The Las Vegas median home price in September was $285,000. In metro Phoenix, it was $249,900 according to the MLS.
It seems high-rise condos are doing well.
During 2004 and 2005, it seemed as though a new high-rise deal was announced every week, with some superstar attached to it. Several were never built, including one “” Ivana (Trump, that is) “” that was announced with great fanfare.
By contrast, all the units in Trump Towers, near the Fashion Show Mall just off the Strip, have been sold, and sales have begun in the second tower. Sales at Signature at the MGM Grand have been wildly successful, and the partners, MGM Grand and Turnberry Associates, are contemplating more joint ventures. Off the Strip, One Queensridge Place has lured locals living in the suburbs who want a large, luxurious living space and a more carefree lifestyle.