Las Vegas High Rise News - October 2022

Las Vegas High Rise Condo buyers have slightly fewer options this month than last. Today, we have 373 condos in our top buildings listed for sale without offers. Last month it was 398. In November 2021, we had 281 condos available.

We sold 50 high-rise condos in our top buildings in October. That’s an improvement over the 40 that sold in September, but that’s still a significant drop from the 82 condos we sold in October 2021. Most of the condos that sold in October closed below the list price, with only a couple closing above the list price and about 10 closing at the list price.

Over half of the condos that sold were purchased with cash. Two were 1031 exchanges. The remainder sold with conventional mortgages and two VA mortgages. One was an “Owner Will Carry,” and another was a “Contract of Sale.”

Top Sellers in October: Signature at MGM Grand has held first place for most of the past year. October saw them bumped.

The first place was Palms Place, with 9 condos that sold. Second place was a tie between Trump and Veer Towers, with 8 units selling in each community.  

Third place was Signature at MGM, with only 6 condos that sold.

High Rise Price Trends: We sold 7 luxury high-rise condos for $1M plus. The top price paid was Waldorf Astoria Penthouse 4607. Listed for $3.6M, it sold for $3.6M after only 6 days on the market.

The second highest price was Turnberry Place Tower 1, #3502. It was listed for $2.595 and sold for $2.35M after 70 days on the market.

Third place was Panorama Towers Tower 2 #1503. Listed for $2M and sold for $1.75M after 11 days on the market.

Lowest SOLD Prices: The lowest price was at Juhl with unit 317. Listed for $244,900, it closed for $217K after 51 days on the market. Two condos at Trump followed it. #4423 was listed for $239,888 and sold for $219K after 67 days on the market. Trump #1620 was listed for $219K and sold for $220K after 27 days on the market. Unit 1620 was one of the few condos sold for slightly above the list price last month.

Top Prices Per Square Foot: Waldorf Astoria again rocked the top prices. Unit 4607 sold for $1661/sf. Unit 3901 closed for $1153/sf. Veer Towers (also in CityCenter), unit 2904, closed at $984/sf.

Lowest Prices Per Square Foot - Allure #1804 came in at $302/sf. Turnberry Place Tower 2 #1803 closed for $319/sf. ONE Las Vegas #1807 closed for $324/sf. For the first time, the three lowest prices per square foot all topped $300.

SOLD in October 2022:

Las Vegas High Rise News - September 2022

The number of high-rise condos for sale in Las Vegas edged up slightly over the prior month.  In last month's update, we had 382 condos for sale in our top buildings.  Today, we have 398 luxury condos available.  A year ago, there were only 303 condos for sale in the same buildings.

We only sold 40 high-rise condos in our top buildings in September.  That's slightly more than half of the 70 condos sold in August.  It's half of the 80 sold in the same towers in the same month of 2021.

Of the 40 condos sold in September, 31 closed for less than the list price, sometimes slightly less and sometimes tens of thousands less.  Only 8 of the 40 condos sold for their exact list price.  Turnberry Towers #3908 was listed for $899,900 and closed slightly higher at $900K after 57 days on the market.  It was the only condos sold above list price.

Over half of the condos sold, 21 to be exact, were purchased with cash.  14 of the condos sold with conventional financing.  There were 4 owner will carry purchases, all at Signature.  There was one 1031 exchange.

Top Sellers in September:  Signature at MGM Grand holds onto first place with 11 condos changing hands.  Allure was second place with 5 closings.  Trump was third place with 4 closings.

High Rise Price Trends:  We sold 6 luxury condos for more than $1M in September.  The top price paid was Waldorf Astoria #3208.  Listed for $3.5M, it sold for $3.2M after 91 days on the market.

The second highest price was Waldorf Astoria #2803.  Listed for $2.1M, it closed for $1.95M after 121 days on the market.

The third highest was also at Waldorf Astoria.  Unit 2603 was listed at $2,090,000 and sold for $1,925,000 after 79 days on the market.

Lowest Prices SOLD:  Trump took first and second place with unit 2820, which closed for $228K after 161 days on the market.  It was trailed by 3304 which closed at $255K after 78 days on the market.  Signature at MGM Tower 1 #403 was third.  Listed at $265,888, it closed for $260K after 24 days on the market.

Top Price Per Square Foot:  All three top price-per-square-foot condos sold were at Waldorf Astoria.  Unit 2803 closed at $1180/sf.  Unit 2603 closed at $1165/sf. Unit 3208  closed at $1100/sf.

Lowest Price Per Square Foot - ONE Las Vegas #612 sold for $2460/sf.  Allure #708 closed for $260/sf.  Also, at Allure, #3101 closed at $280/sf.

Las Vegas High Rise News - August 2022

Inventory in the Las Vegas High Rise market stayed stable last month. We had 386 condos for sale in our top high-rise buildings in early August. Today, we have 382 condos in those same buildings. It’s more than a 30% jump over the number of condos we had for sale last year.

We only sold 70 high-rise condos in our top buildings in August. That’s almost a 30% drop from the 106 condos we sold in the same towers in August 2022. It’s up slightly from the 65 that sold in July.

Out of the condos sold last month, 50 of the 70 closed for less than the list price. 17 closed at the exact list price, although this includes 3 developer units sold at Juhl. The developer units typically offer incentives like pre-paying the HOA rather than discounting their prices. Three of the condos sold above the list price. The penthouse at Waldorf Astoria #4107 was listed for $3.495M and sold for $3.935M with only 7 days on the market. Compare that to The Martin #4307, which was listed for $4.9M. It sold for $4.22M after 125 days on the market.

Rising Interest rates are credited for much of the slowdown in the housing market. 54% of the condos sold last month in the high-rise sector were purchased with cash—37% sold with a conventional mortgage. Buyers used various loans, including 3 that were “Owner Will Carry.” 2 sold as part of 1031 exchanges. 2 sold with VA mortgages, and a couple used private financing.

Top Sellers in August: Signature at MGM Grand reclaimed the number 1 spot for this category with 20 condos changing hands. It had tied with Juhl last month with 11 condos in each building changing hands. 

The second place was a three-way tie. Turnberry Towers, Juhl, and Trump had 6 closings each. Third place was Panorama Towers, with 5 condos that sold.

High Rise Price Trends: We sold 5 luxury condos for more than $1M in August, with 3 closing for more than $3M. The top price paid was The Martin #4307. Listed for $4.9M, it sold for $4.22M after 125 days on the market.  

The second highest was Waldorf Astoria #4701. This penthouse is on the coveted top floor of Waldorf Astoria. Penthouses start on the 40th floor. We seldom see condos on the top (47th) floor come on the market. This condo was listed for $3.495M and sold for $3.935M in 7 days.

The third highest was Turnberry Place Tower 4, #3302. Listed for $3.35M, it sold for $3M after 24 days on the market.

Lowest Closing Price: Trump #3416 was listed for $229K and closed for $215K after 81 days on the market. Signature at MGM, Tower 1 #518, was listed for $265K and sold for $255K after 78 days on the market. Trump 32504 was listed for $280K and sold for $260K after 314 days on the market.

Top Price Per Square Foot: The top prices were paid at Waldorf Astoria and Vdara. All three towers are located within the desirable CityCenter complex. Waldorf Astoria #4701 closed at $1,850.09/sf. Vdara 50014 closed at $1,347.07/sf. Waldorf Astoria #3107 closed at $1,200.25/sf.

Lowest Price Per Square Foot: Allure #201 was the lowest at $231.57/sf. Panorama Towers, Tower 2 #302, was the second lowest at $277.23/sf. Metropolis #1202 was third at $284.85/sf.

Las Vegas High Rise News - July 2022

The Las Vegas High Rise Market sees inventory edging up a bit. This month, we have 386 condos for sale in our top high-rise buildings. That slightly increased from 364 last month and 333 the month before. It jumps from the 291 luxury condos we had available last year.

We sold 65 condos in our top buildings in July. That’s a drop from 75 in June and a significant drop from 114 that we sold in July 2021.

The market continues to show signs of “softening." Of the 65 luxury condos sold in July, 49 closed below list price. Some only a few thousand below, others much more. Twelve closed for the list price. That includes 5 that sold at Juhl that were previously unsold. The on-site sales office doesn’t negotiate the price. They prefer to offer incentives like pre-paying HOA fees for some time. Four of the condos that sold closed a little above their list price.

Top Sellers in July: For 11 straight months, Signature at MGM held the top spot until last month when they tied with Juhl with 11 condos changing hands in both buildings. In July, Signature at MGM slid into second place with 10 condos trading hands. Palms Place took the top spot, with 11 condos sold in July. Third place was a tie between Panorama Towers and Allure, with 8 units sold in each property.

High-Rise Price Trends: We sold 6 luxury condos for more than $1M. Four of those closed for more than $2M. The top price paid was ONE Queensridge Place Tower 2, Unit 601. Listed for $3.1M, it sold for $3.1M with only 3 days on the market. Second Place was Park Towers #804. It was listed for $2.95M and sold for $2.6M after 126 days on the market.

Third place was ONE Queensridge Place Tower 2, #302. Listed for $2.55M, it sold for $2.412M after 92 days on the market. Waldorf Astoria #3806 made the final 4. Listed at $2.575M, it sold for $2.2M with only 17 days on the market.

Lowest Closing Prices: Trump #4119 was listed for $249K and sold for $235K was the lowest price. Juhl 808 was listed for $255K and closed for $253K. This one was a resale, not from the on-site sales office. Trump #2901 was listed for $275K and closed for $258K for the third lowest price in July.

Top Price Per Square Foot: Waldorf Astoria took first place with unit 3806 closing at $1313/sf. Vdara, also in CityCenter, was second at $782/sf. Signature at MGM Tower 1, #2917, was third place at $671/sf.

