CityCenter Las Vegas – Page 5 – Las Vegas Condos For Sale

May 7, 2013

Vdara Corner Residence #9047- Strip, Mountain & Pool Views from this 1bd

Vdara Condos at City Center offer modern interiors spaces including kitchens with the latest technology, all in a stylish atmosphere. This 1bd residence offers stunning views of the Vdara Pool, Aria Hotel and Casino, and the surrounding mountains. Vdara Condos are located just steps from the Bellagio Hotel and Aria Casino at CityCenter.

For more information, please visit
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/

May 5, 2013May 5, 2013

CityCenter Las Vegas | Aria | Vdara | Veer Towers | Mandarin Oriental

April 29, 2013

Veer Towers Studio Fully Furnished with partial Strip views #1710

Veer Towers is a residential only building at City Center Las Vegas. This studio unit is being offered for lease fully furnished (turnkey) with partial Strip views.

For more information, please visit
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/

April 24, 2013

Veer Towers Stunning 1bd/1ba #504

Veer Towers Stunning 1bd/1ba #504 ($2000)

Veer Towers is a residential only building at City Center Las Vegas. This gorgeous one bedroom unit is being offered for lease with stainless steel appliances, custom paint, floor to ceiling windows, and views of the Aria fountains.

For more information, please visit
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/

April 23, 2013

Veer Towers Gorgeous Fully Furnished 1bd/1ba #506

Veer Towers is a residential only building at City Center Las Vegas. This gorgeous corner one bedroom unit is being offered for lease fully furnished with floor to ceiling windows throughout, and spectacular Strip views.

For more information, please visit
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/

April 19, 2013

Veer Towers Furnished 3bd with Bellagio Lake Views #2701

This gorgeous three bedroom residence is being offered for lease fully furnished (turnkey) and features custom high end furniture, floor to ceiling windows throughout, and spectacular Strip views including a direct view of Bellagio Lake!

Veer Towers at City Center residents enjoy stunning, unobstructed views of the Las Vegas Strip with interior features of stainless steel appliances, European style cabinets and stone flooring. Veer Towers condo amenities include a 37th floor rooftop pool, residents lounge and gym. Live just steps from the world famous Aria Hotel/Casino.

April 11, 2013August 22, 2013

Las Vegas High-Rise Condo Market Report | MyLvCondos.com

2013 Q1 Las Vegas High-Rise Condo Market Report | MyLvCondoSales.com

The Las Vegas high-rise condo market continues to see significant improvements for the second year in a row. If we compare yearly average sale price per square foot from the 1st Quarter 2012 ($213) to 1st Quarter 2013 ($299) we see in increase of avg price/sf of 29%.

Here is a brief summary of significant events:

Both Mandarin Oriental Residences and Veer Towers have sold more residences in the quarter then they had in the previous 2 years combined. The investment group which purchased the remaining residences at Veer has put some residences back on the market at very attractive price points. They currently have a 3rd floor 2bd residence for $458,000, contact us for details.

Trump Tower is the new hot property in the condo-hotel segment due to its quality and the announcement of Genting’s new $5 billion project being built next door. See link for details:

http://www.vegasinc.com/news/2013/mar/05/new-genting-mega-resort-expected-be-big-boost-stri/

Along with the Genting group’s project, the SLS is going into the old Sahara site and the LVCA just approved at $2.5 billion overhaul of its facilities. Our team is already working with the SLS team for housing their executives at Turnberry Towers. These projects will especially benefit the north strip properties of Turnberry Towers, Sky Las Vegas, Allure Las Vegas and Trump.

