Mandarin Oriental Residences Las Vegas Get Surge In Sales With New Housing Market Numbers

LAS VEGAS - May 7, 2013 - PRLog -- New housing numbers have everyone across the country excited but no more than at the Mandarin Oriental Residences in Las Vegas.  Within the last month 14 condos sales have closed with 30 more units under contract, according to Steven Khalilzadegan a Real Estate Agent of Stardust Realty in Las Vegas.  

The Original Developer, MGM-Mirage, has price adjusted the luxury units within the last couple of months with pricing starting as low as  $680,000 and going up to $6M, as low as $615 per square foot. These price adjustments along with the newly released market housing numbers have caused investors to take note.

Khalilzadegan also states that, "The units that have sold at the Mandarin within the last month were priced  across the board, with their least expensive $650,000 to a condo home sold at $3.1 Million."  Khalilzadegan recently closed a $1.2 Million dollar sale from a resident who was previously leasing at the Mandarin and decided to take advantage of the positive market trends.  

According to Zillow, a Seattle based research firm, Las Vegas housing prices surged 22.3% over the last year after hitting bottom, while the rest of the country rose 5%.  Predictions by this firm are an estimated increase in Las Vegas of 7.5% in the coming year.

Investors like the idea of buyer either a primary residence or second residence at a luxury tower like The Mandarin Oriental which has a top notch brand association known around the world. The Mandarin Residences are only a few years old in Las Vegas and have amenities that are luxurious and convenient while living on one of the most popular tourist destinations in the world - The Las Vegas Strip

In addition, the Mandarin Oriental Residences in Las Vegas are one of only three Mandarin Oriental Residences allowing units to be purchased by the public, the rest are exclusively hotels. The residences have their own separate facilities away from the hotel including a private lobby and elevators, yet the dazzle of the Las Vegas strip is right within reach when residents are in the mood.

For information about Mandarin Oriental Residences or to set up a viewing of this wonderful investment opportunity please contact Steven Khalilzadegan 702-810-6039, http://http://themandarinorientallasvegas.com and receive excellent service.