insight L U X U R Y
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A B O U T I N S I G H T LU X U R Y R E P O R T At Las Vegas Sotheby’s International Realty, we are delighted to provide you with the latest updates and insights into the luxury real estate market in Las Vegas and its surrounding areas for 2024. Our commitment to staying at the forefront of real estate trends and developments allows us to offer you valuable information to guide your decisions. Our 2024 report is a culmination of extensive local real estate knowledge and a thorough analysis of market data, ensuring that we deliver the most pertinent insights for our clients. We understand that staying informed is crucial in making well-informed decisions, and our report is designed to keep you up-to-date with the ever-changing dynamics of the region's real estate market. We are excited to highlight the vibrant growth of Las Vegas and the emergence of new developments and neighborhoods in the city. This expansion brings numerous opportunities for our clients to make wise investments in the luxury real estate market. We are dedicated to providing you with a comprehensive understanding of these
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M A N AG I N G B R O K E R S Thomas Marsaw Robyn Yates-Gajjar
developments and how they can impact your real estate ventures.
ART DIRECTION Las Vegas Sotheby’s International Realty takes pride in being part of a global luxury brand, present in 88 countries, with a network of over 26,500 associates across 1,075
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offices. This global reach affords us the unique ability to provide you with unparalleled talent and marketing expertise, setting us apart from others in the industry. Whether you are interested in gaining insights into current market conditions or contemplating the sale of your property, we invite you to get in touch with us. Our team at Las Vegas Sotheby’s International Realty is here to assist you in any way we can, ensuring that your real estate endeavors are met with success. Thank you for considering Las Vegas Sotheby’s International Realty as your trusted partner in navigating the luxury real estate market of Las Vegas and its environs. We look forward to serving you and exceeding your expectations in 2024.
Las Vegas Sotheby’s International Realty publishes Insight, a luxury market report magazine each quarter. All materials are copyrighted and can not be reprinted or duplicated without permission, including photographs, artwork, designs and text. The publication is distributed without charge to readership throughout Southern Nevada. Additional copies and advertising information can be requested by contacting Las Vegas Sotheby’s International Realty. 8548 Rozita Lee Ave, 100, Las Vegas, NV 89113
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702.360.1414
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insight@lasvegassir.com
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®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned And Operated By NRT Incorporated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. * All information from sources deemed to be reliable although not warranted or guaranteed by or Sotheby’s International Realty® All information from sources deemed to be reliable although not warranted or guaranteed by or Sotheby’s International Realty® Data pulled from MLS as of July 5, 2023.
4 SUMMERLIN
10 LAS VEGAS
14 HENDERSON
20 BOULDER CITY
22 VERTICAL VEGAS
INSIGHT 2023 YEAR END
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Summerlin Communities
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BELLACERE # of Transactions Average Sales Price Average Price per SF Average Days on Market
CANYON FAIRWAYS 2022 1 $3,135,000 $550 20
2023 6 $2,822,292 $417 43
CHANGE 500% -10% -24% 113%
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 16 $1,756,024 $397 44
2023 23 $1,884,826 $407 49
CHANGE 44% 7% 3% 11%
Bellacere is a truly intimate community filled with a wealth of green spaces, which only fifty-four families can enjoy. Designed in a way so that most of the residences of Bellacere are situated far from the exterior boundaries, gives Bellacere a quiet, small town feel while outside the walls, a host of amenities and conveniences await in the master-planned community of Summerlin.
Appropriately situated for luxury and appropriately named for its convenience as it backs up to Tournament Players Club Las Vegas, a public golf course Golf Digest described as, “one of the best.” Pass through the 24-hour guard gated entrance and discover lavish homes set against amazing views of the Las Vegas Valley.
COUNTRY CLUB HILLS
MESA RIDGE
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 10 $2,988,000 $367 59
2023 7 $1,523,307 $380 54
CHANGE -30% -49% 3% -8%
Set along the Tournament Players Club Summerlin Golf Course, Country Club Hills is a collection of 170 semi-custom homes by one of Las Vegas’ most sought after, high-end builder, Christopher Homes.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 6 $2,636,683 $695 32
2023 12 $2,339,492 $614 60
CHANGE 100% -11% -12% 86%
Mesa Ridge is nestled against Spring Mountain, providing unobstructed views. With 3 collections of uniquely modern homes, Toll Brothers home designs and numerous amenities, this exclusive, gated community offers a modern lifestyle. Location near the 215 beltway and shopping, dining, entertainment and top-rated Summerlin private and public schools. INSIGHT 2023 YEAR END
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SUMMERLIN COMMUNITIES
MOUNTAIN TRAILS # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 3 $3,625,000 $495 34
PALISADES 2023 3 $2,041,667 $370 59
CHANGE 0% -44% -25% 75%
2022 11 $1,428,227 $361 22
2023 15 $1,479,264 $350 62
CHANGE 36% 4% -3% 175%
A community within a community, Mountain Trails resides in The Trails section of the master-planned community of Summerlin, long recognized as the pinnacle of Las Vegas living. Life at Mountain Trails begins by passing through the guard-gated entrance and takes residence on a path of unmatched possibilities.
