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

$135,000 - MLS #218199
1909 Rio Canyon Unit #204, Las Vegas, Nevada 89128

1 BEDROOM CONDO FOR SALE IN LA POSADA AT SUMMERLIN 

Sick of renting? This gorgeous 1-bedroom condo in Summerlin, Las Vegas will make the perfect starter home. At just $135,000, it's probably cheaper than renting. This is a single story condo, located on the 2nd floor of the gated La Posada development. You'll find it in pristine condition and comes complete with all appliances and furnishings. All you have to do is move in!

Quick Facts

• 1-story condo - on the 2nd floor
• 707 Square Feet
• 1 Bedroom, 1 Bath
• Furnished
• Appliances include: Fridge, Disposal, Dishwasher, Gas Stove, Washer, Dryer

La Posada Amenities

• Community pool
• Assigned covered

In spite of the doom and gloom we hear on the news every day, this could not be a better time to purchase a home or condo in Las Vegas. If you're an existing home owner, maybe uncertain about selling, you'll find the current market is extremely active with serious buyers.

If you're looking to buy a home, there is about 3 months supply of new listings, a stable price market and better interest rates than we've seen in some time. 

If you're currently renting and haven't yet ventured into Las Vegas home ownership, we've provided suggestions below that could help with your decision.

Las Vegas Real Estate Stats

We know this is a great time to purchase real estate in Las Vegas, but don't take our word for it, here are the current stats for

It's summertime in Las Vegas and the homes are selling like hotcakes!

We've got the stats for Las Vegas real estate up to May 2019 and we're seeing some incredible growth. 

Las Vegas Single-Family Homes

Wow, May showed some huge gains in the Las Vegas single-family home market. Average sale prices for homes currently sit at $352,426, up 3.9% from last year. Closed sales are up 3.6%, but up almost 18% from April 2019. View all single-family homes currently for sale in Las Vegas

Stats provided by GLVAR, the Greater Las Vegas Association of Realtors.

Las Vegas Condos & Townhomes

Condo sales in Las Vegas have been increasing by leaps and bounds since January, and now appear to be leveling off. Closed sales are down 2.5% from last

Las Vegas Real Estate Market Heating Up!

This quick look at the market trends for Las Vegas real estate in February 2019 shows stats are on the rise. With 3 months of inventory, more new listings, and rising prices for homes and condos, this is definitely a good time to be buying or selling a home, condo or townhouse in Las Vegas.

Stats provided by GLVAR, the Greater Las Vegas Association of Realtors.

Las Vegas Single Family Homes

By the end of February, the Las Vegas real estate market for single-family homes had 3 months worth of inventory, a 57.9% increase over last year. Pending Sales were up 1.7% and Average Sales Prices were up 3.7%. Homes sat on the market a little longer, 49 days, but still received over 98% of the asking price.

2018 was an interesting year for real estate in Las Vegas.

In 2017, the Las Vegas real estate market was in full recovery mode, climbing to heights we never predicted, and creating a robust sellers market. When the clock turned to 2018, the market started to level off, becoming more realistic and much more conducive to buyers. Home sales decreased somewhat, creating a more balanced market, and condo and townhome sales remained steady.

Las Vegas real estate across the board slowed down toward the end of 2018 with increasing home prices and predictions of interest rate hikes. This is the worst time to be sitting on the fence. If you see a home purchase in your near future, visit a bank or broker and lock in the best rate, now.

Las Vegas Single

2017 was an interesting year for real estate in Las Vegas. The market for condos, townhomes and single-family homes saw sizable increases in number of sales, prices and total dollar volume sold. The number of days properties remained on the market dropped drastically, 50% for condos and 37% for houses. So why weren't people jumping at selling their homes? Not sure, but due to the lack of sellers, the months of on-hand inventory dropped substantially as well. 

What can we learn from this? Well, if you're considering selling - prices are up, listing times are down, and selection of pre-owned homes is sparse. In otherwords - what are you waiting for!!!

For home buyers - if you're not seeing what you want due to lack of inventory, consider buying a new