2023 Buyers Guide to Top Selling Las Vegas Condos

What are the top selling condos in Las Vegas? We've provided a handy list that represents the top performers from January to August, 2023. Included are Average Sales Price, Location, Average Square Footage and links to current listings. This is a great tool to help prospective buyers zero in on the most relevant condos and townhomes in your price range and desired area.

Overview of Price Trends in the 2023 Las Vegas Condo Market

The Las Vegas condo market in the first eight months of 2023 has demonstrated several positive developments. We've seen a gradual, but substantial move towards recovery since January 2023. Here are some noteworthy trends since the beginning of the year:

• Median

UNDER CONTRACT: $390,000 - Gorgeous 3-Bedroom Townhouse in Henderson

3-Bedroom, 2.5 Bath Townhouse

Ladera Villas

1541 Moss View Court, Henderson, Nevada 89074

UNDER CONTRACT!$390,000 | MLS #2449935

This is an immaculate Henderson townhouse in Ladera Villas and WHAT A FIND! These sought after units are especially unique due to their size, great location and amenities. This condo is 2-stories with 3 bedrooms, 2.5 baths, and 2-car attached garage with access to home. There's a large kitchen with breakfast bar, and a family room with gas fireplace. The bedrooms, including master with ensuite are located on the 2nd floor. Ladera Villas has a prime location close to parks and easy access to freeways, shopping mall and eateries.

Quick

The demand for Las Vegas condos and townhomes hasn't shown signs of letting up. So versatile, a highrise or condo hotel is a perfect choice for a rental investment, or out-of-town owners looking for a place to stay when they visit the Strip. Condos or townhomes in residential areas are a sought after choice by growing families and empty nesters alike. Depending on the facility, there are usually a range of amenities to choose from, and convenient locations to business, shopping, schools and transit.

Although total sales of condos and townhomes in the Greater Las Vegas area decreased slightly (-10.6%) up to June 2022, the Average Sales Price continues to rise. Compared to the same time in 2021, condo values have risen an average of 28.5%. Buyers

Las Vegas Inventory Finally Up, & Prices Keep Rising

June 2022 Stats Summary for Greater Las Vegas

The Las Vegas real estate market in June was truly eventful. After months of barely 30 days of inventory, new listings are on the rebound by as much as 61.5% with a 2 month supply. In the midst of this, average home prices are still soaring, up 19%!

June 2022 has proved a challenging time for buyers and sellers, inflation levels have reached over 34%, as a result, the Federal Reserve raised interest rates by three quarters of a percentage point in June, the largest interest rate hike since 1994. Higher real estate prices, combined with rising interest rates have tempered sales, resulting in almost 25% fewer sales overall, since the same