Lowest Price Per Square Foot: Lowest price per SF was Metropolis Unit 1504, which closed at $273/sf. The second lowest was Allure #2409 at $275/sf. The third was also at Allure, with #1802 closing at $293/sf., followed by Allure #1406 at $300/sf.

Las Vegas High Rise News - June 2022

The Las Vegas High Rise Market, like the rest of the market, is seeing more inventory available for buyers. Today we have 364 high-rise condos for sale in the top buildings we follow on this blog. That's up from 333 last month, 302 the month before, and 254 the month before that. It's up from the 333 we had available last year.

We sold 75 luxury high-rise condos in June. That's a sizable drop from 108 we sold in June 2021 and down from 82 condos sold in May of this year.

Prices continue to improve over the bottom of the market, but we're beginning to see some softening. Out of the 75 high-rise condos sold in June, 45 sold below the list price. Some were slightly below the list price, but several were substantially lower. Only 6 condos that changed hands last month sold above their list price. Only 24 of the 75 condos sold in June closed at their full list price.

Top Sellers in June: For the past 11 months, Signature at MGM held the top spot for the number of condos sold. In June, they tied with Juhl with 11 condos changing hands at both properties. The 11 condos sold at Juhl for their list price, but they were sold by the on-site sales office and might have had incentives.

Turnberry Place was in the second position, with 9 condos selling in their four towers. Panorama Towers was third, with 8 condos changing hands in those two towers.

High-Rise Price Trends: We sold 6 high-rise residences for more than $1M last month, down from 10 in May. Waldorf Astoria took the top two spots. Residence 4307 was listed at $3.499M and sold for $3.25M after 83 days on the market. Residence 3309 at Waldorf was listed for $2.795M and sold for $2.7M after 50 days on the market.

ONE Queensridge Place Tower 2 took third place. Unit 102 was listed for $2.58M and sold for $2.5M with only 2 days on the market.

Lowest Closing Prices: Trump took the two lowest price spots. Studio unit 2915 was listed for $2339,888 and sold for $222K after 83 days on the market. Studio unit 2024 was listed at $233,800 and sold for $229,500 after 133 days on the market. Palms Place Studio 1509 was listed for $269,900 and sold for the full list price of $269,900 with 49 days on the market.

Top Prices per Square Foot: All three of the highest prices per square foot in June were at CityCenter. The top two were at Waldorf Astoria. Penthouse 4307 closed at $1500/sf. Residence 3309 closed at $1289/sf. Across the driveway, Veer Towers West #3109 fetched $1030/sf.

Lowest Price per Square Foot: I've been tracking these stats on our high-rise market for several years. June was the first time we've had a month where only one condo sold for less than $300/sf. The lowest price per sf in June was ONE Las Vegas #417. It sold for $263/sf.

The second-lowest price per square foot was Panorama Towers #2, Unit 406. It closed at $307/sf. The third lowest was Turnberry Place Tower 4 #1103 at $317/sf.

Las Vegas High Rise News - May 2022

Las Vegas High Rise buyers see prices appreciate, but the number of condos for sale is also edging up. This month we have 333 condos for sale in the top high-rise buildings. That’s up from 302 last month and 254 the month before. It was lower than the 367 available at the same time in 2021..

We sold 88 condos in our top buildings in May. That’s a drop from 121 in April and 119 in March. But a few more than the 82 sold in May 2021. We continue to see at least a third of the high-rise condos selling for list price, with a ten percent selling for more than the list and about half selling below the list price.

Top Sellers in May: For the 11th month in a row, Signature at MGM was the top seller. In May, 14 condos changed hands in those three towers. Trump was second with 12 condos sold.

Third place was a 3-way tie between Juhl, The Ogden, and Turnberry Place, each recording seven closings.

High-Rise Price Trends: We sold 10 high-rise condos for $1M+ last month.  Top Price was Turnberry Place. Penthouse 3801 in Tower 3 was listed for $9.8M and sold for $6.5M. Second highesst was Waldorf Astoria #3704.  Listed for $3.45M it sold for $3.275M.  Third place was Trump Penthouse 6303.  It was listed for $2.6M and sold for $2.61M.

Lowest Closing Prices: All three of the lowest prices were studio units at Trump. #1823 was listed at $229,800 and sold for $227K. #1712 was listed for $229,888 and sold for $229,888. #3116 was listed for $239888 and sold for $230K.

Allure was close to the third place. Allure 32809 was listed for $250K and sold for $232K with only 7 days on the market. Those sellers must have been motivated.

Top Prices per square foot: Waldorf Astoria #3704 was highest at $1278/sf. It was followed by Vdara #53020 at $1109/sf. Turnberry Place #3807 was $792/sf, followed by Trump Penthouse 6303 at $781/s.f.

Lowest Prices Per Square Foot: Panorama Towers Building 2 #301 was the bargain in May at $224/sf. ONE Las Vegas #101 closed at $259/sf. Turnberry Place Tower 3 #206 closed at $263/sf.

Las Vegas High Rise News - April 2022

 

Buyers looking to purchase a high-rise condo see more inventory available today than last month. We currently have 302 high-rise condos in our top buildings. That’s up from 254 last month and 251 the month before. It’s a drop from 410 available at this time last year.

In April, 121 condos were sold in the same buildings, a slight increase over 119 in March. It’s slightly better than the 111 we sold in April 2021.

Out of the 121 sold in April, 36% sold for the exact list price. 14% sold for more than the list price. Some of these were just barely over the list.  Allure #3105 closed for $232 above the $390K list price. 

Over half, 56%, sold for less than the list price. The ones that sold for less were usually still reasonably close to the list price. Only a few sold for more than $10K below the list price.

Top Sellers in April: For the 10th month in a row, Signature at MGM was the top seller, with 18 condos in those three towers changing hands. Veer Towers was second, with 14 condos changing hands in those two towers. The third place was Juhl, with 13 condos changing hands. 

High Rise Price Trends: We sold 14 high-rise condos for $1M+ in April. Four of those sold for more than $2M. The top price was Waldorf Astoria #3405, which closed for $4.35M after 202 days on the market. It was listed for $4.795M when it went into the contract but was originally listed for $4.995M.

The second-highest price was also Waldorf Astoria. Unit 2908 was listed for $3.85M and sold for $3.675M after 210 days on the market. The third highest price was ONE Queensridge Place Tower 2 #605. Listed for $2.275M, it sold for $2.275M after 171 days on the market.

Lowest Closing Prices; Trump #2702 was the lowest price. The studio was listed for $239,500 and sold for $239,500 after 6 days on the market.

Allure #2009 was second. It was listed for $236K but sold for $241K after 7 days on the market. Trump had the third-lowest price with #2127. The studio was listed for $249,988 and sold for $245K after 12 days on the market.

Highest price per square foot: All three of the top prices per square foot were at Waldorf Astoria. The top price was #3405 at $1451/sf. It was followed by #2908 at $1263/sf. The third-highest price per square foot was #3207 at $1147. Waldorf Astoria has established itself as the tower that commands the highest prices per square foot.

Lowest Prices Per Square Foot: Allure saw the lowest price per square foot with #805 at $243/sf, followed by #1004 at $272/sf. The third-lowest price per sf was ONE Las Vegas #1517 at $279/sf.

Las Vegas High Rise News - March 2022

Ready to buy your home in the sky above the Las Vegas Strip? Today we find 254 options in our top high-rise buildings—slightly more than 251 last month but a drop from 425 options this time last year.

In March, we sold 119 condos in our top buildings. That’s up from 85 last month, 73 in January. It’s a nice jump from the 95 condos sold in March 2021.

Top Sellers in March: Signature at MGM took the lead for the 9th month when they’ve held number one spots. This time with 16 units sold in the three MGM Signature Towers.

Second place is a tie between Juhl and Palms Place, with 11 units closing in each community.

The third place was Turnberry Place, with 10 condos sold.

High Rise Price Trends: We sold 3 high-rise condos priced at $1m+ in March. All three of the top sellers are at Waldorf Astoria. Penthouse 2402 was listed for $2.89M and sold for $2.75M. Penthouse 3109 was listed for $2.69M and sold for $2.6M. Residence 3607 was listed for $1.85M and sold for $1.85M with zero days on the market.

Lowest Closing Prices: Palms Place #24319 takes first place. It was listed for $205K; it sold for $215K after only 5 days on the market. Second place was Trump #38014. Listed for $249,900, it sold for $239,899 after 42 days on the market. Third place was Juhl #371. It was listed for $230K it sold for $240K after 8 days on the market.

Highest price per square foot: two of the top three prices/square foot were at Waldorf Astoria; however, a unit at Trump topped Waldorf. Trump 4308 closed for $1639/sf. Waldorf 3109 sold for $1242/sf. Waldorf 3607 closed at $1169/sf.

Lowest Prices Per Square Foot: All three of the lowest prices per square foot were at Allure. #201 came in at $218/sf. #905 fetched $272/sf. #2503 was only $280/sf.

Las Vegas High Rise News - February 2022

Are you looking to buy a high-rise condo in Las Vegas? Today you have 251 options available in our top buildings. That’s slightly less than 264 last month but a significant drop from 474 condos for sale this time last year.

In February, we sold 85 condos in those same towers, up from 73 in January. It’s slightly improved over the next 78 we sold in February 2021.

Top Sellers in February: Signature at MGM has held on to the title of most units sold for the 8th month. Closing prices ranged from $270K for an 11th-floor studio to $$629K. The $629K price was for a combo of a 1-bedroom and the adjacent studio (1394 sf) on the 22nd floor. A total of 14 condos changed hands in these three towers in February.

The second most active in sales volume was Juhl, with 13 closings. Prices ranged from $249,900 for a 687 sf 1-bedroom on the 2nd floor to $1.125M for a 2088 sf penthouse on the 14th floor.

