We at HBR, in conjunction with our friends at Northcap, are once again proud to announce the release of the Las Vegas Luxury Condominium Market Report for the fourth quarter of 2015. As always, the report contains a thorough overview of the luxury condo market, and summaries of both the sales and rental segments.
Some tidbits taken from the report include:
- Palms Place let all projects in overall transactions for 2015
- The overall market showed an increase of 76 transactions from 2014
- There were over 350 sales in 2015
- Average Rent per SqFt came in at $1.40
The Luxury Condo segment is an important part of the overall real estate picture in the Las Vegas valley and will continue as such with the trend of SFR builders focusing more and more on the high-end market.