As high-rises grow, sales slow: This won't last forever

I just read a great article on the Las Vegas review journal Click Here to Read the Article I agree with the article but in my opinion the high rise rise market is doing good but just not as good as the general public would like it to do. With current market conditions and the economy the way it is the high rise market is Ok in my eyes. I believe there are some great deals out there that we won't find in the near future. For all the people on the sidelines waiting for the right time to buy I suggest the time is NOW.Take a step back and take a look at the cycles of the Real Estate market we know that the price of real estate goes up up and up and then it will eventually fall a few steps back but If you pay attention you will see that even though it fell back a few steps back it will always go up again. I'm not saying don't be hesitant about your Luxury High rise condo investment but what I am telling you is that even though it seems that the Luxury High rise condo market has come to a sad end I believe things are just heating up and before you know it that condo that you got your eye on thats listed today under $500,000 will soon be out of reach or you will find your self paying way more then you would have paid If you would have bought Today. Las Vegas has and all ways has been an ever changing city and we all ways find ways reinvent our selves I am excited to see what the city will look like when all of the Mega developments that are under way are finally completed. MGM City Center is estimated first to be completed and will have a huge affect on the current Luxury High rise condo market.

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