As its name implies, Palisades is a distinctive barrier to the common world. Drive through the guard-gated entrance and you’ll leave the world behind. Situated along the Tournament Players Club Las Vegas Golf Course, Palisades provides an elevated sense of living and the views of the Las Vegas valley and the Canyon Fairways accentuate that feeling.
RED ROCK COUNTRY CLUB
REGENCY AT SUMMERLIN
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 64 $1,995,953 $474 41
2023 46 $1,793,252 $496 45
CHANGE -28% -10% 5% 9%
Set in the master-planned community of Summerlin, Red Rock Country Club is one of the most exclusive addresses in the valley. Possessing not one but two signature Arnold Palmer golf courses, the private Mountain Course and the public Arroyo Course. The nearby Red Rock State Park provides inspiring natural beauty.
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# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 24 $1,026,998 $496 56
2023 32 $792,109 $425 87
CHANGE 33% -23% -14% 55%
Regency at Summerlin offers a luxurious lifestyle in an awardwinning, staff-gated community with single-story homes, sprawling grounds, and resort-style amenities. Residents enjoy 24-hour access to a private clubhouse, fostering a low-maintenance living experience that allows time for thier passions, lasting friendships, and explore various recreational opportunities.
REVERENCE # of Transactions Average Sales Price Average Price per SF Average Days on Market
SIENA 2022 37 $1,298,683 $421 36
2023 27 $1,099,319 $393 34
CHANGE -27% -15% -7% -5%
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 78 $699,992 $357 21
2023 108 $624,833 $324 49
CHANGE 38% -11% -9% 134%
Reverence is an esteemed multiple-award winning Summerlin community. Meticulously designed for the ultimate in contemporary living, Reverence offers a diverse collection of new homes and world-class Clubhouse behind the security of a 24-hour guarded gate, all in an unparalleled, elevated setting along the border of famed Red Rock Canyon.
Scenic active adult community nestled against the Spring Mountain range, featuring stately palms and lakeside views. The 18-hole Siena Golf Course, designed by Schmidt-Curley, offers a balanced blend of doglegs, fairways, and green complexes for an ideal golfing experience.
SPANISH TRAILS
SUN CITY SUMMERLIN
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 90 $904,955 $318 33
2023 100 $898,586 $308 56
CHANGE 11% -1% -3% 68%
Spanish Trail, the first staff-gated community in southwest Las Vegas, established in the 1980s, is now a premier community surrounding the Spanish Trail Country Club. This private golf course, designed by Robert Trent Jones Jr., features 27 holes and water features.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 556 $500,947 $312 27
2023 546 $457,176 $285 48
CHANGE -2% -9% -9% 81%
Sun City Summerlin, an active adult community, is just a short distance from the vibrant downtown Las Vegas and the iconic Strip. As part of the well-planned Summerlin community on the western edge of Las Vegas, this established neighborhood features treelined streets, excellent shopping, high-quality restaurants, and acclaimed resorts, casinos, and spas. INSIGHT 2023 YEAR END
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SUMMERLIN COMMUNITIES
THE PASEOS
THE CLIFFS # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 62 $1,192,473 $387 25
2023 40 $974,758 $339 72
CHANGE -35% -18% -12% 189%
2022 183 $947,723 $332 27
2023 151 $919,217 $324 39
CHANGE -17% -3% -2% 48%
The Cliffs, a new village at the southern base of the Spring Mountains, covers 450 acres with residential options. Set against a dramatic ridgeline, it offers amenities like Shelley Berkley Elementary School, Faiss Middle School, Bishop Gorman High School, Faiss Community Park, Wet ‘n’ Wild water park, and Aquatic Springs Indoor Pool.
The Paseos borders Red Rock Canyon, and features a huge paseo trail system that runs the entire length of the village. This is one of Summerlin's most popular communities. The Paseos has a fantastic park with soccer, t-ball, water play area, picnic pavilions and more.
