As Sean Brown indicates in his latest Las Vegas market conditions report (updated today 2/20/08), there's no doubt the hottest topic in Las Vegas real estate today is the luxury high rise condo marketplace. We all know the numbers by now - 20,000 units approved and 50,000 proposed - and despite a warning NOT to buy a Las Vegas high rise condo with the intention of flipping the unit at closing for a quick profit, Mr. Brown still has some kind words to say about this significant market sector.
His report is an interesting read. You'll get a really good indication of Las Vegas market conditions from both a home buyer and real estate investor perspective. I know Sean personally and can tell you he's usually right on the money with the real estate analysis he and his company, the National Association of Residential Real Estate Investment Advisors (NARREIA), provide.
His final word on Las Vegas high rise condos? If you are looking for a primary residence, a vacation home, or a condotel, it's a great long term idea. So take advantage of this heavily maligned market and get a great bargain on a high rise condo today.
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