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Las Vegas Trump International Hotel cuts condo prices to compete with City Center

June 10th, 2010 · 2 Comments · Invest in Las Vegas real estate, Las Vegas high-rise condos

Trump Hotel Condos on Sale for 60%-70% off original prices

About 280-290 of 1228 of luxury hotel condos at Trump international, Las Vegas have been sold so far and even though Las Vegas high rise condo for sale market has shown some sign of improvement in sales by 7 percentage points in the third quarter, Trump Hotel condo tower has had little activity last quarter.

 So far Trump Towers was competing with resale Signature at MGM Grand Residence condos and Palm Place, addition of CityCenter Hotel Condos has put additional pressure on Trump’s pricing. Las Vegas MLS pricing for resale Trump International condos were tens of thousands of dollars cheaper than the builder’s pricing and this contributed to slow sales activity.

Trump International Hotel Condo Tower

Trump International Hotel Condo Tower is located by Fashion Show Mall on the Las Vegas Strip

Well, Trump reacted by cutting prices and doing a condo sale.

Price cuts at Trump International Hotel in Las Vegas

Condo type View Original Price Current Price Sales Price for Trump International Hotel Condos
Studio South Strip $695,250 $210,781 $197,999
Studio North Strip $590,000 $193,962 $183,000
Studio North Strip $635,000 $216,975 $204,825
Studio South Strip $695,000 $299,675 $281,233
Studio East Las Vegas $780,000 $292,587 $276,200
One Bed-side North $755,000 $301,600 $285,000
One Bed-side South $1,090,000 $396,000 $372,000
One Bed-corner North Strip $855,000 $417,775 $395,000
One Bed-side North Strip $885,000 $464,000 $439,000
         

While original pricings belonged to a mirage economy which did not exist, current pricing and especially sales prices should help Trump Hotel in Las Vegas sell a few more condominiums.

Las Vegas Trump International Hotel Condo Tower Lobby

Trump International Hotel Condo Tower Lobby in Las Vegas, Trump condos are for sale at 60%-70% off original prices

I am revamping the web-site Las Vegas homes, condos, land and commercial real estate and the blog posts which I am doing lately are designed to be incorporated in the web-site. This blog post will be included in a series of blog posts that I am going to do about Trump Tower condos for sale in Las Vegas.

By the way, in the web-site page for Las Vegas high rise condos, I have put a big “Don’t Buy” for hotel condos, NO LONGER and the reason is evident, look at the original pricing, I knew today will come and believe that these luxury hotel condos are a good buy if you know what you are doing.

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