Las Vegas set an all-time record for the average sale price of high-rise condos closed during the third quarter, capped off by the second highest sale of the year for $9.5 million at the Waldorf Astoria.
Real Estate Millions
From the moment you begin the ascent to Ascaya, the desert gives way to sculpted stone walls, angular silhouettes, and a sense of calm that only elevation provides.
From striking skeletons and eerie ghosts to wicked witches and mischievous trolls, yards across the city boldly display the season’s most iconic frightening figures.
Las Vegas home rental market remains strong with a famous compound in the Historic District where Michael Jackson once partied being listed for $100,000 a month and a MacDonald Highlands home where Travis Kelce and Taylor Swift stayed is under lease for $85,000 a month.
High-end luxury home sales picked up in September as expected with Las Vegas registering three transactions in excess of $10 million with a house in The Ridges setting the bar.
A Summit Club home built by Blue Heron leads the way as the top listing in Las Vegas with an asking price of $32 million, and is one of eight homes on the market at the $19.9 million-plus range.
Every inch of the home is carefully considered and designed using different textures, colors, light, ceiling treatments and sound. Even the transitions between rooms/spaces are designed and methodically considered.
Two high-rise projects have surpassed $800 million in sales in what will add more luxury inventory to the Las Vegas marketplace.
The ultra high-end luxury residential market slowed in August with a $7.6 million sale topping the market as higher-priced transactions are expected to pick up in the fall.
Renowned architect Richard Luke, AIA, creates custom luxury homes that embody a striking “wow” factor. His design for 665 Overlook Rim Drive takes the concept to a whole new level — actually, three levels.
Renowned architect Richard Luke, AIA, creates custom luxury homes that embody a striking “wow” factor. His design for 665 Overlook Rim Drive takes the concept to a whole new level — actually, three levels.
The high-rise condo market recorded its second highest average sales price in history during the second quarter and is off to a strong start in the third quarter with an $8.8 million sale at the Waldorf Astoria, the estate of Elaine Wynn selling her unit in Park Towers for $8.25 million and a condo in the Summit Club selling for $7 million. All three sales were in August.
Led by an emerging luxury custom-home community in Summerlin called Ascension, Las Vegas homebuilders have sold 47 percent more homes during the first half of 2025 priced at $1 million and higher.
Integrating pet-friendly amenities into luxury residences has become increasingly popular, reflecting a shift in the perception of our beloved animals — as cherished family members who deserve special attention and pampering.
The Las Vegas luxury resale market remains on a record pace through July led by a $25.25 million sale in MacDonald Highlands. It was one of 171 sales of $1 million and higher in July, matching the same number in July 2024. The average price paid for a luxury home in July was $1.96 million, according to Forrest Barbee, corporate broker of Berkshire Hathaway Home Service. Barbee reported there were 195 pending sales of $1 million and higher, showing that the luxury market isn’t slowing down while sales are down in the market overall.
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