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Audrey Few-8-pg-Vegas Luxury Condo Report-December 2018

Page 1

8607 W Sahara Avenue Las Vegas, NV 89117

AUDREY R. FEW BROKER CRS, CIPS, RSPS

702.763.6786 Audrey@LivelloRealty.com www.LivelloRealty.com www.LasVegasValueReport.com

Experience matters. If you’ve considered selling, you need a condo hotel expert with marketing and negotiating skills to help position your property above the rest. Audrey has sold hundreds of condo hotel properties in Las Vegas. Call her today at 702-763-6786 to find out how she will help you maximize your condo’s selling potential.

LAS VEGAS REINVENTED! Las Vegas is growing! More than $5 billion dollars worth of construction is being invested in the city. The investments began with the $375 million T-Mobile arena and with plans for a $2 billion stadium. And that’s just the beginning:

5-STAR ZILLOW AGENT

To quote the Las Vegas Review Journal, “Madison Square Garden is partnering with Las Vegas Sands Corp. to build the 18,000-seat entertainment venue, which will be a 360-foot-tall sphere 500 feet wide at its widest point. Scheduled for a 2020 completion date, the facility will be located on a 63-acre lot east of the Sands Expo & Convention Center.” It’s not just new construction that is adding to the wave of change. $550 million was invested into Park MGM (formerly known as Monte Carlo). Another major transformation is starting with a $620 million investment into The Palms. Jon Gray, the general manager of The Palms, says that the transition is still in progress with more changes coming through the first quarter and early second quarter of 2019.

Source: https://bit.ly/2PVOdkW | https://bit.ly/2N7FMAZ | https://bit.ly/2qbAueT

I have sold 9 houses in my life, and Audrey , in my opinion, is the top real estate pro out of all of them. She was knowledgeable about the property, immediately responsive to any of our questions and concerns. She followed up everything promptly and knew what price would get a sale and wasn’t too low. We sold the properties in several weeks at close to our asking price. I give her a top rating.

REINVESTMENT & REINVENTION DESTINATION

TOTAL INVESTMENT

DESTINATION

TOTAL INVESTMENT

Park MGM & NoMad Las Vegas

$450M

LVCCD (Phase 2)

$860M

Palace Station

$191M

Caesars Forum

$375M

Skyline Hotel & Casino

$7M

Wynn Project

$1.6B

Resorts World Las Vegas

$4B

Esports Arena Las Vegas

$9M

The Drew Las Vegas

$3B

Mob Museum

$7M

Fly LINQ

$20M

Aria Resort & Casino (add’l mtg. space)

$154M

MGM Grand Conference Center

$130M

2 01 7 A N N UA L V I S I TO R S U M M A RY LAS VEGAS ANNUAL VISITOR VOLUME

2017 OCCUPANCY U.S VS. LAS VEGAS

42.2 MILLION

U.S.: 65.9% | LV: 88.7%

2017 Tourism Volume is 3rd Best on Record

22.8% DIFFERENCE

2018 VISITOR VOLUME FORECAST

MGM SIGNATURE PALMS PLACE TRUMP TOWER VDARA HOTEL & SPA

42.7 MILLION, +1.2%

Source: The Las Vegas Convention and Visitors Authority | LVCVA.com

December 2018 Real Estate Market Report Presented by Audrey R. Few www.LasVegasValueReport.com

Prepared Especially for

Jonathan and Angela-Marie Williams


NOW AVAILABLE

RECENTLY SOLD

BY AUDREY R. FEW

BY AUDREY R. FEW

Trump Tower 2410 Strip View 1 bed, 2 baths 974 Sq. Ft. Offered at

Mountain View - Studio - 520 Sq. Ft.

Palms Place 29302

Strip & Mtn. Views 1 bed, 2 baths 1,220 Sq. Ft.

Sold Nov. 2018

Strip View - 1 bd. - 1,220 Sq. Ft.

$465,000

Trump Tower 5004

Sold Sep. 2018

$440,000

Strip View - Studio - 534 Sq. Ft.

