High Rise News

Latest info about the Las Vegas high rise market.  Includes how many condos are listed for sale, how many sold the past month and where prices are headed.

Found 47 blog entries about High Rise News.

Las Vegas High Rise News - October 2018

Buyers have 343 options available in our top high rise buildings.  That’s a jump from 320 last month but lower than the 363 luxury condos in our top building last year.

We sold 70 high rise condos in our top buildings last month.  That’s up from 54 last month but lower than the 83 we averaged over the three months of Summer.  It ties the 70 units sold in October 2017.

Top Selling High Rise Buildings in OctoberJuhl led our high rise buildings with 13 units sold.  All but one of the 13 units sold were developer units that sold with zero days on the market.  MGM Signature was second with 11 units sold.  Third place was ONE Las Vegas with 7 closings.  Five of those seven were previously unsold

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Las Vegas Luxury High Rise Condos Sold in February 2016

Las Vegas Luxury High Rise CondosMarch has started off with 554 options for Las Vegas high rise buyers.  This is the third month in a row where the inventory of listings in our high rise buildings has increased.  It’s up from 529 last month, 500 the month before and 549 in December.  At this time last year, we had 516 options available. 

The MLS includes some but not all the “developer” units.  Our sales rep at Veer Towers tells us they only have 15% of their inventory remaining.  Veer Towers sold 115 condos in 2015.  At that rate, the sales office could be out of inventory by the end of this year.  We expect Veer and South Strip properties to see increased demand after T Mobile Arena opens next month.  Buyers who want to call

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Las Vegas Luxury High Rise Condos - What SOLD in January 2016

We’re starting February with 529 condos available in Las Vegas top high rise buildings.  That’s up from last month’s 500 and up from 480 a year ago.  

The current options include ten short sales and six foreclosures.  The lowest price for a short sale is a one bedroom condo at Panorama Towers.  Unit 702 in Tower 2 is listed for $189,888.  The most expensive short sale is unit 3303 at Turnberry Place Tower 2.  This 4007 sf residence is listed at $1.35M.  Bottom price for a foreclosure is unit 409 at Allure.  The one bedroom condo is listed for $164,900.  Most expensive foreclosure is unit 1204 at ONE Queensridge Place Tower 2.  The 3100 sf residence is listed for $1.65M.  It sold for

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Las Vegas High Rise Condos For Sale

As we enter 2016, we find 500 condos listed for sale in Las Vegas' top high rise buildings.  Down from 549 last month but up from the 441 this time in 2014.  

Nine of the current high rise listings are short sales.  Seven are foreclosed properties.  The foreclosures include two units at Allure, two at SKY, two at Palms Place and one at Metropolis.  The short sales include two at SOHO Lofts and Panorama Towers.  You'll find one each at Turnberry Place, Allure, Trump, MGM Signature and Palms Place.

Bargain Hunters will find nine options priced at less than $200/sf.  Unit 803 at Metropolis continues to claim the lowest price per square foot at $146/sf.  This one is a foreclosure that has been listed for 144 days.

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Las Vegas High Rise Condos For Sale

Las Vegas High Rise Condo buyers have 549 condos listed for sale in our top buildings.  Basically the same as last month's 545.  Last year at this time we were down to 453 luxury condos for sale.  Some of this is due to the "developer" units that have come on the market.  You'll find them at Palm's Place, Veer Towers, The Ogden and Turnberry Towers.  It would be worse if The Martin and Allure hadn't sold all their developer units.  

The Ogden Las Vegas Condos For SaleSeven of today's listings are short sales.  This includes a 1 bedroom unit in Tower 2 at Panorama Towers that's listed for $200K.  It also includes unit 3304 in Tower 3 at Turnberry Place.  This 4103 sf, 3 bed, 4 bath residence is listed for $1.35M.  The sellers purchased the home as a

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Las Vegas High Rise Condos For Sale

Las Vegas High Rise Condos For SaleThe Las Vegas high rise market offers 545 luxury condos for today's buyers.  Up from 530 last month and 495 the month before.  The jump in inventory is stunning when compared with November 2014.  Last year we only had 433 condos listed for sale in our luxury high rise buildings.  Why the drastic jump over last year?  Much of this is due to developer units at a few of the towers that were shadow inventory last year.  They didn't show up in the MLS until this year when the developers started marketing them again.

We have five short sales included in the current high rise condos for sale.  This includes a studio unit at Trump Tower for $200k.  A one bedroom unit at Panorama Towers is also listed for $200K.  Of

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Las Vegas High Rise Condos For Sale

Las Vegas High Rise CondosToday's high rise buyers have 530 choices in the top Las Vegas High Rise communities.  Up from last month's selection of 495 units.  That also signals the end of a four month pattern of declining inventory in our high rise market.  It's a noticeable increase over October 2014.  At that time we found 425 luxury high rise condos listed for sale.  

Some of this is due to Palm's Place and Veer Towers' developer units coming on the market.  The units were there last year but not yet listed.  A shadow inventory of sorts in the high rise market.  We have 59 condos listed in Palms Palce.  Veer Towers offers 58 units for sale.

Six of the current high rise listings are short sales and six of them are foreclosures.

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Newport Lofts Luxury Loft Style CondoAs seen on FOX News, "The Property Man" Show, this contemporary loft style condo can be yours.  Enjoy the great location near all  the excitement of the Downtown Las Vegas scene.  Walking distance to the thriving Arts District and First Friday.  Convenient to the Premium Outlet Mall, World Market Center and The Smith Center.  The area is attracting lots of trendy new restaurants and clubs.  There's always the excitement of Fremont Street.

Newport Lofts has established itself as THE place to call home.  It's perfect for anyone who enjoys a great location with terrific amenities.  The building boasts one of the nicest rooftops in all our Las Vegas high rise buildings.  

  • Enjoy the rooftop pool with views of the Red Rock Mountians and the Strip.  
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Luxury High Rise Condos For Sale in Las Vegas

Today's high rise buyers have 495 options available.  Down slightly from the 521 units listed last month.  And the fourth month with a decline in high rise condos listed for sale.  It's still higher than the 424 high rise listings from a year ago.

Three of the current listings are short sales.  Six of them are foreclosures.  Lowest priced foreclosure continues to be unit 2319 at Palms Place.  This studio unit has been listed for 215 days with an original starting price of $199,000.  The price dropped to $155K yesterday.  Highest priced foreclosure is unit 803 at Metropolis.  The 2732 sf unit features 2 beds and 2 baths in 2 stories for $467K.  

Las Vegas High Rise Condos For SaleWhere are the bargains?  Lowest prices per square foot

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Las Vegas Luxury High Rise Condos For Sale

Las Vegas Luxury High Rise Condos For SaleWe continue to see a large selection of high rise condos available in Las Vegas finest buildings.  There are 521 luxury condos currently listed for sale.  That's the third month of a steady decline.  It was 531 last month and 534 the month before.

Short sales are involved in 8 of the high rise listings.  Foreclosures in 4 of them.  Lowest priced foreclosure high rise is a studio at Palms Place.  Unit 2319 is listed for $164,500.  It's been listed for 179 days with an original price of $199K.

Bargain prices can still be found.  At Allure there are six units listed for less than $200/sf.  Turnberry Place, Tower 1 has a 2050 sf unit listed for $200/sf.  These are the same units mentioned in last month's

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