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MGM CityCenter Devaluation

MGM CityCenter has been devalued to less than its construction costs. CLICK TO READ

With lending so tight and pricing at $700 psf for regular condos - non penthouse units - will buyers close escrow? Will CityCenter need to do further price reductions or buyers forfeit their deposits and re-look at the project later or others? Time will tell.

What is HOT? MGM SIGNATURE HOTEL-CONDOS at $150k + for studios! Is this realtor "puffery". I don't think so. Send me an e-mail & i will send you a list of all the recent closings at the Signature at MGM Grand and the sales velocity will speak for itself as well as the over list price closing stats in some instances.

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Posted by June Stark-Las Vegas Condos High Rise Expert on 10/21/2009 06:09 PM

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Mgm Citycenter on the Strip in the ActiveRain Channel

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June Stark-Las Vegas Condos High Rise Expert

Las Vegas, NV

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Elite Realty-Luxury Properties On & Off the Strip

Address: 8605 S. Eastern Ave., Suite B-102, Las Vegas, NV, 89123

Office Phone: (702) 236-8364

Cell Phone: (702) 376-5220

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Las Vegas High Rise Condo real estate up-to-date news & info for luxury strip area high rises & luxury homes: Panorama, Sky, Trump, MGM Condos, CityCenter, Allure, Loft 5,Palms Place & Turnberry Towers. Visit for Foreclosure news and Lake Las Vegas and Anthem Country Club in Henderson NV real estate.

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