Issuu

ELLI MA N INTEL

Market Report L AS VEGAS H I GH -RISE

2026

Q3 LU X U RY R E A L E STAT E M A R K E T R E S E A RC H | ELLI MAN .C O M

Leading

LAS VEGAS HOME

FRO M H EN D ER S O N TO S U M M ER L I N , D O U G L A S EL L I M A N I S T H E O N LY N A M E FO R LU X U RY R E A L ES TAT E .

ELLIM AN IN TEL

M A R K E T OV E RV I E W

Third Quarter 2026: High-Rise Activity Shifts Toward the Entry Level Las Vegas high-rise buyers were slightly more active this quarter, with 114 closed sales against 110 a year ago. What they bought, though, was very different. Total sales volume fell 30% to $73.5 million and the median price dropped 11% to $472,500. Most of that decline traces to the top of the market. Q3 2025 included three sales above $8 million, at the Waldorf Astoria and Park Towers. This quarter’s highest sale was $3.3 million. The growth came under $500,000. Sales in that band rose 19%, helped by more condo-hotel closings at towers such as MGM Signature and Palms Place. The $500,000 to $2 million range held steady at the same number of sales as last year. Homes in that range took longer to sell, however. In the $1 million to $2 million band, the median time on market rose from 22 days to 57. Above $2 million, closings fell from 11 to five, and those that did close sat on the market longer. Buyers had more room to negotiate across the board: homes sold at 91.7% of their original list price, down from 92.7%. Cash still dominates, accounting for 55% of purchases. Today’s high-rise market rewards well-prepared sellers and patient buyers.

L AS V EGAS H I G H - R IS E M A R K E T R E PORT | JU L - S E P 2 026

ELL IM A N IN T E L | L AS V EGAS H I G H - R I S E M A R K E T R E PORT

Q 3 | JUL - SEP 2026

High-Rise Residential C U M U L ATI V E DATA O F A LL H I G H - R I S E R E S I D E N TI A L S A LE S AC RO S S L AS V E GAS FO R Q 3 2 0 2 6 , O FFE R I N G A Y E A R- OV E R-Y E A R C O M PA R I S O N TO Q 3 2 0 2 5 .

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I A N P R I CE

- 5% Y E A R OV E R Y E A R

+2 1% Y E A R OV E R Y E A R

-2 % Y E A R OV E R Y E A R

3.3M

801K

575K

493

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 6 5% Y E A R OV E R Y E A R

-3 1% Y E A R OV E R Y E A R

- 8 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS H I G H - R I S E M AR K E T R E PORT

Q 3 | JUL - SEP 2026

High-Rise Condotels C U M U L ATI V E DATA O F A LL H I G H - R I S E C O N O D OTE L S S A LE S AC RO S S L AS V E GAS FO R Q 3 2 0 2 6 , O FFE R I N G A Y E A R- OV E R-Y E A R C O M PA R I S O N TO Q 3 2 0 2 5 .

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I A N P R ICE

+2 8 % Y E A R OV E R Y E A R

+ 5 3 % Y E A R OV E R Y E A R

-1 5% Y E A R OV E R Y E A R

995K

318K

270K

459

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

-2 3 % Y E A R OV E R Y E A R

-2 2 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Waldorf Astoria

A TRU LY R A R E F I N D I N L AS V E GAS , WA LD O R F AS TO R I A S OA R S OV E R 47 S TO R I E S A B OV E TH E S TR I P W H I LE TOW E R I N G OV E R OTH E R H I G H - R I S E properties. Waldorf Astoria offers two distinct floor plan collections and one well-refined characteristic, an unmatched level of personal service residents experience on a daily basis. From the lobby, residents get a first glimpse of the difference life at Waldorf Astoria provides. Once settled in, the difference is astounding with an elevated pool, fitness and yoga facility, tea lounge and in-room meal service.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

- 6 0 % Y E A R OV E R Y E A R

-1 0 0 % Y E A R OV E R Y E A R

-2 5% Y E A R OV E R Y E A R

3.33M

2.41M

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 6 5% Y E A R OV E R Y E A R

