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Las Vegas Homes BlogLas Vegas real estate blog with market conditions, news and availability of Las Vegas homes and condos as presented by RE/MAX Associates. Tuesday, May 10, 2005Condos Market Setting A Neck Breaking Pace In 2004
2004 has been a tremendous year thus far for Hi-Rise Las Vegas condos. The market is coming off a record breaking year for property appreciation. Las Vegas developers have let it known their intentions to turn their attention skyward. There has been a record number of Las Vegas condo projects started and nearing completion dates.
The condos market has shown that it is a force to be reckoned with and have already sold out of more than 40 unfinished projects. Local real estate investors are buying up many units quickly and the second home and corporate condo markets are moving just as quickly. The Vegas market is raging and shows no signs of a slowdown. Many analysts are worried that this might cause some concerns down the road, but for now everyone is happy with the fast paced market. |
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