Las Vegas Condo Conversation Sales Up

Home Builders Research reported that Las Vegas condo conversions comprised 20 percent of the 38,517 new-home sales for the year of 2005.

They stated that "more than 7,700 of the 2005 new-home transactions were from apartment conversions."

Las Vegas condo conversations is an alternative to the pricy Las Vegas High Rise Condos that are springing up in the metro area.

Condo conversions can still run in the mid $160k range with 2 and 3 bedroom units under $190,000.