THE RIDGES
THE SUMMIT CLUB
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 52 $4,410,865 $717 47
2023 53 $4,343,688 $716 62
CHANGE 2% -2% 0% 32%
This private reserve of luxury homes, situated on 800 acres in the master-planned community of Summerlin, is recognized as one of the most exclusive neighborhoods in the country. The Ridges presents stunning views of the Las Vegas Strip to the east, while on its western border lies the surreal beauty of the Mojave Desert’s Red Rock Conservation Area. 8
# of Transactions Average Sales Price Average Price per SF Average Days on Market
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# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 2023 1 3 $18,950,000 $15,750,000 $2,010 $2,642 196 176
CHANGE 200% -17% 31% -10%
Nestled between Red Rock Canyon and the Las Vegas Strip, The Summit Club is the city's only private residential lifestyle community. Residents enjoy five-star amenities, a championship golf course, outdoor activities, and unique culinary offerings. From custom estate homesites to well-appointed residences, The Summit is the ultimate luxury escape.
TOURNAMENT HILLS # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 5 $3,730,000 $516 107
VINEYARDS 2023 4 $4,275,000 $458 81
CHANGE -20% 15% -11% -24%
Tournament Hills in Summerlin is a highly coveted address, centered around the renowned Tournament Players Club Summerlin where Tiger Woods secured his first professional victory. Known for luxury and opulence, the custom-designed residences range from classic to contemporary styles.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 -
2023 1 $2,000,000 $497 71
CHANGE -
The residences at Vineyards are for those seeking to elevate their lifestyle. Set amongst gently rising hills, The Vineyards represents the best semi-custom living has to offer. The community is highlighted by terraced walkways winding through green spaces and leading to three separate private squares with relaxing water features.
WILLOW CREEK # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 2 $2,868,500 $498 5
2023 5 $1,878,500 $404 79
CHANGE 150% -35% -19% 1651%
There are 3 subdivisions within the gate: Eden Ridge which is a single story only neighborhood offering a semi custom product; Heritage Glen and Wood Glen offering larger tract homes; and finally a separate gated custom community within the Willow Creek guard gate known as Willow Falls.
INSIGHT 2023 YEAR END
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Las Vegas Communities
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CANYON GATE COUNTRY CLUB # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 18 $1,211,667 $356 37
2023 23 $1,169,678 $327 37
DESERT SHORES CHANGE 28% -3% -8% -1%
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 128 $623,747 $265 23
2023 102 $586,933 $258 37
CHANGE -20% -6% -3% 59%
Canyon Gate Country Club offers terrific views and challenging play for golfers at every skill level. Well-groomed fairways and greens keep Canyon Gate Country Club difficult yet friendly, and the staff can offer tips and tricks for playing your best round..
The Desert Shores is a master-planned, resort-style community located in the shadow of the foothills of northwest Las Vegas and was developed in 1988 and includes 22 different residential neighborhoods, including condominiums, single family homes and large custom homes behind private gates. All of the lakefront homes have direct access to the lakes and the option of private docks.
LAS VEGAS COUNTRY CLUB
QUEENSRIDGE
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 28 $803,036 $293 20
2023 20 $649,300 $295 38
CHANGE -29% -19% 1% 90%
Established in 1967 at the heart of Las Vegas, the Las Vegas Country Club stands as the city's oldest Country Club. Despite the city's penchant for demolishing and rebuilding, this elite, members-only club has stood the test of time. The Ed Ault-designed golf course, accompanied by indoor tennis courts, a lap pool, a fitness center, a driving range, and more, contributes to its enduring appeal.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 36 $1,225,331 $279 50
2023 33 $1,119,724 $280 49
CHANGE -8% -9% 1% -2%
Queensridge is an upscale community located on the west side of Las Vegas just east of Summerlin. This highly sought after community is comprised of about 800 acres of luxury living. As a part of the Peccole Ranch development, the architecture harkens back to a European Countryside theme.
INSIGHT 2023 YEAR END
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L A S V EG A S C O M M U N I T I E S
SCOTCH EIGHTY # of Transactions Average Sales Price Average Price per SF Average Days on Market
SECTION 10 2022 6 964833 260.98 29
2023 10 1360350 318.59 64
CHANGE 67% 41% 22% 121%
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 35 $985,640 $277 33
2023 32 $1,132,965 $286 64
CHANGE -9% 15% 3% 91%
Scotch Eighty in Las Vegas features vintage homes with unique histories, once belonging to celebrities like Jerry Lewis and Holly Madison. Known for its character and historic charm, this neighborhood, dating back to the 1950s (though construction started in 1913), remains popular, conveniently close to the Las Vegas Strip.
