If you’re looking for a luxurious high-rise condo in Las Vegas, you’re in luck. The market trends for 2024 show a balance, giving you more choices than ever. The latest data shows 427 luxury condos for sale, up from 402 last month and 262 last year.
Though sales have dropped slightly, with 35 condos sold in September, the more condos available means more chances for buyers. The most popular buildings include Signature at MGM, Palms Place, and Trump. These are condotels, great for those who want short-term rentals.
The Las Vegas high-rise condo market is changing, and staying updated is key. Whether you’re looking to buy or just curious, this info helps you make a smart choice. It’s all about finding the right place to call home.
Luxury High-Rise Condo Options in Las Vegas
Las Vegas has a wide range of high-rise condo investment opportunities. These options fit different tastes and budgets. The city’s high-rise condos are among the best in the world.
Diverse Portfolio of High-Rise Buildings
The downtown area is home to famous spots like CityCenter. It includes Veer Towers, Vdara, and the Waldorf Astoria. These places offer top-notch amenities, stunning views, and easy access to the Strip.
From Iconic Strip Towers to Exclusive Communities
Las Vegas also has high-rise communities in Summerlin and Henderson. These areas offer a quieter, more exclusive lifestyle. Yet, they’re still close to the city’s main attractions. They provide a variety of luxury condo options for different tastes and budgets.
| High-Rise Building | Price Range | Unique Features |
|---|---|---|
| Turnberry Towers | $477,000 – $900,000 | Panoramic views, resort-style amenities, 24-hour security |
| Panorama Tower Phase III | $790,000 | Modern architecture, high-end finishes, impressive skyline vistas |
| Trump International Hotel & Tower | $325,000 | Iconic brand, luxury lifestyle, access to Las Vegas Strip |
Looking for the Strip’s buzz or a quiet community? Las Vegas has the best high-rise condos for any lifestyle or investment goal.
Las Vegas High-Rise Sales: Current Trends
The las vegas high-rise condo rental market has seen some ups and downs. The number of condos for sale has gone up, but sales have slightly dropped. In September 2024, only 35 condos were sold in the top high-rise buildings, down from 60 in August and 64 in September 2023.
This trend is not uncommon. The las vegas high-rise condo market outlook has seen both highs and lows over the past year. Most months have seen between 52 to 60 sales.
Despite the ups and downs, the high-rise rental market in Las Vegas is still strong. The condotel concept is popular among buyers looking for a short-term rental option. Overall, the buying a high-rise condo in las vegas 2024 is expected to offer balanced opportunities for buyers and investors.
- The number of condos for sale has increased, but the sales volume has experienced a slight decline.
- The high-rise rental market in Las Vegas remains strong, with the condotel concept continuing to appeal to buyers.
- The Las Vegas high-rise condo market is expected to maintain a balanced outlook in 2024, offering opportunities for both buyers and investors.
The Las Vegas high-rise condo market is always changing. It shows the city’s dedication to modern design and green living. For those looking to buy a high-rise condo in las vegas 2024, there are many luxury options. From famous Strip towers to exclusive communities, there’s something for everyone’s lifestyle and investment goals.
Top-Selling High-Rise Condo Buildings
In Las Vegas, a few high-rise condos stand out for their sales. The Signature at MGM, Palms Place, and Trump Towers are among the most sought-after. Last September, five condos sold in each building.
These condos are popular because they offer a unique chance to earn rental income. The “condotel” model is a big reason why buyers are drawn to them. It’s a smart way to invest and make money.
Other top performers include ONE Queensridge Place, Turnberry Place, and The Ogden. They’ve seen a lot of sales lately. These condos have great amenities like pools, gyms, and 24-hour security.
The las vegas strip high-rise condos for sale market is booming. High-rise living in Las Vegas is very appealing. Whether it’s on the Strip or in the suburbs, there’s a condo for everyone.
las vegas high-rise condos: Price Dynamics
The current prices of high-rise condos in Las Vegas vary widely. In September 2024, six condos sold for over $1 million. The most expensive was a $1.4 million unit at Veer Towers East. On the other end, a Palms Place unit sold for $250,000.
