WSJ indique que Miami a 57 mois de l'inventaire de logement à vendre
Signalé par Bruce Hiatt - le 7 novembre 2007
Catégories : Logements élevés
Wall Street Journal aujourd'hui dit que l'inventaire de Miami des logements disponibles à vendre est au moins de 57 mois. Pensez qui est vrai pour les logements élevés de luxe de Las Vegas ? Certains des médias veulent que vous pensiez ainsi. Pas même fin.
L'inventaire élevé de luxe de logement à vendre le long de la bande principale et s'approchent des régions de bande de Las Vegas est une fraction de l'inventaire Miami a. Par exemple, considérez ultra le de luxe Ciel Las Vegas propriété élevée résidentielle de logement. Seulement le ciel est situé sur la bande dans le secteur principal. C'est correct, un total de 1 tour élevée avec une adresse de bande.
Tout le nombre de logements de luxe de ciel à vendre en date d'aujourd'hui est des 35 colossaux. Voyons. C'est environ trois semaines d'inventaire sur un marché ferme et environ 4 mois d'inventaire sur un marché déprimé apathique. Ne ressemble pas à de Miami me mais la subsistance de médias indiquant Miami et Las Vegas sont des égales. Tant que la subsistance de médias tordant l'image de luxe de logement de Las Vegas alors 4 mois sur le marché devient des mois et plus de mois. Les médias ne devraient-ils pas devoir payer un tel dommages aux vendeurs de luxe de logement de Las Vegas avec un tel reportage incorrect ? Question intéressante. Au moins CNBC obtenu le droit avec leur émission récente au sujet de la façon dont fort le marché de luxe de logement de Las Vegas est vraiment.
Vous pensez par l'apparence juste l'un logement élevé de luxe sur la bande en existence que je peins une comparaison injuste ? OK, let’s go to the prime Strip area and expand it to include the adjacent Strip luxury condos for sale counts. First, let’s look at the massive over supply we have in existing hotel condos for sale.
For luxury non-restrictive stay hotel condos currently on the market, we have a total of 148 across 3 towers. That’s it folks and those numbers are decreasing each week. That particular condo hotel is the beautiful ultra luxury MGM Signature and there are 8 under contract today. Sales are increasing and supply is reducing because smart buyers are grabbing the deals while they can. For days on market in a normal market for hotel condos, this would be about 4 months of inventory and in this slow market it is about 9 months or less. However, if the media keep distorting the Las Vegas luxury condo picture then 9 months will become 12 or more months.
Next, let’s count the luxury the luxury high rise condos in the near-prime Las Vegas Strip area. We have a total of 212 on the market. We have the luxury high rise Turnberry Towers with a total of 83 on the market across 2 towers. Turnberry Place, with its famous Stirling Club, has 127 for sale across 4 towers with 3 under contract. Park Towers, a very high end luxury condo high rise, has a whopping total of 2 on the market. So, we have a grand total of 212 Las Vegas luxury high rise condos in the prime Strip area available for sale. In a normal market, that would be about 6 months of inventory and in this slow market it will be about 9 to 12 months. If the media keeps hammering the Las Vegas luxury high rise condo market, then the months on market will extend for some time. It isn’t a fair picture.
See, the facts are quite a shocker. The media just won’t tell you what is really going on except for CNBC’s honest reporting of our luxury condo market. The media rather focus on getting ratings and selling magazines and newspapers by promoting the doom and gloom. Each day when such inaccurate reporting takes place, it has to be one of the factors in taking money out of the luxury condo sellers pocket. Such damage is irresponsible and incomprehensible but the public is not crying out for accurate real estate reporting. They need to start shouting now.
Did I tell you that sales continue very strong for luxury condos at MGM MIRAGE’s CityCenter in Las Vegas? They are and record prices are being set. Wait until those Las Vegas luxury condos get delivered in 2010. Then, we shall see how well the existing luxury condos along the prime Strip area perform since their price per square foot is a bargain in comparision to new construction prices now.
No wonder the media don’t want you to know these facts. For sure they don’t you to know Strip land prices have increased 8 fold over the past three years and no softening in sight.
Want to know more about these limited supply luxury high rise condos and hotel condos for sale in Las Vegas? Call Bruce Hiatt at (702) 456-7080 x201 or Simon Chen (702) 456-7080 x202.
Copyright 2007, Luxury Realty Group, Inc. All Rights Reserved.
Bruce Hiatt, Broker, CRS can be reached at 702-456-7080 x201.
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