The third most active was a tie. Palms Place and Veer Towers each sold 9 condos in February. Prices at Palms ranged from $230K for a 16th-floor studio to $260K for a 25th floor 1-bedroom. Prices at Veer Towers rated from $506K for an 825 sf 1-bedroom on the 16th floor to $1.225M for a 1454 sf 2-bedroom condo on the 30th floor.

Trump only trailed slightly behind with 8 condos sold. Prices ranged from $234K for a studio on the 16th floor to $475K for a 1-bedroom with 910 sf on the 43rd floor.

High Rise Price Trends: We sold 7 high-rise condos priced at $1M+. The highest price was Turnberry Place Tower 3, #3101, which was listed for $4.499M and closed for $4.395M. The second-highest price was Waldorf Astoria #2407. Listed for $2.395M, it sold for $2,25M. The third highest price was Panorama Towers Bldg 2, #2407. Listed for $1.39M, it sold for $1.31M.

Lowest Prices in February - Lowest price was Palms Place #1619, which was listed for $229K and sold for $230K. Trump came in second and third. Unit 1604 was listed for $244,900 and sold for $234K. Trump #3217 was listed for $249,888 and sold for $235K.

In February, highest Price Per Square Foot: The top 3 were all in the CityCenter complex. Vdara #38026 sold for $1117.27/sf. Vdara is a condotel and all units are sold furnished. Waldorf Astoria took the second and third spots. Waldorf #2407 closed at $1074.50/sf and #3510 closed at $995.48/sf.

In February, the lowest price per Square Foot: Metropolis #1704 closed at $260.57/sf. The second-lowest was ONE Las Vegas #1508 at $263.16/sf. The third lowest was SOHO Lofts #801 at $281.71/sf.

Las Vegas High Rise News - January 2022

Las Vegas High Rise buyers have a slight uptick in available inventory as of today. We currently have 264 condos for sale in our top buildings, compared to last month when we only had 237. Of course, that’s lower than when we did our update in December, and there were 303. This time in 2021, we had 551 condos available in our top high-rise buildings.

 73 high-rise condos SOLD in those buildings in January. That’s down from 89 in December but up from 51 condos sold in January 2021. It is a drop from the last couple of months, but it’s typical early year. Things start picking up in the high-rise market with Super Bowl weekend and conventions after the holidays.

Top Sellers in January: Signature at MGM held the top spot for the 7th month with 9 condos sold. That’s a dip for this community from the 18 they had last month, but typical for the season. Juhl tied MGM with 9 condos sold in that building for the month. 

Second place was Panorama Towers, with 8 condos sold. Trump was in 3rd place with 7 closings.  

High Rise Price Trends: We sold 8 high-rise condos for more than $1M in January. Two of those were priced over $2M. All three of the top prices were at Waldorf Astoria #2605 was listed for $4.5M and closed for $4.1M after 52 days on the market.

Waldorf Astoria #3309 was listed for $2.7M and closed for $2.35M with only 2 days on the market. Waldorf Astoria 2707 was listed for $1.8M and closed for $1.75M after 151 days on the market. 

Lowest Prices in January - Lowest price was Juhl #215. Listed for $225K, it sold for $225K after 117 days on the market. The second was Palms Place #908. Listed for $250K, it sold for $238K after 26 days on the market. The third lowest price was Trump 3709. It was listed for $254,500, the studio condo sold for $250K after 70 days on the market.

Highest Prices Per Square Foot in January: All three of the highest square foot prices were at Waldorf Astoria. Condo 2605 with awesome North Strip views closed at $1368/sf. Residence 3309 closed at $1122/sf. Residence 2606 coxed at $1106/sf. Waldorf Astoria is, without question, the luxury high-rise that commands the highest price per square foot in town.

Lowest Prices Per Square Foot: First two spots were at ONE Las Vegas, where #504 closed for $190/sf. It was followed by #121, which closed at $248/sf. The third place was SOHO Lofts #903, which closed for $251/sf.

Las Vegas High Rise News - December 2021

Are you dreaming of living in a condo above the Las Vegas Strip? We continue to see low inventory in our top buildings. Today, we have 237 condos on the market, the same as last month but lower than the 303 the month before. This time in 2021, we had 505 high-rise condos for sale.

We sold 89 condos in our top high-rise buildings in December. That was a drop from 103 in November but better than the 51 we sold in December 2020. Sales in December tend to be a little slow, especially in the high-rise market where most buyers are coming from out of State.

Top sellers in December: Signature at MGM had the highest sales volume, with 18 units sold.  That makes the six month they've held on to the first place. The second-highest number of closings was Panorama Towers, with 10 condos sold. The third place was ONE Las Vegas, with 9 closings. Trump & Palm’s Place tied for fourth place with 8 units sold in each building.

High Rise Price Trends: We only sold 4 condos for $1M+ in December. The top price paid was Turnberry Place Tower 3 Unit 3004. Listed for $2.25M, it sold for $1.92M with 31 days on the market.

The second was Veer Towers East #2701. Listed for $1,999,980, it sold for $1.9M with only 6 days on the market. The third higher was also Veer Towers East #year 1007. Listed for $1.595M, it sold for $1.515M. It was only the market for 399 days. It started at a much higher price, though. 

Lowest Prices in December: The two lowest prices were both at Trump. Unit 3701 sold for $205K, and unit 2224 sold for $222K. The third lowest was Palms Place, where unit 19305 sold for $227,500. All three of these bargain prices were studio units in condotel buildings that allow for short-term rentals.

Highest Price Per Square Foot: Again, the highest prices per square foot were in the two CityCenter high-rise buildings. Veer Towers East, #2701 closed at $907.79/sf. Waldorf Astoria #3211 closed at $877.03/sf. Veer Towers East #2308 closed at $816.83/sf.

Las Vegas High Rise News - November 2021

In the market for a high-rise condo on the Las Vegas Strip? It would be best if you bought sooner rather than later because the high-rise market seems to have caught on fire and prices are going up. Today we found 237 condos in our top high-rise buildings, a drop from 281 last month, 303 the month before, and 551 at this time last year.

We sold 103 condos in our top high-rise buildings in November. Up from 82 in October and 80 in September. It’s more than double the 41 we sold in November 2020.

Top sellers in November: Signature at MGM held onto the top position for the fifth month in a row, with 15 condos sold in November. An interesting little side fact - I remember the bottom of the market when you could pick up studios there for $150k or so and even one-bedroom condos in the $200s. There are only two condos listed at Signature for less than $300K today. They’re studios at $290K and $295K. A “Coming Soon Listing” unit 518 for $278K. I’m guessing that one will get multiple offers, which will drive up the price.

Second place was JUHL in Downtown Las Vegas, with 10 condos changing hands. Third place was a tie between Allure and Turnberry Towers, with 8 closings at each property.

High Rise price trends: We sold 12 luxury condos for $1M+. The top price paid was ONE Queensridge Place Tower 2, #1604. Listed for $5.250M, it sold for $5.250M with 92 days on the market. Waldorf Astoria took second place with unit 4201, which was listed for $3.39M and sold for $3M after 75 days on the market. The third place was back to ONE Queensridge Tower 1, #1202. Listed for $2.55M, it sold for $2.55M with only 5 days on the market.

Lowest Prices: Allure 2709 was listed for $210K and sold for $215K after 173 days on the market. The second-lowest was Palms Place #18305. It was listed for $216K it sold for $220K. The third lowest was Allure #209. Listed at $229,500 it sold for $223,900.

Highest Price Per Square Foot: All three were at Waldorf Astoria. Penthouse 4201 closed at $1411/sf. Unit 3004 closed at $985/sf. Unit 2609 loses at $955/sf. Waldorf Astoria has established itself as the building that can get the highest price per square foot out of all our high-rise buildings.

Lowest Price Per Square Foot: Allure retakes the prize for the lowest price per square foot. Unit 209 closed for $221/sf. SOHO Lofts came in second at $239/sf. The third place was back to Allure and unit 505, which closed for $245/sf.

Las Vegas High Rise News - October 2021

Ready to buy a high-rise condo in Las Vegas? Options in this market are on the decline. We have 281 condos in our top buildings listed for sale. That’s down from 303 last month, 295 the month before and 291 the month before that. It’s a big drop from the 592 that were available this time last year.

In October, we sold 82 condos in the top buildings, up from 80 in September but pretty steady. It’s a nice improvement over the 43 we sold in October 2020. The high-rise market has edged into favoring sellers. The number of condos available would only last 3.4 months if no new condos came on the market, and less than six months’ supply is considered a seller’s market.

Top Sellers in October: Signature at MGM held on to this title for the fourth month in a row, with 17 condos changing hands in October. Allure was second, with 9 closings in October, and Veer Towers took third place with 7 units sold in October.

Four buildings tied for fourth place with 6 closings in each. Juhl, ONE Las Vegas, Turnberry Place, and Turnberry Towers all tied for 4th place.

High-Rise Price Trends: We sold 8 luxury condos for $1M+ in October, up from 7 in September. 3 of them closed above $2M. The highest price was Waldorf Astoria #3108. This 2910 sf residence was listed for $3.995M and sold for $3.8M after 215 days on the market. The 08 stack has North Strip views, and this plan featured 2 separate bedrooms with baths en suite.

Waldorf Astoria #2508 was listed for $3.95M and sold for $3.75M after 132 days on the market. This was the same 2910 sf plan as #3108 with North Strip views.

ONE Queensridge Place #410 was third. It was listed for $2.649M and sold for $2.46M after 127 days on the market. This residence offered 4 bedrooms, 6 baths, in 4827 sf.

Lowest prices: Palms Place #25303 was listed for $210K and sold for $213K with only 9 days on the market. It was a studio with 615 sf. The second-lowest was Juhl #253. Listed for $219,900, it sold for full list price with 16 days on the market. It was a 587 sf studio. Third place was Trump #2814. Listed for $230K, it sold for $220,800 after 144 days on the market. It was a 533 sf studio.  

