As you know, I was in Las Vegas a couple of weeks ago on Skyscraper Business and Pleasure and One of my favorite projects in that city was the City Centre- Aria Development which has the most wow factor than anything else in that city including the famed Bellagio Casino hotel. Looks, Like I am not the only Toronto person with an interest in lighting up the Vegas Real Estate Market....
Here is the Latest from Market News Wire
Condominiums are selling again in Las Vegas. A prime location and new prices at Veer Towers are drawing buyers who spent $19 million on residences in just three months.
"We jumped out of the gate with strong sales from California, Toronto and elsewhere," said Mark Pordes, CEO of Pordes Residential Sales & Marketing. "The Las Vegas condo market has been weak for years, but now we're bringing people back."
Pordes Residential launched sales in February. The residences were put on the market at prices that reflect the current reality in Las Vegas, in which values now are about half what they were in 2008. Buyers purchased 38 residences during the initial quarter.
Some condominium projects failed and others came to a halt when the real estate market crashed, Pordes said. "We took a new sales approach to Veer Towers that has resonated with buyers from Southern California, Asia, Miami and Toronto."
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