Las Vegas High Rise 2024 | Annual Market Report

JAN - DEC, 2024

Market Report L AS VEGAS H I GH RISE

ANNUAL

2024

LU X U RY R E A L E STAT E M A R K E T R E S E A RC H | ELLI MAN .C O M

Leading

LAS VEGAS HOME

2024 M A R K E T OV E RV I E W

This report provides an in-depth analysis of 710 high-rise property sales in Las Vegas, offering valuable insights into market trends and performance. The average sales price is $643,801, with transactions ranging from $135,000 to $9.5 million, and 50% of sales occurring below $423,500.

Within the two categories of high-rise properties, (65%) were Residential (65%) and (35%) were Condotel. The average

FRO M H EN D ER S O N TO S U M M ER L I N , D O U G L A S EL L I M A N I S T H E O N LY N A M E FO R LU X U RY R E A L ES TAT E .

price per square foot (SP/SqFt) stands at $493, with a range from $102.20 to $2,422.23, indicating significant variation across units. On average, properties spent 62 days on the market (DOM), with a median of 42 days, showcasing a relatively dynamic market. Notably, 63% of sales were completed with cash terms overall and 72% above $1M, underscoring the prevalence of high-liquid buyers. This analysis highlights a thriving high-rise market with strong demand and premium pricing for key properties. The following pages will provide more specific information relative to the individual towers.

LAS VEGAS H IGH RISE MARKET REPO RT | JAN - D EC, 2 024

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

JA N - D EC, 2 024

Las Vegas High Rise

Waldorf Astoria

20 24

20 24

L AS V E GAS , N E VA DA I S H O M E TO A VA R I E T Y O F U P S CA LE H I G H - R I S E TOW E R LI V I N G O P P O RT U N ITI E S . M A N Y B U I LD I N G S A R E D E S I G N E D W ITH M O D E R N A N D LU X U R I O U S features, such as contemporary finishes, fitness centers, swimming pools, concierge services, and top-notch security. Others offer a traditional and elegant aesthetic and luxurious finishes throughout. Many of these buildings have amazing views of the city and easy access to local shopping and entertainment, with many located on or near the Las Vegas Strip. With different floor plan types available ranging from studios to penthouses, there's something for everyone.

710

62

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

-1 1% Y E A R OV E R Y E A R

-1 0 % Y E A R OV E R Y E A R

9.5M

$

644K

$

424K

A TRU LY R A R E F I N D I N L AS V E GAS , WA LD O R F AS TO R I A S OA R S OV E R 47 S TO R I E S A B OV E TH E S TR I P W H I LE TOW E R I N G OV E R OTH E R H I G H - R I S E P RO P E RTI E S .

Waldorf Astoria offers two distinct floor plan collections and one well-refined characteristic, an unmatched level of personal service residents experience on a daily basis. From the lobby, residents get a first glimpse of the difference life at Waldorf Astoria provides. Once settled in, the difference is astounding with an elevated pool, fitness and yoga facility, tea lounge and in-room meal service.

21

26

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

+1 4% Y E A R OV E R Y E A R

- 9 % Y E A R OV E R Y E A R

- 6 0 % Y E A R OV E R Y E A R

+ 4 3 % Y E A R OV E R Y E A R

$

494

$

9.5M

$

3.4M

$

3M

$

1K

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

+1 9 % Y E A R OV E R Y E A R

+1 4% Y E A R OV E R Y E A R

+ 3 % Y E A R OV E R Y E A R

+ 9 0 % Y E A R OV E R Y E A R

+ 5 7 % Y E A R OV E R Y E A R

+1 8 % Y E A R OV E R Y E A R

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

JA N - D EC, 2 024

Turnberry Place

Park Towers

20 24

20 24

FO RT U N E S M I LE S O N TH E P R I V I LE G E D FE W W H O R E S I D E AT T U R N B E R RY P L AC E .

LU X U R I O U S LY C O S M O P O LITA N , WO R D S CA N O N P ROV I D E A G LI M P S E O F A N environment unmatched for gracious living within its four towers. Turnberry Place extends the idea of living well to an extreme few can imagine with residences of up to 5-bedrooms tastefully appointed by only the finest materials from the world over. Life at Turnberry Place begins with a 30,000 square foot European spa and fitness center and then continues on with indoor and outdoor pools, casual and fine dining restaurants and a full staff on call to provide service with practiced ease.

