LAS VEGAS | Q3 2021
insight
ABOUT US PRESIDENT & BROKER Randy Char
At Las Vegas Sotheby’s International Realty, we take great pride in presenting you with current trends and developments affecting luxury communities of Las Vegas and the surrounding areas. This report represents a consolidation of local real estate knowledge
GENERAL MANAGER Kyle Northup
ART DIRECTION Renee Ladores
and an in-depth analysis of market data to bring you the most useful insights as they emerge in the region. In addition to offering general statistics related to the overall market, the report contains valuable information concerning Las Vegas’ hottest developments and neighborhoods. Particularly noteworthy is the large-scale growth in the city with expansions and new developments, bringing with it many opportunities for clients to capitalize on future
COPYWRITER
investments.
Melissa Whitaker One of the many tools available to agents and brokers of Las Vegas Sotheby’s International Realty, we sincerely hope that this report will assist our clients in understanding Las Vegas’ expansive luxury real estate market. As an international luxury brand, represented in 75 countries, with over 24,000 associates across 1,000 offices, we have the capacity to offer our clients a level of talent and marketing expertise unlike any other. Whether you are interested in learning more about current market conditions, or are considering representation in the sale of your home, please give us a call and we can discuss how Las Vegas Sotheby’s International Realty may be of service to you.
TABLE OF CONTENTS 4
globally connected
5
exceptional sales
6
summerlin communities
14
las vegas communities
15
boulder city communities
18
henderson communities
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vertical las vegas
Las Vegas Sotheby’s International Realty publishes Insight, a 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. Address: 10100 W Charleston Blvd., 160, Las Vegas, NV 89135
702.360.1414 | insight@lasvegassir.com VIEW MORE PROPERTIES:
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FEATURE YOUR HOME IN THE NEXT ISSUE All listings and data are presented by Las Vegas Sotheby’s International Realty. To be featured, contact Kyle Northup at 702.360.1414 or kyle.northup@sothebysrealty.com.
®,™ 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 MLS and Tax Records representing Single Family Homes only in MLS Areas 101-606
INSIGHT Q2 2021 | 3
LOCAL EXPERTS GLOBALLY CONNECTED When a home is represented by the Sotheby’s International Realty brand, it is presented to a highly–qualified global clientele through exclusive channels and relationships. Our proprietary network of residential brokerage companies is located in 75 countries worldwide, making Sotheby’s International Realty a truly global real estate brand.
24,000 1,000 75 37M $150B
S A L E S A S S O C I AT E S
OFFICES WORLDWIDE
COUNTRIES & TERRITORIES
V I S I T S T O S O T H E B Y S R E A LT Y C O M
2020
T O TA L W O R L D W I D E S A L E S V O L U M E –
Y O U T U B E S I LV E R C R E AT O R A W A R D 350,000+ SUBSCRIBERS
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2020
EXCEPTIONAL SALES OF SOUTHERN NEVADA TOP SALES Q3 2021 $12,250,000
681 DRAGON PEAK
$10,500,000 7 CLOUD CHASER $7,500,000
57 HAWK RIDGE
$7,500,000
4821 MERIDIAN PASS WAY
$6,875,000
2787 LA BELLA COURT
$6,300,000 91 HAWK RIDGE $6,045,000 44 WILDWING $6,000,000 5100 SPANISH HEIGHTS $5,899,999 54 CRESTED CLOUD WAY $5,500,000 1 HUGHES CENTER
INSIGHT Q2 2021 | 5
SUMMERLIN COMMUNITIES THE RIDGES 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 23 $2,736,196 $467 83
2021 DIFFERENCE 23 0 $3,413,870 $677,674 $629 $162 48 -35
RED ROCK COUNTRY CLUB 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 26 $1,218,788 $306 77
2021 DIFFERENCE 23 -3 $1,563,652 $344,864 $427 $121 18 -59
TOURNAMENT HILLS Tournament Hills remains one of the most sought after addresses in the master-planned community of Summerlin. This community is built on and around the Tournament Players Club Summerlin, the course famed as the site for Tiger Woods first professional victory. The residences of Tournament Hills are renowned for their luxury and opulence. Exclusively custom by design, Tournament Hills features homes ranging from the classic to the contemporary. # of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
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2020 3 $2,316,667 $326 26
2021 DIFFERENCE 2 -1 $2,900,000 $583,333 $344 $18 73 46
EAGLE HILLS Tree-lined sidewalks and manicured lawns are only some of the pleasant wonders of life inside the guard-gated community of Eagle Hills. Situated in The Trails within the masterplanned community of Summerlin on the western edge of Las Vegas. Homes in Eagle Hills let you forget the surrounding desert landscape as few other communities can.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 1 $1,600,000 $262 44
2021 DIFFERENCE 3 2 $1,890,000 $290,000 $386 $124 130 86
CANYON FAIRWAYS Appropriately situated for luxury and appropriately named for its convenience as it backs up to Tournament Players Club Las Vegas, a public 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 3 $1,500,000 $320 54
