High-rise condos sales to hit record-breaking year

Construction continues to ramp up connected luxury high-rise condo improvement successful the Henderson hillsides portion income proceed for 2 different developments successful downtown Las Vegas that are acceptable to interruption ground.

The latest developments successful the caller operation condo marketplace comes arsenic prices proceed to escalate successful the existing marketplace.

A study released by Applied Analysis shows that the mean terms of high-rise condos sold successful 2026 is connected way to person a year-end grounds and highest terms per quadrate ft successful history. It was led by a merchantability astatine the Waldorf Astoria for $11.8. The portion measures astir 4,000 quadrate feet with 2 bedrooms connected the 37th floor.

Those existing condo income proceed to alteration with 263 done the archetypal fractional of the year, down from 293 successful the archetypal six months of 2025. There were 339 successful the archetypal fractional of 2024, 405 successful the archetypal fractional of 2023 and 638 successful the archetypal fractional of 2022.

The mean income terms during the archetypal fractional of 2026 was $793, 194. The highest mean implicit the people of a twelvemonth was $746,676 successful 2025. It had a terms per quadrate ft of $543, which is being surpassed truthful acold this twelvemonth with $546.

Henderson

A caller condo improvement successful McDonald Highlands successful Henderson — the Four Seasons Private Residences Las Vegas — remains connected way to beryllium completed by Sept. 1, 2027. The astir costly portion connected the marketplace astatine the Four Seasons is listed for $35 million.

The high-end development, which has secured astir $700 cardinal successful operation financing from J.P. Morgan, Sculptor Real Estate and Morning Calm Management, has $887 cardinal successful income with 145 of 171 residences nether a hard contract. There were 20 income worthy $181.3 cardinal truthful acold this twelvemonth and they expect to merchantability disconnected the condos by the clip the task opens.

“Every azygous 1 of these is simply a hard contract,” said Craig Eddins, enforcement vice president of the Four Seasons project. “We are good done our options and upgrades truthful each of our existing buyers person been done the programme and capable to prime their colors and modifications and tin take their hardware and furnishings packages.”

There are units disposable for little than $2,000 a quadrate ft based connected the interior abstraction with inferior penthouses successful the debased $3,000s with the highest near successful the $4,000-plus per quadrate ft range.

Several condos person been sold successful excess of $20 cardinal but the latest connected the marketplace is for $35 million. It has 11,767 quadrate feet of surviving country with an interior of 8,403 quadrate feet. The penthouse has a ample patio with a excavation and blistery tub.

Eddins said the northbound operation has reached 21 of its 25 stories portion the southbound operation has reached 19 of its 24 stories. They volition beryllium topped disconnected by Oct. 1.

“The operation is going well,” Eddins said. “The manpower connected the crushed has 400 employees, and determination volition soon beryllium 600. The solid is going to commencement going successful a mates of weeks. As it goes up, the bottommost floors get framed retired and the exterior finishes are getting done.”

As for the buyers, Eddins said the bulk proceed to beryllium from retired of authorities oregon radical who person precocious moved to Las Vegas. There are greater numbers moving from Washington authorities wherever luxury taxes person been hiked. These higher net-worth radical are looking astatine the Phoenix area, Texas and Las Vegas, helium said.

“There is specified a question from the authorities of Washington,” Eddins said. “We’ve had 10 income from Washington buyers successful 2026 unsocial and 24 successful total. They are looking astatine single-family homes successful MacDonald Highlands oregon Southern Highlands and Summerlin with respective purchases successful The Summit. I don’t consciousness thing from the economy. Our buyers are coming with a intent and a request and are blessed with what they are uncovering based connected our sales.”

Four Seasons volition formally denote successful October that it plans a constricted fig of single-family luxury homes successful the envelope of its condo improvement and volition commencement going nether contract. The homes volition beryllium afloat serviced and amenitized by the Four Seasons.

There volition beryllium 2 phases of the single-family homes successful backstage enclaves. The archetypal signifier volition person 14 homes and the 2nd volition person seven. Prices haven’t been finalized, but comparable to what the condos are selling for, Eddins said. They volition scope from 7,800 quadrate feet to 8,800 quadrate feet with immoderate adjacent larger than that with astir being azygous story.

Downtown

Cello Tower successful downtown Las Vegas has reported much than $175 cardinal income to day with penthouses trading for arsenic precocious arsenic $9 cardinal this year. Vertical operation is expected to commencement soon with completion successful precocious autumn 2028. It volition person 240 units.

Midtown Las Vegas broke crushed successful 2025 for its mixed-use task successful the downtown Arts District and volition commencement operation connected its residential information successful September with a completion successful the 3rd 4th of 2027.

Midtown includes The English Residences — the archetypal Marriott Tribute hotel-condo conception successful North America — and Plaza Tower, some offering hotel-style luxury homeownership. Midtown’s maestro program besides features speakeasies, restaurants, nationalist markets, boutique retail and wellness spaces.

The English Residences is 8 stories with 121 units, with 54 percent reserved portion the Plaza Tower is 87 with 90 percent reserved.

Matthew Martinez, a Realtor with Berkshire Hathaway Home Services, said the lowest terms is $450,000 for the Plaza Tower with the highest terms $1.85 million. The highest terms successful the English Residences is $1.95 cardinal with the slightest costly being $725,000.