The las vegas high-rise condo investment opportunities are also varied. The most expensive per square foot was at CityCenter, with a Vdara unit selling for $1,337.15. Meanwhile, the lowest was $282.73 per square foot at ONE Las Vegas.
| Building | Highest Price | Lowest Price | Highest Price per Sq Ft | Lowest Price per Sq Ft |
|---|---|---|---|---|
| Veer Towers East | $1,400,000 | – | $1,337.15 | – |
| Palms Place | – | $250,000 | – | $282.73 |
| ONE Las Vegas | – | – | – | $282.73 |
These prices show the wide range of options in the las vegas high-rise condo market. They appeal to both those looking for luxury and those on a budget.
Affordable High-Rise Condo Options
The Las Vegas high-rise condo market is known for luxury. But, there are also affordable choices for those looking to invest in las vegas high-rise condo investment opportunities or buying a high-rise condo in las vegas 2024.
Entry-Level Prices and Budget-Friendly Alternatives
In Las Vegas, you can find budget-friendly high-rise condos. Places like Palms Place and Trump offer units starting at $250,000. These prices make it easier for first-time buyers or those looking for las vegas high-rise condo investment opportunities.
Also, ONE Las Vegas and SOHO Lofts have units under $300 per square foot. These options are great for buying a high-rise condo in las vegas 2024. They appeal to a broader range of buyers and investors.
| High-Rise Condo Complex | Price Range | Unique Features |
|---|---|---|
| Palms Place | $250,000 – $500,000 | Spa-inspired amenities, celebrity-chef restaurant |
| ONE Las Vegas | $200,000 – $300,000 | Suburban living with easy access to the Strip |
| SOHO Lofts | $150,000 – $300,000 | Urban living experience in downtown Las Vegas |
These affordable high-rise condos offer a great starting point. They are perfect for those wanting to buy a high-rise condo in las vegas 2024. They also provide las vegas high-rise condo investment opportunities in the market.
Investment Potential: Las Vegas High-Rise Market
The Las Vegas high-rise condo market offers great investment opportunities for smart buyers. The market’s balance, potential for rental income, and growth prospects are key. These factors shape investment choices in the las vegas high-rise condo market outlook.
Factors Influencing Investment Decisions
As more high-rise condos come on the market, investors see good chances to buy and profit. Las Vegas’s appeal as a tourist and lifestyle spot also boosts the las vegas high-rise condo investment opportunities. This makes it a solid choice for those looking to invest in real estate.
Long-Term Growth Prospects
The National Association of Realtors (NAR) says 700,000 condos were sold in the US in February 2021. This is a 6.6% drop from January but a 18.6% jump from 2020. Median condo prices went up by 12.3% from last year, showing growing demand.
In Las Vegas, condo sales hit $158 million in February 2021, up 26.5% from the year before. More people are choosing luxury condos for investment, hoping for quick and high returns. They also offer a chance to own a home without the upkeep of single-family homes, often at a lower cost.
High-rise condos in Las Vegas provide unique living experiences with shared amenities and professional management. The city’s high-rise market is growing, making the las vegas high-rise condo investment opportunities and las vegas high-rise condo market outlook promising for those wanting urban excitement and easy living.
Conclusion
The las vegas high-rise condo market is changing, moving from a seller’s market to a balanced one. This change brings both chances and hurdles for buyers and investors. With more luxury condos available, sales have slowed a bit, showing a more careful pace.
Yet, the market still has a wide range of choices. From famous Strip towers to private communities, there’s something for everyone. This variety meets different tastes and budgets.
As the las vegas high-rise condo market trends 2024 keep changing, it’s smart to keep up with the latest. This knowledge helps make smart choices, whether you’re buying your first condo or investing. Buying a high-rise condo in las vegas 2024 is a chance to find your dream home or a great investment in this lively market.
