The Martin #3809-Stunning Strip Views from this 2Bd w\Balcony Residence
This 38nd floor Sky Collection 2bd w/balcony residence offers floor to ceiling windows and panoramic views of the Las Vegas Strip. Additional features included hardwood floors throughout, electronic shades, stainless-steel appliances and custom cabinets. This residence is new and has never been lived in.
The Martin building amenities included 24 hour concierge, pool with cabanas, plush outdoor lounge areas, the library lounge, fitness/yoga studio and chauffeured Range Rover car service. The Martin is located just steps from MGM’s CityCenter, Cosmopolitan and Bellagio.
The Martin #4208-Amazing Strip Views from this High Floor 2.5Bd Residence
A rare opportunity to live in one of the highest private residences in Las Vegas. This 42nd floor Sky Collection 2bd/den residence offers floor to ceiling windows with views of Bellagio, Wynn and Trump Tower. Additional features included hardwood floors throughout, electronic shades, stainless-steel appliances and custom cabinets. This residence is new and has never been lived in.
The Martin building amenities included 24 hour concierge, pool with cabanas, plush outdoor lounge areas, the library lounge, fitness/yoga studio and chauffeured Range Rover car service. The Martin is located just steps from MGM’s CityCenter, Cosmopolitan and Bellagio.
The Martin #305–Live Steps Away From CityCenter/LV Strip at this 2Bd Residence.
Two bedroom, two bath unit with new wood floors and drop shades. The 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, Cosmopolitan and Bellagio.
Contact us today for a tour Anthony@mylvcondosales.com
The Martin #2100-Strip/Mountain Views From This Fully Furnished 1BD/1BA
Residence includes Las Vegas Strip View, wood floors, a 240 square foot patio with mountain views, electronic window shades and internet HD TV sets. Building Amenities include concierge service, conference board room, day beds at the pool, library room and a Range Rover car service. The Martin is located just behind CityCenter.
Contact us today for a tour Anthony@mylvcondosales.com
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.
Contact us today for a tour Anthony@mylvcondosales.com
The Martin Las Vegas Condos Third Quarter Market Report for 2012
The Martin sold 27 residences in the 3rd 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 Martinrentals averaged $2,151 per month with an average of 50 days to find a tenant.
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
Las Vegas Condos For Sale 
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