High-Rise condo Las Vegas developers not building not building and the Las Vegas real estate market is thriving right now and seems to have completely bounced back from the disastrous downturn that seemingly hit our market harder than anywhere else in the country.
But as noted by VEGAS INC in a recent investigative piece, one product that seems to be missing from the recovery are residential high-rise condo Las Vegas. It’s clear developers aren’t building high-rise condo Las Vegas, and the reasons, at least according to some industry experts, are probably more obvious than you may think.
High-Rise Condo Las Vegas – Real Estate Market – 702-508-8262
Unlike cities like New York and Chicago, where space is limited and there’s not only a demand for high-rise condo Las Vegas but also a need, Las Vegas is a sprawling community with lots of space and open land. Every individual market, and its location, dictates the housing market to some degree, and Las Vegas is a city that just doesn’t have the need for building up rather than out right now.
Home buyers who either already live in Las Vegas or are moving here from another part of the county want single-family homes with more space and privacy, and our Southwest Nevada location is uniquely equipped to handle such an expansive suburban sprawl. And with demand highly focused on single-family homes over high-rise condo Las Vegas, the probability for developers just isn’t there with multi-family projects.
For added perspective, Las Vegas home buyers have purchased 336 high-rise condo Las Vegas so far this year through the halfway point, while 12,300 single-family homes have been purchase over that same time-frame.
Call 702-508-8262 and ask to speak with high-rise condo Las Vegas Robert Ratliff at Ratliff Realty Group RE/MAX. Top world class property for sale branding Internationally. Combining our marketing with RE/MAX and our website “Las Vegas Real Estate Authority” and we have you covered!