There is a new short sale at the Cosmopolitan (9th & Virginia – Denny Triangle).
Unit #2710, bought for $552,450 in 2007 is now listed at $325,000 (talk about a market correction!) So how does this unit compare to recent sales in the building? I’ve put together a list of 1 bedroom sales in the last 6 months. It is important when analyzing views, condition of the unit and other intangibles that you also look at the cost per square foot – this particular unit would be the second lowest price per square out of all the 1 bedroom units sold thus far.
By the way, this just hit the market yesterday. It won’t last through the weekend – trust me.