The Section 10 community sits on the west side of Las Vegas and received its name from its legal designation. Bordered by Desert Inn, Buffalo, Sahara and Rainbow Boulevard, this unique community contains only custom Las Vegas homes on half-acre or larger lots. There are no association fees except in some of the gated cul-desacs. Conveniently located with easy access to the Strip and airport.
SECTION 11
SOUTHERN HIGHLANDS GOLF CLUB
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 130 $405,584 $246 28
2023 92 $427,736 $235 46
CHANGE -29% 5% -4% 67%
The Section 11 community, much like its adjacent section - Section 10, sits on the west side of Las Vegas and received its name from its legal designation. This unique community contains only custom Las Vegas homes on half-acre or larger lots. There are no association fees except in some of the gated cul-de-sacs. Conveniently located with easy access to the Strip and airport.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 36 $2,347,583 $458 54
2023 29 $2,537,517 $509 58
CHANGE -19% 8% 11% 7%
Living in Southern Highlands means one of the nation’s top private golf courses is just steps from your house. This community of custom homes takes full advantage of the surrounding mountain terrain and the finely manicured fairways with picturesque water features.
SPANISH HILLS # of Transactions Average Sales Price Average Price per SF Average Days on Market
THE LAKES 2022 6 $3,624,000 $392 53
2023 8 $2,833,750 $395 58
CHANGE 33% -22% 1% 10%
Spanish Hills, renowned for its celebrity, business, and pro-athlete residents, features expansive lots and custom homes worth millions. Enjoy tranquility and stunning views of Red Rock Canyon National Park and The Strip. Residents can relish a recreation park and private tennis courts, with convenient access to highways, shopping, and malls just minutes away.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 218 $523,890 $256 23
2023 182 $527,552 $251 33
CHANGE -17% 1% -2% 46%
The Lakes is a 2-square-mile master-planned community in Las Vegas, situated in the western part of the Las Vegas Valley near the Spring Mountains and Red Rock Canyon National Conservation Area. With mature greenbelts, man-made lakes, well-kept walking trails, and diverse water sports, residents can choose from various housing options, such as lakefront condominiums and estates.
2023 Best Luxury Real Estate Company 2023 Best Real Estate Company
Henderson Communities
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ANTHEM COUNTRY CLUB # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 100 $1,649,318 $434 31
ASCAYA 2023 68 $1,451,613 $381 49
CHANGE -32% -12% -12% 59%
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 6 $6,758,333 $1,030 127
2023 8 $9,118,750 $1,139 165
CHANGE 33% 35% 11% 30%
Nestled in the foothills of Black Mountain, Anthem Country Club is the pinnacle of living in the master-planned community of Anthem. Meandering along the golf course, Anthem Country Club is a collection of upscale tract and custom homes amongst almost 5,000 acres of beautifully landscaped homes with a three-mile walking loop.
Ascaya stands out with its unparalleled views of the Strip and an array of contemporary desert homes. This exclusive community presents a range of upscale amenities and activities, carefully crafted to promote connectivity and offer meaningful experiences. At the heart of the community is a vibrant 23,000 square foot clubhouse, serving as the central hub for social activities.
LAKE LAS VEGAS
GRAND LEGACY
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 218 $893,104 $358 45
2023 253 $827,049 $328 70
CHANGE 16% -7% -8% 56%
If there is one place to be a world away in the desert, that place could only be Lake Las Vegas. Surrounding a 320-acre shimmering lake, the resort community of Lake Las Vegas flawlessly blends luxury residential living with the finer aspects of commercial enticements and golf only minutes from Las Vegas.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 32 $833,162 $270 27
2023 36 $855,562 $255 49
CHANGE 13% 3% -5% 82%
In the picturesque Green Valley, Legacy development offers diverse single-family homes against a backdrop of lush landscapes and mountain vistas. Nestled around the Legacy Golf Course, residences are strategically placed alongside fairways and putting greens. Serene walking trails weave through the community for leisurely strolls. INSIGHT 2023 YEAR END
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HENDERSON COMMUNITIES
MACDONALD HIGHLANDS # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 51 $3,587,507 $596 65
QUAIL RIDGE ESTATES 2023 46 $3,759,517 $686 94
CHANGE -10% 5% 15% 45%
2022 4 $1,682,500 $287 56
2023 4 $1,410,000 $282 19
CHANGE 0% -16% -2% -67%
As master listing agents for MacDonald Highlands, our office within DragonRidge Country Club provides unique insight into the local market. Nestled in the foothills of the McCollough Mountains on the southern edge of the Las Vegas valley in Henderson, MacDonald Highlands is a uniquely luxurious community home to the lavish DragonRidge Country Club.