2021 DIFFERENCE 4 1 $2,687,500 $1,187,500 $408 $88 25 -29
BELLACERE Set behind a guard-gated entrance, 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 1 $3,200,000 $395 123
2021 DIFFERENCE 1 0 $1,600,000 -$1,600,000 $335 -$61 18 -105
INSIGHT Q2 2021 | 7
SUMMERLIN COMMUNITIES MOUNTAIN TRAILS A community within a community, Mountain Trails resides in The Trails section of the masterplanned 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 5 $1,917,400 $280 156
2021 DIFFERENCE 1 -4 $3,000,000 $1,082,460 $371 $91 79 -77
PALISADES 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 6 $731,481 $224 59
2021 DIFFERENCE 6 0 $1,260,733 $529,252 $294 $70 38 -22
VINEYARDS 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
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2020 3 $818,333 $214 171
2021 DIFFERENCE 2 -1 $1,117,500 $299,167 $304 $90 12 -160
WILLOW CREEK 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 3 $584,333 $183 57
2021 DIFFERENCE 1 -2 $740,000 $155,667 $244 $61 17 -40
COUNTRY CLUB HILLS 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 Square Foot Average Days on Market
2020 5 $1,081,500 $265 141
2021 DIFFERENCE 4 -1 $1,459,750 $378,250 $323 $57 28 -113
QUEENSRIDGE 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 15 $884,240 $225 55
2021 DIFFERENCE 33 18 $1,275,522 $391,282 $348 $123 56 0
INSIGHT Q2 2021 | 9
SUMMERLIN COMMUNITIES THE CLIFFS The Cliffs is one of the newest and southern most village located at the base of the Spring Mountains. The Cliffs is a 450-acre residential single and multi-family village, set against a dramatic ridgeline that is the community’s namesake. The Cliffs amenities include Shelley Berkley Elementary School, Faiss Middle School, Bishop Gorman High School, Faiss Community Park, Wet ‘n’ Wild water park and Aquatic Springs Indoor Pool.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 28 $806,758 $291 76
2021 DIFFERENCE 31 3 $921,814 $115,056 $360 $69 43 -34
PASEOS 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 95 $684,590 $236 48
2021 DIFFERENCE 69 -26 $875,709 $191,119 $306 $70 15 -33
REVERENCE 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
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2020 19 $847,636 $282 58
2021 DIFFERENCE 10 -9 $1,522,490 $674,854 $479 $197 11 -48
S O U T H E R N N E VA DA
Nothing Compares.
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
Don’t just look for a place. Discover a home.
L A SV E G A S S I R .C O M
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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MEDIA OMINAT ON TRACK RECORD
MARKETING CLIENTEL
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 7,000 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 70 countries produced over 114 billion in total sales volume in 2019. 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 277 Year Brand Heritage, 114 Billion Annual Sales Volume in 2019, 2.4 Billion in Annual Referrals, 34 Million Website Views Annually, 123M+ Property Video Views, 4.4 Billion Media Impressions Annually.
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.
LAS VEGAS COMMUNITIES CANYON GATE COUNTRY CLUB 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 10 $840,690 $229 119
2021 DIFFERENCE 13 3 $989,115 $148,425 $276 $47 32 -87
SOUTHERN HIGHLANDS COUNTRY CLUB 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 28 $1,848,121 $320 96
2021 DIFFERENCE 16 -12 $2,373,127 $525,005 $439 $119 35 -61
SPANISH HILLS The community of Spanish Hills is famous for being home to a number of celebrities, business owners, and pro-athletes. Spacious lots and multi-million dollar custom homes offer peace and quiet while providing breathtaking views of Red Rock Canyon National Park and The Strip. Residents can also enjoy the pleasures of a beautiful recreation park and private tennis courts. Spanish Hills has easy access to highways, shopping, and malls which are only minutes away. # of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
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2020 - - - -
2021 DIFFERENCE 3 3 $2,516,667 $2,516,667 $307 $307 56 56
BOULDER CITY COMMUNITIES BOULDER CITY - OVERVIEW A short drive from the Hoover Dam, Boulder City was founded as housing for the laborers constructing the dam. Historic neighborhoods as well as new developments, make Boulder City a thriving community. This valley enclave has a comfortable hometown feel with its classic main street, featuring local shops and restaurants like the Back in Thyme antique shop, Boulder Dam Brewing Company, and Evan’s Old Town Grille. A night out or stroll downtown make this community a warm and inviting place to call home. # of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 58 $465,558 $216 77
2021 DIFFERENCE 53 -5 $508,696 $43,138 $276 $60 28 -49
LAKE SIDE As you crest the hill in Boulder City, the majestic expanse of Lake Mead National Recreation Area comes into view and takes your breath away. From the reflection of the sun on the water to the graceful mountains on either side it is truly a site to behold. Called "Lake Side" by residents of Boulder City because you can see the lake from there houses some of the largest homes in Boulder City are on Lake Side along with many custom lots that give you the opportunity to build your dream home. # of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 14 $662,633 $235 162
