Las Vegas Sets Record for Average Sale Price of Luxury High-Rise Condos in Q3
LAS VEGAS, NV – The average sale price of luxury high-rise condominiums in Las Vegas in the third quarter reached an all-time record high, with that milestone bolstered by a sale at the Waldorf Astoria that was the second priciest of the year at $9.5 million.
In the third quarter, 199 high-rise condos exchanged hands in Southern Nevada, and while that amount was lower than the number of sales recorded in the first two quarters of the year – and the least sold since the second quarter of 2020, which marked the start of the COVID-19 pandemic – the third quarter sales figures made up for it in terms of quality over quantity.
The average sale price of a luxury condo in Las Vegas in Q3 2025 was an impressive $933,431, which amounts to $586 per square foot. This represents the new all-time record high for the region, with the previous record being set in the first quarter of 2024, when the average price was $816,717, as per research firm Applied Analysis.
While Q3 is now the current record-holder in terms of luxury condo price, it’s $586 per square foot average still ranks second when compared to the first quarter of 2024, when that price was $599.
Coming in third highest in the hierarchy of the condo prices is the second quarter of 2025, when the average sale was $749,854.
The Waldorf Astoria $9.5 million condo – which was purchased in September, and again, is the second most costly of the year so far – ties as the most expensive in the hotel’s history, with the other sale for that same amount having taken place in January 2024. The condo sold in September boasts 3,922 square feet of living space on the 46th floor, with three bedrooms, three-and-a-half bathrooms, and a view of the Bellagio fountain.
Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.
Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management