Quail Ridge is a gated community located within The Arbors in Summerlin. This single family home community was built by Woodside Homes in the late 1990s. Residents can enjoy the nearby recreation including The Arbors Paseo Park and the Arbors Tennis and Play Park.
ROMA HILLS
SEVEN HILLS
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 5 $2,525,800 $445 40
2023 13 $1,999,538 $348 78
CHANGE 160% -21% -22% 95%
Roma Hills is a guard gated community surrounded by the Black Mountains. This private community offers easy access to nearby shopping and amenities found throughout Green Valley and Henderson. It's also located just 15 minutes away from the world famous Strip.
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# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 170 $963,061 $299 33
2023 120 $969,070 $292 47
CHANGE -29% 1% -2% 43%
Seven Hills, a master-planned community, rests against the McCollough mountain range, showcasing diverse architecture from classic Tuscan to modern design. Elevated for stunning views of the Las Vegas Valley, it houses the renowned Rio Secco golf course by Rees Jones.
THE CLUB AT MADEIRA CANYON # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 47 $994,655 $304 24
2023 21 $964,381 $290 56
THE FOUNTAINS CHANGE -55% -3% -5% 136%
The Club at Madeira Canyon is a guard gated community, located within the larger Madeira Canyon master plan. You can expect privacy as well as incredible views of the surrounding mountains and easy access to lifestyle amenities at the clubhouse. You also have access to the outdoor amenities that include several miles of walking trails, sports fields and more.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 17 $1,547,059 $320 30
2023 11 $1,349,995 $299 33
CHANGE -35% -13% -7% 13%
Known as one of the most prestigious addresses in the masterplanned community of Green Valley in the Las Vegas suburb of Henderson, The Fountains community is an unexpected gem in the desert. Enjoying large, open lawns and tree-canopied streets, The Fountains is reminiscent of an east coast neighborhood.
LUXURY LAKESIDE LIVING REDEFINED AT LAKE LAS VEGAS
Unparalleled Lake Access. Ultra Modern Architecture. Lake Las Vegas Lifestyle. This is The Island, the ultimate in lakeside living at Lake Las Vegas. All custom lots feature lakefront access and breathtaking views. Get away from it all and start your life on The Island at Lake Las Vegas.
T O L E A R N M O R E A B O U T T H I S O N C E I N A L I F E T I M E O P P O R T U N I T Y, V I S I T T H E L A K E L A S V E GA S R E A L ES TAT E I N F O R M AT I O N O F F I C E
2030 Lake Las Vegas Pkwy | Open Daily 10am to 5pm | 702.497.0300 | lasvegassir.com ®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Oppor tunity Company. Equal Housing Oppor tunity. Each Office Is Independently Owned And Operated, Except Offices Owned And Operated By NRT Incorporated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. * All information from sources deemed to be reliable although not warranted or guaranteed by Sotheby’s International Realty® S.0074661
DISCOVER
THE ISLAND LUXURY LAKESIDE LIVING REDEFINED AT LAKE LAS VEGAS
CUSTOM WATERFRONT LOTS NOW AVAILABLE
U N PA R E L L E D L A K E AC C E S S . U LT R A M O D E R N A R C H I T E C T U R E . L AKE L AS VEGAS LI FEST YLE .
Boulder City Overview
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 302 $508,234 $279 33
2023 239 $475,768 $261 52
CHANGE -21% -6% -6% 58%
Boulder City, established for Hoover Dam laborers, emanates small-town charm just 20 miles from the Las Vegas strip. Originating in the 1930s, its relaxed atmosphere is rooted in its exclusive purpose of housing workers for the Hoover Dam on the Colorado River. Notably, the hard hat was developed here in 1933 for the safety of Hoover Dam workers.
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Pahrump Overview
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 573 $393,389 $204 34
2023 442 $363,397 $192 59
CHANGE -23% -8% -6% 74%
Pahrump, Nevada, a growing community west of Las Vegas, surrounded by the Spring Mountain range, is known for its prime location near Las Vegas and Death Valley National Park. The urban landscape along Highway 160 includes lively casinos and popular spots like the Pahrump Valley Winery. The scenic countryside, now a hub for RV rallies, features facilities like the Mountain Falls Golf Club.
