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The Suite Blog >> MGM Casino Condo Sales Still Hot in Vegas

 

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These days, with the advent of the internet, collecting news can be such a quick and easy task. However, does that necessarily mean the news is going to be accurate? Well, I personally would like to hope so, especially considering that I like to write about the state of affairs in the casino gambling industry. So, when I came across a news article published in the Las Vegas Gaming Wire that said condo sales were up in Las Vegas, I squinted my eyes a little, raised my chin, and silently asked myself, "How's that possible".

If you're up to date on the status of the housing market in the U.S., you will know it has drastically fallen this last year. And things really don't appear like they are going to get much better either. At least for now. So then, how is it that approximately 50% of MGM Mirage's Project City Center luxury condos have sold out in a year's time? Well, according to analysts, the reason is because we're not talking about the regular residential housing market here. Oh yes, that's right. We're talking about the high-end residential market.

Chalk another one up for class distinctions I suppose. So, while the greatest amount of foreclosures plagues the U.S. currently, the high-rise condos on the Vegas Strip continue to sell like hotcakes. Things that make you go hmmm? Well, I certainly support the success of MGM's Project City Center. I stayed at the newest lot of condos at MGM recently, and have to say that I was highly impressed. Although it's a little bit of a trek to the casino, the people movers and some good conversation with fellow casino compatriots makes it tolerable. As for the amenities and service, it's top class.

So now we turn our attention to the Harmon Project - MGM's last condominium units to hit the market. Oh, and did I mention they are also the most prized of the bunch. They say location is everything. And considering these one and two bedroom condos are the closer to the Strip than all the other Project City Center properties, there's a good chance they will also continue to sell like hotcakes. If you are interested, they are selling between $1,500 and $2,600 per square foot. Maybe I should first tell you about a good progressive jackpot. Seriously, I'm not joking. Give Golden Palace a shot.

Originally published: January, 2008 | Categories: Gambling

 

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