LAS VEGAS, May 17, 2011 /PRNewswire/ -- Lee M. Medick partner in the Luxe Estates Collection has a secret to selling luxury homes in Las Vegas – market those with a great backstory. "If there are two luxury estate homes side by side would you rather buy the one owned by Nicolas Cage or Joe Nobody?" Lee Medick said responding to a question regarding high end real-estate in Las Vegas. "That is what makes Vegas, Vegas," Lee stated. "The homes that have a great celebrity story remain the hottest properties and are holding their value."
(Photo: http://photos.prnewswire.com/prnh/20110517/LA03394-a)
(Photo: http://photos.prnewswire.com/prnh/20110517/LA03394-b)
Luxe Estates Collection has represented some of the most notable properties including everything from Nicolas Cage's former estate to the 18-bedroom 36 bath Sultan's compound. "While it is true that the overall real-estate market is down the smart money is coming to Luxe Estates to not only capture a piece of Vegas' fabled personality, but to invest in properties that will be the first to grow in value," Lee stated. "Ours is a unique niche. Buyers and investors from across the United States keep our phones ringing and we keep signing confidentially agreements. They foresee a strong rebound in values, and while a Nicolas Cage home should be priced at $12 million in a robust market it is now priced at $7.9 million, that $4 million equity growth potential is what investors are targeting," Lee concluded.
SOURCE Luxe Estates Collection
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article