- 5 0 % Y E A R OV E R Y E A R

-1 9 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Turnberry Place

FO RT U N E S M I LE S O N TH E P R I V I LE G E D FE W W H O R E S I D E AT T U R N B E R RY P L AC E . LU X U R I O U S LY C O S M O P O LITA N , WO R D S CA N O N P ROV I D E A glimpse of an environment unmatched for gracious living within its four towers. Turnberry Place extends the idea of living well to an extreme few can imagine with residences of up to 5-bedrooms tastefully appointed by only the finest materials from the world over. Life at Turnberry Place begins with a 30,000 square foot European spa and fitness center and then continues on with indoor and outdoor pools, casual and fine dining restaurants and a full staff on call to provide service with practiced ease.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

-1 3 % Y E A R OV E R Y E A R

+1 1% Y E A R OV E R Y E A R

- 4 6% Y E A R OV E R Y E A R

700K

690K

354

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 5 8 % Y E A R OV E R Y E A R

- 4 8 % Y E A R OV E R Y E A R

-1 6% Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Park Towers

LI M ITE D TO O N LY 8 4 R E S I D E N C E S , PA R K TOW E R S I S LI M ITLE S S I N E V E RY OTH E R WAY. S IT UATE D W ITH I N M I N U TE S O F TH E L AS V E GAS S TR I P, PA R K Towers is the apex for those who are accustomed to refinement and rarity. Built with an absolute obsession to detail, every residence asserts itself through grand proportions and lavishness unseen in other properties. Park Towers is truly a world unto itself, for it is an environment where the amenities outnumber the residents.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

+ 3 0 0 % Y E A R OV E R Y E A R

N/A Y E A R OV E R Y E A R

- 8 4% Y E A R OV E R Y E A R

2.49M

1.53M

1.31M

569

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

-7 0 % Y E A R OV E R Y E A R

- 8 1% Y E A R OV E R Y E A R

- 6 6% Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Turnberry Towers

T U R N B E R RY TOW E R S I S A M ATC H E D S E T O F L AV I S H N E S S FE AT U R I N G T WO 4 5 - S TO RY TOW E R S P R E S E NTI N G A N I C H E LI FE S T Y LE U N I Q U E I N L AS V E GAS . Turnberry Towers offers 3 and 4-bedroom residences with up to 9,000 square feet for its penthouse properties. Turnberry Towers is the very definition of international resort living. A serpentine pool meanders through the property, a 2,000 square foot fitness facility offers plethora of modern equipment, and there is even a private dog-walking park for four-legged fun.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

- 4 4% Y E A R OV E R Y E A R

- 9 % Y E A R OV E R Y E A R

-1 0 % Y E A R OV E R Y E A R

1.1M

596K

495K

468

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

+2 5% Y E A R OV E R Y E A R

-3 % Y E A R OV E R Y E A R

+ 4% Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Veer Towers

D E S I G N E D BY H E LM U T JA H N , V E E R U N ITE S E N E RGY A N D E XC ITE M E N T AS IT S OA R S 37 S TO R I E S A B OV E L AS V E GAS . R E S I D E N C E S R A N G E FRO M S T U D I O S to three-bedrooms from 500 to 3,300 square feet set in an environment of affluent activity. A true boutique style residence, Veer lets you take entertaining straight to the top with an infinity-edged pool, sun deck and hospitality patio on the rooftop.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

+ 4 0 % Y E A R OV E R Y E A R

-3 6% Y E A R OV E R Y E A R

+2 0 % Y E A R OV E R Y E A R

2.9M

849K

573K

728

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

+ 3 6 0 % Y E A R OV E R Y E A R

+ 8 5% Y E A R OV E R Y E A R

+1 8 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Panorama Towers

TOW E R I N G OV E R TH E L AS V E GAS S TR I P LI K E A N AQ UA B LU E WAV E , PA N O R A M A TOW E R S P ROV I D E S D I S C R I M I N ATI N G B U Y E R S A U N I Q U E opportunity to live well in a more intimate environment. Panorama Towers offers a wealth of options in one and two-bedroom residences that range from 750 to 14,000 square feet and offer spectacular views of the Strip to the east and colorful beauty of Red Rock Canyon to the west. Panorama Towers is a world unto itself featuring his and hers spa facilities, a resort style pool with lounge areas, yoga and Pilates studio, indoor racquetball court and, best of all, 24-hour concierge service.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

