Pictures of Aaron Auxier on FOX 5 News and with Las Vegas Mayor Oscar Goodman
Posted by Luxury Realty Group - April 15th, 2008
Categories: High Rise Condos
I recently made an appearance on FOX 5 News talking about the Las Vegas Strip luxury condominium market. It was nice for them to let me share some of the facts that are not being reported. I have included a photo from the studio, as well as two photos from the “Rising Stars” award ceremony thrown by the Las Vegas Business Press and Mayor Oscar Goodman.
After two years of doom and gloom, it’s nice whenever the media recognizes some of the positive issues happening on the Las Vegas Strip. Per the Clark County Land Assessor, land on the Las Vegas Strip saw up to a 99 percent increase in value in 2007.
Aaron Auxier preparing to appear live on FOX 5 News - April 2008
The land under Sky Las Vegas is something to watch. With the developers paying just approx $4 million an acre just four years ago, land comps in the area have risen. A good example would be the land that ELAD Properties purchased for $34 million an acre just about .70 of a mile away. ELAD plans to build the approx. $6 billion The Plaza Hotel Las Vegas on the site.
As of today, luxury condo resales at Sky Las Vegas are selling at price-per-square-foot numbers reflective of the land being worth $4 million an acre. It will be interesting to see what happens when Sands Corp. announces their prices for The Palazzo Condominiums which sit directly on the Strip.
“Rising Stars” in Las Vegas (to right of Mayor Oscar Goodman)
The units and penthouses I recently sold in The Harmon Residences at MGM MIRAGE CityCenter set the top-three price-per-square foot records for residential (single family home/high-rise condo) sales in the history of Las Vegas. In late 2009, those units and penthouse properties will close for approx. $1,500, $2,000, and $2,400 a foot. Good news for inventory at Turnberry Place, Turnberry Towers, Sky Las Vegas, and Panorama Towers. I have also many more pieces of high-rise property at Veer Towers and the Vdara Condo Hotel projects at CityCenter. All of the units that I sold in those properties went for around $1,000 a foot.
Aaron Auxier accepts award as a “Rising Star”
Are you looking to purchase an investment property or primary residence in Las Vegas?
The current price-per-square-foot trends at Turnberry Towers, Turnberry Place, Sky Las Vegas, Panorama Towers, and Allure can easily be seen with a simple MLS search.
Let me know if you’d like to receive an email with the MLS resale listings in those towers.
Aaron Auxier, REALTOR®, ABR can be reached at 702-205-1818.
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Copyright © 2008 Aaron Auxier. All Rights Reserved.
Disclaimer: All information in this post is subject to change without notice. Subject matter is not guaranteed and is often considered time-sensitive.
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All information in this blog is subject to change without notice. Subject matter is not guaranteed and is often considered time-sensitive. See DISCLAIMER.
Copyright © 2008 Luxury Realty Group LLC. All rights reserved.