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Even with Covid-19 the real estate market is booming in Las Vegas and Henderson. Mortgage rates are at an all-time low as well as inventory. This is especially true in the Las Vegas luxury condo market. The luxury existing single-family housing market has fared well and has been comparable to the first half of 2019 despite COVID-19, but the same can’t be said for the high-rise market.
During the first quarter, the 150 sales were up 4.9 percent in the 21 high-rises on the Strip and elsewhere in the valley tracked by Las Vegas research firm Applied Analysis. There was a dip during the Covid crisis but luxury condo sales are bouncing back.
A condo sold at One Queensridge place for $4 million and another at Queensridge for $2.4 million. Another sold for $3.7 million at Turnberry Place. Yet another sold at The Waldorf Astoria for $2.65 million dollars.
See luxury hi-rise condos for sale in Las Vegas below