$312,000

Palms Place 19305

Sold Aug. 2018

Mtn. View - Studio - 615 Sq. Ft.

$225,000

Palms Place 16308

Sold May 2018

Strip View - Studio - 615 Sq. Ft.

$234,800

Trump Tower 5806

Sold Mar. 2018

Strip View - 1 bd. - 910 Sq. Ft.

$550,000

MGM Signature 2416

Sold Jan. 2018

Mountain View - Studio - 520 Sq. Ft.

2

IN ESCROW

Palms Place 35310 Strip View - Studio - 615 Sq. Ft.

Vdara 22026

IN ESCROW

Sold Oct. 2018

North View - Studio- 631 Sq. Ft.

$460,000

Trump Tower 5003

Sold Sep. 2018

Palms Place 35302

Sold Dec. 2018

Strip View - 1 bd. - 1,220 Sq. Ft.

$480,000

Trump Tower 1705

Sold Oct. 2018

Strip View - Studio - 534 Sq. Ft.

$232,000

Palms Place 16316

Sold Aug. 2018

$409,999

Palms Place 32301

Offered at

Palms Place 17318

$266,000

Strip View - Studio - 534 Sq. Ft.

$312,000

Palms Place 30310

Sold Jul. 2018

Strip View - Studio - 615 Sq. Ft.

$280,000

Palms Place 35304

Sold May 2018

Strip View - Studio - 615 Sq. Ft.

$269,000

MGM Signature 2407

Sold Jun. 2018

Strip View - Studio - 520 Sq. Ft.

$295,000

Palms Place 27301

Sold Mar. 2018

Strip View - Studio - 615 Sq. Ft.

$265,000

MGM Signature 309

Sold Mar. 2018

Strip View - Studio - 520 Sq. Ft.

$230,000

Strip View - Studio - 615 Sq. Ft.

$266,000

Palms Place 50322

Sold Jan. 2018

Palms Place 52320

Sold Jan. 2018

Strip View - 1 bd. - 1,220 Sq. Ft.

$440,750

Strip & Mtn. Views - 1 bd. - 1,220 Sq. Ft.

$369,000

Palms Place 50320

Sold Jan. 2018

Strip View - Studio - 615 Sq. Ft.

$270,000

Let me achieve the same exceptional results for you as I did for these clients. Call me at 702.763.6786 to have your home professionally marketed. 7


VDARA HOTEL & SPA CURRENT ACTIVE LISTINGS Unit Number 7008 16040 23034 18026 23030 32032 50012 53020 10019 7039 6047 19021 55019

Unit Type

Views

Estimated Square Feet

List Price

Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio One Bedroom One Bedroom Penthouse

North North North North North North North North South South South South South

609 631 630 631 629 631 629 631 548 608 841 823 1,199

$425,000 $425,000 $449,888 $488,888 $495,000 $499,999 $575,000 $594,888 $424,888 $425,000 $675,000 $699,000 $1,399,888

SOLD IN THE LAST 90 DAYS Unit Number 22026 41024

Unit Type

Views

Estimated Square Feet

Sold Price

Sold Date

Studio One Bedroom

North North

631 853

$460,000 $750,000

10/15/18 10/09/18

Audrey Few and Livello Realty are not in any way affiliated with any Homeowners Associations in Las Vegas, nor is this in any way an official advertisement or publication of Vdara Hotel & Spa. © 2018. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the GLVAR MLS as of December 3rd, 2018. Listings and sales may not be those of Livello Realty. GLVAR MLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

MGM SIGNATURE

CURRENT ACTIVE LISTINGS Unit Number

Unit Type

Views

Estimated Square Feet

List Price

1004 1204 918 1904 2818 1906 3304 3418 3019 311 1519 407 1209 507 1607 1003 715 2507 3015 1007 1005 405 1505 2705 3603 2615 3211 3207 3511 32-605 3315 2802 1520 1714 3520 3014 2220 2002 & 2004 2702 & 2704 3118 & 3120 3301 & 3303 3301 & 3303

Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom Studio + One Bedroom Studio + One Bedroom Studio + One Bedroom Studio + One Bedroom Studio + One Bedroom

Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Strip Strip

520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 520 874 874 874 874 847 874 1,394 1,394 1,394 1,394 1,394

$244,888 $249,990 $268,000 $275,000 $279,888 $279,888 $288,888 $297,000 $299,900 $244,888 $255,000 $259,900 $268,000 $279,888 $282,900 $285,000 $286,999 $289,900 $291,000 $296,888 $296,888 $299,888 $299,900 $299,900 $299,950 $300,000 $319,800 $319,888 $320,000 $329,888 $334,888 $299,000 $299,999 $315,000 $329,888 $340,000 $349,999 $575,888 $579,888 $689,888 $699,000 $729,000

SOLD IN THE LAST 90 DAYS Unit Number 518 3816 506 1206 504 618 3518 916 503 819 3305 2005 911 811 1820 3702 520 1414 3308 3019 2214 & 2216 3601 & 3603

6

Unit Type

Views

Est. Sq. Ft.

Sold Price

Sold Date

Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom Studio + One Bedroom Studio + One Bedroom

Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Strip Strip Strip Strip Strip Strip Downtown Downtown Downtown Downtown Downtown Strip Downtown Strip

520 520 520 520 520 520 520 520 520 520 520 520 520 520 874 874 874 874 847 520 1,394 1,394

$220,000 $292,000 $235,000 $265,000 $230,000 $235,000 $285,000 $215,000 $240,000 $240,000 $315,000 $300,000 $260,000 $260,000 $300,000 $300,000 $280,000 $275,000 $320,000 $299,000 $560,000 $450,000

11/20/18 10/25/18 10/19/18 10/13/18 10/03/18 10/02/18 09/26/18 09/07/18 11/01/18 10/19/18 10/12/18 10/09/18 09/21/18 09/14/18 11/05/18 11/02/18 10/29/18 10/12/18 09/27/18 10/09/18 09/18/18 11/02/18

Audrey Few and Livello Realty are not in any way affiliated with any Homeowners Associations in Las Vegas, nor is this in any way an official advertisement or publication of MGM Signature. © 2018. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the GLVAR MLS as of December 3rd, 2018. Listings and sales may not be those of Livello Realty. GLVAR MLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

3


Views

Studio Studio Studio Studio Studio Studio Studio One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom Penthouse Penthouse Penthouse

Mountain Mountain Mountain Mountain Mountain Strip Strip Mountain Strip & Mountain Strip & Mountain Strip & Mountain Strip & Mountain Strip & Mountain Strip Strip Strip & Mountain

636 615 615 615 615 615 615 1,220 1,220 1,220 1,220 1,220 1,220 3,300 3,300 6,230

List Price $229,000 $239,900 $239,999 $275,000 $290,000 $249,888 $299,900 $429,000 $399,000 $425,000 $440,000 $459,000 $459,888 $3,750,000 $3,998,000 $15,000,000

› Penthouse A › PH 302

MOUNTAIN VIEW

Unit Type

› Penthouse E

› Penthouse B

› PH 301

› PH 304

› Mountain View

› Strip View

› Penthouse D › PH 306

N

› Penthouse C

W

Floor Plate Layout 8–53

SOLD IN THE LAST 90 DAYS Views

Studio Studio One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom

Mountain Mountain Mountain Strip Strip Strip Strip Strip Strip Strip & Mountain Strip & Mountain

Estimated Sold Price Square Feet 615 615 1,220 1,220 1,220 1,220 1,220 1,220 1,220 1,220 1,220

$230,000 $220,000 $420,000 $480,000 $459,888 $500,000 $430,000 $400,000 $450,000 $370,000 $440,000

702.944.3460 ˚ palmsplacesales.com ˚ 4381 West Flamingo Road ˚ Las Vegas, NV 89103

Sold Date 11/06/18 09/26/18 11/26/18 11/30/18 11/28/18 11/16/18 09/19/18 09/18/18 09/14/18 10/10/18 09/28/18

