2019 Palms Place Las Vegas Market Update

What is Listed for Sale?

CLICK HERE TO SEE ALL CURRENT PALMS PLACE CONDOS FOR SALE

The Amazing Founders Penthouse is on the market for a Cool $15 million on the 59th Floor. Owned by the Maloof Family - this is a one of a kind Trophy Property.

Take the Tour Here

Aside from that there is one other penthouse for sale at Palms Place for 

$ 3,998,000 for 3300 sq. ft.  

See The Palms Place Penthouse Photo Gallery Tour Here

There are 15 other Palms Place hotel condos for sale as of March 2, 2019.

7 are 1220 sq. ft corner one bedroom units.

8 are studios.

What has sold thus far in 2019 at Palms Place hotel-condos in Las Vegas?

7 Palms Place condos have sold in 2019, with one being a 1 bedrooms.

That was unit #:  1121, a mountainside unit that sold for $390k.

The studios that sold ranged from $235k to $280k.

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.

www-Las-Vegas-Penthouses.com

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.

www-Las-Vegas-Penthouses.com

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.

To see the current Palms Place Condos For SALE

CLICK HERE

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.

CLICK HERE TO SEE ALL SIGNATURE AT MGM GRAND CONDOS FOR SALE IN LAS VEGAS

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.

Looking to buy a condo in Palms Place?

CLICK HERE TO VIEW ALL PALMS PLACE CONDOS IN LAS VEGAS FOR SALE

702-232-5376

View Las Vegas Luxury Condos for Sale

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

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:

www.Las-Vegas-Penthouses.com

www.LasVegasLuxuryResidences.com

www.JuneStark.com

702-232-5376

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.

SEE ALL LAS VEGAS CONDO HOTELS FOR SALE IN THE MLS - CLICK HERE

JuneStark.com