56

65

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

-2 % Y E A R OV E R Y E A R

-1 4% Y E A R OV E R Y E A R

2.5M

$

962K

$

820K

LI M ITE D TO O N LY 8 4 R E S I D E N C E S , PA R K TOW E R S I S LI M ITLE S S I N E V E RY OTH E R WAY. S IT UATE D W ITH I N M I N U TE S O F TH E L AS V E GAS S TR I P, PA R K TOW E R S I S TH E A P E X FO R those who are accustomed to refinement and rarity. Built with an absolute obsession to detail, every residence asserts itself through grand proportions and lavishness unseen in other properties. Park Towers is truly a world unto itself, for it is an environment where the amenities outnumber the residents.

7

49

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

+1 1% Y E A R OV E R Y E A R

+75% Y E A R OV E R Y E A R

+ 3 9 % Y E A R OV E R Y E A R

-3 3 % Y E A R OV E R Y E A R

$

391

$

2.93M

$

1.55M

$

1.13M

$

590

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

- 69 % Y E A R OV E R Y E A R

-1 9 % Y E A R OV E R Y E A R

- 4% Y E A R OV E R Y E A R

+ 3 3 % Y E A R OV E R Y E A R

- 6% Y E A R OV E R Y E A R

+ 0 % Y E A R OV E R Y E A R

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

JA N - D EC, 2 024

Turnberry Towers

Veer Towers

20 24

20 24

T U R N B E R RY TOW E R S I S A M ATC H E D S E T O F L AV I S H N E S S FE AT U R I N G T WO 4 5 - S TO RY TOW E R S P R E S E NTI N G A N I C H E LI FE S T Y LE U N I Q U E I N L AS V E GAS . T U R N B E R RY TOW E R S offers 3 and 4-bedroom residences with up to 9,000 square feet for its penthouse properties. Turnberry Towers is the very definition of international resort living. A serpentine pool meanders through the property, a 2,000 square foot fitness facility offers plethora of modern equipment, and there is even a private dog-walking park for four-legged fun.

41

63

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

-2 % Y E A R OV E R Y E A R

+1 1% Y E A R OV E R Y E A R

975K

$

504K

$

400K

D E S I G N E D BY H E LM U T JA H N , V E E R U N ITE S E N E RGY A N D E XC ITE M E N T AS IT S OA R S 37 S TO R I E S A B OV E L AS V E GAS . R E S I D E N C E S R A N G E FRO M S T U D I O S TO TH R E E- B E D RO O M S from 500 to 3,300 square feet set in an environment of affluent activity. A true boutique style residence, Veer lets you take entertaining straight to the top with an infinity-edged pool, sun deck and hospitality patio on the rooftop.

38

78

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

-3 3 % Y E A R OV E R Y E A R

-7 % Y E A R OV E R Y E A R

- 6% Y E A R OV E R Y E A R

+ 5% Y E A R OV E R Y E A R

$

457

$

2.49M

$

706K

$

575K

$

720

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

-2 % Y E A R OV E R Y E A R

-1 6% Y E A R OV E R Y E A R

- 0 % Y E A R OV E R Y E A R

+ 6 6% Y E A R OV E R Y E A R

+1 2 % Y E A R OV E R Y E A R

+ 5% Y E A R OV E R Y E A R

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

JA N - D EC, 2 024

Panorama Towers

The Martin

20 24

20 24

TOW E R I N G OV E R TH E L AS V E GAS S TR I P LI K E A N AQ UA B LU E WAV E , PA N O R A M A TOW E R S P ROV I D E S D I S C R I M I N ATI N G B U Y E R S A U N I Q U E O P P O RT U N IT Y TO LI V E W E LL in a more intimate environment. Panorama Towers offers a wealth of options in one and two-bedroom residences that range from 750 to 14,000 square feet and offer spectacular views of the Strip to the east and colorful beauty of Red Rock Canyon to the west. Panorama Towers is a world unto itself featuring his and hers spa facilities, a resort style pool with lounge areas, yoga and Pilates studio, indoor racquetball court and, best of all, 24-hour concierge service.