INSIGHT 2023 YEAR END
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V E R T I C A L
L A S
V E G A S
1
ONE QUEENSRIDGE PLACE
12
REGENCY TOWERS
2
ONE LAS VEGAS
13
METROPOLIS
3
NEWPORT LOFTS
14
TRUMP RESIDENCES
4
THE OGDEN
15
PARK TOWERS
5
JUHL
16
THE MARTIN
6
SOHO LOFTS
17
VDARA
7
PALMS PLACE
18
VEER TOWERS
8
ALLURE
19
PANORAMA TOWERS
9
SKY LAS VEGAS
20 WALDORF-ASTORIA
10
TURNBERRY TOWERS
21
11
TURNBERRY PLACE
1
SUMMERLIN
LAS VEGAS
SIGNATURE MGM
2
LAS VEGAS ATTRACTIONS
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A
MGM GRAND
B
T-MOBILE ARENA
C
THE COSMOPOLITAN OF LAS VEGAS
D
BELLAGIO
E
CAESARS PALACE
F
FLAMINGO
G
MSG SPHERE
H
MIRAGE
I
THE VENETIAN
J
WYNN
K
FONTAINEBLEAU LAS VEGAS
L
SAHARA
4
DOWNTOWN LAS VEGAS
5
3 6
8 9
L
K
10
DOWNTOWN LAS VEGAS
11 12
14
13 J I
H E
7
G
15
F
D
16 N
17
19 ALLEGIANT STADIUM
B
THE LAS VEGAS STRIP
C
18 20
21 A
HARRY REID INTERNATIONAL AIRPORT
INSIGHT 2023 YEAR END
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Vertical Las Vegas
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ALLURE LAS VEGAS # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 54 $385,340 $317 35
JUHL 2023 25 $385,656 $312 74
CHANGE -53.70% +0.08% -99.92% -76.28%
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 86 $386,734 $365 20
2023 42 $400,410 $389 49
CHANGE -51% 4% 7% 148%
Allure Las Vegas condos, located between the modern Strip and old Vegas, offer easy freeway access. The 41-story luxury high-rise provides expected amenities and various floor plans. Each unit features stunning views of the Strip, desert, and mountains. Adjacent to the Sahara on the Strip and near MGM Resorts' outdoor space, Allure offers an affordable high-rise option on the iconic Strip.
In the Juhl community, residents experience a seamless blend of home, work, and outdoor living, with exclusive amenities and services. Juhl's Downtown Las Vegas condos provide a unique lifestyle, placing you in the heart of the energy and excitement of Downtown's Business, Arts, and Medical Districts, near the city's iconic destinations.
NEWPORT LOFTS
ONE LAS VEGAS
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 9 $378,750 $333 19
2023 3 $483,333 $339 50
CHANGE -67% 28% 2% 155%
A modern loft oasis in the Arts District of downtown Las Vegas, Newport Lofts is true loft living with spacious open floor plans. This 23 story tower is one of the few that have all the buildings amenities on the roof giving residents incredible Las Vegas Strip and city views. Added amenities include 24 hour doorman, key fob security system, rooftop pool and more.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 30 $460,493 $305 51
2023 25 $404,032 $282 63
CHANGE -17% -12% -8% 24%
One Las Vegas is a condominium property south of the Las Vegas Strip and consists of two 20-story towers. The towers opened in June 2008. Building amenities include a resident gym, pool, hot tub, concierge service, and garage parking.
INSIGHT 2023 YEAR END
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V E R T I CA L L A S V EG A S
ONE QUEENSRIDGE PLACE # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 27 $1,828,241 $564 65
2023 19 $1,671,868 $539 93
PALMS PLACE CHANGE -30% -9% -4% 44%
2022 72 $342,023 $453 50
2023 59 $404,215 $499 66
CHANGE -18% 18% 10% 32%
One Queensridge Place stands as a top luxury residence in Las Vegas with premier amenities, including private lockers in a unique wine cellar, a dining area with a catering kitchen, and a two-car private garage for each residence. The exceptional spa facilities make these High Rise condos distinctive as bespoke homes in the sky.
Palms Place, with a 6th-floor pool, offers an escape in Las Vegas. The pool area features a pool, Jacuzzi, waterfalls, and contemporary decor. Residents access the lobby with bars and restaurants from furnished residences. Ownership includes entry to the "Inner Circle" club for personalized concierge services. The tower allows effortless ownership, with residents generating income through rentals.
PANORAMA TOWERS
PARK TOWERS
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 60 $618,125 $407 42
2023 42 $653,381 $443 71
CHANGE -30% 6% 9% 69%
These two towers overlook the world-class architecture of CityCenter is seeing more attention with the advent of the professional hockey team expansion in the T-Mobile arena and its surrounding restaurant/retail complex, The Park. All these new venues are within walking distance.