Highest Price Per Square Foot: At Waldorf Astoria, all three of the top prices per square foot. Residence 3108 closed at $1306/sf., #2508 closed at $1289/sf, and #2405 closed at $1106/sf.

Lowest prices per square foot: The days of buying a high-rise condo for less than $200/sf seem to have ended. In October, the lowest price per square foot was ONE Las Vegas #315 that closed for $244/sf. The second-lowest was Turnberry Place Tower 4, #203, at $251/sf. The third was ONE Las Vegas #1416 at $254/sf.

Las Vegas High Rise News - September 2021

Are you dreaming of having a luxury high-rise condo in Las Vegas? We currently have 303 options for sale in our top high-rise buildings. That’s a slight increase from last month when we had 295 and the month before when we had 291. It’s a big drop from 578 condos that were for sale this time last year.

We sold 80 condos in our top buildings in September. That’s a drop from 106 that sold in August, and it’s not quite double the 48 we sold in September 2020 or the 49 sold in September 2019. Our seller’s market is giving the high-rise market a needed boost.

Top Sellers in September: Signature at MGM had the highest number of closings again. Fifteen condos changed hands at Signature in September, and that’s down from 17 in August, 18 in July, and 17 in June. For four months, Signature has been the top seller.

Second place was Panorama Towers, with 10 homes changing hands. Turnberry Towers recorded 8 closings for third place.

High Rise Price Trends: We sold 7 luxury condos for $1M+ in September. The top 3 prices were over $2M. The highest price was The Martin, penthouse 4300. Listed for $3.75M, it sold for $3.75M with only 2 days on the market.

The second highest was Turnberry Place Tower 2 #2904. This one was listed for $3.1M and sold for $2.8M after 263 days on the market. The third place was Park Towers #1702. Listed for $2.75M, it sold for $2.675M after 163 days on the market.

Lowest prices: While the high-rise market is strengthening, buyers are still finding some bargains. The lowest price for a high-rise condo in September was Trump 2820 and listed for $219K, it sold for $207K after 94 days on the market. 

The second-lowest was Metropolis #501. This one-bedroom condo was listed for $239,900 and sold for $220K after 10 days on the market. Trump #1614 was the third lowest. Listed for $225K, it sold for $220K after 102 days on the market.

Highest Price Per Square Foot: Waldorf Astoria only had one closing in September. A one-bedroom, #3801, closed at $1084/sf. The second and third highest prices per square foot were also in CityCenter at Vdara. Unit is 41028 closed for $949/sf Unit 25019 closed at $835/sf. Again, the CityCenter high-rise condos have established themselves as the leader in our high-rise buildings.

Lowest Price Per Square Foot: Lowest price per square foot for a high-rise in September was at ONE Las Vegas, and unit 612 closed for an incredible $193/sf. Second place was also at ONE LV, with unit 1112 closing for $219/sf. Third place as Allure #2505, which sold for $239/sf.

Las Vegas High Rise News - August 2021

In the market to buy a Las Vegas High Rise condo? You have 295 options available, up slightly from the 291 last month. That’s a massive drop from the 577 condos that were available this time last year.

We sold 106 high-rise condos in August. Again, a slight drop from July but a big jump from the 32 we sold last August.

Top Sellers in August - Top seller was Signature at MGM, with 17 condos changing hands. Second place was JUHL, with 13 closings. Third place was a tie between Turnberry Towers and ONE Las Vegas, with 11 closings in each building.

High Rise Price Trends - We sold 9 luxury high-rise condos for $1Million plus. The highest price was at Park Towers, where Penthouse 1901 was listed for $6.999M and closed for $5.5M. It was followed by two residences at Waldorf Astoria. Unit 3107 and 2603 were both listed for $1.95M, and both sold for $1.48M. ONE Las Vegas broke into the $1M+ price with unit 2022. Listed for $1.299M, it sold for list price.

Lowest Price - The lost price paid for a high-rise condo was Signature at MGM. Tower 2, unit 3604, was listed for $150K and closed for $190K. Juhl #527 was second-lowest. Listed at $201,900, it sold for $199,500. Juhl took third place for the third-lowest price with unit 255. Listed at $199,999, it sold for the list price.

Highest Price Per Square Foot - CityCenter took the three highest price per square foot spots in August. First was Vdara #56020 at $1010/sf. The second was Waldorf Astoria #3107 at $935/sf. The third was Waldorf Astoria #2603 at $896/sf.

Las Vegas High Rise News - July 2021

Looking to buy a high-rise condo in Las Vegas? Your options are becoming more limited as the housing market continues to be strong. Today, we only have 291 condos available in our best high-rise buildings. It’s the first time we have less than 300 condos listed in those same buildings in many years. It’s a drop from 333 last month and 367 the month before. It’s a big drop from the 548 we had this time last year.

We sold 114 high-rise condos in July. That’s up from 43 in July 2020. In all fairness, our market was beginning to show activity after the shutdowns had started last July. It’s a slight increase over the 108 sold in June.

Top Sellers in July - Signature at MGM retook the lead this month with 18 condos sold. Turnberry Place, with 15 closings, followed it. The third was Trump, with 11 condos sold. Turnberry Towers was 4th with 10 closings. Juhl was 5th with 9 closings. There were eight transactions at Panorama Towers. ONE Queensridge and SKY had seven each.

High Rise Price Trends - We sold 12 high-rise condos for $1 Million or more. Four sold for more than $2M. The top price paid this month was Waldorf Astoria 3305. Listed for $4.3M, it sold for $4.085M after 51 days on the market.

ONE Queensridge Tower 2 #1501 came in second. Listed for $4.299M, it sold for $4M after 290 days on the market. The third highest was also ONE Queensridge Tower 2. Unit 1001 was listed for $2.699M and sold for $2.6M. It was trailed by Turnberry Place Tower 3 #3503. Listed for $2.249M, it sold for $2.149M after 233 days on the market.

Lowest Prices - Lowest prices for July were all condotel. Palms Place set the bar with unit 2109. It was listed for $215K, and it sold for $205K after 60 days on the market. Trump was second with unit 1628; it was listed for $229K and sold for $219,500 with only 5 days on the market. The Signature at MGM Tower 3, #316, was listed for $224,88 and sold for 4220K after 22 days. It was tied by Trump 4223. Listed at $220K, it sold for $220K after 77 days on the market.

Highest Price Per Square Foot - Waldorf Astoria continues to command the highest price per square foot. Penthouse 3305 closed at $1363/sf. Second place was Vdara 23030 at $835/sf. It sold for $835/sf. The third and fourth place were at Veers Towers. Unit 902 closed at $785/sf and unit 2202 at $780/sf. The Citycenter properties have established themselves as the highest price per square foot in town.

Lowest Price Per Square Foot - Lowest price per square foot this month was at Turnberry Place Tower 4, Unit 404, closed at $246/sf. The second-lowest was Allure 3510 at $261/sf. It was followed by Allure 701 at $262/sf.

Las Vegas High Rise News - June 2021

Are you looking for a High Rise Condo in Las Vegas? Today, you have 333 condos available in the top buildings we follow for our monthly updates. We see a steady decline in inventory in our high-rise buildings. We had 367 last month, 410 the month before, and 415 the month before that. It's a big drop from the 493 listings in June 2020.

We sold 108 luxury high-rise condos in June. That's up from 82 in May but down slightly from 111 in April. It's a massive jump from the 33 condos we sold in June 2020 when we were beginning to recover from the shutdowns.

Top Sellers in June: The Signature at MGM had 17 condos that closed. Palms Place was second with 13 closings. Turnberry Towers was third with 12 closings, followed by Turnberry Place with 9 closings for fourth place.

Las Vegas High Rise Prices - We sold 6 high-rise condos for $1M+. The top price paid was an incredible $16,250,000. Yes, you read that correctly. Penthouse 4500 at The Martin, with a list price of $18M, had been on the market for 213 days. It closed escrow on 6/2/21. This 12,940 sf penthouse is a one-of-a-kind residence with incredible 360-degree views of the entire valley, from Allegiant Stadium to Downtown LV. 

ONE Queensridge, Tower 1 #302 was the second-highest. Listed at $2,345,000 it closed for $2,317,000 after 78 days on the market. The third highest was also ONE Queensridge Place Tower 2 #1202. Listed for $2.4M, it closed for $2.3M after 189 days on the market. Waldorf Astoria came in 4th with Residence 3903. Listed at $1.995M, it closed for $1.95M after 6 days on the market.

Lowest Prices - Three high-rise condos closed for $200K or less. All three were studio condos at Palms Place. Unit 1505 was listed for $184,900 and sold for $180K after 105 days on the market. Unit 1605 was listed for $184,900 and sold for $182,000 after 1 day on the market. Unit 1919 was listed for $205K and sold for $200K after 63 days on the market.

Highest Price Per Square Foot - The Martin penthouse 4500 was the highest price per square foot at $1256. It was followed by Waldorf Astoria 3903 at $1180/sf and Waldorf Astoria 3102 for $904/sf.

Lowest Price Per Square Foot - Lowest price per square foot in June was Panorama Towers, Bldg 2 #300 at $192/sf. The second lowest was Turnberry Place Tower 4 #303 at $228/sf. The third lowest was ONE Las Vegas 601 at $235/sf.

Las Vegas High Rise News - May 2021

Las Vegas Home Buyers who are open to the high-rise lifestyle have 367 options in our top buildings. That’s down from 410 last month and 415 the month before. It’s a big drop from the 473 condos available when I updated this post in May 2020.

We sold 82 condos in our top buildings in May. That’s a drop from 111 in April and 95 in March. It beats the 78 sold in February of this year. It’s a jump from May 2020, when we only sold 24 condos in these buildings as the shutdowns started to affect the high-rise market. The slowest month during the pandemic was April 2020, with only 19 condos sold in the top towers.

