Las Vegas Condo & High-Rise Market Trends: 2025 Recap + 2026 Forecast

The Las Vegas condo market in 2025 experienced a transition from rapid appreciation to a more balanced, opportunity-rich environment. As we move into 2026, this shift continues — especially in the high-rise and resort-lifestyle segments, where demand, lifestyle appeal, and pricing dynamics remain uniquely strong.

As a faith-based, family-owned team specializing in high-rise, resort, and second-home properties, The Brooks Team believes it’s essential to understand both the data and the motivations behind market behavior. With that clarity, buyers and sellers can make wise, well-timed decisions.

2025 Market Recap: Stabilization After Years of Rapid Growth

Prices Strengthen in the Condo & High-Rise Segments

While single-family homes in Southern Nevada cooled, condos and townhomes — including high-rise units — remained stable and even grew in some areas:

• The 2025 median condo/townhome price reached ~$307,000, up ~4.1% year-over-year.

• In 2024, prices were already up ~10.9%, demonstrating strong momentum entering 2025.

• Luxury high-rise buildings continued to attract lifestyle-focused and second-home buyers due to amenities, security, walkability, and premium views.
  

Takeaway:
Condos — especially high-rises — provided a more attainable price point than single-family homes while still delivering lifestyle advantages.

One of the defining changes of 2025 was an increase in inventory, giving buyers more options: Inventory Rose, Creating Balance

• Total Las Vegas housing inventory grew by roughly 10–11% year-over-year.

• High-rise towers saw more listings, creating competition among sellers — but also better choice for buyers seeking views, amenities, or specific floorplans.
  

Takeaway:
A more balanced market meant pricing and presentation mattered. Sellers had to Higher interest rates made buyers more cautious and selective, but demand persisted for well-located units.

differentiate, while buyers gained negotiation power.

High-Rise Segment Spotlight: A Strong Niche in 2025

High-rises continued to stand out due to:

1. Lifestyle

Buyers value:

• Strip or mountain views

• Resort-style pools

• Concierge and security

• Fitness centers

• Walkability to dining, entertainment, and events
  

2. Investment Appeal

High-rises attract:

• Second-home buyers

• Investors seeking stable long-term appreciation

• Snowbirds and seasonal residents

• Event-driven rental demand (Formula 1, Super Bowl, CES)

3. Building Reputation

In the high-rise world, building management, reserves, and amenities can outweigh pure price comps. Buildings like Panorama, Veer, Waldorf Astoria, Turnberry, MGM Signature, and other mid-to-luxury towers maintained premium demand in 2025.

Looking Ahead: Las Vegas Condo & High-Rise Market Forecast for 2026

1. Continued Market Stability

Most forecasts suggest Las Vegas will experience steady, moderate growth in 2026:

• Prices are expected to remain stable or rise slightly.

• No major crash signs are present due to strong migration, tourism, and employment fundamentals.

• More buyers may re-enter the market if interest rates adjust or stabilize.
  

What this means:
2026 is shaping up to be a healthier, more predictable year — good for both buyers and sellers of high-rise and condo properties.

2. High-Rise Demand Expected to Strengthen

High-rise units should see renewed activity in 2026 because:

• More people seek low-maintenance living.

• Walkability and lifestyle appeal continue to rise.

• Out-of-state buyers are drawn to the Strip, CityCenter, Downtown, and Convention Center corridors.

• Luxury units remain underbuilt relative to demand.

Buyers in 2026 will still prioritize:
Views → Amenities → Lifestyle → Location → Building reputation → HOA financial health

3. Higher Inventory = More Choice for Buyers

Buyers will benefit from:

• More listings across the condo and high-rise sectors

• More ability to negotiate pricing or concessions

• Less pressure to waive inspections or rush decisions

• Opportunities in units that need updating or cosmetic improvements

This is especially helpful for:

• First-time buyers

• Second-home buyers

• Downsizers

• Investors seeking value in a balanced market

4. Sellers Must Be Strategic in 2026

With inventory still elevated, successful sellers will focus on:

✔ Correct, realistic pricing

Overpricing leads to long days on market.

✔ Showcasing lifestyle value

Views, amenities, building quality, and location should be front and center.

✔ Strong presentation

Cleanliness, staging, photography, and digital marketing make a big difference.

✔ Clear positioning

Highlighting the building’s strengths and HOA advantages is essential in 2026.

Strategies for 2026: Buyers, Sellers & Investors

For Buyers

• Compare HOA fees, reserves, and amenities — these heavily influence long-term value.

• Look for buildings with strong management and financials.

• Consider mid-level high-rises as a value opportunity.

• Take advantage of increased inventory to negotiate price, credits, or closing costs.

For Sellers

• Price according to current 2026 market conditions — not 2022–2023 peaks.

• Stage the unit to highlight lifestyle.

• Use high-quality photography and video tours for out-of-state buyers.

• Work with agents who specialize in high-rise (the market behaves very differently than single-family homes).

For Investors

• Evaluate rental rules (STRs, monthly, long-term).

• Check building reserves and future assessment risk.

• Focus on buildings near the Strip, Convention Center, or major event venues.

• Consider units with strong event-based rental potential.

Why Las Vegas Remains One of the Best Condo Markets in the U.S.

Despite national fluctuations, Las Vegas maintains strong fundamentals:

✔ Continued migration from California & high-cost states

✔ No state income tax

✔ Tourism & entertainment economy

✔ Strong event pipeline (F1, Super Bowl, major stadium events)

✔ Competitive price-per-square-foot compared to other metros

These factors support long-term condo and high-rise demand in 2026 and beyond.

Final Thoughts: 2025 Set the Stage — 2026 Opens the Door

The Las Vegas condo and high-rise market has shifted into a balanced, strategic, opportunity-rich landscape.
2025 brought stabilization.
2026 brings possibility.

Whether you’re:

✨ A first-time condo buyer
✨ A second-home or resort buyer
✨ An investor seeking long-term value
✨ A seller aiming to position your high-rise unit for maximum return

— The Brooks Team is here to guide you with integrity, insight, and decades of specialized high-rise expertise.

If you want a building-specific or neighborhood-specific 2026 forecast, we’d love to prepare one for you.

Disclaimer:
This article is intended for general informational purposes only. Real estate markets and investment outcomes vary, and no results are guaranteed. We encourage readers to seek professional legal, tax, and financial guidance to ensure decisions align with their goals and circumstances.