32

78

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

-24% Y E A R OV E R Y E A R

+ 9 % Y E A R OV E R Y E A R

3.6M

$

833K

$

541K

TH E M A RTI N ' S 4 0 0 - FO OT TOW E R OV E R LO O KS C IT Y C E NTE R A N D TH E L AS V E GAS S TR I P TH O U G H IT S FO U N DATI O N I S B U I LT O N U N S U R PAS S E D A M E N ITI E S . E AC H FLO O R at The Martin is a journey of complete refinement. Starting with the City Collection and rising to the Penthouse Collection, space and layouts may change, but magnificence is built in to every residence.

The common areas at The Martin are anything but common. Life at The Martin blends the best aspects of resort life with unparalleled ownership ease. Pool cabanas recall the most exotic vacation spots, while the Garden Lounge tranquility can only be matched in the yoga studio.

16

60

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

+1% Y E A R OV E R Y E A R

- 6% Y E A R OV E R Y E A R

+1% Y E A R OV E R Y E A R

+ 6% Y E A R OV E R Y E A R

$

474

$

6.75M

$

1.05M

$

571K

$

558

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

+1 1 2 % Y E A R OV E R Y E A R

+2 8 % Y E A R OV E R Y E A R

+7 % Y E A R OV E R Y E A R

+ 6 3 0 % Y E A R OV E R Y E A R

+75% Y E A R OV E R Y E A R

+1 8 % Y E A R OV E R Y E A R

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

Sky Las Vegas

Allure

20 24

20 24

S K Y L AS V E GAS R E D E F I N E S TH E C O N C E P T O F H I G H - R I S E LI V I N G . S O P H I S TI CATE D LY M O D E R N , S K Y B LE N D S S O C I A L A N D R E C R E ATI O N A L A M E N ITI E S S E A M LE S S LY. The residences at Sky Las Vegas run the gamut of well-appointed comfort. From the 870 square foot ultra suite to the 5,000 square foot, three-story penthouse, Sky Las Vegas reaches for the heavens for opulence.

Amenities surround you in a way unexpectedly reassuring. From the first floor concierge and dry cleaning service, to the private lounge and rooftop garden, Sky Las Vegas is an oasis in the sky.

28

48

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

+ 4 0 % Y E A R OV E R Y E A R

- 4 4% Y E A R OV E R Y E A R

3.2M

$

697K

$

550K

JA N - D EC, 2 024

A LLU R E I S A V I S UA LLY S TR I K I N G 41 -TOW E R H I G H - R I S E C O N D O M I N I U M TOW E R B OAS TI N G V I E W S TH AT S TA RT FRO M TH E B E G I N N I N G O F TH E WO R LD - FA M O U S Las Vegas Strip. Allure offers a multitude of floor plan options for one, two and three-bedroom condominiums, all offering floor to ceiling windows and the majority of the residences have balconies to soak up the sun and the views. Each residence is finished with granite countertops, upgraded appliances and Italian cabinetry.

Allure's central location ensures anything you desire is close at hand even before you leave the property.

Allure's concierge service will handle reservations and more to keep your time just that, your time.

21

64

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

+1 8 % Y E A R OV E R Y E A R

-1 6% Y E A R OV E R Y E A R

-1 4% Y E A R OV E R Y E A R

+ 4% Y E A R OV E R Y E A R

$

437

$

1.35M

$

435K

$

375K

$

317

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

+ 3 3 0 % Y E A R OV E R Y E A R

+ 4 2 % Y E A R OV E R Y E A R

+1 8 % Y E A R OV E R Y E A R

+1 3 9 % Y E A R OV E R Y E A R

+1 3 % Y E A R OV E R Y E A R

+2 % Y E A R OV E R Y E A R

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

Signature at MGM Grand

Vdara

20 24

20 24

S I G N AT U R E B OAS T S TH R E E TOW E R S S E T J U S T O FF TH E M O S T E XC ITI N G C O R N E R O F TH E WO R LD - FA M O U S L AS V E GAS S TR I P, TH E S I G N AT U R E R A I S E S TH E LI M IT S O N condominium-hotel living. A richness of choice for ownership begins with a 500 square foot deluxe suite and continues up to 1,500 square foot two-bedroom balcony suites. All create the ideal retreat with flawless amenities and spectacularly unreal views. The Signature takes personal service to precise perfection. From drinks in the private lounge to a private poolside cabana or the ease of using the concierge to provide you access to all you desire, The Signature is the name for luxury.

