Las Vegas High Rise Condos – Page 21 – Las Vegas Condos For Sale

July 14, 2012July 14, 2012

Las Vegas Condo Market Statistics | MyLvCondos.com

It looks as though the Las Vegas High-Rise condo market is finally starting to rebound.

When comparing the 1^st and 2^nd 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 2^ndhalf 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.

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.

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)

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.

Las Vegas Condo Market– Total

Number of Properties Sold -198

Average Sale Price -$293,858

Average Sale Price /SqFt- $256

Average Days on Market- 72

# of Units Currently On Market-404

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

Allure Las Vegas

Number of Properties Sold – 17

Average Sale Price – $250,121

Average Sale Price/SqFt- $191

Average Days on Market-31

# of Units Currently On Market- 19

Lowest Priced Condo Available Now-$140,000

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

Mandarin Oriental

Number of Properties Sold – 2

Average Sale-$2,399,500

Average Sale Price/Foot- $939

Average Days on Market-

# of Units Currently On Market- 17

Lowest Priced Condo Available Now- $1,093,000

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

MGM Signature Condo/Hotel

Number of Properties Sold -44

Average Sale-$183,111

Average Sale Price/Foot-$300

Average Days on Market-96

# of Units Currently On Market-60

Lowest Priced Condo Available Now-$144,900

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

Palms Place Condo/Hotel

Number of Properties Sold – 11

Average Sale Price – $195,845

Average Sale Price/Foot- $253

Average Days on Market- 75

# of Units Currently On Market 23

Lowest Priced Condo Available Now- $140,000

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

Panorama Towers

Number of Properties Sold – 10

Average Sale Price- $269,443

Average Sale Price/Foot-$195

Average Days on Market-81

# of Units Currently On Market-20

Lowest Priced Condo Available Now-$192,500

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

The Martin (formerly Panorama North)

Number of Properties Sold – 29

Average Sale- $336,490

Average Sale Price/Foot- $275

Average Days on Market-12

# of Units Currently On Market-32

Lowest Priced Condo Available Now-$218,900

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

Sky Las Vegas

Number of Properties Sold -14

Average Sale-$202,571

Average Sale Price/Foot-$178

Average Days on Market-76

# of Units Currently On Market-14

Lowest Priced Condo Available Now-$168,000

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

Turnberry Place

Number of Properties Sold -11

Average Sale-$287,364

Average Sale Price/Foot-$157

Average Days on Market-65

# of Units Currently On Market-43

Lowest Priced Condo Available Now-$199,000

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

Turnberry Towers

Number of Properties Sold -10

Average Sale-$351,490

Average Sale Price/Foot-$272

Average Days on Market- 53

# of Units Currently On Market- 27

Lowest Priced Condo Available Now- $195,000

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

Trump Condo/Hotel

Number of Properties Sold – 17

Average Sale- $261,838

Average Sale Price/Foot- $397

Average Days on Market- 46

# of Units Currently On Market- 24

Lowest Priced Condo Available Now- $185,000

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

Vdara Condo/Hotel

Number of Properties Sold -0

Average Sale- 0

Average Sale Price/Foot- 0

Average Days on Market- 0

# of Units Currently On Market- 18

Lowest Priced Condo Available Now- $370,000

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

Veer Towers

Number of Properties Sold -2

Average Sale-$396,550

Average Sale Price/Foot-$474

Average Days on Market-2

# of Units Currently On Market-18

Lowest Priced Condo Available Now-$392,000

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

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

The Las Vegas economy continued to see improvements

Gaming Rev up Strip +5.4%

Downtown +8.9%

Visitor Volume +2.4%

Average Daily Room Rates +3.4%

Convention Business +27.5

Average Daily Auto-Traffic to LV +7.1

Airline Traffic at McCarran +3%

There are $3.5 Billion in new projects or property remodels currently underway or planned for 2012 with another $800m planned for 2013.

For more information visit http://www.lvcva.com/stats-and-facts/visitor-statistics/

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

July 3, 2012

Las Vegas High Rise Condo Second Quarter Market Report for 2012

Las Vegas High Rise Condo Second Quarter Market Report for 2012

Las Vegas High Rise Condos sold 198 residences in the second quarter with an average selling price of $293,858 with an average price per foot of $256.

Las Vegas High Rise Condos were on the market for an average of 127 days and there are currently 404 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/

July 2, 2012July 2, 2012

Residences at Mandarin Oriental Las Vegas | Mandarin Spa

One of only 30 spas in the world to receive the esteemed Forbes Five-Star award, The Spa at Mandarin Oriental, Las Vegas, offers a deeply therapeutic experience, in surroundings that reflect the exotic luxury of 1930s Shanghai. Mandarin’s philosophy is to deliver all aspects of wellness, physical and emotional, and provide inspiration for lifestyle change.

