SEATTLE, Oct. 15, 2020 /PRNewswire/ — (NASDAQ: RDFN) —The typical “Trump” branded condo sold for a median of $720,000 this year—9.7% more than a comparable luxury condo, according to an analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s down from a 22% price premium Trump-branded condos fetched in 2019, and a 33.5% premium in 2016, when Donald Trump was elected president. The price premium of Trump-branded condos has declined every year that Trump has been in office.
The Redfin analysis focused on Trump-branded and comparable luxury condos in 10 U.S. cities, with the exception of New York City, where multiple listing service data on sales of Trump properties was incomplete. The research compared the properties by sale price, price per square foot and time spent on market, with results controlled for features such as location, size, views and number of bedrooms and bathrooms. The