![]() Las Vegas broker and Realtor Anthony Spiegel, a member of the Ivan Sher Group in Berkshire Hathaway HomeService, Nevada Properties, had the highest sale this year at Sky Las Vegas for $4.35 million. It will be interesting to see how that might translate into demand for real estate within the resort corridor in the second half of this year.” “It appears there is pent-up demand for leisure travel to Southern Nevada. “Thinking back to this time a year ago, sales activity, particularly in the resort corridor, contracted and a heightened level of uncertainty prevailed as Las Vegas Strip resorts closed their doors for 78 days,” Applied Analysis Principal Brian Gordon said. ![]() The firm tracks 21 high-rise towers, most of which are on or near the Strip. The 224 are the most sales since the third quarter of 2018, when there were 227. Research firm Applied Analysis reported there were 224 high-rise closings between January and March, which is less than half of the 505 for 12 months of 2020 and well above the 150 during the first quarter of 2020. Also, the highest high-rise sale of the year, $4.35 million, took place in April at a Sky Las Vegas penthouse. The strength of the high-rise market has extended into April, where the reported highest price per square foot ever paid for a Strip condo was set at The Cosmopolitan. The Las Vegas high-rise market, which slumped in 2020 amid the COVID-19 pandemic, has re-emerged in 2021 with one of its strongest first quarters ever, led in part by a surge in sales at the Trump International on the Strip.Įven the segment with closings of $1 million and above had one of its strongest quarters ever.
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