Las Vegas Homes, Condos, Land and Commercial Real Estate Blog

For previous articles about Signature at MGM Grand Residence condos for sale click the links below. MGM Grand Residences are high rise hotel-condominium towers in Las Vegas.

MGM Grand Signature condos for sale in Las Vegas, MLS pricing VS foreclosure auction pricing part one

Signature at MGM Grand condos, invest in the Las Vegas high rise condominiums, part last

I have discussed MLS pricing in Las Vegas for one bedroom condos at MGM Grand, here is the blog post about studios or junior suites. MGM Grand studios sleep four people, but in one room and the kitchens are much smaller than in the one bedroom suites.

MGM Grand Signature studio condos pricing

Studio condominiums at MGM Grand have been selling through Las Vegas MLS for $130,000-$201,000. Again, higher floor units with the Las Vegas Boulevard views sell for more than lower floor condominiums. However, whoever paid $210,000 for the penthouse unit has overpaid about $30,000, the asking price for this condo was $137,000. Lower mountain view condominiums sell for $130,000-$150,000 and the Strip view condos sell for $150,000-$201,000.

Similar condos in the foreclosure auction have sold for about $20,000-$35,000 less than MLS prices. There will not be much of a saving for lower floor mountain view condos but a 32^nd floor Strip view condo has sold for $145,000 in the foreclosure auction while a 33^rd floor condo sold for $175,000 and another on the 36^th floor for $201,000.

How a Las Vegas real estate investor wants to buy a MGM Grand Residence condo depends on their preference as there are all the good things about a MLS transaction like escrow and title insurance and inspecting the property before one closes escrow, but real savings can be gained through buying these condos through Trustee sale auction (Foreclosure auction) in Las Vegas.

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