拉斯维加斯高层Blog” WSJ认为迈阿密有57个月公寓房存货卖

WSJ认为迈阿密有57个月公寓房存货卖

在布鲁斯· Hiatt - 2007年11月7日前张贴
类别：高层公寓房

今天华尔街日报说可利用的公寓房迈阿密的存货待售是至少57个月。认为对拉斯维加斯豪华高层公寓房是真实的？某些媒介要您如此认为。不甚而关闭。

豪华高层公寓房存货待售沿头等小条和临近拉斯维加斯小条地区是存货迈阿密的分数有。例如，认为超豪华天空拉斯维加斯住宅高层公寓房物产。仅天空位于小条主区。那是正确的，共计1个高层塔以小条地址。

天空豪华公寓房的总数待售自今天是一硕大35。我们看。那是大约三个星期存货在看涨的行情上和大约4个月存货在一个行情疲软的市场上。不听起来迈阿密对我，但是媒介保留认为迈阿密和拉斯维加斯是均等。只要变形拉斯维加斯豪华公寓房图片的媒介保留4个月在市场上然后成为几个月和更多月。媒介不应该必须支付对拉斯维加斯豪华公寓房卖主的这样损伤以这样不正确报告？有趣的问题。至少 CNBC 得到它正确以他们的最近广播关于怎样强拉斯维加斯豪华公寓房市场真正地是。

您由正义陈列在小条认为一豪华高层公寓房存在我绘不合理的比较？ 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.

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