The property market right around the world has been in a state of flux for quite some time now but fortunately luxury properties in Las Vegas have never really fallen foul of the economic circumstances suffered by so many other places in the United States. In fact the sales of luxury homes all over Las Vegas have been showing a steady upwards trend for several months now and the sales of multi-million dollar homes is most definitely on the increase.
Even in December we saw sales of homes ranging from over $350,000 to well in excess of $1,000,0000 (one million) dollars taking place – which was a great way for the Ken Lowman team to celebrate the start of 2013. Well that and the fact that the world didn’t end on December 21st 2012 but we’re getting off topic now.
What might come as more of a surprise to many of your reading this is that the market for luxury condos in Las Vegas is still extremely healthy and units in the $200k – $900k price range are moving at a very healthy pace right now. Even suppliers of new condo units are reporting that they’re selling as many as 5+ units each week – which is a definite indication that the upwards market trend for the Las Vegas area is set to continue – and long may it do so!
Right now Las Vegas is at a pivotal point where it’s recreating itself in many ways – the introduction and operation of numerous 5-Diamond restaurants makes it quite obvious city planners want to embrace everything which has made Las Vegas a great place to live and work for years now, but to ultimately take that to the next level.
Regardless of whether you’re looking for a Las Vegas luxury condo or a Las Vegas luxury home we’d be more than happy to help and right now (and for the foreseeable future) Vegas is a great place to invest in property.
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