The Truth on Las Vegas Real Estate

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Posted by Bruce Hiatt - October 27th, 2007
Categories: High Rise Condos

Think what you are reading in the news media about Las Vegas real estate is accurate lately? Not even close. Read on to discover the truth on Las Vegas real estate.
Very few news articles are giving you the real statistical truth on Las Vegas real estate, especially the luxury part of it. Either they are focused on selling more newspapers and magazines or are clueless.

Yes, there are lots of foreclosures in Las Vegas. However, the majority of these foreclosures are occurring with single family homes. The news media lump the very limited number of luxury high rise condos that have gone into foreclosure with the single family home foreclosure statistics because they don’t understand Las Vegas real estate.

So what are the real foreclosure numbers for Las Vegas real estate? Just for you, here is one of many statistics I will give you when you become my client at Luxury Realty Group. The number of foreclosures as of the date for this post for luxury high rise condos in the prime Strip area is 3. Yes, a gigantic unbelievable total that will shake the world is a total of 3.

Now tell me how much you believe the news media as they continue to report the horrible real estate situation in Las Vegas? Are they giving you bogus statistics to crash the Las Vegas real estate market so they can sell more newspapers and magazines? We’ll leave that answer up to you.

The savvy buyers are beginning to understand these real statistics and grabbing every great Las Vegas luxury high rise condo deal they can find. Do you wait until 2008 when maybe our foreclosure numbers increase from 3 to 5? As a better choice, do you grab the great luxury condo deals that we have now? You won’t find these luxury condo deals in the MLS as the ones we have are private and totally exclusive to Luxury Realty Group.

Call Bruce Hiatt at (702) 456-7080 x201 today or complete one of the contact forms at www.LuxuryRealtyGroup.comand become one of our VIP clients. The truth on Las Vegas real estate will be revealed to you as one of our VIP clients but only once you become a client.

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