The Las Vegas market may have slowed, but nobody seems to have told Realtor Aaron Auxier. For the third time in a row, Auxier-- an agent with Luxury Realty Group -- has broken the price-per-square-foot records for both residential homes and residential high-rise condos in the Las Vegas valley. (According to his brokerage firm, all three records have been verified by multiple sources including Clark County tax records.)
The 34-year-old, who has earned the nickname "Hollywood's Connection to Vegas," recently sold several multi-million-dollar penthouses at The Harmon Hotel, Spa & Residences in the the new MGM CityCenter development. Auxier's luxury condo transactions include sales of $1,500, $2,000 and over $2,400 per square foot. The previously recorded record was $1,300 per square foot. Over the past year, Auxier has sold nearly $30 million worth of real estate on the Las Vegas strip.
"Despite the slow national housing market, there is currently more than $30 billion worth of construction happening in the four-mile stretch of The Strip known as the Resort Corridor," says Auxier, who specializes in working with celebrities, CEOs, and professional athletes. "Certain parcels of land have realized up to an 800 percent increase in land valuation since 2004. With an ever increasing appeal to a global audience and $1.5 billion in condo sales at CityCenter in 2007, I feel the press often misunderstands what's happening on the Las Vegas Strip."
As we've said in the past, the market overall is slow, but there are some segments in the luxury market which continue to click along, in this case with the sound of slot machines in the background.