99

63

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

- 4 2 % Y E A R OV E R Y E A R

+ 5% Y E A R OV E R Y E A R

875K

$

394K

$

360K

JA N - D EC, 2 024

V DA R A I S A M O D E R N LU X U RY TOW E R TH AT R A D I ATE S E LE GA N C E A N D S O P H I S TI CATI O N . LO CATE D I N TH E H E A RT O F TH E L AS V E GAS S TR I P, TH I S H I G H - R I S E has breathtaking views of the city. Buyers can choose between studio, one-bedroom, and two-bedroom suites, each offering luxurious amenities and finishes. With amenities including a rooftop pool, full service spa and salon, fitness center and diverse dining options, this is a great Las Vegas Strip opportunity.

11

20

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

+7 % Y E A R OV E R Y E A R

-3 1% Y E A R OV E R Y E A R

-76% Y E A R OV E R Y E A R

+ 8 % Y E A R OV E R Y E A R

$

594

$

1.29M

$

794K

$

680K

$

1K

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

+1% Y E A R OV E R Y E A R

+2 % Y E A R OV E R Y E A R

+ 8 % Y E A R OV E R Y E A R

+ 3 2 % Y E A R OV E R Y E A R

+1 6% Y E A R OV E R Y E A R

+1 7 % Y E A R OV E R Y E A R

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

JA N - D EC, 2 024

Trump Tower

Palms Place

20 24

20 24

S H E ATH E D I N G O LD W I N D OW S FRO M TO P TO B OT TO M , D O N A LD TRU M P ' S F I R S T L AS V E GAS P RO J E C T I S S IT UATE D S LI G HTLY O FF TH E L AS V E GAS S TR I P AC RO S S FRO M TH E Fashion Show Mall and The Wynn Las Vegas. The 64-story tower, reminiscent of Trump's New York tower offers 880 studio units, 352 one-bedroom models and 50 superior penthouse suites of one, two and three bedrooms spanning the top four floors. Each of the properties is lavishly appointed in true Trump style.

Personal amenities abound at Trump Tower with 24-hour concierge services, a calming day spa, heating swimming pool, a full service business center and dining choices, whether Michelin-rated or poolside.

66

65

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

+ 5% Y E A R OV E R Y E A R

- 9 % Y E A R OV E R Y E A R

900K

$

373K

$

297K

L AV I S H I S TH E O N LY WO R D TO D E S C R I B E PA LM S PA L AC E . R I S I N G 5 0 S TO R I E S , PA LM S PA L AC E I S S IT UATE D A D JAC E NT TO TH E PA LM S CAS I N O & R E S O RT. A N D, YO U D O N ' T have to worry about the walking distance as a moving walkway glides you to the casino. The tower provides 600 square foot studios, 1,200 square foot one-bedrooms and several 7,000 square foot penthouse residences, all with amenities designed for celebrities. Owners have full use of five Palms' restaurants, spa, pool and nightclubs.

59

66

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

+1 2 % Y E A R OV E R Y E A R

0 % Y E A R OV E R Y E A R

+1% Y E A R OV E R Y E A R

+ 3 % Y E A R OV E R Y E A R

$

560

$

3.1M

$

439K

$

340K

$

470

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

+ 5 0 % Y E A R OV E R Y E A R

+24% Y E A R OV E R Y E A R

+1 2 % Y E A R OV E R Y E A R

+1 5% Y E A R OV E R Y E A R

+ 9 % Y E A R OV E R Y E A R

- 6% Y E A R OV E R Y E A R

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

Newport Lofts

Soho Lofts

20 24

20 24

N E W P O RT LO F T S S IT S I N TH E C U LT U R A L E P I C E N TE R O F L AS V E GAS M A R K I N G IT A P L AC E FO R TH E R E F I N E D C R E ATI V E S O U L . W H I LE N E W P O RT LO F T S I S TH E E P ITO M E O F loft living, it is the surrounding area that makes it so desirable. Out of the way restaurants, a multitude of art galleries and at it's very heart a place to refuel artistic passions.

