For a year now I have been telling people that the high rise condo’s have been over priced and will come down substantially in price. 

My idea of a bargain is when you can buy something for less than it can be produced for.  Basic High rise condo building costs exceed $350 per square foot.  So I consider a bargain anything that cannot be reproduced for that amount. If the unit is a luxury property it will cost more to reproduce than a standard property.

 It appears that pricing of Las Vegas Condos are now changing and real bargains are starting to appear in the market. To give you an idea of what is going on I am going to give you some general information about various  Las Vegas High rise condo bargains and these prices should make you consider having a place of your own in Vegas!

Soho Lofts CHEAP!

Las Vegas condo Soho Lofts on the "STRIP" bargins

Located right on Las Vegas Blvd. “The Strip” a few blocks north of Stratosphere. Units in this project originally sold for up to approximately $1 million dollars. The the complex was completed in 2005 but now the bargains are starting to appear.  For instance I saw a unit that was originally listed in February of 2007 for $999,900 now had an asking price of $330,000. Now this unit is under contract but just think of the possibilities! That’s only $210 per square foot on one of the highest floors in the building!

I did a search for units for sale in Soho Lofts Las Vegas and found 14 units priced at or below $210 per square foot. There is one unit priced at $176 per square foot.  With units from around 1,270 square feet and up you can have a great vacation spot right on the “Strip.”

Yes you can get a steel of a deal on a Las Vegas High Rise Condo in Soho Lofts.

For further details about buying a condo in Las Vegas Cheap register here. 

Turnberry Place Luxury Las Vegas Condos on the Cheap

Second home to may Stars and wealthy people from around the world

 Not as Cheap as Soho lofts but if you want to rub shoulders with all the connected people that make the world go round then you may want to consider a Condo/Apartment in this world class facility.

Located across the street from the Las Vegas Hilton it is convenient to almost anything your heart desires. If you don’t want to go out for it the staff will bring it to you.  This facility is home of the famous “Sterling Private Club.”

Don’t tell a sole but you can very quietly steel a Turnberry Place condo for a song to what they were a few years ago. In the Spring of 2006 these units were priced by the developer for between $850 Thousand and $9 million with units ranging in size from 1,540 to 9,125 square feet. That is starting at about $550 per square foot.

So what kind of shekels will you need to part with to stake your claim with all the other rich and famous? I found approximately 10 units at under $325 per square foot and three that sold recently for under $250 per square foot. That is less than half price!

For further details about buying a condo in Las Vegas Cheap register here. 

I know of High rise condo buildings with units for around $100 per square foot. If your interested please feel free to register above or call me Max 702-334-2200. I would be happy to discuss the market and your needs concerning Las Vegas real estate.

For the Latest in Las Vegas real estate call Max at 702-334-2200. Your comments and questions are welcome.