2021 DIFFERENCE 10 -4 $852,940 $190,307 $324 $89 44 -118
OLD TOWN Built by the builders of Hoover Dam these quaint homes with their mature tree lined streets are the envy of many who drive by and make you think of a bygone era. While some have been tastefully upgraded there is a limit to how much you can do to these historic homes and that has helped them keep their amazing qualities. Old Town is what you think of when you think Boulder City.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 2 $310,000 $272 6
2021 DIFFERENCE 1 -1 $310,000 $0 $362 $90 43 37
INSIGHT Q2 2021 | 15
T H E B AC K D R O P O F T R A N Q U I L WAT E R B R E AT H TA K I N G V I E W S U N PA R A L L E L E D A M E N I T I E S CHAMPIONSHIP GOLF S P EC TAC U L A R L I F E ST Y L E D I S C OV E R T H E E STAT E S AT R E F L E C T I O N B AY
CUSTOM HALF ACRE LOTS STARTING AT $409,500 To learn more about The Estates at Reflection Bay, visit the Lake Las Vegas Real Estate Information Office at 2030 Lake Las Vegas Pkwy. Open Daily 10am to 5pm.
custom luxury at LAKE LAS VEGAS
lasvegassir.com | 702.497.0300
HENDERSON COMMUNITIES ANTHEM COUNTRY CLUB 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 36 $1,285,175 $297 60
2021 DIFFERENCE 38 2 $1,463,426 $178,251 $400 $103 17 -43
THE FOUNTAINS Known as one of the most prestigious addresses in the master-planned 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 4 $1,129,000 $206 18
2021 DIFFERENCE 5 1 $1,272,000 $143,000 $259 $52 14 -4
LAKE LAS VEGAS 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 Square Foot Average Days on Market
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2020 72 $815,632 $261 85
2021 DIFFERENCE 41 -31 $822,906 $7,274 $341 $80 51 -33
MACDONALD HIGHLANDS As the master listing agents for MacDonald Highlands, we are honored to have an office within DragonRidge Country Club giving us unique insight into the MacDonald Highlands market. Shaped from the foothills of the McCollough Mountains, MacDonald Highlands blends the organic with the epic. Placed on the southern edge of the Las Vegas valley in a suburb of Henderson, MacDonald Highlands is uniquely luxurious and distinctly lavish and home to the DragonRidge Country Club. # of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 16 $3,009,499 $431 210
2021 DIFFERENCE 12 -4 $3,350,417 $340,917 $553 $122 35 -176
SEVEN HILLS As the Roman Empire was built upon its famed rolling hills, so too is the master-planned community Seven Hills, gloriously nestled against the magnificent McCollough mountain range. Travel along the rolling hills to discover a range of architecture from classic Tuscan to the ultimate in modern design. Elevated to afford wondrous views of the Las Vegas Valley Seven Hills is home to the Rio Secco golf course designed by Rees Jones.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 69 $627,420 $207 32
2021 DIFFERENCE 74 5 $908,978 $277,558 $270 $63 21 -12
ASCAYA From the panoramic views of the world-renowned Strip to the stunning collection of desert contemporary homes, Ascaya is in a class all by itself. This unique community offers an enticing collection of luxurious amenities and activities, all designed to foster connectivity and provide rich, meaningful experiences with a 23,000 square foot clubhouse as the community’s vibrant hub of social activity.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 2 $5,750,000 $745 430
2021 DIFFERENCE 4 2 $4,703,001 -$1,046,999 $808 $63 41 -388
INSIGHT Q2 2021 | 19
HENDERSON COMMUNITIES THE CLUB AT MADERIA CANYON The Club at Maderia Canyon is a guard gated community, located within the larger Maderia 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 Square Foot Average Days on Market
2020 17 $743,117 $218 39
2021 DIFFERENCE 15 -2 $979,960 $236,843 $301 $82 22 -17
ROMA HILLS 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 6 $704,183 $216 41
2021 DIFFERENCE 1 -5 $1,700,000 $995,817 $344 $128 1 -40
GRAND LEGACY Against a pristine backdrop of a green landscape and clear mountain views, the Legacy development in Green Valley has single-family homes of varying styles. Properties surround the Legacy Golf Course with many homes sitting directly adjacent to the fairways and putting greens on the course. Walking trails and paths are located throughout the community’s expanse for peaceful neighborhood strolls.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
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2020 8 $506,750 $191 28
2021 DIFFERENCE 9 1 $776,710 $290,960 $255 $64 9 -19
Exceptional locations, unrivaled lifestyles. L E A R N M O R E AT L A SV E G A S S I R .C O M
70 BRENAS ESTATE, VEGA ALTA, PUERTO RICO $4,900,000 | WEB ID M4BPTB
2330 N HARVEST DANCE ROAD, JACKSON, WYOMING $11,500,000 | WEB ID MSN7JP
27551 HIGHWAY 145, DOLORES, COLORADO $6,200,000 | WEB ID F687TE
124 TEKIS PLACE, PALM DESERT, CALIFORNIA $19,000,000 | WEB ID S7ZS72
474 N LAKE SHORE DRIVE, UNIT 6106, CHICAGO, ILLINOIS $2,000,000 | WEB ID TC6FMM
Nothing compares.
