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Just love the broad brush comments on Blogs about …

Just love the broad brush comments on Blogs about the <a href=”http://www.luxuryrealtygroup.com” title=”Las Vegas real estate”>Las Vegas real estate </a>market when the real facts are never quoted. There have been so many cancelled high rise projects in Las Vegas that supply is very limited. Guess buyers forget that low supply equals high demand. Yes, short term it “appears” there is supply but look at the forward construction pipeline – very empty other than City Center. Vegas doesn’t come anywhere close to Miami’s 50,000 plus condos. Try 895 luxury high rise condos near the prime Strip in existence at the end of 2006 and 1407 hotel condos. Over supply? I don’t think so. Buyers on the sidelines are missing out.

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