Turnberry Towers has 1bd residences with views of the new SLS starting at $220,000 with tenants in place paying $1500’s per month- Contact us for details.

http://slshotels.com/lasvegas/

http://www.vegasinc.com/news/2013/feb/26/lvcva-approves-first-phase-25-billion-convention-c/

We have added an investment page on our website which shows both sales/leasing data for the majority of the high-rise projects, please visit http://www.mylvcondosales.com/investments/

Las Vegas Condo Stats

Number of Properties Sold – 179

Avg Sale Price – $449,253

Avg Sale Price/SqFt- $299

Avg Days on Market – 76

Current Inventory on MLS – 371

Allure Las Vegas

Number of Properties Sold – 7

Avg Sale Price – $313,714

Avg Sale Price/SqFt- $209

Avg Days on Market – 149

Current Inventory on MLS – 22

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/allure-las-vegas/

Mandarin Oriental

Number of Properties Sold – 6 (some developer sales are not reflected in this data)

Avg Sale Price – $1,407,323

Avg Sale Price/SqFt- – $693

Avg Days on Market – 21

Current Inventory on MLS – 17

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/mandarin-las-vegas/

MGM Signature

Number of Properties Sold – 20

Avg Sale Price – $208,625

Avg Sale Price/SqFt- – $336

Avg Days on Market – 81

Current Inventory on MLS – 50

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/mgm-signature-las-vegas/

Newport Lofts

Number of Properties Sold – 1

Avg Sale Price – $410,000

Avg Sale Price/SqFt- $150

Avg Days on Market – 10

Current Inventory on MLS – 4

For current inventory, please visit:

http://www.mylvcondosales.com/downtown-vegas-condos/newport-lofts-las-vegas/

Palms Place

Number of Properties Sold – 10

Avg Sale Price – $188,500

Avg Sale Price/SqFt- $257

Avg Days on Market -50

Current Inventory on MLS – 21

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/palms-place-las-vegas/

Panorama Towers

Number of Properties Sold – 10

Avg Sale Price – $399,550

Avg Sale Price/SqFt- $243

Avg Days on Market – 53

Current Inventory on MLS – 20

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/panorama-towers-las-vegas/

The Martin

Number of Properties Sold – 26

Avg Sale Price – $414,019

Avg Sale Price/SqFt- $311

Avg Days on Market – 30

Current Inventory on MLS – 18

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/martin-condos/

One Queensridge Place

Number of Properties Sold – 15

Avg Sale Price – $1,187,533

Avg Sale Price/SqFt- $368

Avg Days on Market – 55

Current Inventory on MLS -20

For current inventory, please visit:

http://www.mylvcondosales.com/summerlin-condos/one-queensridge-place/

Sky Las Vegas

Number of Properties Sold- 21

Avg Sale Price – $256,984

Avg Sale Price/SqFt- $215

Avg Days on Market – 97

Current Inventory on MLS – 9

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/sky-las-vegas-condos/

Turnberry Place

Number of Properties Sold – 13

Avg Sale Price – $583,462

Avg Sale Price/SqFt- $215

Avg Days on Market – 73

Current Inventory on MLS – 27

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/turnberry-place-las-vegas/

Turnberry Towers

Number of Properties Sold – 8

Avg Sale Price – $315,081

Avg Sale Price/SqFt- $260

Avg Days on Market – 56

Current Inventory on MLS -17

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/turnberry-towers-las-vegas/

Trump Towers (some developer sales are not reflected in this data)

Number of Properties Sold – 16

Avg Sale Price – $380,538

Avg Sale Price/SqFt- $494

Avg Days on Market – 59

Current Inventory on MLS- 31

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/trump-towers-las-vegas/

Veer CityCenter (some developer sales are not reflected in this data)

Number of Properties Sold- 3

Avg Sale Price- $386,667

Avg Sale Price/SqFt- $460

Avg Days on Market- 158

Current Inventory on MLS- 23

For current inventory, please visit:

http://www.mylvcondosales.com/las-vegas-strip-area-condos/veer-citycenter-las-vegas/

If our team can help you buy, sell, lease or manage a Las Vegas high-rise condo, please give us a call/email.
Thanks,

Anthony J. Phillips

Owner/Realtor
Luxury Real Estate Management
3960 Howard Hughes Parkway Suite 500, Las Vegas, NV 89169
P: 702.482.8885 | F: 702-302-4486
MyLvCondoSales.com | MyLvHomeSales.com
HighRise Blog MyLvCondos.com
Property Management LvLuxPm.com

Data provided by the MLS and is deemed reliable but not guaranteed.