Offering an array of spa therapies, seven private couple’s suites, multiple relaxation experiences, an expansive Fitness Center and dedicated yoga studio, The Spa provides a completely holistic experience based on the union of modern techniques and Eastern traditional therapies.

Spa Facilities Offered

27,000 square foot, two-floor spa
17 treatment rooms (7 Couples’ Suites and 10 Single Suites)
Chinese Foot Spa
Relaxation lounges with views of Las Vegas Boulevard
Steam Rooms
Experience Showers
Laconium
Hammam
Vitality Pool panoramic views of Las Vegas Boulevard
Ice Fountain
Ladies’ Rhassoul
Men’s Sauna
Spa Boutique
The Salon at Mandarin Oriental

For information on the Residences at Mandarin Oriental Las Vegas, visit http://www.mylvcondosales.com/mandarin-las-vegas/

Residences at Mandarin Oriental Las Vegas | Mandarin Spa

July 1, 2012

Mandarin Residences | Luxury Condos on the Las Vegas Strip

The luxury collection at The Residences at Mandarin Oriental Las Vegas occupy floors 24-40 and consists of one and two bedrooms and one and two bedrooms plus den. These residences range from 1,100 square feet to nearly 3,000 square feet. Residences are finished in a choice of three designer-selected interior finishing schemes featuring elegant hardwood flooring and motorized solar shades.

For a list of residences currently available at Mandarin, please visit http://www.mylvcondosales.com/mandarin-las-vegas/

mandarin oriental las vegas condos — Mandarin Residences Las Vegas

June 27, 2012July 3, 2012

The Martin Las Vegas | Stunning views of the Las Vegas Strip

http://www.mylvcondosales.com/martin-condos/

April 21, 2012April 21, 2012

Las Vegas High Rise Condo Market Report | MyLvCondos.com

1Q Las Vegas High Rise Condo Market Report

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

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

http://www.mylvcondosales.com

Property Management http://www.lvluxpm.com

April 19, 2012July 3, 2012

Panorama Towers Las Vegas Condos First Quarter Market Report For 2012

Panorama Towers Las Vegas Condos First Quarter Market Report For 2012

Panorama Towers Las Vegas sold 15 residences in the first quarter with an average selling price of $280,750 with an average price per foot of $186.

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/

January 16, 2012

Las Vegas High Rise Condo Market Report For December 2011

Las Vegas High Rise Condo Market Report For December 2011

Las Vegas High Rise Condos sold 69 residences in December with an average selling price of $242,747 with an average price per foot of $203. Las Vegas High Rise Condos were on the market for an average of 111 days and there are currently 376 condos on the market with $99,000 being the lowest priced condo currently available.

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/

September 2, 2011July 15, 2012

Veer Towers Penthouse | Las Vegas Strip Condos at CityCenter

Veer Towers at CityCenter Las Vegas is now offering a 36th floor Penthouse residence with over 2500 sq. ft. This two bedroom penthouse condo is on the Northwest corner of the West Tower and offers amazing views of the Cosmopolitan Hotel-Casino, The Bellagio Fountains and Paris Hotel and Casino. Veer Towers condo residents enjoy world-class amenities like a rooftop pool, gym and social room and are within steps of the world famous Las Vegas strip and it’s casinos/dining and entertainment options. Email us today for pricing and to set up a tour.

About CityCenter

CityCenter features ARIA, a 61-story, 4,004-room gaming resort; luxury non-gaming hotels including Las Vegas’ first Mandarin Oriental and Vdara Hotel & Spa; Veer Towers, the development’s only strictly residential buildings; and Crystals, a 500,000-square-foot retail and entertainment district. CityCenter features Viva ELVIS™ by Cirque du Soleil®, celebrating the music and life of Elvis Presley and an unparalleled Fine Art Collection. CityCenter represents the first opportunity to live in the heart of the Las Vegas Strip.

Our team will have access to some of the first resale residences prior to them hitting the market, email us to be put on our Veer Towers interest list at anthony@mylvcondosales.com and visit the Veer page of the #1 visited Las Vegas High Rise condo site, http://www.mylvcondosales.com/

Anthony J. Phillips
Luxury Real Estate Partners | Award Realty
3015 S Jones Blvd Las Vegas, NV 89146
P: 702.482.8885 | F: 702-873-9072
www.luxuryrealestatepartners.com
www.mylvcondosales.com | www.mylvhomesales.com

Veer Towers Penthouse

December 1, 2010October 4, 2013

Veer Towers For Rent | Residences starting at $1250

Veer Tower amenities include a 37th floor rooftop pool, residents lounge and gym. Live just steps from the world famous Aria Hotel/Casino, Crystals Mall at CityCenter and the Cosmopolitan Hotel and casino

Veer Towers studios range in start at 530sf, one bedrooms at 697sf and two bedroom condos start at 1400sf. Pricing and inventory changes weekly so visit our Las Vegas Condo Rentals page for an updated list of available condos