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As we enter the new decade, the Las Vegas condo and high rise market is all about foreclosures, luxury high rise condo repos, bank owned REOS and the screaming deals.
2010 could bring another year of Las Vegas strip area real estate that is scattered with luxury condos foreclosures and high rises such as Panorama Tower III whose entire luxury condo inventory is being sold by its construction lender. Condo foreclosures used to be abundant in buildings such as the MGM Signature condo-hotels and The Platinum, but that inventory has been snapped up and absorbed by cash buyers, and there are many more buyers waiting in the wings to take advantage of any of the "shadow Inventory" that the banks are holding off the market.
Las Vegas Luxury High Rise Condo Real Estate has entered the 21st century in design & dazzle as is evidenced by MGM CityCenter, but prices on a per square foot basis have plummeted in high rises such as SKY LAS VEGAS, Turnberry Towers, Allure, Metropolis, and Panorama Towers!
THE STARK TEAM specializes in finding our clients the best luxury high rise deals and foreclosures that exist in these amazing luxury towers. WE ARE EXPERIENCED in the Las Vegas condo foreclosure market sector, MARKET SAVVY, AND CARE ABOUT OUR CLIENTS INVESTMENT DOLLARS.
Looking for a knock-your--socks off view of the Las Vegas strip from a value priced condo just a block off the strip! Welcome to Panorama Towers. The above photo is an actual view from a 10th floor condo at Panorama Towers II. Panorama Towers is located just across I-15 from CITYCENTER and while CITYCENTER condos are selling at prices of upwards of $700 per square ft., the luxury high rise condo units at Panorama - which offer tremendous views, are priced at less than half that cost, or even a third that cost on the resale market. And they offer balconies from which the strip views are absolutely PANORAMIC!!!
The above photo is the pool area of TURNBERRY TOWERS EAST. There are usually a few attractive Las Vegas foreclosure condo deals here. We are especially high on the upside potential of the luxurious resort style condos at Turnberry Towers. Want to learn the inside scoop on Turnberry Towers? Contact US!
Las Vegas Strip real estate is analogous to oceanfront property, but our coast is a mere few miles in length! Real estate on the Las Vegas strip & proximity is rare & much sought after. The Stark Team has resided in Las Vegas for over 38 years. We have our feet on the ground. We're in constant contact with all the major players/developers and as leading Las Vegas high rise condo experts, have been asked to advise them regarding many aspects of the development process. We know what's going on.
With exceptional residential luxury high rise condominium towers like SKY Las Vegas, Turnberry Place and Turnberry Towers, you can buy into a luxurious lifestyle in the city that never sleeps. The Stark Team believes that these high rise and mid rise condos, lofts and townhomes on strip & off strip are solid Las Vegas real estate investments IF PURCHASED AT THE RIGHT PRICE and desirable lifestyle choices that will hold their value and be a rare commodity as our city continues to experience its exponential growth.
What is the right price? Hire us as your Las Vegas high rise real estate agents. Each high rise condo tower is different. There are numerous factors involved in the evaluation process of whether the price is right. Some luxury high rise condo towers were sold during peak values and we feel they have a ways to decline in price before it makes sense to purchase. Others were built ahead of the curve and for the lower priced units in those high rise towers - the time is right to strike.
Las Vegas Luxury Real Estate in the high rise condos arena is still highly desireable. Let's face it. Who wouldn't want a Las Vegas luxury condo as a vacation place? Las Vegas real estate, in the high rise condo sector, is experiencing one of the strongest BUYER's Markets ever, and there are some great luxury condo deals out there in buildings like SKY, Allure, Turnberry Towers, and MGM Condos. The Las Vegas high rise luxury condos that have been built around the strip are amenity rich and offer a great lifestyle, especially as a vacation home. There are some great luxury high rise condo bargains out there, especially in SKY, Turnberry Towers, Panorama Towers and MGM Signature, where the banks are unloading at prices below the original cost - you just need to sift thru the inventory and find them. Connecting with the STARK TEAM, will help you do just that. We are seasoned high rise condo experts. We know where the deals and the bank owned repo condo foreclosures are!
What is hot & what is not in the Las Vegas high rise luxury condo market? Ask the Las Vegas luxury condo experts, the STARK TEAM. We can tell you. The last few months, there was a run on strip side studio condos in the Signature at MGM Grand Las Vegas Hotel-condos that were priced under $160k. The Signature at MGM is located a block east of the strip in the Harmon Corridor, east of the site of the $9+ billion CityCenter project by MGM and the new Cosmopolitan Resort. At a cost of about 1/2 to 2/3rds of the price of the hotel-condos in MGM CityCenter with amenities galore, even balconies on some condos, savvy investors are betting there is upside potential in these fully furnished Las Vegas hotel-condos, especially with the guard gated spacious site that is a block from MGM CityCenter. Since the on site rental program is fully operational, there are no secrets. You can rent these units with ease and use them whenever you want.
