SOURCE: Pordes Residential Sales & Marketing

October 01, 2013 10:00 ET

Veer Towers Sales Ahead of Projections as Luxury Condo Market Rebounds in Las Vegas

Veer Towers at CityCenter Helps Lead Market Turnaround With 80 Sales Since February

LAS VEGAS, NV--(Marketwired - October 01, 2013) - Sales at Veer Towers, which sits in the heart of CityCenter on the Las Vegas Strip, have outpaced projections and the project is now one of the leaders in the luxury real estate market in Las Vegas. Since Pordes Residential Sales and Marketing took over sales in February, buyers have snatched up more than 80 units.

"Sales are ahead of schedule and we anticipate the pace will strengthen even more through the next selling season," said Mark Pordes, CEO of Pordes Residential Sales & Marketing.

In February, prices were adjusted to be competitive in the market. Prices vary depending on unit size, location and view. "Prices will start to go up in certain locations in the building and for certain floor plans where demand has been the greatest. The time to buy is now," Pordes added.

Summer is typically a slow season for real estate in Las Vegas, but at Veer Towers, the summer sizzled and 33 sales were made. That momentum is expected to continue through the next big sales season which begins in October.

Veer Towers is the only fully residential high-rise on The Strip with a location and lifestyle second to none. No other community offers luxury shopping, fine dining, world-class entertainment and gaming within walking distance. Residents are surrounded by the luxury and convenience of The Shops at Crystals, the Gallery Row Shops, ARIA Resort & Casino, Vdara Hotel & Spa, and Mandarin Oriental, Las Vegas.

With no new residential construction projects planned, buyers should act now to ensure they get the best property at the best price. "There will be less competition in 2014. Veer Towers will be one of the few buildings with quality units, but our units are selling quickly," said Jim Navarro, Vice President of Sales for Pordes Residential.

Navarro and his sales team are listing studio, one-, two- and three-bedroom condominiums at prices of $250,000 to more than $1.8 million. For more information on Veer Towers, contact the Pordes Residential sales office at 702-748-8285. The sales office is open seven days a week and nighttime showings are available. Financing options are available.

ABOUT PORDES RESIDENTIAL SALES & MARKETING

Pordes Residential Sales & Marketing sells, markets and invests in unique residential condominium opportunities. The company has globally marketed Florida luxury condominiums, including Canyon Ranch Living Miami Beach and One Bal Harbour. The company works with developers and third-party lenders to reposition residential projects. Outside of Florida, the firm has partnered with developers in Las Vegas and the Caribbean.

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