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Bargain Basement Prices Bring in Buyers?

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  • Description

    Trump Las Vegas vice president of sales Matt Brimhall on the real-estate market in Nevada.

  • Duration 1:48
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Much -- Nevada holds the nation's highest unemployment rate and highest number of quarterly foreclosures.

Closures.

Since 2007 it's still considered a swing state Adam Shapiro is in Las Vegas.

With some prominent business leaders there on economic recovery in this battleground state and -- you hearing out of.

Well bargain basement prices seem to bring in buyers joining us to discuss this is the vice president of sales -- trump the Condo hotel that -- -- joins us and what do you see and we we we talked earlier about prices -- -- roughly 50% of what they were at peak.

So who's mine because they have -- well as a huge demand and -- seeing -- 1516 sells a month but.

Many of the buyers are coming from international destinations.

Why would when we were talking earlier you mentioned Asian buyers are very interest in Las Vegas I would think they would -- be purchasing in Macau as opposed Los Vegas -- they command.

They love Las Vegas -- love the brand trumpet and they loved.

Fact that they can buy such acquired product at a discount.

One of the things that's propelling sales we've had a previous interview in which there's no new construction going -- but there's a great deal of renovation roughly.

A billion dollars right now of renovation in construction taking place is that one of the things that's propelling sales -- -- -- No I think trumpet the name Brandon and and being part of that family and quite a brand really is what's propelling those buyers they feel safe but there -- buying there.

And the fact that Las Vegas itself is on record to set a new visitors.

Number 42 million is that helping with -- -- that definitely helps and there's nothing like get the trump name brand to give people you know a good feeling -- -- the ultimate status symbol for them.

-- -- -- thank you very much for joining us from trump.

Good throwback -- of course trump no stranger in New York but out here in Las Vegas but if you got one point five million gets a lot more than at the peak which would have been three million dollars.

Back to you know.

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