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# of Transactions Average Sales Price Average Price per SF Average Days on Market
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# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 2 $1,775,000 $489 115
2023 4 $1,647,500 $587 35
CHANGE 100% -7% 20% -70%
Park Towers Las Vegas, with two 20-story high-rise towers, offers 84 exclusive residences surrounded by elegant gardens and amenities like a private spa, health club, pool, tennis court, screening room, wine cellar, concierge, valet parking, and entertainment facilities. Positioned at the heart of the Strip, it stands as an exclusive address for influential residents.
REGENCY TOWERS # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 23 $510,717 $249 74
SIGNATURE MGM GRAND 2023 19 $557,263 $225 48
CHANGE -17% 9% -9% -35%
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 127 $335,233 $522 48
2023 157 $353,318 $549 59
CHANGE 24% 5% 5% 22%
Regency Towers on the Las Vegas Strip offers a 27-story vintage condo experience. Amenities include concierge service, a gym, and a pool. With its prime location in the Las Vegas Country Club, the high-rise provides breathtaking views of the Strip, golf course, and mountains, making it an ideal choice for those seeking a personalized living space.
MGM Signature continues to be a dominant property of interest in the condo hotel market. It is likely we will continue to see more interest with the new developments surrounding T-Mobile Arena and the arrival of the Raiders.
SKY LAS VEGAS
SOHO LOFTS
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 17 $496,706 $349 38
2023 20 $490,015 $370 86
CHANGE 18% -1% 6% 127%
Sky Las Vegas offers condos from high $100s to $4M+, spanning 776 to 5,300 SF. Tower suites, penthouses, and SkySuites feature luxury upgrades. Amenities include pool, spa, fitness center, business center, screening room, valet parking. Positioned on the Strip, Sky provides immediate access to premier shopping, dining, and entertainment in this 45-story luxury tower.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 10 $487,900 $318 26
2023 6 $400,000 $287 69
CHANGE -40% -18% -10% 171%
In downtown Las Vegas' Arts District, SoHo Lofts, the first high-rise north of Sahara, offers elegant concrete structures with art deco motifs and customizable floor plans. The 112 units feature open layouts and stunning city/mountain views. The rooftop pool deck provides a romantic evening spot, and SoHo Lofts continues to be an iconic presence in downtown redevelopment. INSIGHT 2023 YEAR END
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V E R T I CA L L A S V EG A S
THE MARTIN # of Transactions Average Sales Price Average Price per SF Average Days on Market
THE OGDEN 2022 20 $806,395 $514 32
2023 17 $600,671 $474 59
CHANGE -15% -26% -8% 82%
2022 39 $468,110 $349 65
2023 15 $453,203 $346 62
CHANGE -62% -3% -1% -5%
The Martin is a high-rise community with a warm atmosphere, luxury amenities, and regular events fostering camaraderie. Located near Panorama Towers, it offers prime views, direct Harmon Bridge access, and proximity to the Raiders NFL stadium. As Panorama Towers' sister project, The Martin maintains steady sales with an increased average price from the previous year.
The Ogden is located in the heart of Downtown Las Vegas and offers spacious condos with terraces to take in incredible city views. Enjoy the Downtown lifestyle with restaurants, stores and entertainment just outside your door. The building offers controlled access, gym, rooftop pool and more.
TRUMP LAS VEGAS RESIDENCES
TURNBERRY PLACE
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 79 $350,910 $514 77
2023 62 $299,779 $498 73
CHANGE -22% -15% -3% -6%
Trump International Hotel Las Vegas offers stylish elegance in the entertainment capital. Near prime shopping and casinos, the gold tower provides panoramic Strip views. With 1,232 hotel condo suites, 50 penthouses, white-gloved doormen, valet, and 24/7 concierge service, it's a luxury haven. Residents enjoy amenities like a day spa, fitness center, salon, and an outdoor pool. 28
# of Transactions Average Sales Price Average Price per SF Average Days on Market
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# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 62 $1,044,265 $387 58
2023 57 $1,189,024 $407 75
CHANGE -8% 14% 5% 30%
Turnberry Place redefines luxury with spacious residences, exceptional views, and exclusive amenities. The grand guardgated entrance leads to private valet service and underground parking. With a commitment to privacy and opulence, Turnberry Place stands as a premier residence on the iconic Las Vegas Strip.
TURNBERRY TOWERS # of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 44 $610,293 $459 25
VDARA 2023 43 $592,172 $458 56
CHANGE -2% -3% 0% 122%
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 15 $629,000 $972 44
2023 16 $686,244 $979 85
CHANGE 7% 9% 1% 95%
Turnberry Towers offers luxury living with East or West views. Amenities include valet parking, a resort-sized pool, a 24-hour doorman, a putting green, a fitness center, and two lit tennis courts. Turnberry Towers epitomize elegance, providing both a luxurious lifestyle and an exceptional investment with stunning views of the Las Vegas Country Club golf course and the Strip.
