The Corcoran Report 1Q | 2 0 2 2 | L A S V EG A S H I G H R I S E
L A S V EG A S HI GH R I SE
1Q 2 02 2 | L A S V EG A S HI GH R I SE
Overview Total Sold
Highest Sale
4 .9 % Y E A R OV E R Y E A R
1. 0 % Y E A R OV E R Y E A R
322
$4.4M
Total properties sold for Las Vegas High Rise changed 4.9% year-over-year to 322.
The highest sale price in Las Vegas High Rise changed 1.0% year-over-year to $4.4M.
Days on Market
Lowest Sale
50
$140K
- 4 3 . 8 % Y E A R OV E R Y E A R
2 2 . 8 % Y E A R OV E R Y E A R
Average days on market for Las Vegas High Rise changed -43.8% to 50 days.
The lowest sale price in Las Vegas High Rise changed 22.8% year-over-year to $140K.
Median Price
Average Price
$391K
$564K
Median price in Las Vegas High Rise changed 13.4% year-over-year to $391K.
Average price in Las Vegas High Rise changed 5.7% year-over-year to $564K.
13 . 4% Y E A R OV E R Y E A R
5 .7 % Y E A R OV E R Y E A R
1Q 2 02 2 | WA L D O R F - A S TO R I A | L A S V EG A S HI GH R I SE
Waldorf-Astoria • Waldorf-Astoria sales changed by -16.7% year-over-year. • The highest sale price changed by -2.4% year-over-year, while the lowest sale price changed 22.2% year-over-year. • Average days on market for Waldorf-Astoria changed -55.3% to 34 days. • Waldorf-Astoria average price changed -2.2% year-over-year, and the median price changed 7.2% year-over-year.
Total Properties Sold
Average Price
Highest Sale
10
$2.2M
$4.1M
-16.7% Y E AR OV ER Y E AR
-2 . 2 % Y E AR OV ER Y E AR
-2 .4% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
34
$2.1M
$1.1M
- 55. 3% Y E AR OV ER Y E AR
7. 2 % Y E AR OV ER Y E AR
22 . 2 % Y E AR OV ER Y E AR
1Q 2 02 2 | PA R K TOW ER S | L A S V EG A S HI GH R I SE
Park Towers • Park Towers sales changed by -66.7% year-over-year. • The highest sale price changed by -24.0% year-over-year, while the lowest sale price changed 5.6% year-over-year. • Average days on market for Park Towers changed -45.6% to 104 days. • Park Towers average price changed -10.5% year-over-year, and the median price changed -10.5% year-over-year.
Total Properties Sold
Average Price
1
$950K $950K
- 6 6.7% Y E AR OV ER Y E AR
-10. 5% Y E AR OV ER Y E AR
-24.0 % Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
104
$950K $950K
- 4 5.6% Y E AR OV ER Y E AR
-10. 5% Y E AR OV ER Y E AR
Highest Sale
5.6% Y E AR OV ER Y E AR
1Q 2 02 2 | V EER TOW ER S | L A S V EG A S HI GH R I SE
Veer Towers • Veer Towers sales changed by 53.9% year-over-year. • The highest sale price changed by 110.2% year-over-year, while the lowest sale price changed 3.4% year-over-year. • Average days on market for Veer Towers changed -36.7% to 76 days. • Veer Towers average price changed 22.0% year-over-year, and the median price changed 8.6% year-over-year.
Total Properties Sold
Average Price
Highest Sale
20
$815K
$3.0M
53.9 % Y E AR OV ER Y E AR
22 .0 % Y E AR OV ER Y E AR
110. 2 % Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
76
$586K $290K
- 3 6.7% Y E AR OV ER Y E AR
8.6% Y E AR OV ER Y E AR
3.4% Y E AR OV ER Y E AR
1Q 2 02 2 | O NE Q U EENSR I D GE | L A S V EG A S HI GH R I SE
One Queensridge • One Queensridge sales changed by -22.2% year-over-year. • The highest sale price changed by -14.5% year-over-year, while the lowest sale price changed 25.6% year-over-year. • Average days on market for One Queensridge changed -7.9% to 70 days. • One Queensridge average price changed 18.7% year-over-year, and the median price changed -5.1% year-over-year.
