Las Vegas Condos Market

Even with rumors that the Las Vegas home market is cooling, developers and investors are pushing for more condo conversions in Las Vegas. Real estate investor Louis Birdman of Florida based Sun Vest Communities, is still optimistic about the opportunity that Las Vegas real estate presents.

So far this year Sun Vest has sold almost 2,000 condos in Florida, Arizona, and Nevada. This year in Las Vegas the firm has sold at least 400 Las Vegas condos.

Last year Sun Vest spent $40 million on Traverse Point apartments and has converted them to one bedroom condo units starting around $100,000.