WSJ diz que Miami tem 57 meses do inventário do Condo a vender
Afixado por Bruce Hiatt - novembro 7o, 2007
Categorias: Condos elevados da ascensão
Wall Street Journal hoje dito que o inventário de Miami de condos disponíveis para a venda é pelo menos 57 meses. Pense que é verdadeiro para condos elevados luxuosos da ascensão de Las Vegas? Alguns dos meios querem-no pensar assim. Não mesmo fim.
O inventário elevado luxuoso do condo da ascensão para a venda ao longo da tira principal e aproxima áreas da tira de Las Vegas é uma fração do inventário Miami tem. Por exemplo, considere o ultra luxuoso Céu Las Vegas propriedade elevada residential do condo da ascensão. Somente o céu é ficado situado na tira na área principal. Isso está correto, um total de 1 torre elevada da ascensão com um endereço da tira.
O número total de condos luxuosos do céu para a venda até à data de hoje é uns 35 gigantescos. Vamos ver. Aquele é aproximadamente três semanas do inventário em um mercado forte e aproximadamente 4 meses do inventário em um mercado macio. Não soa como Miami a mim mas os meios mantêm-se dizer que Miami e Las Vegas são iguais. Contanto que o sustento dos meios que distorce o retrato luxuoso do condo de Las Vegas então 4 meses no mercado se transformar meses e mais meses. Não devem os meios ter que pagar por tais danos aos sellers luxuosos do condo de Las Vegas com tal relatório incorreto? Pergunta interessante. Pelo menos CNBC começado o direito com sua transmissão recente sobre como forte o mercado luxuoso do condo de Las Vegas é realmente.
Você pensa pela exibição justa do um condo elevado luxuoso da ascensão na tira na existência que eu estou pintando uma comparação unfair? 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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