Total Properties Sold
Average Price
Highest Sale
7
$1.7M
$3.3M
-22 . 2 % Y E AR OV ER Y E AR
18.7% Y E AR OV ER Y E AR
-14. 5% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
70
$1.1M
$785K
-7.9 % Y E AR OV ER Y E AR
- 5.1% Y E AR OV ER Y E AR
25.6% Y E AR OV ER Y E AR
1Q 2 02 2 | TR U M P TOW ER | L A S V EG A S HI GH R I SE
Trump Tower • Trump Tower sales changed by 0.0% year-over-year. • The highest sale price changed by 45.8% year-over-year, while the lowest sale price changed 46.3% year-over-year. • Average days on market for Trump Tower changed -38.4% to 69 days. • Trump Tower average price changed 52.5% year-over-year, and the median price changed 43.0% year-over-year.
Total Properties Sold
Average Price
24
$360K $875K
0.0 % Y E AR OV ER Y E AR
52 . 5% Y E AR OV ER Y E AR
4 5.8% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
69
$283K $234K
- 3 8.4% Y E AR OV ER Y E AR
4 3.0 % Y E AR OV ER Y E AR
Highest Sale
4 6. 3% Y E AR OV ER Y E AR
1Q 2 02 2 | V DA R A | L A S V EG A S HI GH R I SE
Vdara • Vdara sales changed by 100.0% year-over-year. • The highest sale price changed by 119.3% year-over-year, while the lowest sale price changed 13.8% year-over-year. • Average days on market for Vdara changed -80.7% to 36 days. • Vdara average price changed 57.2% year-over-year, and the median price changed 39.9% year-over-year.
Total Properties Sold
Average Price
Highest Sale
4
$778K
$1.3M
10 0.0 % Y E AR OV ER Y E AR
57. 2 % Y E AR OV ER Y E AR
119. 3% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
36
$693K $478K
- 8 0.7% Y E AR OV ER Y E AR
39.9 % Y E AR OV ER Y E AR
13.8% Y E AR OV ER Y E AR
1Q 2 02 2 | SI GN AT U R E M G M | L A S V EG A S HI GH R I SE
Signature MGM • Signature MGM sales changed by 25.8% year-over-year. • The highest sale price changed by 147.8% year-over-year, while the lowest sale price changed 42.0% year-over-year. • Average days on market for Signature MGM changed -73.1% to 36 days. • Signature MGM average price changed 56.2% year-over-year, and the median price changed 31.4% year-over-year.
Total Properties Sold
Average Price
Highest Sale
39
$387K
$800K
25.8% Y E AR OV ER Y E AR
56. 2 % Y E AR OV ER Y E AR
147.8% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
36
$335K $261K
-73.1% Y E AR OV ER Y E AR
31.4% Y E AR OV ER Y E AR
42 .0 % Y E AR OV ER Y E AR
1Q 2 02 2 | PA L M S PL ACE | L A S V EG A S HI GH R I SE
Palms Place • Palms Place sales changed by 66.7% year-over-year. • The highest sale price changed by 13.1% year-over-year, while the lowest sale price changed 4.9% year-over-year. • Average days on market for Palms Place changed 49.2% to 91 days. • Palms Place average price changed 27.2% year-over-year, and the median price changed 26.1% year-over-year.
Total Properties Sold
Average Price
25
$333K $526K
6 6.7% Y E AR OV ER Y E AR
27. 2 % Y E AR OV ER Y E AR
13.1% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
91
$285K $215K
49. 2 % Y E AR OV ER Y E AR
26.1% Y E AR OV ER Y E AR
Highest Sale
4.9 % Y E AR OV ER Y E AR
1Q 2 02 2 | SK Y L A S V EG A S | L A S V EG A S HI GH R I SE
Sky Las Vegas • Sky Las Vegas sales changed by -50.0% year-over-year. • The highest sale price changed by -78.2% year-over-year, while the lowest sale price changed 63.4% year-over-year. • Average days on market for Sky Las Vegas changed -38.2% to 42 days. • Sky Las Vegas average price changed -26.7% year-over-year, and the median price changed 28.9% year-over-year.
