No one could questions that Donald Trump has his ears to the ground in all markets in which he is involved. To date, there have been 3 foreclosure condos listed in our Greater LAS VEGAS MLS in Trump Tower. All of them have been new to market within the last month or so. How did The Donald respond to them? By Drastically reducing prices on all remaining inventory. How Much? As much as 50%!
Trump Studio Model
How was Trump's timing? Excellent! With the repo train winding way down in the condos at the Signature at MGM, the hottest selling Vegas strip area high rise condos in 2009, and inventory levels thin, cash buyers seeking a luxury condo hotel will be seeking an alternative. And with MGM CityCenter's condos selling at $700 to $1000 per sq. ft. after a 30% price cut, the fully furnished condos at Trump Tower for under $200k could be the next hot commodity in Vegas strip area condos in 2010.
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