Not so Happy New Year at the Las Vegas Cay Club!
It’s once again time to post the current inventory at the Las Vegas Cay Club.
This news will make some of you cry!
If you are an owner, things are taking a turn for the worse when it comes to price. Like I have mentioned before, as more and more units start to go back to the bank the prices are sure to fall. This week there are 2 & 3 bedroom bank owned units on the market for more than $300,000 less than the last units sold by the Cay Club! OUCH!
I’ve heard that the time to buy is when the blood runs in the streets, it’s looking a bit like that time!
I’m trying to not be a doomsday-er but how are owners going to handle a $300,000 loss? The banks are going to own this whole place by this time next year!
Still nothing sold on the resale market!
It’s going to be an interesting year!