Total Properties Sold
Average Price
6
$596K $950K
- 50.0 % Y E AR OV ER Y E AR
-26.7% Y E AR OV ER Y E AR
-78. 2 % Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
42
$503K $415K
- 3 8. 2 % Y E AR OV ER Y E AR
28.9 % Y E AR OV ER Y E AR
Highest Sale
6 3.4% Y E AR OV ER Y E AR
1Q 2 02 2 | T U R NB ER RY PL ACE | L A S V EG A S HI GH R I SE
Turnberry Place • Turnberry Place sales changed by -33.3% year-over-year. • The highest sale price changed by 102.1% year-over-year, while the lowest sale price changed -1.8% year-over-year. • Average days on market for Turnberry Place changed -65.8% to 39 days. • Turnberry Place average price changed 26.8% year-over-year, and the median price changed 16.0% year-over-year.
Total Properties Sold
Average Price
Highest Sale
18
$1.0M
$4.4M
- 33. 3% Y E AR OV ER Y E AR
26.8% Y E AR OV ER Y E AR
102 .1% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
39
$663K $390K
- 6 5.8% Y E AR OV ER Y E AR
16.0 % Y E AR OV ER Y E AR
-1.8% Y E AR OV ER Y E AR
1Q 2 02 2 | T U R NB ER RY TOW ER S | L A S V EG A S HI GH R I SE
Turnberry Towers • Turnberry Towers sales changed by -29.2% year-over-year. • The highest sale price changed by 52.2% year-over-year, while the lowest sale price changed 24.6% year-over-year. • Average days on market for Turnberry Towers changed -55.2% to 30 days. • Turnberry Towers average price changed 23.2% year-over-year, and the median price changed 27.4% year-over-year.
Total Properties Sold
Average Price
17
$556K $1.1M
-2 9. 2 % Y E AR OV ER Y E AR
23. 2 % Y E AR OV ER Y E AR
52 . 2 % Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
30
$570K $319K
- 55. 2 % Y E AR OV ER Y E AR
27.4% Y E AR OV ER Y E AR
Highest Sale
24.6% Y E AR OV ER Y E AR
1Q 2 02 2 | A L LU R E | L A S V EG A S HI GH R I SE
Allure • Allure sales changed by -88.9% year-over-year. • The highest sale price changed by -51.3% year-over-year, while the lowest sale price changed 66.7% year-over-year. • Average days on market for Allure changed -48.6% to 36 days. • Allure average price changed 11.4% year-over-year, and the median price changed 26.6% year-over-year.
Total Properties Sold
Average Price
Highest Sale
2
$358K
$365K
- 8 8.9 % Y E AR OV ER Y E AR
11.4% Y E AR OV ER Y E AR
- 51. 3% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
36
$358K $350K
- 4 8.6% Y E AR OV ER Y E AR
26.6% Y E AR OV ER Y E AR
6 6.7% Y E AR OV ER Y E AR
1Q 2 02 2 | PA N O R A M A TOW ER S | L A S V EG A S HI GH R I SE
Panorama Towers • Panorama Towers sales changed by -5.6% year-over-year. • The highest sale price changed by -56.3% year-over-year, while the lowest sale price changed 10.6% year-over-year. • Average days on market for Panorama Towers changed -55.8% to 34 days. • Panorama Towers average price changed -10.4% year-over-year, and the median price changed 14.9% year-over-year.
Total Properties Sold
Average Price
17
$635K $1.3M
- 5.6% Y E AR OV ER Y E AR
-10.4% Y E AR OV ER Y E AR
- 56. 3% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
34
$515K
$365K
- 55.8% Y E AR OV ER Y E AR
14.9 % Y E AR OV ER Y E AR
Highest Sale
10.6% Y E AR OV ER Y E AR
1Q 2 02 2 | THE M A R TIN | L A S V EG A S HI GH R I SE
The Martin • The Martin sales changed by -52.9% year-over-year. • The highest sale price changed by -36.9% year-over-year, while the lowest sale price changed 57.4% year-over-year. • Average days on market for The Martin changed -87.9% to 8 days. • The Martin average price changed 18.8% year-over-year, and the median price changed 23.7% year-over-year.
