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

Why do Las Vegas high rise condo builders list their condos in the Las Vegas MLS? Because they want to get offers on their unsold inventory of luxury condominiums.

The majority of Las Vegas high rise condominium buyers who want to buy a new luxury condo, go straight to the builder’s sales staff and try to buy the condo themselves. It is not the job of the builder’s sales staff to advise the buyer that they can make a lower offer on their desired condo. Thus, either the buyer will pass on the new condominium or pay full asking price.

City Center or CityCenter has listed three luxury condos at Mandarin Oriental in Las Vegas MLS

Let us take a look at the three high rise luxury condos at the Residence at Mandarin Oriental that are currently listed in the Las Vegas MLS. All three are one bedroom, two bath condos and the square footage is 1062sf and 1097sf. The condos that are listed in the MLS are located on the 34^th floor and asking price is $1062/SF, 26^th floor, asking price is $974/SF and the last condo is on the 25^th floor and priced at $902/SF.

Even though the cheapest price per square foot for Mandarin Oriental that is listed in Salestraq, which is the Las Vegas new home and condominiums MLS, is $924 per square foot, the least expensive asking price for these three condominiums that are listed in the MLS is $902 and a good Las Vegas Realtor would not make a full price offer on an MLS listing for a high rise condo since Las Vegas high rise condo market is a buyer’s market.

Allure and Panorama tower three have listed their new condos on the MLS also.

Now, how many of City Center or other Las Vegas high rise condo buyers are aware of the fact that it is possible to make lower offers on the new high rise condos in Las Vegas? Not many.

Related blog posts about Residence at Mandarin Oriental CityCenter:

Mandarin Oriental Hotel Residence condos for sale at Las Vegas City Center, Las Vegas

Residence at Mandarin Oriental Hotel condominiums for sale at Las Vegas City Center

History of price cuts at Residences at Mandarin Oriental, City Center Las Vegas