7

114

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

+2 5 0 % Y E A R OV E R Y E A R

+ 8 6% Y E A R OV E R Y E A R

905K

$

506K

$

515K

JA N - D EC, 2 024

C E NTE R E D I N TH E D OW NTOW N A RT S D I S TR I C T, S O H O LO F T S R E CA LL LI FE I N A N E AS T C OAS T U R BA N E N V I RO N M E NT. TH E F I R S T FLO O R O F S O H O LO F T S I S D E D I CATE D TO retail including a grocery, a salon, and more on the way. While individual lofts provide a perfect canvas for work and living. All around Soho Lofts, the creative community flourishes with art galleries, unique shops and a very artistic spirit.

8

56

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

+1 6% Y E A R OV E R Y E A R

+ 3 3 % Y E A R OV E R Y E A R

-1 9 % Y E A R OV E R Y E A R

+2 5% Y E A R OV E R Y E A R

$

345

$

570K

$

478K

$

483K

$

309

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

+ 6 8 % Y E A R OV E R Y E A R

+1 4% Y E A R OV E R Y E A R

+ 3 % Y E A R OV E R Y E A R

+2 0 % Y E A R OV E R Y E A R

+1 9 % Y E A R OV E R Y E A R

+ 8 % Y E A R OV E R Y E A R

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

Juhl

20 24

L AS VEGAS HIGH RISE MARKE T RE P ORT

JA N - D EC, 2 024

The Ogden

J U H L I S A R E S I D E N TI A L TOW E R LO CATE D I N TH E H E A RT O F D OW N TOW N L AS V E GAS .

FE AT U R I N G A R A N G E O F S T Y LI S H , C O N TE M P O R A RY FLO O R P L A N S FRO M S T U D I O S TO two-bedroom units, this luxurious residence offers its occupants an upscale urban living experience. At Juhl residents can expect access to outstanding amenities such as 24-hour security, rooftop pool and lounge, and state-of-the-art fitness center. This premier destination also puts you close to some of Vegas's best attractions, including the Fremont Street Experience, The Smith Center for the Performing Arts, and the Las Vegas Arts District.

36

52

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

-1 6% Y E A R OV E R Y E A R

+1 0 % Y E A R OV E R Y E A R

1.1M

$

403K

$

20 24

332K

TH E O G D E N TOW E R I S A N U R BA N LI FE S T Y LE H I G H - R I S E B U I LD I N G S IT UATE D I N D OW NTOW N L AS V E GAS . N U M E RO U S C U S TO M LI V I N G S PAC E S A R E AVA I L A B LE , including studios and two-bedroom units. Each is carefully crafted to provide maximum comfort, investing in amenities and security with 24/7 security and resident services. Residents can take advantage of the rooftop pool, fitness center and entertainment spots nearby, like Fremont Street Experience and The Smith Center for the Performing Arts.

20

45

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

-1% Y E A R OV E R Y E A R

+ 3 3 % Y E A R OV E R Y E A R

-2 6% Y E A R OV E R Y E A R

+ 5% Y E A R OV E R Y E A R

$

374

$

787K

$

487K

$

455K

$

345

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

-7 % Y E A R OV E R Y E A R

+1% Y E A R OV E R Y E A R

-3 % Y E A R OV E R Y E A R

-1% Y E A R OV E R Y E A R

+7 % Y E A R OV E R Y E A R

- 0 % Y E A R OV E R Y E A R

L AS V EGAS HIGH R I S E M AR K E T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

JA N - D EC, 2 024

One Las Vegas

One Queensridge

20 24

20 24

O N E L AS V E GAS I S A H I G H - R I S E TOW E R LO CATE D O N TH E S O U TH E N D O F TH E L AS V E GAS S TR I P. TH I S R E S I D E N TI A L TOW E R O FFE R S A W I D E R A N G E O F FLO O R P L A N S , from one to three-bedroom units, all designed to offer luxury high-rise living. One Las Vegas offers exceptional amenities, including a resort-style pool, a state-of-the-art fitness center, and 24-hour security. The tower is located near shopping, dining, and entertainment options, including Allegiant Stadium, T-Mobile Arena, and Town Square.

