ALLURE Las Vegas Condos - Market Update - SPRING 2016

Allure Las Vegas High Rise Condos - Affordable Luxury High Rise Living Near "THE STRIP"

To View All Condos for Sale at ALLURE LAS VEGAS

There are currently 35 units on the market at ALLURE ranging in price from $158+k to $1.8+ Million for a penthouse. FIVE units are currently in escrow and these ALL are listed at $310k and below.  This suggests that buyers interested in acquiring a luxury high rise condo at low price points are looking to Allure as a viable option.  Selling below duplication costs, the condos at ALLURE offer a lot of bang for your buck.  

How are the condos at ALLURE selling?

For the past SIX months, there have been just 7 sales at ALLURE ranging from $140k to $310k.

Taking that sales velocity of about 1 unit per month, and the current inventory of 35 units, I would think that it is an opportune time for Sellers to negotiate an aggressive price per square foot at ALLURE condos.

The W Hotel will be taking over on e of the SLS Towers, across the street.  That plus the construction of Genting's Resorts World, should create renewed interest in ALLURE's North Strip location.


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