I just went to a great sales meeting where our CEO Mark Stark spoke to the entire office about our market and what to expect for buyers purchasing right now. That meeting got me to thinking about current market activity in certain communities I’ve blogged about so I decided to provide my readers and clients with data showing what’s moving. The first one I want to discuss is Signature at MGM Grand <—–Click Here for more info on this condo hotel project by Turnberry and MGM.

MGM Signature Las VegasThere are currently 12 condos in contract in Signature MGM Grand out of the 163 that are currently on the market. I was a little surprised to see that 5 of those units where Short Sales (where the seller owes more than what the unit is worth and they have to negotiate with the lender to take a loss). Click on the picture to the left to see which units are selling.

There have been 11 sales in Signature since Jan. 1st 2008. The huge price discrepancy comes from two units being wrapped into one purchase agreement. If you’d like to see which units actually closed as of April 9th for 2008, click on the picture to the right.

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