2 redenen waarom Las Vegas in Onroerende goederen Sterk blijft

Gepost tegen Bruce Hiatt - 3 November, 2007
Categorieën: Hoge Stijging Condos

Zeg u moet denken wat? Afterall, met alle noodlot en mistroostigheids de websites en het nieuwsmedia van Blog verpletteren De onroerende goederenmarkt van Vegas van Las op een dagelijkse basis, komt het sterke woord niet te letten op. Denk opnieuw, aangezien de feiten u zullen verrassen.

Me enkel of vraag is Las onroerende goederen toen waarom Vegas in dergelijke slechte vorm landt langs de Strook blijven aan verslagprijzen per acre verkopen? Oh, die een uitzondering aan het noodlotverhaal is u zegt? U kunt niet het hebben beide manieren. Als u de echte waarheid over Las onroerende goederen Vegas gaat melden moet u de gehele waarheid vertellen. De huidige waarheid zal u twee dingen vertellen:

De het landprijzen van Vegas van Las, vooral langs de Strook, collasping niet zoals zodat willen veel media u geloven.

Ja, zag de recente BLM landveiling weinig rente maar wie op land op die gebieden wil leven? Met toenemende brandstofprijzen en zet langer tijden om, willen weinig internationale kopers dergelijke lange afstanden reizen om aan het hart en de actie van Las Vegas te krijgen die de Strook is. Met zijn winkelen het van wereldklasse, vijfsterrenrestaurants en ongelooflijk vermaak, willen de internationale kopers van luxeonroerende goederen slechts langs één plaats in Las Vegas, de Strook leven.

Ik vind het zo vermakelijk hoeveel van de websites van het huisvestingsnoodlot weigeren om commentaren toe te laten worden gepost om onjuiste informatie te verbeteren. Afterall, they sell ad space on those websites and why would they want to have their ad revenue disappear if they were challenged with real facts that undermine their stories? We’ve tried to post real facts and they won’t let us.

So what are the facts to back up what I am saying? Well, you know the New Frontier next to Trump Las Vegas sold awhile ago for $34 million an acre. Many said that was just a one time event for such a record land price. Currently planned for that land will be the incredible and luxurious Plaza hotel, casino and ultra luxury residential condos. You can bet its price per square foot will be much higher than today’s average prices selling at MGM Mirage’s CityCenter of $1600 to $3000 a square foot. Oh, did I tell you that CNBC broadcast those same facts too on September 14, 2007?

In October, 2007, the land under the former La Concha hotel and the future planned location of the Hilton Conrad-Astoria hotel, casino and residential condos was sold at another record price.

Yes, this very recent land sale continues to demonstrate just how strong the land prices are along the Las Vegas Strip. This land sold for $33.1 million an acre. Wow, these sure are doom and gloom times in Las Vegas considering just three years ago that land would have sold in the $4 to $5 million range based on nearby property sales.

So just think about what these current and strong Strip land prices mean to you as a buyer of a luxury condo along the Strip. Sitting on the fence to buy are you? Well, consider this fact. Sky Las Vegas was built three years ago on land worth at that time approximately $4 million an acre. Today, it’s value would be at least $33 million an acre since it’s located just down the street from the Conrad-Astoria land and is the ONLY luxury residential high rise that’s operational with a Strip address.

So buyers are sitting on the fence with new Sky Las Vegas luxury condos available for sale today in the $500 to $950 per square foot range. Luxury condos on the Strip currently are being constructed in the $1600 to $3000 a square foot range to be delivered in late 2009. Oh, you think these are just sale prices? Guess again. These are actual contracted prices and sales continue to be strong due to major international demand for CityCenter. Bigger surprise? Those price points were based on land prices a few years ago too. Did I mention as that as of today that only 33 Sky Las Vegas luxury high rise condos are for sale?

Oh my doom sayers, Las Vegas is in such a horrible over supply status as the media keep shouting. Wow, sounds like the same luxury condo blood bath in Miami to me. Afterall, the media keep placing Las Vegas luxury high rise condos into the same over supply Miami luxury high rise condo bucket. Just because Miami has at least 58,000 for sale and 20,000 more under construction for sure means it’s in the same over supply category as Las Vegas with its 33 luxury condos on the Strip. Sounds like apples to apples comparison to us.

Likewise, adjacent to the Strip, are a limited number of Turnberry Place and Turnberry Towers luxury condos currently available for sale in the $500 to $950 per square foot range. I can’t wait until 2009 or 2010 when luxury condo buyers complain they missed the 2007 window of opportunity to buy. And they will.

Contact Bruce Hiatt at (702) 456-7080 x201 or visit www.LuxuryRealtyGroup.com to purchase your luxury condo in Las Vegas along or adjacent to the Strip.

Land prices aren’t going down along the Strip as there’s only 4 miles of it and very little remaining to be purchased for future development.

Bruce Hiatt, Broker, CRS can be reached at 702-456-7080 x201.
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