MGM/Mirage announced a few hours ago that it would be "slashing" prices by 30%.
Green Living! On Site Shopping Galore! A city within the city of Las Vegas! Futuristic! Inviting! Will the buyers say Deal or No Deal? Email us your thoughts: junestark@msn.com
Vdara Buyers will be offered a chance to move their deposits into VEER - and perhaps financing will be able to be obtained on the residential loft style units on the Las Vegas Strip. That would be a welcome harbinger of things to come. Las Vegas Strip condo financing - what a unique concept in the high rise condo market of 2009!!
We have Panorama Towers 1 & 2 in contruction defect litigation - which makes the previously loanable condo units non loanable. Then there are the stunning Turnberry MGM Signature hotel condos that are being gobbled up by cash buyers at an oh so frenzied pace. With multiple offers on each unit - would be buyers enter a Vegas condo game of "Highest and Best" with the bank - Want to play? - CONTACT THE STARK TEAM - We have connections with the leading REO agents to get our buyers units at a fraction of the cost of MGM CityCenter Condos.
Does $700 psf sound like a deal to you? Granted the location is wonderful - but 1 block east - in a less dense site - and guard gated as well - SIGNATURE condo buyers are getting lavishly appointed 1 bedroom condos at under $300k - placing the price per sq. ft. in the $300 range - Half the price of CityCenter.
Consider Panorama Tower III - Just foreclosed upon by its construction lender - We can help you acquire a condo there at under $400 psf with appointments and finishes just amazing. The cool thing about these luxury condos are the bedazzling strip views - walls of glass - low HOA dues - It's just across the freeway from CityCenter. We have just sold a few of the most stunning condos at this tower at amazing prices for such high quality and design. Click the tour link below and see for yourself!
Take the Tour of Panorama Tower North
Before you consider which condo suits your fancy, give us a call to discuss the issues and financing or lack thereof in each tower. Navigating the ins and outs of bank owned inventory - developer "deals" - short sales - building rules and regulations is a specialty niche. We will supply you with all the stats and facts that you need to enable you to make a sound decision.
Visit Us At:
www.LasVegasForeclosureWorld.com
702 236-8364
Wow, I love this city but unfortunately due to my wife's health we have not been able to go for 3 years now...there is nothing I would like more. Maybe someday I'll move to Vegas, live in a luxury high rise condo and sell real estate there...maybe I should get 2 - one to live in and one for an office?
I guess you could say I'm California Dreamin rightn now....good luck with these
June,
This is a second blog in the last few hours that i see about slashing prices. Reading about construction defect litigation and other signs of a seriously distressed market is nerve raking, and I am sure Las Vegas has more than a fair share of that.
We are watching you, guys, as we a small replica of what is happening in Las Vegas.
Just how long will the mess in Las Vegas last? For real estate professionals it is Lost Vegas.
Congrats on another featured post at Condo Benefits
John - I wish your wife well and hope that you both are able to enjoy all that Vegas has to offer in years to come.
Jon & Dave - Construction Defect Litigation is common unfortunately in any attached products inb Vegas - we need tort reform badly! Slashed prices are needed in order to get folks to close on the CityCenter condos - my fear is that the price cuts are not enough compared to the competition.
The "distressed market" is resulting in a feeding frenzy. I wrote 5 contracts yesterday - and our team is selling at a very brisk pace to all cash buyers a plenty. Well priced units are selling over list price. The new home builders are buying more land for the first time in a long time - I have been in Vegas for 37 years now & she always rebounds - Right now - we have only a 20 day inventory on the MLS - The problem is that the pipeline is still full of foreclosures and although I expect we are at the bottom of the market - in an "L" shape - the bottom will most probably be long.
For current inventory visit www.LasVegasForeclosureWorld.com and check "status". It will be enlightening to see all the inventory in Pending and Contingent!
Will - Thanks for the featured post.
HAPPY SELLING EVERYONE!