-2 0 % Y E A R OV E R Y E A R

+1 0 % Y E A R OV E R Y E A R

-1 5% Y E A R OV E R Y E A R

795K

553K

554K

420

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 5 4% Y E A R OV E R Y E A R

-3 9 % Y E A R OV E R Y E A R

-1 3 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

The Martin

TH E M A RTI N ' S 4 0 0 - FO OT TOW E R OV E R LO O KS C IT Y C E N TE R A N D TH E L AS V E GAS S TR I P TH O U G H IT S FO U N DATI O N I S B U I LT O N U N S U R PAS S E D amenities. Each floor at The Martin is a journey of complete refinement. Starting with the City Collection and rising to the Penthouse Collection, space and layouts may change, but magnificence is built in to every residence. The common areas at The Martin are anything but common. Life at The Martin blends the best aspects of resort life with unparalleled ownership ease. Pool cabanas recall the most exotic vacation spots, while the Garden Lounge tranquility can only be matched in the yoga studio.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

+1 0 0 % Y E A R OV E R Y E A R

+ 8 1% Y E A R OV E R Y E A R

- 6 0 % Y E A R OV E R Y E A R

730K

531K

498K

447

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 6 5% Y E A R OV E R Y E A R

- 5 8 % Y E A R OV E R Y E A R

-1 5% Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Sky Las Vegas

S K Y L AS V E GAS R E D E F I N E S TH E C O N C E P T O F H I G H - R I S E LI V I N G . S O P H I S TI CATE D LY M O D E R N , S K Y B LE N D S S O C I A L A N D R E C R E ATI O N A L amenities seamlessly. The residences at Sky Las Vegas run the gamut of well-appointed comfort. From the 870 square foot ultra suite to the 5,000 square foot, three-story penthouse, Sky Las Vegas reaches for the heavens for opulence. Amenities surround you in a way unexpectedly reassuring. From the first floor concierge and dry cleaning service, to the private lounge and rooftop garden, Sky Las Vegas is an oasis in the sky.

155

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

+ 3 3 % Y E A R OV E R Y E A R

+7 0 % Y E A R OV E R Y E A R

+ 5% Y E A R OV E R Y E A R

637K

619K

459

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

+ 4 3 % Y E A R OV E R Y E A R

+1 5% Y E A R OV E R Y E A R

+ 4% Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Allure

A LLU R E I S A V I S UA LLY S TR I K I N G 41 - S TO RY H I G H - R I S E C O N D O M I N I U M TOW E R B OAS TI N G V I E W S TH AT S TA RT FRO M TH E B E G I N N I N G O F TH E WO R LD - FA M O U S Las Vegas Strip. Allure offers a multitude of floor plan options for one, two and three-bedroom condominiums, all offering floor to ceiling windows and the majority of the residences have balconies to soak up the sun and the views. Each residence is finished with granite countertops, upgraded appliances and Italian cabinetry. Allure's central location ensures anything you desire is close at hand even before you leave the property. Allure's concierge service will handle reservations and more to keep your time just that, your time.