Panorama Towers Loft 2-105

March 23, 2013April 22, 2013

Residences at Mandarin Oriental Las Vegas | Updated Pricing

New Reduced Pricing at the Residences at Mandarin Oriental Las Vegas

Mandarin Luxury Residences

Mandarin Residence 3901, $680,000 @ 1,084 sq. ft.

This one bedroom residence faces South Las Vegas Blvd
Floor plan Chi Plan D.
Color palette: Imperial Orchid
Monthly HOA: $1,253
Estimated annual property tax: $5.200.

Mandarin Residence 3802, $654,000 @ 1,090 sq. ft.

This one bedroom residence faces South Las Vegas Blvd
Floor plan Chi Plan A.
Color palette: Sovereign Jade
Monthly HOA: $1,257
Estimated annual property tax: $5,232.

Mandarin Residence 3910, $663,000 @ 1,105 sq. ft.

This one bedroom residence faces the Southwest mountains and the Aria Resort
Floor plan Chi Plan C.
Color palette:
Monthly HOA: 1,268
Estimated annual property tax: $5,304

Mandarin Residence 3907, $1,029,000 @ 1,583 sq. ft.

This one bedroom + den faces East directly overlooking Las Vegas Blvd as well as views to the North.
Floor plan Chi Deluxe C.
Color palette: Sovereign Jade
Monthly HOA: $1,558.
Estimated annual property tax: $8,232

Mandarin Residence 3303, $1,074,000 @ 1,652 sq. ft.

This one bedroom + den has views of South Las Vegas Blvd.
Floor plan Chi Deluxe Plan A.
Color palette: Imperial Orchid
Monthly HOA: $1,606.
Estimated annual property tax: $8,592

Mandarin Residence 3403, $1,074,000 @ 1,652 sq. ft.

This one bedroom + den has views of South Las Vegas Blvd.
Floor plan Chi Deluxe Plan A.
Color palette: Sovereign Jade
Monthly HOA: $1,606.
Estimated annual property tax: $8,592

Mandarin Residence 3803, $1,074,000 @ 1,652 sq. ft.

This one bedroom + den has views of South Las Vegas Blvd.
Floor plan Chi Deluxe Plan A.
Color palette: Imperial Orchid
Monthly HOA: $1,606.
Estimated annual property tax: $8,592

Mandarin Residence 3509, $1,361,000 @ 2,094 sq. ft.

This two bedroom unit has sunset views to the West, directly overlooks the beautiful entrance to the Aria Casino and North views including the Bellagio Lake.
Orient Plan C floor plan.
Color palette: Sovereign Jade
Monthly HOA: $1,911.
Estimated annual property tax: $10,888

Mandarin Residence 3709, $1,361,000 @ 2,094 sq. ft.

This two bedroom unit has sunset views to the West, directly overlooks the beautiful entrance to the Aria Casino and North views including the Bellagio Lake.
Orient Plan C floor plan.
Color palette: Sovereign Jade
Monthly HOA: $1,911.
Estimated annual property tax: $10,888

Mandarin Residence 3604, $1,667,000 @ 2,563 sq. ft.

This two bedroom unit faces South Las Vegas Blvd and directly East overlooking the Strip.
Orient Plan B floor plan.
Color palette: Imperial Orchid
Monthly HOA: $2,235.
Estimated annual property tax: $13,336.

Mandarin Residence 3804, $1,801,000 @ 2,563 sq. ft.