19

68

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

-24% Y E A R OV E R Y E A R

+ 8 % Y E A R OV E R Y E A R

665K

$

438K

$

415K

N E S TLE D I N A N E XC LU S I V E N E I G H B O R H O O D I N TH E S O U G HT A F TE R C O M M U N IT Y O F Q U E E N S R I D G E , O N E Q U E E N S R I D G E I S TRU LY P E E R LE S S . TH AT W H I C H I M P R E S S E S I N other properties is but the beginning for One Queensridge. The residences at One Queensridge are known for gracious living with individual properties ranging from two to five-bedrooms and up to 15,000 square feet. Owners enjoy the use of an intimate lounge, a private dining room featuring a kitchen designed event catering and an outdoor terrace boasting views of the Las Vegas Strip.

18

57

M E D I A N P RI CE

TOTA L P ROP E RT I E S SOLD

AVE RAGE DAYS ON MA RKE T

M EDIAN PRICE

+1 4% Y E A R OV E R Y E A R

- 5% Y E A R OV E R Y E A R

-3 9 % Y E A R OV E R Y E A R

-1 7 % Y E A R OV E R Y E A R

$

296

$

5.5M

$

1.66M

$

1.12M

$

523

$

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

HI GHE ST SA LE

AVE RAGE P RI CE

AVERAGE PRICE PER S F

+2 % Y E A R OV E R Y E A R

+ 8 % Y E A R OV E R Y E A R

+ 5% Y E A R OV E R Y E A R

+1% Y E A R OV E R Y E A R

-1% Y E A R OV E R Y E A R

-3 % Y E A R OV E R Y E A R

2024 Annual Market Assessment

L AS V EGAS HIGH R I S E M AR KE T R E P O RT

JAN - D EC, 2024

Las Vegas High Rise Market Assessment

L AS VEGAS HIGH RISE MARKE T RE P ORT

Las Vegas High Rise Market Assessment

DAYS O N THE MAR K E T BY PR I C E P O I NT

T YPE O F SA LE BY PR I C E P O I NT

180+

$250K-$499K Price Point

$500K-$749K $750K-$999K

120-180

$250K-$499K

90-120

$500K-$749K

30-90

$1M-$1.49M

0-30

$1.5M-$1.99M

>$5M

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

50%

60

80

100% 100

FHA Cash

$1.5M-$1.99M

$5M+ 40

VA

$1M-$1.49M

$2M-$4.99M

20

Other

$750K-$1M

$2M-$4.99M

0

1031 Exchange

$0-$250K

Price Point

$0-$250K

0%

JA N - D EC, 2 024

CONV

00%

20

40

50%

60

Percent of Listings

Percent of Listings

Each Vertical Line Represents 10%

Each Vertical Line Represents 10%

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

80

100

100%

LAS V EGAS HIGH RI S E M AR KE T R E P O RT

JAN - D EC, 2024

Las Vegas High Rise Market Assessment

L AS VEGAS HIGH RISE MARKE T RE P ORT

Las Vegas High Rise Market Assessment

DAYS O N THE MAR K E T BY TOWE R

DAYS O N THE MA R K E T BY TOWE R

Allure

180+

Juhl

The Martin

90-120

One Las Vegas

30-90

One Queensridge Palms Place

<30

Panorama Towers

120-180

The Ogden Tower

Tower

Newport Lofts

180+

SoHo Lofts

120-180

MGM Signature

90-120

Trump International Turnberry Place

30-90

Turnberry Towers

<30

Vdara Veer Towers

Park Towers

Waldorf-Astoria

Sky Las Vegas 0% 0

20

50% 40 60 Percent of Listings

80

100% 100

0 0%

20

40

50%

60

Percent of Listings

Each Vertical Line Represents 10%

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

JA N - D EC, 2 024

Each Vertical Line Represents 10%

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

80

100 100%

LAS V EGAS HIGH RI S E M AR KE T R E P O RT

JAN - D EC, 2024

Las Vegas High Rise Market Assessment

L AS VEGAS HIGH RISE MARKE T RE P ORT

Las Vegas High Rise Market Assessment

LI STIN GS S O LD BY PR I C E R A N G E