150

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

- 6 0 % Y E A R OV E R Y E A R

+1 1% Y E A R OV E R Y E A R

-2 9 % Y E A R OV E R Y E A R

267K

266K

276

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 5 2 % Y E A R OV E R Y E A R

-3 2 % Y E A R OV E R Y E A R

- 9 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Newport Lofts

N E W P O RT LO F T S S IT S I N TH E C U LT U R A L E P I C E N TE R O F L AS V E GAS M A R K I N G IT A P L AC E FO R TH E R E F I N E D C R E ATI V E S O U L . W H I LE N E W P O RT Lofts is the epitome of loft living, it is the surrounding area that makes it so desirable. Out of the way restaurants, a multitude of art galleries and at it's very heart a place to refuel artistic passions.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

- 5 0 % Y E A R OV E R Y E A R

- 5 4% Y E A R OV E R Y E A R

-3 1% Y E A R OV E R Y E A R

325K

285K

285

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 41% Y E A R OV E R Y E A R

-3 2 % Y E A R OV E R Y E A R

-1 1% Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Soho Lofts

C E NTE R E D I N TH E D OW NTOW N A RT S D I S TR I C T, S O H O LO F T S R E CA LL LI FE I N A N E AS T C OAS T U R B A N E N V I RO N M E N T. TH E F I R S T FLO O R O F S O H O LO F T S is dedicated to retail including a grocery, a salon, and more on the way. While individual lofts provide a perfect canvas for work and living. All around Soho Lofts, the creative community flourishes with art galleries, unique shops and a very artistic spirit.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

0 % Y E A R OV E R Y E A R

-3 % Y E A R OV E R Y E A R

-1 8 % Y E A R OV E R Y E A R

310K

243

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

-1 8 % Y E A R OV E R Y E A R

-1 6% Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Juhl

J U H L I S A R E S I D E NTI A L TOW E R LO CATE D I N TH E H E A RT O F D OW N TOW N L AS V E GAS . FE AT U R I N G A R A N G E O F S T Y LI S H , C O N TE M P O R A RY FLO O R P L A N S from studios to two-bedroom units, this luxurious residence offers its occupants an upscale urban living experience. At Juhl residents can expect access to outstanding amenities such as 24-hour security, rooftop pool and lounge, and state-of-the-art fitness center. This premier destination also puts you close to some of Vegas's best attractions, including the Fremont Street Experience, The Smith Center for the Performing Arts, and the Las Vegas Arts District.

155

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

+1 0 0 % Y E A R OV E R Y E A R

+ 3 9 2 % Y E A R OV E R Y E A R

-1 9 % Y E A R OV E R Y E A R

600K

438K

469K

318

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

-1 8 % Y E A R OV E R Y E A R

-24% Y E A R OV E R Y E A R

-3 7 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

The Ogden

TH E O G D E N TOW E R I S A N U R BA N LI FE S T Y LE H I G H - R I S E B U I LD I N G S IT UATE D I N D OW NTOW N L AS V E GAS . N U M E RO U S C U S TO M LI V I N G S PAC E S A R E available, including studios and two-bedroom units. Each is carefully crafted to provide maximum comfort, investing in amenities and security with 24/7 security and resident services. Residents can take advantage of the rooftop pool, fitness center and entertainment spots nearby, like Fremont Street Experience and The Smith Center for the Performing Arts.

127

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

0 % Y E A R OV E R Y E A R

+1 8 6% Y E A R OV E R Y E A R

-7 % Y E A R OV E R Y E A R

620K

386K

350K

309

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

+ 4 8 % Y E A R OV E R Y E A R

+7 % Y E A R OV E R Y E A R

-2 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

One Las Vegas

O N E L AS V E GAS I S A H I G H - R I S E TOW E R LO CATE D O N TH E S O U TH E N D O F TH E L AS V E GAS S TR I P. TH I S R E S I D E N TI A L TOW E R O FFE R S A W I D E R A N G E O F floor plans, from one to three-bedroom units, all designed to offer luxury high-rise living. One Las Vegas offers exceptional amenities, including a resort-style pool, a state-of-theart fitness center, and 24-hour security. The tower is located near shopping, dining, and entertainment options, including Allegiant Stadium, T-Mobile Arena, and Town Square.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

