Would it get reported if the three lowest price-per-square-foot sales in Las Vegas history happened? Then why didn’t the top three get reported?
Posted by Luxury Realty Group - May 12th, 2008
Categories: High Rise Condos
You can’t blame the national press for continuing to search for bad stories about the Las Vegas real estate market. Think about, everyone knows that the United States is going through a challenged economy, an election year, and a nationwide real estate and mortgage liquidity meltdown. Then you have Las Vegas real estate agents (including myself) saying that there is more to the story…and there is. The problem, however, is that over the past two years, negative stories have taken precedence. It’s just a fact of life that we all have to accept and get used to…the hot story is on negativity.
They say that one of the keys to recovery in any challenge in life is when a person finally gives in and says, “OK, I accept this and I am going to let it run its course.” Hopefully, that’s where most people’s mindsets are going. While I am always quick to hold a journalist accountable for making a false statement or for refusing to share any factual positive news, recently, I have witnessed some real estate agents downright attack the media.
I’m not saying that we don’t have a right to defend our city and make sure readers get all sides of the story, we do. What I mean is that you can either keep fighting the grain and wasting your time, or focus your energy on something positive and productive.
When people want to purchase property in Las Vegas, they do. This market pretty much sells itself. Luxury homes in master-planned communities such as The Ridges in Summerlin as well as high-rise condos on the world-famous Las Vegas Strip have continued to have strong appeal.
In regards to the title of this blog, the top-three residential price-per-square-foot records in the history of Las Vegas were set in late 2007 at The Harmon Hotel, Spa & Residences at MGM MIRAGE CityCenter. With premium unit and penthouse sales over $1,500, $2,000, and $2,400 a sq. ft., the story barely made a whisper in the local and national press. You can read the official press release for the records on my Las Vegas real estate news and press page.
Regardless of whether someone thinks those kind of prices are shocking, or whether they make sense because of the rising land costs in the Resort Corridor, the story is factual enough and relevant enough that readers should be given the chance to read and then decipher for themselves. Sadly, this story (like many other positive stories and factual statistics) received little attention in newspapers and television news broadcasts.
I will continue to share information and news with readers, how they want to decipher it is fully up to them. I’m not here to say everything is perfect, what I will do is raise awareness and ask the question, “Would it be different if the positive real estate statistics and happenings were getting reported as much as the negative?”
Everyone has a job to do. Don’t attack…EDUCATE. Don’t defend…PROVIDE VALUE.
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Aaron Auxier, REALTOR®, ABR can be reached at 702-205-1818.
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Luxury Realty Group is consistently quoted by the national press; making television appearances on CNBC, FOX News, ABC News, and CBS News as well as sharing their expert opinions with print publications such as Fortune, Forbes, Wall Street Journal, New York Times, and Los Angeles Times.
Copyright © 2008 Aaron Auxier. All Rights Reserved.
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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.