Vegas Keeps up the Boom

It seems that Las Vegas is still producing great new developments and builders are moving forward with projects.  Although many new Las Vegas condo developments, condos hotels, and casino/condo projects did not make it out of the ground, new long anticipated developments such as The Cosmopolitan Resort and Casino are up and running.  The Cosmo is the epitome of luxury resort condo hotels.  Las Vegas is and always will be a great condo hotel market whether buyers are purchasing for their own needs or as an investment.

The Cosmo offer almost 3,000 condo hotel suites, rooms, and penthouses and 150,000 square feet of conference and convention space.  This condo hotel is a great opportunity.  For long-term planning, many buyers will continue purchasing for residences or invesments, espeically now that the Fed lower the rate.  This may bring some buyers off the fence becuase that is exactly what they were waiting for.  Prices in Las Vegas will remain relavitvely stable and new condos are still launching with units starting in the $700's and up which is keeping values in Las Vegas high.