Top Sellers in May - Turnberry Place took the prize last month with nine condos changing hands in their four towers. Turnberry Towers was second with eight closings.

Third place was a three-way tie. Signature at MGM, Palms Place, and Juhl all had seven closings in each tower. Our other buildings all had activity except Metropolis, Park Towers and Vdara. The highest sellers don't judge how popular or pleasant the facilities are so much as their availability. For example, SOHO Lofts and Newport Lofts each had four closings during the month. At the moment, there are no condos for sale in either building. So unless something comes on the market and gets snapped up for a quick close, they won’t have any activity this month.

Las Vegas High-Rise Prices - We sold eight luxury condos for $1M+ in May, down from 17 in April.

The highest price was Waldorf Astoria unit 3805. Listed for $4.0M, it sold for $3.925M after 64 days on the market. Second place was ONE Queensridge Tower 2 unit 1502. Listed for $4.2M, it sold for $3.9M. Third place was Veer Towers East, Unit 3601. This one was listed for $2.9M and sold for $2.9M. According to the MLS it was only listed for 118 days, however, I showed it to a client early last year before the pandemic started so that number only reflects the current listing.

Lowest Prices - The lowest price paid for a high-rise condo was unit 709 at Allure. The 662 sf, 1 bedroom, 1 bath condo was listed at $188,500 and sold for $182K after 35 days on the market. The second-lowest price was Trump #1809. Listed for $189,900, it closed a bit higher at $192,500 after 146 days on the market. The third lowest was Palms Place #24318. Listed for $199,900, it sold for $193K after only 19 days on the market.

Highest Price Per Square Foot - All three highest prices per square foot were at Waldorf Astoria. The highest price per square foot was #3610, which closed at $1511. Unit 2911 was close behind at $1510/sf. Unit 3805 closed at $1309/sf. The fourth place was at Veer Towers West (also in CityCenter) where unit 3601 closed at $1155/sf.

Lowest Price Per Square Foot in May - Panorama Towers unit 307 closed at $178/sf.  It was followed by Turnberry Place Tower 3 #601 at $235/sf.  Third lowest was Allure #606 at $247/sf.

Las Vegas High Rise News - April 2021

Las Vegas High Rise buyers only have around 410 options to choose from at the moment. That sounds like a lot until you hear how many we sold last night. It’s down from 425 last month and 467 in April 2020 when we first started the pandemic shutdowns.

We sold 111 high-rise condos in the top buildings we follow here for this report. No, we don’t follow buildings built before 2000 and mid-rise or any buildings under ten floors.

In those top buildings, we only sold 19 in April 2020. The drop in sales was in large part due to the Covid shutdown. Sales in the high-rise sector of our market remained sluggish throughout most of 2020. It picked up later in the year, and each month we’re seeing an increase in sales now that things are opening up again.

We sold 95 in March and 78 in February of this year. Last month’s 111 closings are the highest number of high-rise sales in a month since the peak of high-rise mania before the market crashed.

Top Sellers in April - Signature at MGM was the most active high-rise property with 19 closings in April. Second place was Allure, with 12 closings. Third place was a tie between Trump and Turnberry Place, with 11 closings in each property. Signature at MGM and Trump are both condoles. The volume of activity in those buildings signals that investors are betting Las Vegas is going to have a good recovery.

Las Vegas High Rise Prices - In March, we sold nine luxury high-rise condos for $1M+. In April, we sold 17. That’s amazing.

The most expensive high-rise condo sold in April was at SKY, where penthouse 4302 was listed for $4.5M and sold for $4.35M after 84 days on the market. Second place was Waldorf Astoria Penthouse 4202, which was listed for $3.95M and sold for $3.8M after 94 days on the market. The third was The Martin, penthouse 4407. Listed for $4.1M, it sold for $3.65M after 191 days on the market.

Lowest Prices - We topped March by selling eight high-rise condos for $200K or less in April. In March, we only sold 7 for less than $200K.

Three lowest prices - all three were at Trump. Studio units 2109, 3719, and 2815 all sold for $185K. The other lowest prices were at Trump except one unit at Signature at MGM. Unit 2718 in Tower 2 at Signature was listed for $199,900 and sold for $195K after 176 days on the market.

Highest Price Per Square Foot - We sold four high-rise residences for more than $1000 per square foot. All four were at Waldorf Astoria, arguably, the most distinguished high-rise building in Las Vegas.

The highest price was Waldorf Astoria #4619. Listed for $2M, it sold for $1.725M after nine days on the market and $1853/sf. Waldorf Astoria #4202 closed for $1691/sf. Waldorf Astoria #2503 closed for $1332/sf and #3608 closed for $1031/sf. Waldorf Astoria consistently fetches the highest price per square foot of our high-rise buildings.

Lowest Price Per Square Foot - Three high-rise condos sold for less than $225/sf. Allure unit 2409 was the lowest at $193/sf. Also, at Allure, unit 1811 closed at $220/sf. Turnberry Place Tower 3 unit 904 closed at $224/sf.

Las Vegas High Rise News - March 2021

Las Vegas High Rise condo buyers have 425 options available in our best building. That’s down from 474 last month and up slightly from the 400 available this time last year.

We sold 95 condos in our top buildings last month. That’s up from 78 in February and 46 condos in March 2020. The 95 is a record since the pandemic and probably even before. It’s almost double the 52 we sold in February 2020, before the pandemic/shutdowns started.

Top Sellers in March - Turnberry Place stole the first place spot with 15 condos changing hands during the month. Second place was Signature at MGM with 11 transactions.

Third place was a tie between Turnberry Towers, The Martin, and Trump, with eight closings in each building. They edged out the 4th place tie between Palms Place and Panorama Towers, with seven closings in those two communities.

Las Vegas High Rise Prices - Seven of the luxury condos sold last month closed for more than $1M and two for more than $3M.

The most expensive condo sold was ONE Queensridge Place Tower 1, #201. Listed at $4.6M, it sold for $3.8M after 160 days on the market. Second place was Waldorf Astoria unit 3205. Listed for $3.995M, it sold for $3.5M after 139 days on the market. Third place was also Waldorf Astoria #3103. Listed at $1.995M, it sold for $1.85M after 158 days on the market.

Lowest prices - We had an incredible seven condos that sold for $200K or less. All seven were condotel properties, with 6 in Trump and one at Signature at MGM.

Three lowest prices - Trump #1623 was listed for $205,888 and sold for $160K after 28 days on the market. Trump #4017 was listed for $187,500 and sold for $187,000 after 126 days on the market. Trump #2708 was listed for $225K and sold for $195K after 161 days on the market.

The disparity between list price and closing price indicates that the high vacancy rate has hurt the condotel owners during the pandemic.

Highest price per square foot - All three of the highest prices were at Waldorf Astoria. The top price per sf was unit 3205 at $1167/sf. Unit 3103 was just under at $1165/sf. Third place was unit one 3710 at $882/sf. This building gets the highest price per sf of our high-rise buildings.

Lowest price per square foot - Allure #501 sold for $174/sf. Allure #3111 sold for $211/sf. Turnberry Place Tower 3 closed at $217/sf.

Las Vegas High Rise News - February 2021

Buyers who want to own a Las Vegas High Rise condo only have 474 options in our top buildings today.  That’s a drop from 551 last month, still more than the 400 high-rise condos for sale this time last year.

We sold 78 high-rise condos in February.  Up from 51 in January and 52 in February 2020.  

Top Sellers in February - We saw activity in most of our top buildings.  Only Metropolis didn’t see any condos change hands.  First place was a tie between Signature at MGM and Trump with 9 closings in each building.  

Second place was a tie between Turnberry Towers and Panorama Towers.  Third place was a tie between Waldorf Astoria and Turnberry Place with 6 closings each.  However, the total dollar amount paid for the 6 closings at Waldorf totaled $14,400,000.  That makes Waldorf Astoria arguably the top seller.

Las Vegas High Rise Prices - 9 luxury condos sold for $1 Million plus.  Four of those were priced between $1-2M, three between $2-3 M, and two were over $3M.  The top price was Waldorf Astoria #3908, listed at $4.5M and sold for $4.2M with only 11 days on the market.  Numbers 2 and 3 were also at Waldorf Astoria.  Residence 3505 was listed for $3.75M and sold for $3.7M with 133 days on the market.  Penthouse 4004 was listed for $2.795M and sold for $2.7M after 78 days on the market.  Waldorf Astoria has established itself as the top high-rise tower in town based on the prices it fetches.

Lowest Prices - we saw ten luxury condos close for $200K or less.  The majority of them were at Trump with one at Signature at MGM and one at JUHL.  Trump and Signature are both condoles which allow short-term rentals.  Owners in the condotel properties have been hit as tourism has slowed down.

The lowest price was Trump 1620.  Listed for $185K, the studio unit closed for $165k after 75 days on the market.  Signature Tower 2, #1109, was the second-lowest.  Listed for $199,888 it closed for $184K after 60 days on the market.  The third was back to Trump with unit 1808.  Listed for $195K, it sold for $185K after 182 days on the market.

Highest Price Per Square Foot - It isn’t a surprise that the top prices per square foot were at Waldorf Astoria.  Residence 3908 was the top price per sf at $1443.  3505 closed at $1234/sf.  #2404 closed at $1134/sf.  Surprisingly, the only true penthouse at Waldorf Astoria, #4004, was fourth at $1053.  Floors 40 and above in that building are the penthouse levels with taller ceilings.  Veer Towers #711, also in CityCenter, came in at $946/sf.  A studio at Vdara Condotel, also in CityCenter, closed at $903/sf.

