With in the year of 2008 there have been 9 Las Vegas High Rise Condos that were REO(Real Estate Owned or Foreclosure) listings that sold. The nine REO High Rise Condos that sold were from 5 separate developments Panorama Towers, Platinum, The Signature At MGM, Metropolis, & Turnberry Place. The blow table can give you a better understanding of the numbers for these sales. I have also included a link to a chart that shows the same properties side by side. Foreclosure offer an amazing buying opportunity for the right buyer with certain needs but foreclosures are definitely not for every buyer. It takes a knowledgeable Realtor who understands the market to negotiate the best possible deal for buyers when purchasing foreclosed properties. Enjoy the information and do not hesitate to e-mail me your questions whether they are big or small.
------Bd-- Bth ---SQFT----- LP------------ SP
High-- 3 ---5 -----4007 ----$189900 -----$1905000
Low --1--- 1----- 520 ------$319500----- $293800
Ave --2--- 2---- 2004 -----$717622------ $672672
Med --2--- 2 ----2050----- $599900----- $550000
Click Here For Chart
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