While the prices used in the market for Las Vegas real estate have now stabilized, and the average realized selling price increases steadily (average price in April 2010: $ 128,000.00), is on the "Highrise market" no end in sight on the valley floor.
the inventory of Luxuswohungen enough for the next 250 months or 21 years are currently 838 condos in the prefabricated housing for sale and of which over 50% of short sales and foreclosed properties.
Above all, once again shines the Project City Center. Great achievement of the sales force: A mere 78 of the $ 8.4 billion dollar project to be related since opening in December 2009 to the man been. Based on these sales figures are likely to enjoy the operator of City Center, when, within the next 3 years 25% of all available units are sold.
Las Vegas real estate advises its customers and investors: Hands off!.
Prices are likely already in the very near future under the mark of $ 100 per sf (about $ 1,087 per m²) tumble. The average price per Multiple Listing Service is currently at $ 2.815 per square feet.
No wonder you can but in the meantime buy a 1 bedroom condo, gated community with pool, 60 m² at $ 30,000.00.
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