Lowest Price Per Square Foot - Allure and Turnberry Place had the lowest prices per sf.  Allure #1011 closed for $197/sf.  Allure #2307 closed at $232/sf, and in the agent’s remarks it noted the condition was “fair”.  Turnberry Place Tower 3 #1006, closed at $397/sf.

SOLD in February 2021:

Las Vegas High Rise News - January 2021

Las Vegas buyers have 551 options available in our top high rise buildings.  That’s unchanged from last month when we updated.  It’s still down from the 592 listings in October but up from 442 this time last year.

We sold 69 condos in our top buildings in December.  That’s up from only 41 in November.  That’s the largest number of condos that sold in a month since our shutdown started last March.  We sold 52 in February before the shutdown started.  In fact, we dipped to only 19 units sold in March and 16 condos sold in April.  In December 2019 we only sold 53.  Hopefully, this is an indication that out of State buyers are making their way back into town.

Top Sellers in December - First place was a tie between Turnberry Place and ONE Las Vegas.  Both properties recorded 8 closings for the month.  

The second place is Turnberry Towers with 7 condos sold.  The third place is Panorama Towers with 6 condos sold for the month.

Las Vegas High Rise Prices - We sold 10 luxury high rise condos for more than $1M in December.  Four of those were $2M plus.  The top price paid was Penthouse 4304 at Waldorf Astoria.  Listed at $4.995M, it sold for $4.5M.  The second highest was also at Waldorf Astoria with #2709.  Listed for $3.3M it sold for $2.97M.  Waldorf Astoria took the third-highest price with #2909.  Listed for $2,099,999 it sold for $2.025M.

Lowest Prices - The lowest price was at Trump where #3403 was listed for $215K and sold for $195K.  The second and third lowest were at Palm’s Place, another condotel.  Palm’s Place #2520 was listed for $240K and closed for $206K.  Palm’s Place #3008 was listed for $225K and sold for $210K.

Highest Price Per Square Foot - Waldorf Astoria cornered the market for highest price per sf.  The third place was #2708 which closed for $1021/sf.  The second was #2903 at $1135/sf.  The Penthouse #4304 closed at $1633/sf.

Lowest Price Per Square Foot - Allure #1608 was the lowest at $222/sf.  Allure #3401 was second at $226/sf.  Newport Lofts was third lowest with #1104 closing at $228/sf.

SOLD in December 2020:

Las Vegas High Rise News - November 2020

Las Vegas High Rise Buyers now have 551 options in our top buildings.  That’s down from 592 last month.  Still a jump from 464 listings available in November 2019.

We sold 41 luxury condos in our top buildings last month.  That’s a slight drop from October when we sold 43.  It’s a gradual decline from 48 in September and 50 in November 2019.  Considering that a majority of high rise buyers come from other States/Countries, it’s surprising that we’re doing this well with the current travel restrictions.

Top Sellers in November - Signature at MGM had the highest number of closings with 6 condos changing hands.  Second place was a tie between Palms Place and Turnberry Place with 5 in each community.  Third place was a tie between Turnberry Towers and The Martin with 4 closings in each community.

Las Vegas High Rise Prices - Six luxury condos sold for $1M plus in November.  One of those was over $2M and one was over $3M.  Top price was at Waldorf Astoria where Penthouse 4305 sold for $3.65M.  Second place was ONE Queensridge Place Tower 2 #1102 which sold for $2.12M.  Third place was also ONE Queensridge Place but Tower 1 #404.  That oe sold for $1.2M.

Lowest Prices - The Lowest price was Palms Place #21312.  It closed for $200K.  Second was Signature at MGM Tower 2 which closed for $203,175.  Third lowest price was Trump 3528 which closed for $207,500.

Highest Price Per Square Foot - Waldorf Astoria again proves it can command the premium prices in our high rise market.  Penthouse 4305 closed for $1325/sf.  It was followed by Trump Penthouse 6005 which closed for $576/sf.  Third most expensive was ONE Queensridge Place #1102 which closed for $550/sf.

Lowest Price Per Square Foot - Some lucky buyer scored an incredibly low price per sf at Turnberry Place Tower 1 unit 304.  It closed for $173/sf.  Next was Signature at MGM Tower 2 #2020 that closed for $232/sf.  Third lowest price per sf was Allure #912 that closed for $267/sf.

SOLD in November 2020:

Las Vegas High Rise News - October 2020

High Rise buyers in Las Vegas have 592 luxury condos to choose from today. A slight increase from last month when there were 578 options. It’s a jump over the 499 options this time last year.

We sold 43 condos in our top buildings last month. Down from 48 in September. It’s a drop from the 54 we sold in October 2019. The continued slowness in the high-rise market is largely related to the pandemic and the out-of-State buyers who are not able to come into town to buy.

Top Sellers in October - Turnberry Place took the lead with 6 units changing hands there. Trump and Palms Place tied for second with 5 condos selling in each building. ONE Las Vegas was third with 4 transactions.

Las Vegas High Rise Prices - We only sold one high rise condo for $1 Million or more in October. Down from 7 in September. Turnberry Place Tower 2, Unit 3201 was listed for $3,499,975. It sold for $3 Million even on 10/27/20. The 4 bedroom, 7 bath residence had been listed 177 days.

Lowest Prices - Lowest price for the month was Trump #5017 which closed for $192K. The second-lowest was Palms Place #2205 which closed for $193K. The third was Palms Place #30303 which closed for $200K.

Highest Price Per square foot - Veer Towers West #2607 closed at $563/sf. Veer Towers East #1609 closed at $520/sf. Turnberry Place Tower 2 #3201 closed at $519/sf.

Lowest Price Per Square Foot - Allure #2011 closed at $205/sf. Turnberry Place Tower 2, #204 closed at $207/sf. Allure #209 closed at $208/sf.

Las Vegas High Rise News - September 2020

Las Vegas High Rise News - August 2020

Las Vegas High Rise buyers have 577 luxury condos available today. Up from 548 last month. It’s up from 496 options this time last year.

We sold 32 Luxury Condos in our top buildings last month. That’s down from 43 last month and considerably lower than the 54 we sold in August 2019.

Top Sellers in August - Veer Towers with five condos sold. Signature at MGM was second with four closings. Trump and Juhl tied for 3rd with 3 condos selling in each of those communities.

Las Vegas High Rise Prices - We sold three luxury condos for more than $1 Million in August. The top price was The Waldorf Astoria Residence 3304. Listed for $2.8M it sold for $2.625M after 15 days on the market.

Veer Towers West #2901 was listed for $1,999,500. It sold for $1.95M after 140 days on the market.

Panorama Towers Tower 1 #2501 was listed for $1.225M. It sold for $1.03M after 28 days on the market.

Highest Price Per Square Foot - Highest price per square foot continues to be focused in the condos at CityCenter. Waldorf Astoria #3304 fetched $1,024/sf. Veer Towers West 2901 sold for $977/sf. Veer Tower  East #1912 sold for $589/sf.

Lowest Prices - JUHL #445 was the lowest priced closing at $199,900. It was followed by Signature at MGM Tower 3 #217 at $200K and Signature at MGM Tower 2 #2104 at $200K.

Lowest Prices - Lowest price per square foot was Allure #906 at $225K. It was followed by SKY #808 at $249K and Newport Lofts #1005 at $259/sf.

Las Vegas High Rise News - July 2020

Las Vegas High Rise Buyers have 548 condos to choose from today. We’ve seen a steady increase of condos for sale throughout the Covid shutdown. Last month we were at 493, the month before at 473. It’s a big jump from 432 high rise condos for sale at this time last year.

We sold 43 Luxury Condos in our top buildings last month. That’s also been increasing monthly since we dropped to only 16 in April when the shutdown first started. It was 33 last month and 24 the month before. It’s a few more than the 38 we sold in July 2019. We expect the high rise market to continue improving as travelers return to Las Vegas.

Top Sellers in July - Signature at MGM and Veer Towers tied for most closings in July with 6 units sold in each of those. Turnberry Towers and Newport Lofts tied for second-most active with four condos sold in each of those communities.

Las Vegas High Rise Prices - We sold five high rise condos priced at more than $1 Million. The three most expensive were all at Waldorf Astoria. Waldorf #2705 was listed at $3.5M and sold for $3.5M. Waldorf #3703 and 3811 both sold at $2.3M. Turnberry Place and Veer Towers both had a condo that sold for more than $1M in July.

Highest Price Per Square Foot - The three highest prices per square foot were also at Waldorf Astoria. Unit 3811 closed at $2080/sf. Unit 3703 closed at $392/sf. Unit 2705 closed at $1167/sf.

Lowest Prices - Palms Place #2203 was listed at $188K and closed for $183K. Trump #2301 was the lowest price for a high rise condo that sold last month. Listed at $229K it closed for $190K. Palms Place #2504 was listed at $219K and closed for $205K.

Lowest Price Per Square Foot - The three lowest prices per square foot were at Newport Lofts. Unit 1708 closed at $219/sf. #1410 closed at $street 227/sf. #1109 closed at $228/sf.

Las Vegas High Rise News - June 2020

Las Vegas High Rise Buyers currently have 493 luxury condos to choose from.  Up slightly from 473 the month before   Up considerably from the 416 we had a year ago.

We sold 33 condos in our top high rise buildings.  Up from the low of 16 in April when shutdown had just started and 24 last month.  That’s almost as many as the 37 we sold in June 2019.

Top Sellers in June - Palms Place was by far the leader with 8 units sold.  The Martin and Veer Towers tied for second with 4 units sold in each property.  The Ogden and Trump tied for third with 3 in each building.

Las Vegas High Rise Prices - We sold two luxury condos for more than $1 Million in June. One Queensridge Tower 1, Residence 1503 was listed for $4.95M and sold for $4M after 52 days on the market.  The Martin #4110 was listed for $1.345 and sold for $1.1M after 63 days on the market.