0 % Y E A R OV E R Y E A R

+ 61% Y E A R OV E R Y E A R

-1 4% Y E A R OV E R Y E A R

525K

421K

437K

279

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 8 % Y E A R OV E R Y E A R

-1 8 % Y E A R OV E R Y E A R

- 4% Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

One Queensridge

N E S TLE D I N A N E XC LU S I V E N E I G H B O R H O O D I N TH E S O U G HT A F TE R C O M M U N IT Y O F Q U E E N S R I D G E , O N E Q U E E N S R I D G E I S TRU LY P E E R LE S S . That which impresses in other properties is but the beginning for One Queensridge. The residences at One Queensridge are known for gracious living with individual properties ranging from two to five-bedrooms and up to 15,000 square feet. Owners enjoy the use of an intimate lounge, a private dining room featuring a kitchen designed for event catering and an outdoor terrace boasting views of the Las Vegas Strip.

186

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

+ 5 0 % Y E A R OV E R Y E A R

+1 9 0 5% Y E A R OV E R Y E A R

-3 3 % Y E A R OV E R Y E A R

3.2M

1.86M

1.61M

619

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 9 % Y E A R OV E R Y E A R

-2 2 % Y E A R OV E R Y E A R

+2 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Signature at MGM Grand

S I G N AT U R E B OAS T S TH R E E TOW E R S S E T J U S T O FF TH E M O S T E XC ITI N G C O R N E R O F TH E WO R LD - FA M O U S L AS V E GAS S TR I P, TH E S I G N AT U R E raises the limits on condominium-hotel living. A richness of choice for ownership begins with a 500 square foot deluxe suite and continues up to 1,500 square foot two-bedroom balcony suites. All create the ideal retreat with flawless amenities and spectacularly unreal views. The Signature takes personal service to precise perfection. From drinks in the private lounge to a private poolside cabana or the ease of using the concierge to provide you access to all you desire, The Signature is the name for luxury.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

+ 8 2 % Y E A R OV E R Y E A R

+1 8 % Y E A R OV E R Y E A R

-24% Y E A R OV E R Y E A R

600K

300K

285K

466

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

-1 8 % Y E A R OV E R Y E A R

-2 1% Y E A R OV E R Y E A R

-1 5% Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Vdara

V DA R A I S A M O D E R N LU X U RY TOW E R TH AT R A D I ATE S E LE GA N C E A N D S O P H I S TI CATI O N . LO CATE D I N TH E H E A RT O F TH E L AS V E GAS S TR I P, TH I S high-rise has breathtaking views of the city. Buyers can choose between studio, onebedroom, and two-bedroom suites, each offering luxurious amenities and finishes. With amenities including a rooftop pool, full service spa and salon, fitness center and diverse dining options, this is a great Las Vegas Strip opportunity.

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

- 5 0 % Y E A R OV E R Y E A R

-1 2 % Y E A R OV E R Y E A R

+1 7 % Y E A R OV E R Y E A R

995K

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

+ 8 % Y E A R OV E R Y E A R

+1 7 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Trump Tower

S H E ATH E D I N G O LD W I N D OW S FRO M TO P TO B OT TO M , D O N A LD TRU M P ' S F I R S T L AS V E GAS P RO J E C T I S S IT UATE D S LI G HTLY O FF TH E L AS V E GAS S TR I P across from the Fashion Show Mall and The Wynn Las Vegas. The 64-story tower, reminiscent of Trump's New York tower offers 880 studio units, 352 one-bedroom models and 50 superior penthouse suites of one, two and three bedrooms spanning the top four floors. Each of the properties is lavishly appointed in true Trump style. Personal amenities abound at Trump Tower with 24-hour concierge services, a calming day spa, heated swimming pool, a full service business center and dining choices, whether Michelin-rated or poolside.