VERTICAL LAS VEGAS
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ONE QUEENSRIDGE PLACE
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PALMS PLACE
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SKY LAS VEGAS
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TURNBERRY PLACE
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METROPOLIS
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REGENCY TOWERS
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PARK TOWERS
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THE MARTIN
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VDARA
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VEER TOWERS
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PANORAMA TOWERS
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WALDORF ASTORIA
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SUMMERLIN MCARRAN INTERNATIONAL AIRPORT
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LAS VEGAS ATTRACTIONS A
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SAHARA INSIGHT Q2 2021 | 23
VERTICAL LAS VEGAS ONE QUEENSRIDGE PLACE Dedicated to the most discriminating owners, One Queensridge Place serves as one of the very finest luxury residences in Las Vegas.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 2 $1,181,500 $421 31
2021 DIFFERENCE 11 9 $1,566,727 $385,227 $482 $61 99 69
PALMS PLACE Hip and modern is the theme of Palms Place and it continues to garner attention. It is a hot spot for those who want to own a bit of Las Vegas.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 9 $335,944 $354 93
2021 DIFFERENCE 13 4 $322,331 -$13,614 $386 $32 56 -38
SKY LAS VEGAS Sky Las Vegas is a 45-story luxury high-rise condominium tower.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
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2020 5 $357,980 $281 91
2021 DIFFERENCE 13 8 $450,108 $92,128 $326 $45 102 11
TURNBERRY TOWERS Turnberry Towers overlooks the Las Vegas Country Club golf course as well as offering some amazing Strip views.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 10 $570,349 $366 133
2021 DIFFERENCE 29 19 $527,079 -$43,269 $411 $44 42 -91
METROPOLIS Overlooking the prestigious Wynn golf course, these Art Deco inspired lofts have not had much activity as most owners have been holding on to them. These lofts have amazing views of the Las Vegas Strip and the Wynn golf course.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 1 $555,000 $220 130
2021 DIFFERENCE 1 0 $211,000 -$344,000 $241 $20 241 111
REGENCY TOWERS These long-standing Vegas residential towers, located within the Las Vegas Country Club. This high rise tower offers breath taking strip, golf course and mountain views.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 3 $274,933 $148 75
2021 DIFFERENCE 10 7 $310,090 $35,157 $258 $109 68 -7
INSIGHT Q2 2021 | 25
VERTICAL LAS VEGAS PARK TOWERS These two towers continue to serve as one of the most distinctive and exclusive high rise addresses, home to many of the most influential Las Vegas residents. This property doesn’t traditionally have much in the way of turnover.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 - - - -
2021 DIFFERENCE 2 2 $4,087,500 $4,087,500 $786 $786 132 132
THE MARTIN The sister project of Panorama Towers has stayed steady in its sales relative to last year while bolstering its average sales price.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 6 $511,333 $397 31
2021 DIFFERENCE 9 3 $1,013,111 $501,778 $503 $106 70 38
VDARA 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
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2020 - - - -
2021 DIFFERENCE 11 11 $515,035 $515,035 $785 $785 233 233
VEER TOWERS 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 Square Foot Average Days on Market
2020 15 $726,500 $648 89
2021 DIFFERENCE 13 -2 $542,530 $183,970 $626 -$23 151 61
PANORAMA TOWERS 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 5 $495,378 $352 86
2021 DIFFERENCE 21 16 $578,324 $82,946 $353 $1 58 -28
WALDORF-ASTORIA 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.
# of Transactions Average Sales Price Average Price per Square Foot Average Days on Market
2020 7 $2,196,429 $1,209 58
2021 DIFFERENCE 4 -3 $2,055,000 -$141,429 $1,069 -$139 89 31
INSIGHT Q2 2021 | 27
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LOCATIONS SUMMERLIN 10100 W Charleston Boulevard, 160 Las Vegas, NV 89135 LAKE LAS VEGAS 2030 Lake Las Vegas Pkwy Henderson, NV 89011