The Martin Condos – Page 2 – Las Vegas Condos For Sale

May 21, 2013May 22, 2013

Luxury Real Estate Management’s New Listing at The Martin #2008 – Strip Views and City Views

Views of Bellagio, Mirage and Trump from this 1400sf+ 2bd Residence. Martin building amenities include the library lounge, Range Rover car service, resort style pool with day beds and grilling areas and one of the best gyms in Las Vegas high-rise. The Martin is located just steps from CityCenter, Cosmo and Bellagio.

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

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

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

Anthony Phillips Las Vegas — Anthony Phillips

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

October 24, 2012

The Martin Las Vegas Condos Third Quarter Market Report for 2012

The Martin Las Vegas Condos Third Quarter Market Report for 2012

The Martin sold 27 residences in the 3^rd quarter of 2012 with an average sale price of $376,393 and 21 days on market. Currently there are 32 condos on the market with $218,900 being the lowest priced condo available.

The Martin rentals averaged $2,151 per month with an average of 50 days to find a tenant.

For Las Vegas Condo Investment data, please visit: http://www.mylvcondosales.com/investments/

Anthony Phillips

www.mylvcondosales.com

www.facebook.com/LasVegasCondos

June 27, 2012July 3, 2012

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

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

June 14, 2012

The Martin Las Vegas | Condos For Sale and Rent

MyLvCondoSales.com is now offering a stunning 1bd residence at the Martin Las Vegas.

Rental unit amenities also include: Las Vegas Strip View, a 240 square foot patio with mountain view, electronic window shades and internet HD TV sets.

Building Amenities also include: On-site manager and concierge service, Conference board room, day beds at the swimming pool, library room, Range Rover Car Service.

For more information on Martin Condos for rent, please visit MyLvCondoSales.com

October 13, 2011July 15, 2012

The Martin Las Vegas Condos For Sale | Martin Condos For Rent

The Martin, a condo development formally known as Panorama North, is located on Dean Martin drive directly behind the world famous CityCenter Las Vegas. The Martin offers condos ranging in sizes from 1035 SQ feet to over 1900 square feet and offers some of the best views of the Las Vegas strip and surrounding mountains. The Martin includes dramatically different interior/common area finishes than the first two Panorama buildings and offers a swimming pool with cabanas, indoor and outdoor spas, an outdoor seating area with fire pit, a fully equipped gym, and a conference room which is one of the nicest in high-rise.

The Martin Las Vegas condos have one of the lowest home owners assoc dues at .49 per SQ foot and included in the HOA”s and two bedroom pricing starts in the low $200,000’s with rental prices starting at $1800/month

For a full list of available residences including pictures and video, visit the #1 Las Vegas High Rise Condo site at http://www.mylvcondosales.com