2021Q3 - Las Vegas High Rise Market Report

The Corcoran Report 3Q | 2021 | L AS VEGAS HIGH RISE Don Kuhl

L A S V EG A S HI GH R I SE

3 Q 2 021 | L A S V EG A S HI GH R I SE

Overview Total Sold

Highest Sale

14 . 0 % Y E A R OV E R Y E A R

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

171

$3.5M

Total properties sold for Las Vegas High Rise changed 14.0% year-over-year to 171.

The highest sale price in Las Vegas High Rise changed 0.0% year-over-year to $3.5M.

Days on Market

Lowest Sale

82

$100K

-1. 2 % Y E A R OV E R Y E A R

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

Average days on market for Las Vegas High Rise changed -1.2% to 82 days.

The lowest sale price in Las Vegas High Rise changed 0.0% year-over-year to $100K.

Median Price

Average Price

$320K

$480K

Median price in Las Vegas High Rise changed -4.3% year-over-year to $320K.

Average price in Las Vegas High Rise changed -5.6% year-over-year to $480K.

- 4 . 3 % Y E A R OV E R Y E A R

- 5 . 6% Y E A R OV E R Y E A R

3 Q 2 021 | 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 -42.9% year-over-year.

• The highest sale price changed by 16.7% year-over-year, while the lowest sale price changed 23.7% year-over-year.

• Average days on market for Waldorf-Astoria changed 53.5% to 89 days.

• Waldorf-Astoria average price changed -6.4% year-over-year, and the median price changed -35.7% year-over-year.

Total Properties Sold

Average Price

Highest Sale

4

$2.1M

$4.1M

- 42 .9 % Y E AR OV ER Y E AR

- 6.4% Y E AR OV ER Y E AR

16.7% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

89

$1.5M

$1.2M

53. 5% Y E AR OV ER Y E AR

- 3 5.7% Y E AR OV ER Y E AR

23.7% Y E AR OV ER Y E AR

3 Q 2 021 | 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 100.0% year-over-year.

• The highest sale price changed by 100.0% year-over-year, while the lowest sale price changed 100.0% year-over-year.

• Average days on market for Park Towers changed 100.0% to 132 days.

• Park Towers average price changed 100.0% year-over-year, and the median price changed 100.0% year-over-year.

Total Properties Sold

Average Price

Highest Sale

2

$4.1M

$5.5M

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

132

$4.1M

$2.7M

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

3 Q 2 021 | V EER TOW ER S | L A S V EG A S HI GH R I SE

Veer Towers • Veer Towers sales changed by -6.7% year-over-year.

• The highest sale price changed by -41.0% year-over-year, while the lowest sale price changed 9.3% year-over-year.

• Average days on market for Veer Towers changed 62.9% to 145 days.

• Veer Towers average price changed -25.3% year-over-year, and the median price changed -2.6% year-over-year.

Total Properties Sold

Average Price

14

$543K $1.2M

- 6.7% Y E AR OV ER Y E AR

-25. 3% Y E AR OV ER Y E AR

- 41.0 % Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

145

$468K $295K

62 .9 % Y E AR OV ER Y E AR

-2 .6% Y E AR OV ER Y E AR

Highest Sale

9. 3% Y E AR OV ER Y E AR

3 Q 2 021 | 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 450.0% year-over-year.

• The highest sale price changed by 185.7% year-over-year, while the lowest sale price changed -22.1% year-over-year.

• Average days on market for One Queensridge changed 219.4% to 99 days.

• One Queensridge average price changed 32.6% year-over-year, and the median price changed -2.7% year-over-year.

Total Properties Sold

Average Price

Highest Sale

11

$1.6M

$4.0M

4 50.0 % Y E AR OV ER Y E AR

32 .6% Y E AR OV ER Y E AR

18 5.7% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

99

$1.2M

$750K

219.4% Y E AR OV ER Y E AR

-2 .7% Y E AR OV ER Y E AR

-22 .1% Y E AR OV ER Y E AR

3 Q 2 021 | 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 316.7% year-over-year.

• The highest sale price changed by 303.5% year-over-year, while the lowest sale price changed 24.2% year-over-year.

• Average days on market for Trump Tower changed 316.7% to 100 days.

• Trump Tower average price changed 81.4% year-over-year, and the median price changed 67.7% year-over-year.

Total Properties Sold

Average Price

25

$346K $920K

316.7% Y E AR OV ER Y E AR

81.4% Y E AR OV ER Y E AR

3 03. 5% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

100

$299K $207K

316.7% Y E AR OV ER Y E AR

67.7% Y E AR OV ER Y E AR

Highest Sale

24. 2 % Y E AR OV ER Y E AR

3 Q 2 021 | 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 100.0% year-over-year, while the lowest sale price changed 100.0% year-over-year.

• Average days on market for Vdara changed 100.0% to 233 days.

• Vdara average price changed 100.0% year-over-year, and the median price changed 100.0% year-over-year.

Total Properties Sold

Average Price

Highest Sale

11

$515K

$965K

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

233

$465K $365K

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

3 Q 2 021 | 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 257.1% year-over-year.

• The highest sale price changed by 119.7% year-over-year, while the lowest sale price changed 2.7% year-over-year.

