The Time Is Now
Still worried that the housing market is slowing down? Don’t be. An Archon Group affiliate just bought a Las Vegas apartment complex for $76 million dollars and plans to convert them to condos in two years. The purchase of these apartments comes at a time when worries about housing futures, price checks and reality checks are all going to collide. However, vacancies in the city are below 4.5 percent. Currently, converting apartments to condos has not failed in the Las Vegas area.
The job growth and economic trends in Las Vegas continue to lead in the country and housing costs are still competitive. The time to build, to buy and to invest is now. For more information on purchasing a condo contact Las Vegas Real Estate.
