Las Vegas high-rise market comes back strong
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The Las Vegas high-rise market has re-emerged in 2021 with one of its strongest first quarters ever. The highest highrise sale of the year, $4.35 million, took place in April at a Sky Las Las Vegans penthouse. Luxury sales of $1 million and above also increased. The market is stronger than in 2020 due to the end of COVID-19 pandemic and increased vaccinations. It's one the best condo sales years ever with 970 closings of primarily existing units on the Multiple Listing Service. There were 36 luxury sales this year compared with 15 in the first half of 2020.
Veer, 11, compared with seven in 2020, Waldorf Astoria, 10, One Las Vegas, 14, Allure, ten, and Sky Las Las Vegas, nine. One Queensridge Place, five, is compared to four in 2019.
