Las Vegas Luxury Properties Link

If you were ever considering buying a high rise in Las Vegas, now is a great time to buy. I say this for a couple of reasons. What is the first rule of prices? Supply and Demand. When there is an over supply and less demand the prices fall, and when the supply is limited and demand is high, prices increase. Which scenario do you think we're in? Unless you've been in a cave for the last two years, you probably know we're in the first situation. Currently there are approximately 766 high rises in Las Vegas ranging from a 1075 sq ft high rise in an older building for $99,000 all the way up to a $20 million penthouse. There is a beautiful unit for everyone depending on the style and price you're looking for. Here are a few stats to give you an idea of where we are currently with our inventory and where we've been: As of September 25, 2008:

• There are 766 high rise units on the market
• There are 48 properties that are under contract (Pending or Contingent)
• 48 of the available properties are foreclosures
• 67 of the available properties are short sales (What's a short sale?)
• 169 high rise units sold this year

As you can see only about 5% of the total inventory is going to contract. If you'd like to see what's available for high rise condos in Las Vegas, click below on the Search icon. 

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If you would like to see any of these high rise units, please contact Felipe Crook toll free at 1-866-589-1646 or email me at Felipe@felipecrook.com.

Felipe Crook

Fine Homes Specialist

Prudential Americana Group Realtors

Las Vegas NV 89117