This two bedroom is a model home and comes fully furnished. This residence faces South Las Vegas Blvd and directly East overlooking the Strip.
Orient Plan B floor plan.
Color palette: Majestic Pearl
Monthly HOA: $2,235.
Estimated annual property tax: $13,336.

Mandarin Residence 4008, $1,892,000 @ 2,910 sq. ft.

This two bedroom unit directly overlooks Las Vegas Blvd as well as North strip views.
Orient Plan A floor plan.
Color palette: Imperial Orchid
Monthly HOA: $2,475.
Estimated annual property tax: $15,136.

Mandarin Residence 3605, $2,249,000 @ 2,998 sq. ft.

This two bedroom + den faces North Las Vegas Blvd as well as directly East overlooking the Strip.
Orient Deluxe Plan A floor plan.
Color palette: Sovereign Jade
Monthly HOA: $2,535.
Estimated annual property tax: $17,992

Mandarin Penthouse Collection

Mandarin Penthouse Residence #4103, $3,184,000 @ 3,980 sq. ft.

This is a three bedroom penthouse that has full strip views of Las Vegas Blvd. spanning from the Southwest, across to the East to the North.
Floor plan Dynasty Deluxe Plan B
Monthly HOA: $3,213
Estimated annual property tax: $25,472

Mandarin Penthouse Residence #4306, $3,138,000 @ 3,922 sq. ft.

This is a three bedroom penthouse that has a nearly 360 degree view of Las Vegas. Views are of the East, North Las Vegas Blvd., western mountain ridge and South Las Vegas Blvd.
Floor plan Dynasty Deluxe Plan A
Monthly HOA: $3,173
Estimated annual property tax: $25,104

Anthony J. Phillips
Owner/Realtor
Luxury Real Estate Management
3960 Howard Hughes Parkway Suite 500, Las Vegas, NV 89169
P: 702.482.8885 | F: 702-302-4486
MyLvCondoSales.com | MyLvHomeSales.com
HighRise Blog MyLvCondos.com
Property Management LvLuxPm.com

February 9, 2013

2012 Las Vegas Condo Market Report | MyLvCondoSales.com

2012 Las Vegas High-Rise Condo Market Report | MyLvCondoSales.com

The Las Vegas high-rise condo market continues to see significant improvements for the second year in a row. If we compare yearly average sale prices in 2010 ($231,100), 2011 ($270,721) and 2012 ($313,048) we see in increase of avg sale price by 27%.

Our team at Award Realty continues to be the #1 office in regards to sales and leasing in the high-rise segment and hold the records for the highest resale price/sf at Vdara and Veer. In addition, my team also holds the record for highest leasing price/sf in the city for 2012. (Mandarin 2bd at $6500/month).

Here is a brief summary of significant events:

CityCenter Residential sold the remaining residences at Veer towers which totaled 427 condos for roughly $120 million. The new investment group plans on putting 100 of these residences back on the resale market at reduced prices and many are tenant occupied and can provide immediate cash flow. For more information on Veer, please email us.

ST Residential, owners of Juhl, Ogden, Loft 5 and One Las Vegas will be putting these (entire) buildings up for sale in the next 30 days so I anticipate the new ownership groups will start adding inventory to the resale market. Currently, ST has only offered leasing at these buildings but we think there is significant sale demand especially at Juhl and Ogden which are located Downtown.

Turnberry Place continues to see significant challenges due to the Stirling Club being closed and the Fountainblue casino project next door being stalled. The price/sf at Turnberry Place is attractive and there could be upside potential at this project if Stirling opens or if any of the north strip casino projects get completed.

Trump Tower sold 300 residences to the Hilton chain and is outperforming the other condo hotels from a price/sf basis.

The Martin sold 89 residences in 2012 which was the highest of any condo project other than MGM Signature. The Martin continues to be a popular property due to its low homeowner’s association dues, high rental demand, and its close proximity to CityCenter.

