Downtown Las Vegas' Verge Mid Rise Condos Sells 229 Units in One Day!

Remarkable! Unbelieveable! Incredible! Choose your own superlative. Either way, it's true - last week, the Downtown Las Vegas' Verge mid-rise condo project sold 229 units in a single day. And that's not just refundable reservations, those are totally bona fide hard contract sales.

Now obviously, something good has to be happening downtown when a condo project can sell 74% of their development in one day. And I know what you're probably thinking (I was thinking this myself when I originally heard the news) - Oh, they brought in one of those investment groups who negotiate tremendous terms with developers in exchange for the ability to flip their contracts without ever having the intention of closing. (which, by the way, is an excellent means for investing in preconstruction projects)

But, no. The real story is how Verge marketed this event so that individual buyers waited in lines actually crawling over each other at the chance to snag units starting at $149,900 with more than 300,000 square feet of residential living space. Talk about downtown revitalization! As mentioned in my previous post, now you have 229 more reasons why downtown Las Vegas should be your destination for condo bargains in Las Vegas. And remember, the majority of these purchasers intend on using Verge as their personal residence. The Verge is scheduled to break ground this summer and will most likely be completed in the fall of 2008. Tremendous prices, tremendous amenities, and now a tremendous marketing strategy.

Do the math. If 74% sold in just one day, that means 26% or less is probably still available. Can 229 people be wrong? I doubt it. Download the purchaser's guide and get into Verge today - and if not Verge, you owe it to yourself to at least consider another Downtown Las Vegas condo project. This is unbelieveable, great news for the revitalization of downtown. You too can be on the verge of something special if you follow my advice.