Want a list of the bargains & deals at the Signature at MGM Grand? CONTACT US! We will give you the inside scoop on the luxury condo deals at the Signature at MGM Grand and the iconic & elegant resale condos at TRUMP Las Vegas.
We look forward to hearing from you.
Please Visit our sister Luxury Condo & Homes sites:
Las Vegas Condo Bargains
Las Vegas Condo Experts
Las Vegas Luxury Homes
The Stark Teams Virtual Tours
View Our Featured Condo, High Rise and Lofts Listings
LAS VEGAS HIGH RISE CONDOS MARKET NEWS
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 Las Vegas Real Estate News
Las Vegas Condos are ON SALE! Stunning TRUMP TOWER LAS VEGAS 1 Bedroom Condo - $ 349k - 20 hours ago
It's no secret that Las Vegas condos are ON SALE at pricing that we never thought we would see. TRUMP TOWER is one of Las Vegas' most elegant high rise condominium towers, located a block west of Las Vegas Boulevard. These elegant fully furnished condos are selling at less than $500% of origianl pricing. Check out this video tour of unit 3126 listed at $349k - The seller paid $850K!! Cash is king and as financing has dried up for condo hotels in Las vegas, prices have declined.
Buying a Las Vegas Foreclosure - Not an Easy Task as Inventory Dries Up and Properties Receive Multiple Offers - 16 days ago
As I watched FOX NEWS today, the real estate news was that the housing market seems to be turning around and prices seem to be stabilizing, EXCEPT in Las Vegas and Tampa, where we might still see double digit price declines. Then, another article just came out in the Wall Street Journal, that talks about Las Vegas foreclosure bidding wars, thin inventory levels, and multiple offer situations on well priced bank owned foreclosure listings. Welcome to Our World!!Cash Buyers are plentiful and those needing loans are at an extreme disadvantage when bidding for a Las Vegas foreclosure. Desirable properties are receiving 20 + offers the first week they are listed. Buyers are required to purchase "AS IS". Sometimes, new homes and condos in buildings that are owned by the lender in the entirety, make for a better deal when aggressively negotiated by a savvy agent. NYSE new home builders such as DR Horton and Pulte have fabulous alternatives in beautiful brand new homes at pricing similar to the myriad of Las Vegas foreclosures. All this - with a 10 year builder warrantee!Contact THE STARK TEAM to help you sift through the many Las Vegas and Henderson NV foreclosure Listings and new home communities. Do you research on line with the click of your mouse at www.Las-Vegas-Foreclosures.infoCLICK TO READ - LAS VEGAS FORECLOSURE BARGAINS MORE DIFFICULT TO BUYView of CityCenter from Panorama TowersTAKE THE TOUR of PANORAMA TOWERS III - Owned by the Construction LenderTrump Tower Las Vegas - Prices Slashed 50%Take the Tour of a TRUMP TOWER STUDIO - Priced at $150kTake the Tour of a TRUMP TOWER 1 BR priced at $ 329k - Original Cost was $850kVisit: www.lasvegascondobargains.com
Breathtaking Views From Trump Las Vegas One Bedroom Condo - Selling $500k Under Original Cost! This is the Las Vegas Condo Bargain Bottom Feeders are Waiting for - Listed at $ 329k! - 17 days ago
Picture Postcard Las Vegas Strip Views Can be Yours From this TRUMP LAS VEGAS 1 BR Fully Furnished BeautyTAKE THE VIRTUAL TOUROrigianally Purchased for $850kNow on Sale for $329k!!!It's a sign of the times. If you want to sell your property in Las Vegas, you must compete with the many foreclosure listings that are listed in the Las Vegas MLS. Realistic sellers understand that their property will just languish on the market if it is prices at "what they need" to get out of it to sell. Real estate agents are instructed by their clients to find them that aggressively prices bank owned repo listing, and a savvy agent will also search non repos in the hopes of finding the true gem - a regular sale priced just like a foreclosure!Check out the Virtual Tour Link above to see TRUMP TOWER # 3106 - a 1 BR 1 3/4 bath condo that has been priced to sell. This condo is offered fully furnished in 910 sq. ft. with monthly HOA dues of about $760 and on optional on-site rental program.Amenities at Trump Las Vegas Include:Floor to ceiling windows with breathtaking views of the Las Vegas Strip Elegant classic-contemporary furnishings European-style kitchens appointed with Wolf, Bosch, Dacor and Sub-Zero appliances Lavish bathrooms with twin sinks and custom-designed vanities and marble countertops, spa tub Italian marble floors in entryways and baths Flat screen televisions, DVD, cable television Concierge, valet 24-hour on-site security staff and state-of-the-art security system Private spa, fitness center and salon Relaxing outdoor heated pool, sundeck and bar Business center and meeting and conference facility ready at your request White gloved doorman and valet parking Two tower restaurants Search Las Vegas Strip Area Luxury Condo ForeclosuresCONTACT THE STARK TEAM 702 376-5220 |
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