Total Properties Sold
Average Price
8
$660K $1.2M
- 52 .9 % Y E AR OV ER Y E AR
18.8% Y E AR OV ER Y E AR
- 3 6.9 % Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
8
$551K
$465K
- 87.9 % Y E AR OV ER Y E AR
23.7% Y E AR OV ER Y E AR
Highest Sale
57.4% Y E AR OV ER Y E AR
1Q 2 02 2 | M E TRO P O L I S | L A S V EG A S HI GH R I SE
Metropolis • Metropolis sales changed by 0.0% year-over-year. • The highest sale price changed by 52.9% year-over-year, while the lowest sale price changed 191.8% year-over-year. • Average days on market for Metropolis changed 230.0% to 264 days. • Metropolis average price changed 93.5% year-over-year, and the median price changed 93.5% year-over-year.
Total Properties Sold
Average Price
Highest Sale
2
$813K
$910K
0.0 % Y E AR OV ER Y E AR
93. 5% Y E AR OV ER Y E AR
52 .9 % Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
264
$813K
$715K
23 0.0 % Y E AR OV ER Y E AR
93. 5% Y E AR OV ER Y E AR
191.8% Y E AR OV ER Y E AR
1Q 2 02 2 | R EGEN C Y TOW ER S | L A S V EG A S HI GH R I SE
Regency Towers • Regency Towers sales changed by -41.7% year-over-year. • The highest sale price changed by 438.9% year-over-year, while the lowest sale price changed 206.4% year-over-year. • Average days on market for Regency Towers changed 34.0% to 130 days. • Regency Towers average price changed 202.7% year-over-year, and the median price changed 101.3% year-over-year.
Total Properties Sold
Average Price
7
$780K $1.9M
- 41.7% Y E AR OV ER Y E AR
202 .7% Y E AR OV ER Y E AR
4 3 8.9 % Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
130
$550K $360K
3 4.0 % Y E AR OV ER Y E AR
101. 3% Y E AR OV ER Y E AR
Highest Sale
20 6.4% Y E AR OV ER Y E AR
1Q 2 02 2 | O NE L A S V EG A S | L A S V EG A S HI GH R I SE
One Las Vegas • One Las Vegas sales changed by -18.2% year-over-year. • The highest sale price changed by -14.3% year-over-year, while the lowest sale price changed 3.3% year-over-year. • Average days on market for One Las Vegas changed -50.9% to 52 days. • One Las Vegas average price changed -12.6% year-over-year, and the median price changed -9.1% year-over-year.
Total Properties Sold
Average Price
9
$422K $600K
-18. 2 % Y E AR OV ER Y E AR
-12 .6% Y E AR OV ER Y E AR
-14. 3% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
52
$400K $342K
- 50.9 % Y E AR OV ER Y E AR
-9.1% Y E AR OV ER Y E AR
Highest Sale
3. 3% Y E AR OV ER Y E AR
1Q 2 02 2 | THE O G DEN | L A S V EG A S HI GH R I SE
The Ogden • The Ogden sales changed by 71.4% year-over-year. • The highest sale price changed by 75.0% year-over-year, while the lowest sale price changed 16.9% year-over-year. • Average days on market for The Ogden changed -21.6% to 98 days. • The Ogden average price changed 58.0% year-over-year, and the median price changed 74.5% year-over-year.
Total Properties Sold
Average Price
Highest Sale
12
$515K
$770K
71.4% Y E AR OV ER Y E AR
58.0 % Y E AR OV ER Y E AR
75.0 % Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
98
$510K
$290K
-21.6% Y E AR OV ER Y E AR
74. 5% Y E AR OV ER Y E AR
16.9 % Y E AR OV ER Y E AR
1Q 2 02 2 | NE W P O R T LO F T S | L A S V EG A S HI GH R I SE
Newport Lofts • Newport Lofts sales changed by 66.7% year-over-year. • The highest sale price changed by -14.3% year-over-year, while the lowest sale price changed 7.1% year-over-year. • Average days on market for Newport Lofts changed -70.6% to 10 days. • Newport Lofts average price changed -8.4% year-over-year, and the median price changed -18.4% year-over-year.