• Average days on market for Signature MGM changed 4.1% to 76 days.

• Signature MGM average price changed 27.4% year-over-year, and the median price changed 17.6% year-over-year.

Total Properties Sold

Average Price

Highest Sale

50

$313K

$725K

257.1% Y E AR OV ER Y E AR

27.4% Y E AR OV ER Y E AR

119.7% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

76

$278K

$190K

4.1% Y E AR OV ER Y E AR

17.6% Y E AR OV ER Y E AR

2 .7% Y E AR OV ER Y E AR

3 Q 2 021 | 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 44.4% year-over-year.

• The highest sale price changed by -60.8% year-over-year, while the lowest sale price changed 24.2% year-over-year.

• Average days on market for Palms Place changed -39.8% to 56 days.

• Palms Place average price changed -4.1% year-over-year, and the median price changed 34.2% year-over-year.

Total Properties Sold

Average Price

13

$322K $480K

4 4.4% Y E AR OV ER Y E AR

- 4.1% Y E AR OV ER Y E AR

- 6 0.8% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

56

$275K

$205K

- 39.8% Y E AR OV ER Y E AR

3 4. 2 % Y E AR OV ER Y E AR

Highest Sale

24. 2 % Y E AR OV ER Y E AR

3 Q 2 021 | 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 160.0% year-over-year.

• The highest sale price changed by 40.0% year-over-year, while the lowest sale price changed -4.6% year-over-year.

• Average days on market for Sky Las Vegas changed 12.1% to 102 days.

• Sky Las Vegas average price changed 25.7% year-over-year, and the median price changed 42.5% year-over-year.

Total Properties Sold

Average Price

13

$450K $595K

16 0.0 % Y E AR OV ER Y E AR

25.7% Y E AR OV ER Y E AR

4 0.0 % Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

102

$520K $263K

12 .1% Y E AR OV ER Y E AR

42 . 5% Y E AR OV ER Y E AR

Highest Sale

- 4.6% Y E AR OV ER Y E AR

3 Q 2 021 | 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 360.0% year-over-year.

• The highest sale price changed by -8.2% year-over-year, while the lowest sale price changed -4.0% year-over-year.

• Average days on market for Turnberry Place changed -51.0% to 48 days.

• Turnberry Place average price changed -33.7% year-over-year, and the median price changed -14.4% year-over-year.

Total Properties Sold

Average Price

Highest Sale

23

$891K

$2.8M

3 6 0.0 % Y E AR OV ER Y E AR

- 33.7% Y E AR OV ER Y E AR

- 8. 2 % Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

48

$775K

$360K

- 51.0 % Y E AR OV ER Y E AR

-14.4% Y E AR OV ER Y E AR

- 4.0 % Y E AR OV ER Y E AR

3 Q 2 021 | 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 163.6% year-over-year.

• The highest sale price changed by 39.7% year-over-year, while the lowest sale price changed 3.3% year-over-year.

• Average days on market for Turnberry Towers changed -65.3% to 42 days.

• Turnberry Towers average price changed -3.4% year-over-year, and the median price changed -14.2% year-over-year.

Total Properties Sold

Average Price

Highest Sale

29

$527K

$1.0M

16 3.6% Y E AR OV ER Y E AR

- 3.4% Y E AR OV ER Y E AR

39.7% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

42

$500K $310K

- 6 5. 3% Y E AR OV ER Y E AR

-14. 2 % Y E AR OV ER Y E AR

3. 3% Y E AR OV ER Y E AR

3 Q 2 021 | A L LU R E | L A S V EG A S HI GH R I SE

Allure • Allure sales changed by 100.0% year-over-year.

• The highest sale price changed by 94.3% year-over-year, while the lowest sale price changed 11.8% year-over-year.

• Average days on market for Allure changed -43.1% to 29 days.

• Allure average price changed 47.4% year-over-year, and the median price changed 50.6% year-over-year.

Total Properties Sold

Average Price

12

$323K $483K

10 0.0 % Y E AR OV ER Y E AR

47.4% Y E AR OV ER Y E AR

94. 3% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

29

$324K $218K

- 4 3.1% Y E AR OV ER Y E AR

50.6% Y E AR OV ER Y E AR

Highest Sale

11.8% Y E AR OV ER Y E AR

3 Q 2 021 | 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 320.0% year-over-year.

• The highest sale price changed by 31.1% year-over-year, while the lowest sale price changed -23.7% year-over-year.

• Average days on market for Panorama Towers changed -32.6% to 58 days.

• Panorama Towers average price changed 16.7% year-over-year, and the median price changed 14.6% year-over-year.

Total Properties Sold

Average Price

Highest Sale

21

$578K

$1.4M

320.0 % Y E AR OV ER Y E AR

16.7% Y E AR OV ER Y E AR

31.1% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

58

$430K $255K

- 32 .6% Y E AR OV ER Y E AR

14.6% Y E AR OV ER Y E AR

-23.7% Y E AR OV ER Y E AR

3 Q 2 021 | THE M A R TIN | L A S V EG A S HI GH R I SE

The Martin • The Martin sales changed by 50.0% year-over-year.

