Interesting how the national media has begun to pick-up on the supposed downturn in high rise condos in Vegas.

This article, Vegas Condos Go Cold ? Developers are suddenly scaling back their bets on the town's once sizzling luxury real estate market, appeared on Time.com yesterday.

However, there's still demand for high rise condos. In fact, of those that have been built or are under construction, there's less than 10 percent of available inventory.

There are 16 high rise condos, that's 15 stories and above, under construction in Vegas today. Half of these are condo hotels. The other eight are 90 percent sold - they have solid contracts.

So, despite constraints of increasing construction costs, available contractors and skilled workers, the market still suggests a high demand for high rise condos.