Total Properties Sold
Average Price
5
$402K $525K
6 6.7% Y E AR OV ER Y E AR
- 8.4% Y E AR OV ER Y E AR
-14. 3% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
10
$347K $300K
-70.6% Y E AR OV ER Y E AR
-18.4% Y E AR OV ER Y E AR
Highest Sale
7.1% Y E AR OV ER Y E AR
1Q 2 02 2 | SO H O LO F T S | L A S V EG A S HI GH R I SE
Soho Lofts • Soho Lofts sales changed by -16.7% year-over-year. • The highest sale price changed by 16.1% year-over-year, while the lowest sale price changed 16.8% year-over-year. • Average days on market for Soho Lofts changed -54.7% to 29 days. • Soho Lofts average price changed 18.5% year-over-year, and the median price changed 17.7% year-over-year.
Total Properties Sold
Average Price
5
$442K $540K
-16.7% Y E AR OV ER Y E AR
18. 5% Y E AR OV ER Y E AR
16.1% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
29
$399K $382K
- 54.7% Y E AR OV ER Y E AR
17.7% Y E AR OV ER Y E AR
Highest Sale
16.8% Y E AR OV ER Y E AR
1Q 2 02 2 | J U HL | L A S V EG A S HI GH R I SE
Juhl • Juhl sales changed by 433.3% year-over-year. • The highest sale price changed by 112.3% year-over-year, while the lowest sale price changed 14.7% year-over-year. • Average days on market for Juhl changed 100.0% to 16 days. • Juhl average price changed -6.9% year-over-year, and the median price changed -23.0% year-over-year.
Total Properties Sold
Average Price
32
$382K $1.1M
4 33. 3% Y E AR OV ER Y E AR
- 6.9 % Y E AR OV ER Y E AR
112 . 3% Y E AR OV ER Y E AR
Days on Market
Median Price
Lowest Sale
16
$317K
$226K
10 0.0 % Y E AR OV ER Y E AR
-23.0 % Y E AR OV ER Y E AR
Highest Sale
14.7% Y E AR OV ER Y E AR
Methodology The Corcoran Report offers current and valuable information regarding the local market. Each region reported on is broken down by neighborhood and contains specific details and insights related to that market. METR I C S
TOTAL PROPERTIES SOLD is the total number of properties
MEDIAN PRICE is the middle or midpoint price where half of
that closed within the quarter reported.
sales fall below and half fall above this number.
HIGHEST SALE is the highest priced property that was sold in
DAYS ON MARKET averages how long a unit takes to sell and is
the area being reported on during the quarter reported.
calculated from subtracting the list date from the date of close.
LOWEST SALE is the lowest priced property that was sold in the area being reported on during the quarter reported.
SOURCE Figures in this report are based on publicly reported closed sales information via the Multiple Listing Service.
AVERAGE PRICE is the price calculated by dividing the combined prices of properties by the amount of sold properties in that same area.
D I SCL AI MER ©2022 Corcoran Global Living. 1980 Festival Plaza Drive, Suite 460, Las Vegas, NV 89135. CA DRE# 02109201; NV B.1000747; OH REC.2021004219. All rights reserved. Corcoran® and the Corcoran Logo are registered service marks owned by Corcoran Group LLC. Corcoran Global Living fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Real estate agents affiliated with Corcoran Global Living are independent contractors and are not employees of Corcoran Global Living. Each office is independently owned and operated. All material presented herein is intended for information purposes only and has been compiled from sources deemed reliable. Based on information from Multiple Listing Servic. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal notice.
Don Kuhl Partner / Managing Broker Lic. #BS.0059797 702.324.2121 | Don.Kuhl@CorcoranGL.com 1980 Festival Drive, Suite 460 Las Vegas, NV 89135 VegasLuxuryHomes.com