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Wednesday, October 3, 2018

Palms Place Market Update -- 4th Quarter 2018

Palms Place Condos In Strong Demand

CLICK HERE TO SEE ALL PALMS PLACE CONDOS FOR SALE




There's no doubt that sales at Palms Place Condos have heated up this year.  In analyzing the sales the past 90 days, it's clear that the days on market has decreased.

Currently, there are just 17 units on the market, with two of them being POSH PENTHOUSES.

View the most expensive Palms Place Penthouse for sale:



There are just 5 corner 1 bedroom condos for sale at Palms Place ranging in price from $435k to $469k - a pretty narrow range.

The studios that are currently listed range from a low of $230k for a 9th floor unit to $289k for a 16th floor unit.  Curiously enough, only 3 of these studios are strip side.

As far as sold units go - in the past 3 months, one bedroom sales have ranged from a low of $382k to a high of $540k and the studio sales have ranged from $220k to $289k.

At Palms Place - the even numbered units face the Strip and odd numbered units face West - just the opposite of MGM Signature  - where the even numbered units face the Strip side.

With Clark County cracking down on all AIR BNB rentals, Las Vegas Hotel Condos are in strong demand, as they are perfectly legal here.  Furthermore, Trump Tower and The Platinum have rules that make AIR BNB problematic, so the demand for Palms Place Condos and The Signature remain quite strong.

Getting to the new Raiders Stadium that is under construction, from Palms Place, is really easy.  You just drive east on Flamingo and go South on Dean Martin Drive and you are a quick 10 minutes ( if that) away.

With no new high rise condo towers under construction in Las Vegas  - nor any planned, I expect we can continue to see upside appreciation potential in this market sector.







Tuesday, January 16, 2018

Palms Place 2018 Market Wrap Up

As we begin the New Year, we find that Palms Place Condo Inventory is quite low.

There are 2 penthouses on the market priced upwards of $3.7 million.

There are 9 corner one bedroom units on the market and 8 studios.


Palms Place condos permit nightly rentals for those who wish to AIR BNB there units.  Or,  owners can place their units in the on site rental program run by Palms Place.  Furthermore, these condos are located really well for quick access to the site of the Raiders Stadium.  Take a look at our fabulous strip view studio listing and give us a call.  Priced at $237,500, we don't expect it to last long.


Unit # 2406

ENJOY PANORAMIC STRIP VIEWS FROM THE 24TH FLOOR OF PALMS PLACE LUXURY HIGH RISE CONDO TOWER. FULLY FURNISHED: 2 TVS, KING BED, SOFA SLEEPER, MARBLE CLAD BATH, STAINLESS KITCHEN APPLIANCES, HARDWOOD FLOORING, FLOOR TO CEILING GLASS. TERRIFIC LOCATION MINUTES FORM THE FUTURE RAIDERS STADIUM, T-MOBILE ARENA, AND WORLD CLASS SHOPPING, DINING & ENTERTAINMENT. ON SITE OPTIONAL RENTAL PROGRAM OR MANAGE YOURSELF. NIGHTY RENTALS PERMITTED.













Buyers of Palms Place Condos typically compare to those at the Mgm Signature.  These also permit nightly rentals and are flexible as to whether you want to join the on site rental program or a third party one.






Sunday, September 3, 2017

September 2017 Market Snapshot

Palms Place Condos Market Wrap as of Labor Day Weekend


Inventory is quite thin, with only 17 condos available for sale as of Sept. 3rd. Of these, 8 are 1 bedroom condos and 9 are studios. Studios are priced from $220k to $260k.  At Palms Place, the even numbered units face the Strip and the odd numbered units face the mountains (west).

There are 2 condos in escrow - one studio and 1 One Bedroom.

7 condos were sold in the past 30 days, of these all were studios except one.  The studios that sold were priced from $180k to $245k, and the one bedroom sold for $340k.






702-232-5376





Thursday, June 22, 2017

Summer 2017 Palms Place Market Update

There are currently 15 Palms Place condos for sale as of this writing.  8 are studios.

There are 10 units currently under contract. 3 are one bedroom units and the rest are studios.

And a whopping 27 units were sold over the past 90 days.

Sales at Palms Place have been strong, as have sales at Panorama Towers and The Martin.  This is probably due to the announcement of the new Raiders Stadium that will be built a quick 10 minute drive from these properties.



To see what the current inventory is at Palms Place:

CLICK HERE TO SEE ALL PALMS PLACE CONDOS FOR SALE


702-236-8364


Saturday, April 1, 2017

Palms Place 1st Quarter Market Report

Palms Place Condos Las Vegas 2017 Stats


There are 28 condos on the market ranging in price from $195,000 for a studio to $1,488,000 for a penthouse on the 55th floor.

There are currently 12 Palms Place condos in escrow. Of these 12, all are studios except for two one bedroom 1220 sq. ft corner units priced in the $300k's

16 Palms Place condos have sold in the first 3 months of 2017. This strong sales velocity may be due to the announcement that the Raiders Stadium will be completed in 2020.  It is a quick trip from Palms Place to the proposed Stadium sites via Dean Martin Drive.

For more info on all Palms Place Condos for Sale - CLICK HERE.

If you are considering Buying a Palms Place Condo, you may also want to consider MGM SIGNATURE CONDOS.   They are similar in flexibilty as far as use goes.




Visit:




702-232-5376

Saturday, December 31, 2016

Palms Place Condos Las Vegas Year End Market Wrap Up

2017 Palm Place Market Update

Aside from the $22 million Founders Palms Place Penthouse for Sale, there are 34 condos on the market ranging in price from $182,500 for a studio to $675k for a 1 bedroom studio combo.

There are currently 6 Palms Place condos in escrow.  One is a studio short sale listed at $125k that is sure to sell at a higher price than list.  All other Palms Place condos in escrow are 1 bedroom unit, which are corners. List prices for these 1220 sq. ft. fully furnished units range from $260k to $369.

73 Palms Place condos have sold in the last 6 months of 2016. This strong sales velocity was in large part due to the bulk buyer's sell out and strong incentive offerings.

For more info on all Palms Place Condos for Sale - CLICK HERE.

Saturday, August 27, 2016

Palms Place Market Update - August 2016

Palms Place Sales Stats & Quick Search Links

There are 33 units currently for sale ranging from $180k to $22 million.  Quite a Spread!

CLICK HERE TO VIEW THE LISTINGS FOR SALE AT PALMS PLACE


Here's the description of the $22 million Palms Place Penthouse - it takes up the entire 59th floor:

Maloof owned "Founder's Penthouse" - 27,000 sq. ft. indoor/outdoor space; 360 degree views; Priv elevator
access; Fully furnished; 35 flat screen tvs; 20-person hot tub; 30 ft. ceilings; Outdoor theater; Glass walls;
 DJ booth; Whole home remote control; Wet bar; Helipad capable; 3 bedroom/6 bath; Office; Full gym;
1 Dali & 1 Picasso incl.


What Condos are Currently Under Contract at Palms Place?



What has SOLD in Palms Place in the Past 90 Days?

A whopping 61 Units SOLD in the past 3 months!   Prices ranged from $155k to $401k.

The market has been incredibly brisk for these Las Vegas Hotel Condos. 

Connect with The Stark Team for all Your Las Vegas High Rise Condo Needs.

702 236 8264