Turnberry Towers Las Vegas High Rise Condos Bulk Purchase Verifies Positive Las Vegas Real Estate Market Trends
Las Vegas, NV (PRWEB) December 05, 2011
Turnberry Towers bulk-sale of remaining 279 developer units by real estate investor CIM Group from Los Angeles draws more attention to Las Vegas. After almost 3-years of abusive press and media attention as the #1 city in America for foreclosures, Las Vegas has re-emerged as the best city in America to buy and invest. LasVegasRealEstate.org confirms that in the last 90-days Las Vegas has had the highest sales numbers in 5-years do to affordability and lifestyle.
Ashley McCormick of Realty One, Nevada's number one real estate company, was sighted in August of 2011 by both Yahoo News and IndiaTimes that the Las Vegas high rise market was gaining in popularity and advising her clients to not hesitate in buying. McCormick says the buyers who have purchased in the last 120-days may have gotten some of the best buys ever recorded.
McCormick says that the Turnberry Towers purchase made by CIM Group was one of the most educated and possibly most dynamic real estate investment Vegas has seen in years. She estimates that the cost to build a comparable building today in Vegas would easily be over $300 a square-foot. Existing units on the market to include competing developments such as The Martin Las Vegas sell for around $200 a square-foot. CIM paid approximately $135 per square foot.
Not to be confused with the original Turnberry Place, Turnberry Towers was formerly Madison Towers and developed as an affordable compliment to the nearby sister property Turnberry Place. Turnberry Place is a guard-gated Las Vegas luxury high rise condo development featuring the popular Sterling Club. McCormick recommends buyer visit both locations to decided which community best meets their lifestyle.
With the inventory of short-sale and forclosure high rise condos in Las Vegas being acquired by all-cash buyers, McCormick is advising interested buyer to take action now. She notes that in six-months the lowest priced units in Panorama Towers Las Vegas are now $50K higher. McCormick can be reached at 1-888-920-2292. All Las Vegas high rise condos for sale along with Las Vegas homes and condos can be viewed online at http://www.LasVegasRealEstate.org