Here is a snapshot of the well known Condo developments in Las Vegas.
Facility |
Number of units | Number Owner Occupied | Not Owner Occupied | Developer Owned | Notes | Number listed for sale | Median List Price per SF | Average List Price per SF | Number sold since April 1 | Median price per SF | Average Price per SF | |
| Juhl | 328 | 1 | 20 | 307 | 40 | $142 | $135 | 0 | ||||
| Newport | 168 | 12 | 100 | 56 | 11REO | 38 | $145 | $158 | 12 | $59 | $92 | |
| Streamline | 275 | 2 | 25 | 248 | 1 | $154 | $154 | 0 | ||||
| Soho Lofts | 120 | 25 | 90 | 5 | 15 REO | 26 | $127 | $234 | 7 | $128 | $129 | |
| Turnberry Towers | 636 | 22 | 311 | 303 | 1 REO | 61 | $512 | $483 | 3 | $368 | $365 | |
| Turnberry Place | 773 | 218 | 554 | 0 | 9 REO | 106 | $405 | $453 | 11 | $260 | $261 | |
| Signature (Turn MGM) | 1727 | 24 | 1624 | 89 | 51 REO | 203 | $381 | $513 | 42 | $370 | $404 | |
| Park Ave | 656 | 89 | 556 | 0 | 17 REO | 48 | $102 | $114 | 14 | $99 | $102 | |
| Panorama Towers | 1021 | 120 | 546 | 355 | 17 REO | 90 | $285 | $325 | 12 | $291 | $321 | |
| Boca Raton | 378 | 13 | 158 | 207 | 10 REO | 30 | $221 | $247 | 0 | |||
| Manhattan | 700 | 149 | 599 | 52 | 21 REO | 71 | $117 | $135 | 44 | $114 | $113 | |
| One Queensridge | 219 | 50 | 86 | 83 | 38 | $605 | $603 | 1 | $453 | $453 |
Well Signature is pretty amazing. The dogs will eat the meat...There is over a year of inventory - but still - amazing. It would look like those things may well sell well at $300 per SF. There is one born every minute and MGM attracts them.
Juhl and Streamline look like disasters unfolding. The dogs won't eat the meat.
Looks like Soho and Newport will sell but at under $150 per SF.
Looks like lots of pain for the developers. Far too many units in Turnberry Towers, Panorama, Boca Raton and One Queensridge.