With direct access to Aria and the Bellagio resorts, Vdara at CityCenter is poised to be one of the most desired condotels in the Las Vegas Strip corridor. Branded as a non-gaming, non-smoking luxury hotel, it is the first choice for visitors seeking a quiet retreat with direct access to some of the finest restaurants, entertainment, and shopping in all of Las Vegas.
VEER TOWERS
WALDORF-ASTORIA
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 70 $664,692 $702 90
2023 41 $630,398 $687 83
CHANGE -41% -5% -2% -8%
The iconic architecture and contemporary design of the Veer towers set these towers apart on the Las Vegas Strip. As a part of CityCenter, they enjoy all the benefits of their location and MGM’s new development, The Park, along with the T-Mobile Arena.
# of Transactions Average Sales Price Average Price per SF Average Days on Market
2022 29 $2,438,103 $1,254 52
2023 23 $2,170,000 $1,186 67
CHANGE -21% -11% -5% 27%
As the most prestigious residential address on the Las Vegas Strip, The Residences at the Waldorf Astoria sets the standard for luxury high rise living. It is the residential jewel of City Center. We continue to see a tremendous amount of activity for this premier luxury tower with pricing more than $1,000/sf for the larger units. There are no signs of it slowing down with all the development in the area. INSIGHT 2023 YEAR END
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TO P R E A S O N S
WHY YO U S H O U L D L I ST YO U R H O M E W I T H
L A S V E G A S S OT H E B Y ’ S I N T E R N AT I O N A L R E A LT Y
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BRAND INNOVATION NETWORK WEB TRAFFIC MEDIA DOMINATION MARKETING TRACK RECORD CLIENTELE
SothebysRealty.com Sotheby’s International Realty’s website, sothebysrealty.com, is the #1 most trafficked website in the world for luxury properties.
Property Syndication Sotheby’s International Realty’s proprietary listing distribution program ensures that properties in all areas are seen by more affluent buyers online than any other real estate brand. This program places properties up front and center on over 10,000 websites, a feat that cannot be imitated or duplicated by other real estate brands.
The Network Sotheby’s International Realty’s network of top producing agents across 1,000 offices in 82 countries produced over $204 billion in total sales volume in 2021. This network of agents consistently work together to refer clients to one another, meaning that properties listed with Sotheby’s International Realty benefit from the entire network working together to drive awareness and buyers.
Marketing Sotheby’s International Realty’s hand-selected global marketing plan provides clients the most comprehensive, targeted marketing in real estate touching connected TV, earned press, print, digital, social and experiential marketing.
Innovation Sotheby’s International Realty’s digital innovations consistently attract buyer loyalty. Buyers interact with first-to-market innovations such as virtual reality property tours, embedded video showings and area lifestyle immersion. The result? Sotheby’s International Realty has more video and VR interaction than Zillow, Coldwell Banker, Compass, Berkshire Hathaway, Engel and Volkers and Realtor.com combined.
Noteworthy Clientele A clientele base including: 71 of Forbes 100 Wealthiest People, 253 of Forbes 400 Wealthiest Americans, 60 of Worth Magazine’s Benefactor 100 List, and 78 of Forbes 100 Wealthiest Americans.
Proven Track Record 278 Year Brand Heritage, 204 Billion Annual Sales Volume in 2021, 46 Million Website Views Annually, 1 Million Social Media Followers, 90 Million Property Video Views, 47 Thousand+ Press Placements.
Media Domination Sotheby’s International Realty receives more press mentions and media collaborations than any other real estate brand. Due to the quality and consistency of Sotheby’s International Realty’s inspirational properties, brands such as Apple, Vogue, The New York Times, Wall Street Journal, Dwell, Financial Times, Dow Jones and beyond drive their viewers, readers and brand loyalists to Sotheby’s International Realty properties daily.
Brand Power The powerful Sotheby’s International Realty blue sign and classic branding immediately differentiate every Sotheby’s International Realty property. Sotheby’s International Realty’s brand is aspirational, placing it in a league with brands like Tiffany and Co., Porsche and Gucci. This brand power attracts the attention of qualified buyers worldwide.
O U R
L O C AT I O N S
UNCOMMONS 8548 Rozita Lee Ave, 100 Las Vegas, Nevada 89113 LAKE LAS VEGAS 2030 Lake Las Vegas Pkwy Henderson, Nevada 89011 LAKE LAS VEGAS 20 Via Bel Canto, 120 Henderson, NV 89011 lasvegassir.com | 702.360.1414