› One Bedroom Suite

› One Bedroom Suite

› 301

› 302

› Studio Suite

› Studio Suite

› 303

› 304

› Studio Suite

› Studio Suite

› 305

› 306

› Studio Suite

› Studio Suite

› 307

› 308

› Studio Suite › 309

› Studio Suite › 310

› Studio Suite › 312

› Mountain View

› Studio Suite › 316

STRIP VIEW

2407 23307 5001 35302 1902 2802 3202 12322 3222 9321 30301

Unit Type

MOUNTAIN VIEW

Unit Number

›E S

› PH 308

› Strip View

› Studio Suite › 318

› Studio Suite

› Studio Suite

› 319

› 320 N

Audrey Few and Livello Realty are not in any way affiliated with any Homeowners Associations in Las Vegas, nor is this in any way an official advertisement or publication of Palms Place. © 2018. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the GLVAR MLS as of December 3rd, 2018. Listings and sales may not be those of Livello Realty. GLVAR MLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

› One Bedroom Suite

› One Bedroom Suite

› 321

› 322

W

2315 1618 3324 3119 2516 3814 3817 3816 4119 4319 4620 4512 2723 5717 5716 2828 2204 2105 3100 2302 3528 4701 4902 4901 4202 3909 2022 1822 3221 4422 5521 2422 4511 4621 2410 2006 2725 2726 2010 2526 3926 2507 5207 6005 6001 6201

4

Unit Type

Views

Est. Sq. Ft.

List Price

Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio Studio One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom One Bedroom Penthouse Penthouse Penthouse

Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Strip Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Strip Strip Strip Strip Strip Strip Strip Strip Strip Downtown Strip Strip

534 534 534 533 533 533 534 534 533 533 534 534 533 533 533 533 533 534 533 523 533 533 534 534 533 533 974 974 910 974 910 974 910 910 974 910 974 910 974 910 910 974 974 1,735 1,735 1,735

$218,000 $220,000 $225,000 $249,000 $249,000 $249,000 $258,000 $258,000 $259,999 $275,000 $320,000 $375,000 $388,000 $599,900 $599,900 $249,900 $255,000 $255,000 $259,888 $270,000 $275,000 $299,888 $308,000 $308,000 $319,000 $319,900 $375,000 $415,888 $429,888 $445,000 $454,888 $474,900 $475,000 $512,000 $409,999 $415,000 $425,000 $435,000 $477,777 $485,888 $510,000 $579,900 $699,000 $1,390,000 $1,790,000 $2,300,000

›E S

SOLD IN THE LAST 90 DAYS Unit Number

702.944.3460 ˚ palmsplacesales.com ˚ 4381 West Flamingo Road ˚ Las Vegas, NV 89103

LAS VEGAS BOULEVARD

2112 3015 3520 2702 3201 1705 4227 3001 3921 1626

Unit Type

Views

Est. Sq. Ft.

Sold Price

Sold Date

Studio Studio Studio Studio Studio Studio Studio Studio One Bedroom One Bedroom

Downtown Downtown Downtown Strip Strip Strip Strip Strip Downtown Strip

534 534 533 533 534 534 534 533 910 910

$217,900 $220,000 $226,500 $240,000 $255,000 $232,000 $250,000 $255,000 $385,000 $375,000

11/13/18 10/25/18 09/13/18 10/10/18 10/04/18 10/03/18 10/02/18 09/07/18 11/19/18 10/01/18

Audrey Few and Livello Realty are not in any way affiliated with any Homeowners Associations in Las Vegas, nor is this in any way an official advertisement or publication of Trump International Hotel & Tower. © 2018. All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the GLVAR MLS as of December 3rd, 2018. Listings and sales may not be those of Livello Realty. GLVAR MLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.

FASHION SHOW MALL

Unit Number

Estimated Square Feet

STRIP VIEW

1109 1205 17305 38303 11307 1204 38306 2521 1101 1601 32301 22301 36301 55304 57304 5901

CURRENT ACTIVE LISTINGS

Floor Plate Layout 55–58

CURRENT ACTIVE LISTINGS Unit Number

TRUMP TOWER

LAS VEGAS BOULEVARD

FASHION SHOW MALL

PALMS PLACE

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