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Las Vegas condos are the most popular selling properties in the expanding real estate marketplace in Las Vegas. As the town grows Las Vegas is quick to adapt the urban lifestyle! Over 80% of the State of Nevada is property of the U.S. Government, which makes land scarcity an important issue as there is over 50 condos projects in the works for the Las Vegas Strip area alone, as well as the every popular condo hotels.
Las Vegas condos are selling like hot cakes. According to a New York Times article, over 1/3 of second homes are being bought in urban areas, and Las Vegas is one of the top cities to buy in. The city government is rezoning the core downtown and Strip areas into urban high rise lifestyle centers.
Las Vegas Condos – Investing in the Real Estate Market
Many smart investors are snatching up condos in Las Vegas. The median price for condos is down 5.1% compared to last year and sales of Las Vegas Condos are up 14% from a year ago. Smart investors know that now is the time to start buying properties. Good deals aren't limited to distressed properties facing foreclosure, some sellers in the market just want or need to liquidate their assets.
Many people purchase Las Vegas Condos in order to rent them to tourist. This is a great way to invest money in real estate and because of Las Vegas’ reputation as a tourist destination. However according to the SEC it is ILLEGAL for any real estate agent to make ANY representations of how much money or what kind of rental rates your high rise condo hotel will command. Be wary of any agent that promises you that you will make guaranteed money by purchasing a Las Vegas Condo. Make sure that you do the research before make a purchase because it will be your name on the contract when all is signed and sealed.
Las Vegas Condos – The ONE Solution
ONE Las Vegas is one example of a hot moving Las Vegas condo property. Our ambitious 5 building community is well underway and selling plenty of units.
We have created a compressive buyers guide to help Las Vegas condo seekers make a more informed purchase.
Thanks for your interest and if you have any questions or comments feel free to call or write us:
Phone: (702) 444-4321
Email: info@one-lasvegas.com
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