LI STIN GS S O LD BY PR I C E R A N G E

Allure

$1.5M-$1.99M

One Las Vegas

$1M-$1.49M

One Queensridge Palms Place

$750K-$1M

Panorama Towers

$500K-$749K

Park Towers

$250K-$499K

Sky Las Vegas 50%

100%

$100K-$250K

Tower

Tower

Newport Lofts

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

Juhl The Martin MGM Signature The Ogden

$2M-$4.99M

MGM Signature

>$5M >$5M

Allure SoHo Lofts

>$5M

Juhl

0%

JA N - D EC, 2 024

$2M-$4.99M $2M-$4.99M $1.5M-$1.99M $1.5M-$1.99M

Newport Lofts Trump International One Las Vegas Turnberry Place One Queensridge Turnberry Towers Palms Place Vdara Panorama Towers Veer Towers Park Towers Waldorf-Astoria Sky Las Vegas

$1M-$1.49M $1M-$1.49M $750K-$1M $750K-$1M $500K-$749K $500K-$749K $250K-$499K $250K-$499K 0%

50%

Percent of Listings

Percent of Listings

Each Vertical Line Represents 10%

Each Vertical Line Represents 10%

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

100%

$100K-$250K $100K-$250K

Economic Information & Sales Data

LAS V EGAS HIGH RI S E M AR KE T R E P O RT

JAN - D EC, 2024

Las Vegas Economic Information

L AS VEGAS HIGH RISE MARKE T RE P ORT

Las Vegas Economic Information

TO P L AS VEGAS MI G R ATO RY STATE S*

TO P 1 0 L AS VEGAS LO CA L MI G R ATO RY M A R K E T S*

WA MT

ME

ND

OR

MN ID

VT WI

SD

NY

WY NV

MI IA

NE UT

PA IL

CO KS

CA

AZ

OK

NM

OH

IN

MD

MO

NC

TN AR

TO P 1 0

*SOURCE: 2021-2022 MIGRATION DATA, IRS

State

% of Inflow

Rank

County of Origin

State

% of Inflow

1

Los Angeles County

CA

14.6%

6

Honolulu County

HI

3%

2

Orange County

CA

4.3%

7

Maricopa County

AZ

2.7%

3

San Bernardino County

CA

4.1%

8

Cook County

IL

1.7%

4

San Diego County

CA

3.9%

9

Santa Clara County

CA

1.6%

5

Riverside County

CA

3.6%

10

Alameda County

CA

1.6%

NJ DE

LO CA L MI G R ATO RY MA R K E T C O MPA R ATIVE EC O N O M I C DATA* *

SC AL

GA

LA

FL

TO P 5

MA CT RI

County of Origin

VA

KY

AK

HI

NH

Rank

WV

MS TX

JA N - D EC, 2 024

Las Vegas

Los Angeles

San Diego

San Francisco

Riverside

Chicago

Phoenix

Payroll Tax

1.17%

6.6%

6.6%

6.6%

6.6%

4.95%

5.1%

Corporate Income Tax Rate (Top Bracket)

0%

8.84%

8.84%

8.84%

8.84%

9.5%

4.9%

Individual Income Tax Rate (Top Bracket)

0%

13.3%

13.3%

13.3%

13.3%

4.95%

2.5%

Sales Tax Rate (State Minimum)

6.85%

7.25%

7.25%

7.25%

7.25%

6.25%

5.6%

Property Tax Rate

0.59%

0.75%

0.75%

0.75%

0.75%

2.05%

0.63%

Cost of Living Index

99.7

148.6

145.6

167.4

116.1

115.0

107.3

Housing Opportunity Index

14.2

2.7

4.0

5.7

11.0

52.0

21.7

TO P 1 5

*SOURCE: 2021-2022 MIGRATION DATA, IRS **SOURCE: LAS VEGAS GLOBAL ECONOMIC ALLIANCE, 2024

LAS V EGAS HIGH RI S E M AR KE T R E P O RT

JAN - D EC, 2024

L AS VEGAS HIGH RISE MARKE T RE P ORT

Las Vegas High Rise Historical Sales Data

Las Vegas High Rise Historical Sales Data

HI GH R I S E SALES: U N D E R $ 1 M

HI G H R I S E SA LES: $ 1 M + LU X U RY S EG M E NT

1500

300 1200

Total Units Sold

250 200

900 150 100

600

Q4

Q4

35

Q3

Q3

30

Q2

Q2

Q1

Q1

Total

Total

120

100

25

Total Units Sold

350

20 80 15 10

60

5

50 0

JA N - D EC, 2 024

2021 2023 2019 2020 2022 2024 Sales:2014 2014Sales:2015 2015Sales:2016 2016Sales:2017 2017Sales:2018 2018Sales: 2019Sales: 2020Sales: 2021Sales: 2022 Sales: 2023 Sales: 2024