Panorama Towers resolved its construction defect litigation and put a significant amount of cash back into the property by improving the valet and common areas. The resolution of litigation should open the building back up for financing so I anticipate Panorama will have a good year in 2013.

Las Vegas Condo Stats

Number of Properties Sold – 708
Avg Sale Price – $305,174
Avg Sale Price/SqFt- $261
Avg Days on Market – 83
Current Inventory on MLS – 361

We have a breakdown of specific buildings including average rental rates on our new investment page, please visit:
http://www.mylvcondosales.com/investments/

Allure Las Vegas

Number of Properties Sold – 53
Avg Sale Price – $206,524
Avg Sale Price/SqFt- $175
Avg Days on Market – 74
Current Inventory on MLS – 20
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/allure-las-vegas/

Mandarin Oriental

Number of Properties Sold – 4
Avg Sale Price – $1,837,250
Avg Sale Price/SqFt- – $815
Avg Days on Market – 130
Current Inventory on MLS – 18
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/mandarin-las-vegas/

MGM Signature

Number of Properties Sold – 161
Avg Sale Price – $193,552
Avg Sale Price/SqFt- – $295
Avg Days on Market – 106
Current Inventory on MLS – 18
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/mgm-signature-las-vegas/

Newport Lofts

Number of Properties Sold – 7
Avg Sale Price – $143,914
Avg Sale Price/SqFt- $101
Avg Days on Market – 101
Current Inventory on MLS – 7
For current inventory, please visit:
http://www.mylvcondosales.com/downtown-vegas-condos/newport-lofts-las-vegas/

Palms Place

Number of Properties Sold – 52
Avg Sale Price – $181,859
Avg Sale Price/SqFt- $253
Avg Days on Market – 112
Current Inventory on MLS – 18
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/palms-place-las-vegas/

Panorama Towers

Number of Properties Sold – 53
Avg Sale Price – $269,833
Avg Sale Price/SqFt- $194
Avg Days on Market – 73
Current Inventory on MLS – 29
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/panorama-towers-las-vegas/

The Martin

Number of Properties Sold – 89
Avg Sale Price – $348,470
Avg Sale Price/SqFt- $282
Avg Days on Market – 19
Current Inventory on MLS – 24
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/martin-condos/

One Queensridge Place

Number of Properties Sold – 13
Avg Sale Price – $1,119,307
Avg Sale Price/SqFt- $330
Avg Days on Market – 219
Current Inventory on MLS -18
For current inventory, please visit:
http://www.mylvcondosales.com/summerlin-condos/one-queensridge-place/

Sky Las Vegas

Number of Properties Sold- 57
Avg Sale Price – $216,460
Avg Sale Price/SqFt- $181
Avg Days on Market – 80
Current Inventory on MLS – 18
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/sky-las-vegas-condos/

Turnberry Place

Number of Properties Sold – 53
Avg Sale Price – $424,542
Avg Sale Price/SqFt- $184
Avg Days on Market – 114
Current Inventory on MLS – 25
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/turnberry-place-las-vegas/

Turnberry Towers

Number of Properties Sold – 34
Avg Sale Price – $332,141
Avg Sale Price/SqFt- $262
Avg Days on Market – 66
Current Inventory on MLS -19
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/turnberry-towers-las-vegas/

Trump Towers

Number of Properties Sold – 65
Avg Sale Price – $267,276
Avg Sale Price/SqFt- $409
Avg Days on Market – 71
Current Inventory on MLS- 27
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/trump-towers-las-vegas/

Veer CityCenter

Number of Properties Sold- 4
Avg Sale Price- $392,750
Avg Sale Price/SqFt- $447
Avg Days on Market- 33
Current Inventory on MLS- 15
For current inventory, please visit:
http://www.mylvcondosales.com/las-vegas-strip-area-condos/veer-citycenter-las-vegas/

Anthony Phillips
702-482-8885
Anthony@mylvcondosales.com