Highest Price Per Square Foot - Most expensive was ONE Queensridge #1503 which closed at $782/sf.  Veer Towers East #2107 closed at $593/sf.  The Martin #4110 closed at $561/sf.

Lowest Prices - Six high rise condos sold for less than $200K in June.  All six were studio units at Palms Place.  Unit 2503 was listed at $204,888 and sold for $190K.  Unit 2912 was listed for $199,000 and sold for $197,000.  Unit 3016 was listed for $199,900 and sold for $195K.  Unit 3120 was also listed at $199,900 and sold for $195K.  Unit 1910 was listed for $199K and sold for $199K.  Unit 1608 was listed at $219K and sold for $190K.

Lowest Price Per Square Foot -  Allure #3808 was lowest price at $243/sf.  Sky #1004 was second at $245/sf.  Palms Place #1121 was third at $246/sf.

Las Vegas High Rise News - May 2020

Las Vegas High Rise News - April 2020

Las Vegas High Rise News - February 2020

Today’s high rise buyers have 400 options to select from in our top buildings.  Down slightly from 412 last month.  It’s about the same as the 398 we had this time last year.

We sold 52 condos in our top buildings in February.  Up from 49 in January.  That’s a nice increase from the 38 high rise condos we sold in February 2018. 

Top Sellers in February - Signature at MGM was top seller with 8 condos changing hands.    Turnberry Towers came in second with 7 closings.  Turnberry Place came in 3rd with 6 condos sold. 

Highest Prices - Five residences sold for more than $1 Million in February.  Highest price paid was at Park Towers.  Residence 703 was listed for $2.5M and sold for $2.25M after 251 days on the market.  

Second highest price for the month was Waldorf Astoria Residence 3903.  Listed for $1.85M it sold for $1.85M with zero days on the market. 

Third place was Turnberry Place Tower 2 #2403.  Listed for $1.688M it sold for $1.6M after 1008 days on the market. 

Highest Price Per Square Foot - Top 3 prices per square foot were all located in CityCenter.  Waldorf Astoria #3903 closed for $1120/sf.  Vdara Unit 38010 closed for $839/sf.  Also at Vdara, #7008 sold for $591/sf.

Lowest Prices -  Juhl #373 sold for the lowest price of our high rise condos.  Listed for $199,900 and sold for $199,900.  

Second Lowest was Allure #1710.  Listed for $225K, it sold for $220K after 72 days on the market.

Third lowest was Signature at MGM Tower 2.  Unit 1818 was listed for $235K and sold for $225K after 74 days on the market.

Lowest Prices Per Square Foot - The three lowest prices per square foot were all at Allure.  Unit 607 closed at $201/sf.  Unit 1710 closed at $202/sf.  Unit 907 closed at $215/sf. 

Las Vegas High Rise News - January 2020

Las Vegas High Rise News - December 2019

Today’s high rise buyers have 442 options in our top buildings.  A steady decline from 464 last month and 499 the month before.  It’s still more than the 357 we had available in December 2018. 

We sold 53 high rise condos in our top buildings in December.  That’s a slight increase from 50 in November.  It’s a nice increase over the 45 we sold in the same month last year.

Top Sellers in December - This month’s top selling buildings was a three way tie.  Turnberry Towers, MGM Signature and Veer Towers all sold 7 condos each for the month.  Fourth place was ONE Queensridge with 5 closings. 

Highest Prices - Five condos closed for $1 Million or more.  Top price was Turnberry Place Tower 3, Unit 3701.  Listed for $3.875M it sold for $3.6M after 156 days on the market.  The 5779 sf penthouse featured 5 bedrooms, 7 baths with incredible views.

ONE Queensridge Place Tower 2, #1202 was listed for $2.5M.  It sold for $2.375M after 30 days on the market.  The 3856 sf home featured 3 bedrooms and 4 baths.

Waldorf Astoria #2606 was listed for $2.05M and closed for $1.95M after 43 days on the market.  The 1675 sf residence offered 1 bedroom, 2 baths and a den.

Top Price per Square Foot -  Three high rise condos sold for more than $700/sf in December.  All three were in CityCenter.  Waldorf Astoria #2606 was top price at $1164 per sf. 

Second highest was Waldorf Astoria #3201 closed at $950/sf.

Third highest was Vdara #24026 at $712/sf. 

Lowest Prices - Cheapest high rise deal was Juhl #577.  Listed for $187,999 it sold for $180K after 108 days on the market.  It was a 552 sf, 1 bedroom, 1 bath condo.

Second lowest was Trump #1614.  The 533 sf studio was listed for $209,900 and sold for $208K after 174 days on the market.

Third lowest was Allure #2512.  The 974 sf 1 bed, 2 bath condo was listed for $213,900 and sold for $220K after 39 days on the market. 

Lowest Price Per Square Foot - We aren’t seeing too many high rise condos closing for less than $200/sf now.  We did see Allure #508 close at $174/sf in December.  The 1577 sf 2 bedroom/2 bath condo was on the market 320 days before selling.

Second lowest price per sf was also at Allure.  Unit 2512 closed at $226/sf.  The 974 sf, 1 bed/1.5 bath had been listed 39 days.

Third lowest price was Turnberry Place Tower 3, #1805.  This 1556 sf 2 bedroom/2 bath had been listed for 61 days when it closed for $241/sf. 

2019

Las Vegas High Rise News - November 2019

Today’s buyers have 464 luxury high rise condos to choose from in Las Vegas.That’s down from 499 in November and 492 in October.It is still an increase from the 359 condos listed when we did our high rise update in November 2018.

We sold 50 luxury high rise condos in November.A slight dip from 54 in October but up from the 49 sold in September.Not a big change from the 52 we sold in November 2018.

Top Sellers in November - Turnberry Place was first place with 9 closings in the subdivision.    Second and third place was a tie between Turnberry Towers and The Martin.Each community had 5 closings.

Highest prices: Palms Place #5902 is the most expensive high rise condo that has sold over the past few years.Listed for $15M, it closed for $12.475M on 11/6/19.This incredible residence offers over 25,000 sf of living space with panoramic views.  

Second place was Waldorf Astoria Residence 2703.Listed at $1.85M it sold for $1,788,888.

Third Place was ONE Las Vegas unit 1901.Listed at $1,175,900, it sold for $1,175,900.  

Only 5 high rise condos closed above $1M in November.

Top Price Per Square Foot was an amazing $2002 per sf for Penthouse 5902 at Palms Place.This was a unique property.This penthouse includes the entire 59th floor of Palms Place.It is the highest price per square foot that we have tracked for the high rise market over the past several years.

Second place was Waldorf Astoria Residence 2703.It sold for $1083 pr sf.  

Third place was Veer Towers East unit 1408 which closed for $696 per sf.

Lowest Prices - Lowest price for a high rise condo was again at Allure.Unit 806 was listed for $205,900 and sold for $205,900.  

Second place was Palms Place #819.The studio was listed for $225K and sold for $213K after 58 days on the market.

Third place was Trump residence 3003.Listed for $245K the studio sold for $220K after 17 days on the market.

Lowest price per square foot:Turnberry Place Tower 1, Unit 1602 was the lowest price per square foot in November.The luxury high rise closed at a mere $193/sf 

Second place was ONE Las Vegas Unit 708 which closed at $219/sf 

Third place Was SOHO Lofts #1201.It closed at $223/sf.

SOLD in November 2019:

Las Vegas High Rise News - October 2019

Las Vegas High Rise News - September 2019

Looking for a Las Vegas High Rise Condo?We have 492 of them listed for sale in our top buildings today.About the same as when we did our update last month.A big jump over the 320 we had this time a year ago. 

We only sold 49 condos in September, down from 54 in August and 54 in September 2018.

Top Sellers in September - First place was Turnberry Towers with 8 condos closing.Allure was second with 5 closings.   

Third place was a tie between Turnberry Place, SKY and ONE Las Vegas with each community selling 4 condos.

Highest Prices in September - we only sold two condos priced at $1 Million or more in September.However, the two that sold were incredible.Penthouse 1802 at ONE Queensridge Place was listed for $10,000,000.It sold for $8,005,000 after 351 days on the market. 

Waldorf Astoria, #3305 was listed for $3.6M and sold for $3.4M. 

Top Price per Square Foot - Waldorf Astoria #3305 was the highest price per sf at $1134.Second place was Veer Towers West #1601 at $759/sf.Third place was MGM Signature Tower 2 #3609 for $558/sf.

Lowest Prices - Juhl #215 was the cheapest high rise condo sold at $199,900.It was followed by Allure #2811 at $230K and Allure #3211 at $235K.

Lowest Price Per Square Foot - All three of the lowest price per square foot deals were at Allure.Unit 2811 came in at $211/sf.Unit 3211 closed for $216/sf.Unit 1104 closed for $217/sf. 

Las Vegas High Rise News - August 2019

Las Vegas High Rise buyers have 496 luxury condos for sale this month.That’s a steady increase from 432 last month and 416 from the month before.That’s a huge increase from 311 the same month last year. 

Good news is the number of condos sold in our top buildings bounced back a bit last month.We sold 54 condos in August.Up from 38 in July and 37 in June.It’s still a drop from the 78 condos sold in August 2018.

Top sellers in August - First place for the month was a tie between Waldorf Astoria and Panorama Towers.Each of those properties sold 6 condos in August.Considering that Waldorf prices ranged from $985K to $5.75M, I would give them first place.Closing prices at Panorama Towers ranged from $254K to $692K.

Third place was also a tie.Turnberry Place and Signature at MGM each closed five transactions.Again, prices at Turnberry Place ranged from $397,950 to $1.35M.Signature at MGM ranged from $250K to $338K. 

Highest Prices in August - We sold 9 condos for $1 Million or more. Four of those were more than $2M. 

