Vegas Broker: Condo Market on the Mend

LAS VEGAS-The Las Vegas luxury high rise condo market continues to attract investors with strong sales and price increases that started in 2013 and have continued into 2014, according to one area brokerage firm. “Las Vegas was hit so hard, that even with price increases and steady sales, the current prices are 50-70% off the pricing levels we saw in 2009,” says Jason Trindade, CEO and broker for KingofCondos.net in Las Vegas.“The buildings that opened in 2005 and 2006 managed to sell the majority of their inventory before the real crash. The developers opening in 2007 or later saw major cancellations and price reductions.”