard. Allure in Las Vegas offers you striking views of the Las Vegas Strip and surrounding mountain ranges, all beautifully framed by your home’s floor to ceiling glass walls and spacious private balconies. Inside, the view is equally impressive with Allure’s modern living floorplans, exceptional finishes, and exquisite designer touches.
Allure is the best-selling high rise community in Las Vegas outside of CityCenter for good reason. If you’re looking for a higher standard in luxury living – along with an outstanding value – you’ll find both at Allure.
Allure Las Vegas offers contemporary spaces that include oversized Italian porcelain tile flooring, nine-foot ceilings, spacious master suites, large walk-in closets, European-style cherry cabinets, granite countertops, designer faucets, stainless steel appliances, an advanced wiring network, safety systems and exceptional sound attenuation between residences for a relaxing sanctuary away from the hustle and bustle of the Strip.
Just some of the amenities that come with an Allure Las Vegas condo include a private outdoor pool and cabanas, club room with catering kitchen, state-of-the-art fitness facility, business center, media room, secure parking, 24-hour doorman, valet service, and a unique program called Allure Now™ – a signature five-star concierge service available exclusively to Allure condo owners.
Las Vegas Allure condos are available to own or lease with a choice of floorplans that include studio, one-, two- and three-bedroom homes, ranging in size from 670 to 4,400 square feet.
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
Allure Las Vegas is a stunning 41-story luxury condo tower with studio, one, two and three bedroom condos located at the Las Vegas Strip. Residents enjoy striking views of the Las Vegas Strip and surrounding mountains, superb amenities and exceptional finishes. Priced from the high $100,000s with leases starting in the low $1,000s, Allure Las Vegas offers luxury condos at an affordable price and is arguably the best value in Las Vegas Strip living.
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