• The highest sale price changed by 305.4% year-over-year, while the lowest sale price changed 3.4% year-over-year.

• Average days on market for The Martin changed 125.8% to 70 days.

• The Martin average price changed 98.1% year-over-year, and the median price changed 46.2% year-over-year.

Total Properties Sold

Average Price

Highest Sale

9

$1.0M

$3.8M

50.0 % Y E AR OV ER Y E AR

98.1% Y E AR OV ER Y E AR

3 0 5.4% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

70

$620K $398K

125.8% Y E AR OV ER Y E AR

4 6. 2 % Y E AR OV ER Y E AR

3.4% Y E AR OV ER Y E AR

3 Q 2 021 | 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 -62.0% year-over-year, while the lowest sale price changed -62.0% year-over-year.

• Average days on market for Metropolis changed 85.4% to 241 days.

• Metropolis average price changed -62.0% year-over-year, and the median price changed -62.0% year-over-year.

Total Properties Sold

Average Price

Highest Sale

1

$211K

$211K

0.0 % Y E AR OV ER Y E AR

- 62 .0 % Y E AR OV ER Y E AR

- 62 .0 % Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

241

$211K

$211K

8 5.4% Y E AR OV ER Y E AR

- 62 .0 % Y E AR OV ER Y E AR

- 62 .0 % Y E AR OV ER Y E AR

3 Q 2 021 | 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 233.3% year-over-year.

• The highest sale price changed by 36.9% year-over-year, while the lowest sale price changed -36.4% year-over-year.

• Average days on market for Regency Towers changed -9.3% to 68 days.

• Regency Towers average price changed 12.8% year-over-year, and the median price changed 26.9% year-over-year.

Total Properties Sold

Average Price

Highest Sale

10

$310K

$445K

233. 3% Y E AR OV ER Y E AR

12 .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

68

$355K $140K

-9. 3% Y E AR OV ER Y E AR

26.9 % Y E AR OV ER Y E AR

- 3 6.4% Y E AR OV ER Y E AR

3 Q 2 021 | 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 83.3% year-over-year.

• The highest sale price changed by 62.5% year-over-year, while the lowest sale price changed 43.4% year-over-year.

• Average days on market for One Las Vegas changed -47.7% to 56 days.

• One Las Vegas average price changed -0.6% year-over-year, and the median price changed 4.2% year-over-year.

Total Properties Sold

Average Price

Highest Sale

22

$475K

$1.3M

83. 3% Y E AR OV ER Y E AR

- 0.6% Y E AR OV ER Y E AR

62 . 5% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

56

$430K $273K

- 47.7% Y E AR OV ER Y E AR

4. 2 % Y E AR OV ER Y E AR

4 3.4% Y E AR OV ER Y E AR

3 Q 2 021 | THE O G DEN | L A S V EG A S HI GH R I SE

The Ogden • The Ogden sales changed by 100.0% year-over-year.

• The highest sale price changed by 37.5% year-over-year, while the lowest sale price changed 2.2% year-over-year.

• Average days on market for The Ogden changed -77.8% to 28 days.

• The Ogden average price changed 6.6% year-over-year, and the median price changed -0.6% year-over-year.

Total Properties Sold

Average Price

12

$390K $633K

10 0.0 % Y E AR OV ER Y E AR

6.6% Y E AR OV ER Y E AR

37. 5% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

28

$365K $275K

-77.8% Y E AR OV ER Y E AR

- 0.6% Y E AR OV ER Y E AR

Highest Sale

2 . 2 % Y E AR OV ER Y E AR

3 Q 2 021 | 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 -40.0% year-over-year.

• The highest sale price changed by 93.8% year-over-year, while the lowest sale price changed 12.8% year-over-year.

• Average days on market for Newport Lofts changed -76.5% to 12 days.

• Newport Lofts average price changed 81.1% year-over-year, and the median price changed 95.6% year-over-year.

Total Properties Sold

Average Price

Highest Sale

3

$585K

$775K

- 4 0.0 % Y E AR OV ER Y E AR

81.1% Y E AR OV ER Y E AR

93.8% Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

12

$715K

$265K

-76. 5% Y E AR OV ER Y E AR

95.6% Y E AR OV ER Y E AR

12 .8% Y E AR OV ER Y E AR

3 Q 2 021 | 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 100.0% year-over-year.

• The highest sale price changed by 100.0% year-over-year, while the lowest sale price changed 100.0% year-over-year.

• Average days on market for Soho Lofts changed 100.0% to 4 days.

• Soho Lofts average price changed 100.0% year-over-year, and the median price changed 100.0% year-over-year.

Total Properties Sold

Average Price

2

$422K $464K

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

Days on Market

Median Price

Lowest Sale

4

$422K $380K

10 0.0 % Y E AR OV ER Y E AR

10 0.0 % Y E AR OV ER Y E AR

Highest Sale

10 0.0 % Y E AR OV ER Y E AR

L A S V EG A S HI GH R I SE

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 ©2021 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.