You know, it's hard to feel sorry for anyone who invested in this charlatan's buildings, but still:
Two signs of a slowdown in Trump's signature building have emerged: a decline in sales of condos and a stack of unsold listings that is bigger than in competitive buildings.
At year-end, sales in the building were down from 2015, according to Gail Lissner, vice president of Appraisal Research Counselors, which tracks the downtown real estate market. There were 34 sales in the building in 2016, a drop of almost 40 percent from 2015's 56 sales, according to Lissner.
That's compared to an 11.3 percent increase in sales of all condos priced $650,000 and up, from 1,451 sales in 2015 to 1,616 sales in 2016, according to Midwest Real Estate Data. (Though many condos at Trump are priced in the multimillion-dollar range, the prices on currently listed condos start in the mid-$600,000s.)
The Trump building has the highest percentage of units on the resale market within a group of 10 downtown condo buildings all completed within several years of one another, according to a Crain's analysis.
Investors are out millions, and it seems directly attributable to Trump being Trump. Pity.