Visit our website at www.luxrealestateadvisors.com
Luxury Real Estate Management’s New Listing Metropolis #607 -2 Story Residence w/ Wynn Golf Course and Strip Views
This 2bd, 2 level residence offers Oak Wood floors, custom solar shades, stainless steel appliances, granite countertops, walk in closets with full built-ins & 10ft ceilings. Exterior amenities include views of Wynn Golf course & Las Vegas Strip Skyline, concierge service, oversized swimming pool w/lush courtyard and a fitness facility.
Veer Towers Residence #1001- Luxury Real Estate Management’s New Lease Listing
Stunning executive 1 bedroom, 1 bath furnished residence. This unit has been professionally decorated with high end furniture and has views of the Strip, MGM Grand, Mandarin Oriental and Mountains. Veer Towers is a residential only building at CityCenter Las Vegas.
Luxury Real Estate Management‘s newest residence at Mandarin Oriental Las Vegas
Mandarin Oriental Las Vegas condos combine the prestige of an internationally-renowned brand, unparalleled amenities, spectacular Strip views, and dramatic design with Mandarin Oriental’s celebrated world-class, five-star hotel service. This one bedroom residence offers views of Aria/west Mountains, hardwood floors and Thermador and Bosch appliances.
Mandarin Oriental Las Vegas condo residents are treated as permanent guests of the Mandarin Oriental Las Vegas and enjoy privileged access to all the amenities and services of this ultra-luxury landmark hotel. Mandarin Oriental residents have 24-hour access to gourmet cuisine, doorman, housekeeping, valet services, and a concierge service, as well as an array of dining, entertainment and well-being facilities, including a 27,000-square-foot spa and 8th Floor pools and decks.
Contact us today for more information 7024828885 or anthony@lvluxpm | http://www.lvluxpm.com/
Veer Towers #707 – Luxury Real Estate Management’s New Lease Listing
Strip Views From This FULLY FURNISHED 2bd/2.5ba at Veer Towers
Fully furnished residence offers 2 bedrooms and 2 1/2 baths with strip views! This residence is completely turn-key and is one of the largest two bedroom floor plans in Veer. 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.
For more information, please contact us at Anthony@mylvcondosales.com
Luxury Real Estate Management’s Listing at Sky Las Vegas #2009 – Strip and Mountain Views from this 2bd Residence
Sky Las Vegas condos feature luxurious finishes and amazing views. Amenities include valet parking, fitness center, business center, spa, billiard room, concierge services and over an acre of green space including a pool and gardens.
Contact us today for a tour Anthony@mylvcondosales.com
For more information, please visit:
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/
International investors made $7.97 billion in U.S. commercial-property purchases this year through April, a 25 percent jump from the same time in 2012, according to Real Capital Analytics Inc. Their $27.5 billion in deals in all of last year was almost six times the $4.7 billion low in 2009, the research firm said.
With deals including the tallest buildings in Los Angeles and Minneapolis, cross-border buyers are contributing to a U.S. real estate recovery that has seen prices by some measures reach new peaks. Sellers are taking advantage of the rising values and demand. Blackstone Group LP, the second-biggest U.S. office landlord, has said it expects strong interest from sovereign-wealth funds for properties it plans to sell starting this year.
via World Chasing U.S. Yield With 25% Deal Jump: Real Estate – Bloomberg.
Vdara Las Vegas Condos For Sale
Vdara Condos at City Center offer modern interiors spaces including kitchens with the latest technology, all in a stylish atmosphere. This residence offers stunning views of the Las Vegas Strip, Bellagio , Paris Las Vegas and the surrounding mountains. Vdara Condos are located just steps from the Aria Casino at City Center.
Contact us today for a tour Anthony@mylvcondosales.com
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. For available condos for sale, please visit http://www.mylvcondosales.com/las-vegas-strip-area-condos/veer-citycenter-las-vegas/
Palms Place #3119 – Fully Furnished Studio with West/Mountain Views
Studio unit w/stunning city & mountain views! Amenities like no other high rise, experience the Palms lifestyle! Comfortable living room, just enough of everything you could possibly want just steps away. Upgrades include stainless kitchen, jetted tub, plasma TV’s & luxurious furnishings. Please visit the Palms Place website for amenities and virtual tours.
Contact us today for a tour Anthony@mylvcondosales.com
For more information, please visit:
http://www.mylvcondosales.com/las-vegas-condos-for-rent/featured-rentals/
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
Data provided by the MLS and is deemed reliable but not guaranteed.
Las Vegas Condos For Sale 
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