Las Vegas Sun

May 6, 2024

Condo and condo-hotel units in the Valley Updated July 12, 2008 (High-rise: More than 20 stories; Mid-rise: From 6 to 20 stories; Low-rise: Up to 5 stories)
No. of units Closed escrow Pct. Closed escrow First escrow sale Avg. price/sq. ft. Largest price/sq. ft. Size
Las Vegas Strip (Las Vegas Boulevard, between Russell Road and Sahara Avenue)
Trump International Hotel & Tower* 1,282 208 16% Feb-08 $1,155 $1,844 High-rise
Sky Las Vegas 409 323 79% Mar-07 $572 $970 High-rise
Total: 1,691 units | Under construction: 6283 units
Off-Strip (Near or adjacent to the Strip's core)
Turnberry Place 769 769 100% Jan-01 $398 $1,060 High-rise
Palms Place* 599 281 47% Feb-08 $870 $1,195 High-rise
Signature at MGM Grand Tower A* 575 575 100% May-06 $863 $1,457 High-rise
Signature at MGM Grand Tower B* 576 576 100% Nov-06 $995 $1,773 High-rise
Signature at MGM Grand Tower C* 576 576 100% May-07 $1,118 $1,635 High-rise
Allure 427 156 37% Dec-07 $461 $733 High-rise
Panorama Towers 1 320 316 99% Sep-06 $444 $852 High-rise
Panorama Towers 2 328 311 95% Jul-07 $437 $775 High-rise
Turnberry Towers East Building 318 268 84% Jul-07 $566 $790 High-rise
Turnberry Towers West Building 318 53 17% Apr-08 $663 $860 High-rise
The Platinum* 255 239 94% Sep-06 $516 $763 Mid-rise
Metropolis 71 71 100% Oct-05 $354 $540 Mid rise
Total: 5,216 units | Under construction: 384 units
South Strip (Las Vegas Boulevard, south of Russell Road)
Manhattan Las Vegas 700 640 91% Jul-06 $288 $407 Mid-rise
Park Avenue 642 642 100% Feb-03 $225 $409 Mid-rise
One Las Vegas (both towers) 359 38 11% Mar-08 $399 $565 Mid-rise
Loft 5 272 31 11% Jul-07 $283 $349 Low-rise
Boca Raton Building 3 206 61 30% Aug-07 $503 $621 Mid-rise
Boca Raton Building 4 172 112 65% Jun-07 $432 $581 Mid-rise
Total: 2,351 units | Under construction: 0
Outlying suburbs
One Queensridge Place (both towers) 219 128 58% Sep-07 $610 $1,307 Mid-rise
The District at Green Valley Ranch 88 88 100% Oct-04 $515 $865 Low-rise
Total: 307 units | Under construction: 888 units
Downtown
Newport Lofts 168 104 62% Jun-07 $454 $648 High-rise
Soho Lofts 120 114 95% Jun-06 $400 $572 Mid-rise
Total: 307 units | Under construction: 888 units

SOURCE: Las Vegas Sun, based on Clark County Assessor records as of 6/22/08.

*Denotes a condo-hotel building, which isn’t considered a primary residence and can be put in a rental pool, much like a hotel room.

NOTE: This list excludes projects with less than 50 units as well as projects still under construction or that have recently completed construction but for which escrow data is incomplete or unavailable, such as CityCenter and Cosmopolitan. The under construction category is subject to change and excludes projects with less than 50 units. Price information excludes units that are sold and under contract but have not yet closed escrow and also excludes units where the most recent activity has been foreclosures or lender reposessions of units. Those are artificial values, usually the balance of the loan at the time the property is auctioned off.

Closed escrow is assumed when a sale type and date is present in the assessor’s records, and a party other than the developer is responsible for paying the unit’s property taxes. There can be a delay between the time of sale and when the property is actually updated in the tax rolls.

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