Las Vegas High Rise Rentals: 236 Listed 8/15/2011 24 Under Contract 8/15/2011 64 Leased July 2011 3.7 Months Inventory Low Leased Price: $850/Month (Park Avenue Condo) Median Leased Price: $1600/Month (Allure) High Leased Price: $3995 (Park Towers @ Hughes Center) Las Vegas High Rise Resales: 380 Listed 8/15/2011 192 Under Contract 8/15/2011 74 Closed July 2011 5.1 Months Inventory Low Sold Price: $45000 (Lake Las Vegas) Median Sold Price: $170000 (Panorama) High Sold Price: $1225000 (One Queensridge Place) This Market is extremely volatile due to the boutique nature and lack of condominium financing. Read last month's report here. This report is compiled by using data from the GLVAR MLS. Data is gathered by the "HIGH RISE" field. Information is deemed reliable but not guaranteed. What... 09/11/2011

There was an interesting article in our local newspaper, the Las Vegas Review Journal. At first glance, it seemed like a typical notice----another project cancellation, this time, it was Spa Lofts. What made it unusual were the quotes from another developer in town. I put up a post up about the cancellation and included his remarks. In fairness, the developer's project is selling but you think he went a little too far?  All's fair in love and business?-Charles 12/17/2007