Quote:
Originally Posted by RazzMan
Does anyone know why none of these major condo's can sell out their Penthouse units? It seems like Turnberry, Panorama, Sky, Cosmo, and Trump is having a hard time selling any of these large PH units over $3M.
You would think some famous people or corporations would buy these since the supply is only a handful. Once they are gone, that's it...but no one wants them.......
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All the 3 story Sky Suites are sold out am I not correct?
Look at how quick the multi million dollar penthouses at the
Mandarin Oriental at MGM CityCenter sold out.
It is normal for multi million dollar units in any city and even in fantastic market conditions to take years to sell. These sales are not as affected by a slower market due to fact most luxury buyers are less concerned with rates and market conditions.
I think Vegas is doing well on the higher end units, a matter of fact there were multiple news stories recently on this very fact and numbers to prove that our luxury market is fairing better then median home market.