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| Condo-Hotels August Market Update | by Myra Hatten, Coldwell Banker Premier Realty |
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| Palms Place Hotel & Spa
4 unit sold in August
35 Suites currently on the market starting at $244,900
Average sales price: $315,125
Median price: $299,000
$/sq. ft.: $432.77
The Signature at MGM Grand
5 units sold in August
47 Suites currently on the market starting at $270,000
Average sales price: $286,578
Median price: $283,000
Average $/sq. ft.: $456.70
Trump International Hotel
0 unit sold in August
71 Suites currently on the market starting at $210,000 |
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| Southern NV Market Update | | • According to the U.S. Census Bureau, Nevada ranked #1 in resident population growth from 2017-2018 with 2.09%. An average of 5 people per hour moves to Nevada.
• According to the Bureau of Labor Statistics, Nevada ranked #1 for fastest job growth in the nation with 3.3%.
• According to the U.S. Bureau of Economics, Nevada ranked #3 for fast-growing personal income with 5.7% right behind Washington and Utah.
• There is currently $24 Billion worth or under construction and planned projects in Southern Nevada. Contact me to get a copy of the complete list.
1. Resorts World Las Vegas - $4.2B Est. completion date 2021
2. The Drew - $3.1B Est. completion date 2022
3. Jackie Robinson Arena and Hotel Project - $2.7B – planned
4. The Raiders Stadium (65,00 seats) - $1.9B Est. completion date 2020
5.The Union Village - $1.2B Est. completion date 2025 |
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| Sahara Hotel back in Las Vegas | | The SLS has officially been renamed Sahara Las Vegas. It’s part of the $150M rebranding and renovation project. The hotel will also have a new cabaret show called Blanc de Blanc. The property’s 1,615 guest rooms, casino, restaurants, and bars have been upgraded. Improvements to the lobby and other areas will continue into 2020. |
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| “If you think it’s expensive to hire a professional, just
wait until you hire an amateur.” |
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| Palms Place Hotel Suite 38303 |
| Property Type: Condo-hotel
Bathrooms: 1
Year Built: 2006 |
| MLS #: 2126130
Square Feet: 615
List Price: $275,000 |
| Lot Size: 0 ac |
| Contemporary luxury living. Enjoy the beautiful mountain view from your own private balcony located on the 38th floor. This popular corner studio suite is fully furnished with stainless steel appliances, 2 flat-screen TVs, a king-size bed and a queen-size pull-out sofa. Ownership features VIP check-in and concierge services. A world-class property minutes from the famous Las Vegas Strip.
3D Tour Link |
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| | Las Vegas Events & Concerts |
| Sept 6 – 7: Elton John at the T-Mobile Arena
Sept 8: Heart with Joan Jett & The Blackhearts at the Love Alive Tour at the Pearl Theater, Palms
Sept 13: Iron Maiden with The Raven Age at the MGM Grand
Sept 13: Marco Antonio Solis at the Mandalay Bay
Sept 13: One Republic at the Pearl Theater, Palms
Sept 14: MANA at the MGM Grand
Sept 15: Alejandro Fernandez at the Mandalay Bay
Sept 20 – 21: iHeart Radio Music Festival at the T-Mobile Arena
Sept 20 – 22: Life is Beautiful Music and Art Festival at Downtown Las Vegas Life is Beautiful |
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| Did you know? |
| Nevada Trivia and Interesting Facts
• Nevada gets its name from the Spanish for "snow-covered" because of the Sierra Nevada mountain range.
• The bill to legalize gambling in Nevada was first passed in March of 1931.
• The Hoover Dam is one of Nevada's most famous tourist attractions. To this day it is the largest single public works project in U.S. history. It contains over 3.25 million cubic yards of concrete.
• Nevada is home to what is known as the Extraterrestrial Highway. Many individuals have claimed to have experienced UFO sightings along this 98-mile stretch of road.
• Nevada's key industries include agriculture, tourism, entertainment, mining, and manufacturing.
Source: Website link |
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| © 2019 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office Is Independently Owned And Operated. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. | An Equal Opportunity Company  Equal Housing Opportunity |
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