Total: YoY:

571 N/A

671 +17.51%

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

764 + 13.86%

902 +18.06%

882 -2.22%

632 -28.34%

534 -15.51%

1219 +128.28%

902 -26.00%

728 -19.29%

641 -11.95%

300

0

2021 2023 2019 2020 2022 2024 Sales:2014 2014Sales:2015 2015Sales:2016 2016Sales:2017 2017Sales:2018 2018Sales: 2019Sales: 2020Sales: 2021Sales: 2022 Sales: 2023 Sales: 2024

Total: YoY:

66 N/A

70 +6.06%

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

54 -22.86%

67 +24.07%

65 -2.99%

63 -3.08%

50 -20.63%

104 +108.00%

101 -2.88%

81 -19.80%

80 -1.23%

40

Q4

Q4

Q3

Q3

Q2

Q2

Q1

Q1

Total

Total

LAS V EGAS HIGH RI S E M AR KE T R E P O RT

JAN - D EC, 2024

Market Report Methodology Where Excellence Finds a Home O U R M A R K E T R E P O RT O FFE R S C U R R E N T A N D VA LUA B LE I N FO R M ATI O N R E GA R D I N G TH E LO CA L M A R K E T. E AC H A R E A R E P O RTE D O N I S B RO K E N D OW N BY N E I G H B O R H O O D A N D C O N TA I N S S P E C I F I C D E TA I L S A N D I N S I G HT S R E L ATE D TO TH AT M A R K E T.

H E N D E RS O N 1 1 70 E. SUN SET ROAD, 2N D FLO O R H EN DERSO N , N V

METRICS

DEFINITIONS

Total Properties Sold: The total number of properties that closed within the time period reported.

Payroll Tax: Local and other imposed payroll tax, as reported by individual jurisdictions.

Highest Sale: The highest priced property that was sold in the area being reported on during the time period reported.

Corporate Income Tax: An income tax is a government levy imposed on individuals or entities that varies with the income or profits of the taxpayer. Details vary widely by jurisdiction.

Average Price Per SF: The average price per square foot of properties sold in the reported area.

Average Price: The price calculated by dividing the combined prices of properties by the amount of sold properties in that same area.

Median Price: The middle or midpoint price where half of sales fall below and half fall above this number.

Days on Market: Averages how long a unit takes to sell and is calculated from subtracting the list date from the date of close.

High Rise: High Rise buildings are defined as buildings taller than 5 stories.

Homes: All statistics reported in the "Las Vegas Valley" report include only single family residential properties in Las Vegas, North Las Vegas, and Henderson.

702.331 .3948

M AC D O N A LD H I G H L A N DS 552 S. ST EPH AN IE ST REET H EN DERSO N , N V 702.61 4.9 1 00

Individual Income Tax: An income tax is a government levy imposed on individuals or entities that varies with the income or profits of the taxpayer. Details vary widely by jurisdiction.

Sales Tax Rate: Sales tax rates vary among districts within local jurisdictions and at the state-level.

Property Tax Rate: Figures are mean effective property tax rates on owner-occupied housing (total real taxes paid / total home value). As a result, the data exclude property taxes paid by business men, renters, and others.

S U M M E R LI N 1 700 S. PAVILIO N CEN T ER DRIVE, SUIT E 1 50 LAS VEGAS, N V 702.61 6 .1 9 1 0

SOURCE

Figures in this report are based on publicly reported closed sales information via the Multiple Listing Service, unless otherwise noted.

FOR MORE RE AL E STATE INSIGHTS AND INSP IRATIO N , FOL LOW US @D OUGL ASEL L IMAN_NE VADA

1700 S PAVILION CENTER DRIVE, SUITE 150, LAS VEGAS, NV 89135. 702.616.1910 LIC.# B.1001894 © 2025 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. PLEASE NOTE THAT DOUGLAS ELLIMAN WAS NOT PARTY TO ALL THESE TRANSACTIONS.