Top three prices were all at Waldorf Astoria: 

Penthouse 4606 was listed for $5.995M and closed for $5.75M.The 3922 sf residence features 3 beds, 4 baths and was listed for 80 days. 

Residence 3605 was listed for $4.48M NS AOLS DOE #2.9`M.The 2998 sf plan featured 2 beds and 3 baths.It was on the market 47 days. 

Unit 2808 was listed for $3.691M and closed for $3.5M.The 2910 sf condo has 2 bedrooms and 3 baths.It was listed for 85 days.

Top price per SF - Four of the condos that sold in August closed at more than $1000/sf.All four were at Waldorf Astoria.Penthouse 4606 closed at $1466/sf.Unit 3605 closed at $1304/sf.Unit 2808 closed at $1203/sf.Unit 3207 closed at $1124/sf.Waldorf Astoria continues to overshadow our other buildings as the most distinguished property. 

Lowest Prices - Once again, JUHL sold two condos for less than $200K.Units 467 and 545 were developer units that both sold for $199,900.The next lowest price paid was unit 1305 at SKY.It closed for $232,500.

Lowest Price Per Square Foot - Turnberry Place is where we found the bargains last month.Lowest price per sf was Tower 1, unit 2504.It sold for $194/sf.Second place was Tower 1 #1804.It closed at $200/sf.Third place was tower 2 #301.It closed at $206/sf.

Las Vegas High Rise News - July 2019

Las Vegas High Rise buyers now have 432 options to choose from.Up from 416 last month but down from the low of 311 in July 2016.

Sales were stagnant with 38 luxury high rise condos sold in July.That’s only one more than in June.It’s a huge drop from the 86 residences we sold in the top building July 2018.

Top Sellers in July - More than half the condos that sold in July were in five high rise communities.Five condos sold in Turnberry Place, Veer Towers, MGM Signature and ONE Las Vegas.The Ogden had four closings.So 24 of the 38 luxury high rise condos sold last month were in those buildings.

Highest Prices in July - We sold three luxury condos for more than $1 Million.

Highest price was Waldorf Astoria #2503.The 1652 sf residence was listed for $2.25M and sold for $1.9M.It featured 2 bedrooms, 2 baths in 1652 sf.It was on the market 73 days. 

Second place was Turnberry Place Tower 4 #3402.Listed for $1.25M it sold for $1.16M the first day it was listed.The 2805 sf home featured 3 beds and 3 baths.

Third place was ONE Las Vegas.Unit 1922 was listed for $1.099M and sold for $1.099M.The 2872 sf home featured 3 beds, 4 baths and sold in 21 days.

Top Price Per SF - The top prices per square foot in July were once again at the CityCenter Properties.

Waldorf Astoria #2503 took top price per sf at $1150.The 1652 sf residence was also the highest price paid in July.

Veer Towers East #2306 came in at $761/sf.The 966 sf residence had 1 bed, 1 bath with direct Strip views from every room.

Veer Towers East #2511 was third at $535/sf.It was a 542 sf studio.

Lowest Prices - For the first time in a few months, we had a condo that sold for less than $200K.Juhl #317 was only a 635 sf studio when it sold for $199,900.  

Allure took second and third place.Unit 1411 was listed for $229K and sold for $225K.The 1090 sf condo had 1 bedroom, 1 bath and sold in 26 days.Unit 2910 was listed for $249K and sold for $249K.Another 1090 sf 1 bed, 1 bath unit it sold in 32 days.

Lowest Price Per Square Foot - We haven’t seen too many deals closing for less than $200/sf recently.We did with Metropolis Unit 405.Listed at $475K it closed at $437,500 with 31 days on the market.The 2252 sf condo had 2 bedrooms and 2 baths.It sold for $194/sf.

Second and third lowest prices per square foot were both at Allure.Unit 1411 sold for $206/sf.Unit 2910 sold for $228/sf.

Las Vegas High Rise News - June 2019

We currently have 416 luxury condos for sale in our top buildings.Down from 462 last month but up from the low of 311 in July 2018.   

We saw a dip in sales for the month.Only 37 condos changed hands in our top buildings.Down from 61 last month and the 85 we sold in June 2018. 

Top Sellers in June - ONE Las Vegas was the most active community.They closed escrow on six condos.All six were “developer” units.Second/Third place was a three way tie between Turnberry Place, The Martin and MGM Signature.Each of those communities sold 4 condos in June. 

Highest Prices in June - We sold four condos for more than $1 Million, two of those were just under $3M.  

Top price was Waldorf Astoria #4607.The 2167 sf residence was listed for $3.2M and closed for $2.8M.

Second place was Park Towers #1802.Listed for $3.05M, it closed for $2.7M.   

Turnberry Place Tower 3 #3201 was listed for $1.175M and closed for $1.175M.It was followed by The Martin #3010. This one was listed for $1.295M and closed at $1.1M.

Price Per Square Foot - Waldorf Astoria fetched the highest price per square foot again.Unit 4607 sold for $1292/sf.It was followed by Vdara #33032 (also in CityCenter) at $800/sf.Park Towers placed third with unit 1802 going for $768/sf.

Lowest Prices - We didn’t sell any units in our top buildings for less than $225K in June.Lowest price wasa tie between Unit 1607 at Palms Place and unit 2302 at Trump.They both closed at $235K.Palms #1607 was listed for $209K and unit 2307 at Trump was listed at $249K.Only one other unit sold for less than $250K.Trump #4208 was listed at $255K and closed at $243K.   

Lowest Price Per Square Foot - Only two high rise condos closed for less than $250/sf.  Lowest price was ONE Las Vegas #810.  It sold for $241/sf.  It was followed by Allure #2005 at $243/sf.

Las Vegas High Rise News - May 2019

Las Vegas High Rise News - April 2018

The Greater Las Vegas MLS currently has 445 condos in our top high rise buildings for sale.Up from 412 last month.We’ve seen a steady increase over the 319 condos for sale at this time last year.

We sold 62 condos in those same buildings.A slight increase from the 58 we sold in March.Down from 70 in April of last year.  

Top Sellers in April - Palms Place took the lead with 10 condos sold.It was followed by 8 closings at MGM Signature.ONE Queensridge Place and Turnberry Towers tied with 5 closings each.

Las Vegas High Rise Prices - Sales volume may be a little sluggish but prices are strong.We sold 9 luxury condos priced above $1 Million in April.In fact, 6 of them were above $2M and 3 above $3M.   

Top price paid was Turnberry Place Tower 1 #3703.Listed at $4.499M it sold for $4.15M after 152 days on the market.The penthouse included 4 bedrooms, 6 baths in 6401 sf.It featured a deck with double fireplace and swimming pool.

Waldorf Astoria #2605 was second most expensive high rise closing.Listed at $3.99M, it sold for $3.6M after 83 days on the market.The residence offered 2 beds/3 baths in 2998 sf.

Trump Penthouse 6303 was listed for $3.2M and sold for $2.9M with only 1 day on the market.This furnished penthouse offered 3 bedrooms and 4 baths.

Price Per Square Foot - All three of the highest prices per square foot were at CityCenter.Top price was Waldorf Astoria’s Residence 2605.It closed at $1201/sf.

Second highest price was square foot was Veer Towers West #2502.It sold for $892/sf.Third place was Vdara #50012.The furnished condole sold for $874/sf.

Lowest Prices - The condos that sold last month were all over $200K.Lowest price paid was for Studio #2724 at Trump.Listed for $215K it sold for $215K in only 6 days.Palm’s Place #16-30 was listed at $235K and sold for $225K after 28 days on the market.

Lowest Price Per Square Foot -The lowest prices per square foot continued to be found at Allure.Unit 3311 closed for $218/sf.Unit 3711 closed for $229/sf.Unit 809 at SOHO tied Allure’s #3711 at $229/sf.  

Las Vegas High Rise News - March 2019

Las Vegas High Rise News - February 2019

The number of luxury high rise condos for sale continues to increase.We have 398 listed for sale in the buildings we follow here.That’s up from 385 last month and 357 the month before.It’s a huge jump from 313 a year ago.

We only sold 38 high rise condos in our top buildings last month.That’s down from 42 last month, 45 the month before and 52 in November.A pattern of steady decline while inventory is increasing.We sold 62 high rise condos last February.

Top Sellers in February - Trump International had the highest number of closings.Six units sold in that tower last month.Second place was Turnberry Place with four closings.Turnberry Towers, Palms Place, Panorama Towers and Allure tied for third place. Each of those buildings recorded 3 closings.

Las Vegas High Rise prices - We did sell three high rise condos priced above $1 Million.Top price was Veer Towers West #2601.Listed at $1,988,888, it sold for $1.835M after 117 days on the market.Second was Waldorf Astoria #2506.Listed at $1.85M, it sold for $1.65M after 168 days on the market.Third was ONE Queensridge Place Building 1, #1203.Listed for $1.299M, it sold for $1.2M after 28 days on the market. 

Price per Square Foot - The three highest prices per square foot were all in the CityCenter complex.Top price was Waldorf Astoria #2506.This 1675 sf residence was sold as an unfinished “grey shell”.It closed at $985/sf.

Second highest price per square foot was Veer Towers West #2601.This one closed at $879/sf.Vdara #16040 closed at $594/sf. 

Lowest Price - Once again, Allure took the prize for lowest price.Unit 803 was listed for $219,900.It closed for $212K with 28 days on the market.Also at Allure, #2112 was listed for $219,880 and closed for $217K after 87 days on the market.Trump was third with #2415.Listed for $225K the studio sold for $220K after 34 days on the market. 

Lowest Price Per Square Foot - Allure had the lowest price per square foot in February.Unit 2112 closed at $223/sf.Turnberry Place Tower 1, #2104 was close behind at $227/sf.Newport Lofts #1211 came in third at $232/sf. 

Las Vegas High Rise News - January 2019