46 Percent of Las Vegas Luxury Resort Foreclosure Condos Under Contract
Posted by Bruce Hiatt - May 4th, 2009
Categories: High Rise Condo Foreclosures, High Rise Condos, News
46 percent of Las Vegas luxury foreclosure condos are under contract as of May 4, 2009. So the media would have you believe that 46 percent is a huge number but guess again. Across the Las Vegas Resort Strip or near Strip corridor of Panorama Towers, Sky Las Vegas, Turnberry Towers, Metropolis and Turnberry Place there are a total of 28, that’s right, 28 bank owned luxury high rise condos. Of those, 13 are under contract and the number under contract is growing lately. Where are the tons of bank owned foresclosures the media keep broadcasting about Las Vegas? Must be single family homes as it clearly isn’t the luxury high rise condos near or on the Strip I mention in this blog post.
We just closed a foreclosure luxury condo in Turnberry Towers with our buyer from New Zealand. This was a cash deal just like our other recent buyers looking for that good Las Vegas condo foreclosure deal. Another cash buyer, this one from Switzerland, just grabbed a great two bedroom luxury foreclosure in Sky Las Vegas. Maybe buyers in the US are hesitant about buying but the foreign buyers are targeting Las Vegas luxury foreclosure condos lately and getting the good ones.
If you have interest in buying a luxury high rise condo foreclosure in Las Vegas please contact us soon. Statistics are showing us limited supply continues to be the case for luxury high rise foreclosures lately. Las Vegas luxury real estate appears to be gaining momentum lately and we hope you are considering Las Vegas as your new home, second home or vacation home.
Bruce Hiatt, Broker, CRS can be reached at 702-456-7080 x201.
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