108

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

- 4 0 % Y E A R OV E R Y E A R

+ 6 3 % Y E A R OV E R Y E A R

-1 8 % Y E A R OV E R Y E A R

519K

289K

245K

468

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

- 6 0 % Y E A R OV E R Y E A R

-3 4% Y E A R OV E R Y E A R

-1 8 % Y E A R OV E R Y E A R

ELL IM A N IN T E L | L AS V EGAS VA L L E Y M A R K E T R E PORT

Q 3 | JUL - SEP, 2026

Palms Place

L AV I S H I S TH E O N LY WO R D TO D E S C R I B E PA LM S PA L AC E . R I S I N G 5 0 S TO R I E S , PA LM S PA L AC E I S S IT UATE D A D JAC E N T TO TH E PA LM S CAS I N O & Resort. And, you don't have to worry about the walking distance as a moving walkway glides you to the casino. The tower provides 600 square foot studios, 1,200 square foot onebedrooms and several 7,000 square foot penthouse residences, all with amenities designed for celebrities. Owners have full use of five Palms' restaurants, spa, pool and nightclubs.

125

TOTAL P ROP ERTIES S O L D

AV E R AG E DAYS O N M A R KE T

M E D I AN P RI CE

+ 6 7 % Y E A R OV E R Y E A R

+1 5 4% Y E A R OV E R Y E A R

-1 7 % Y E A R OV E R Y E A R

695K

305K

216K

326

HIGHEST SA L E

AV E R AG E P R I C E

AV E R AG E P R I C E P E R SF

+1 2 0 % Y E A R OV E R Y E A R

+1 3 % Y E A R OV E R Y E A R

-2 5% Y E A R OV E R Y E A R

Economic Information & Sales Data

Q 3 | JUL - SEP 2026

EL LI MA N IN T E L | L AS V EGAS H I G H - R I S E M A R K E T R E PORT

Las Vegas Economic Information

TO P L AS VEGAS MI G R ATO RY STATE S*

WA MT

MN ID

VT WI

WY NV

MI IA

NE UT

CO KS

MD WV

TN AR

SC MS

AK FL HI

TO P 5

TO P 1 0

*SOURCE: 2021-2022 MIGRATION DATA, IRS

TO P 1 5

MA CT RI NJ DE

Q 3 | JUL - SEP 2026

ELL IM A N IN T E L | L AS V EGAS H I G H - R I S E M AR K E T R E PORT

Las Vegas Economic Information

TO P 1 0 L AS VEGAS LO CAL MI G R ATO RY M A R K E T S* Rank

County of Origin

State

% of Inflow

Rank

County of Origin

State

% of Inflow

Los Angeles County

14.6%

Honolulu County

Orange County

4.3%

Maricopa County

2.7%

San Bernardino County

4.1%

Cook County

1.7%

San Diego County

3.9%

Santa Clara County

1.6%

Riverside County

3.6%

Alameda County

1.6%

LO CAL MI GR ATO RY MAR K E T C O MPAR ATIVE EC O N O M I C DATA* * Las Vegas

Los Angeles

San Diego

San Francisco

Riverside

Chicago

Phoenix

Payroll Tax

1.17%

6.6%

4.95%

5.1%

Corporate Income Tax Rate (Top Bracket)

8.84%

9.5%

4.9%

Individual Income Tax Rate (Top Bracket)

13.3%

4.95%

2.5%

Sales Tax Rate (State Minimum)

6.85%

7.25%

6.25%

5.6%

Property Tax Rate

0.59%

0.75%

2.05%

0.63%

Cost of Living Index

99.7

148.6

145.6

167.4

116.1

115.0

107.3

Housing Opportunity Index

14.2

2.7

4.0

5.7

11.0

52.0

21.7

*SOURCE: 2021-2022 MIGRATION DATA, IRS **SOURCE: LAS VEGAS GLOBAL ECONOMIC ALLIANCE, 2024

Q 3 | JUL - SEP 2026

ELL IM A N IN T E L | L AS V EGAS H I G H - R I S E MA R K E T R E PORT

Las Vegas High-Rise Historical Sales Data

HI GH-R I S E SALES: U N D E R $ 1 M

Q4 Q3

Total Homes Sold

Q2 Q1 Total

2016 764 Total: YoY: + 13.86%

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

902 +18.06%

882 -2.22%

632 -28.34%

534 -15.51%

1,219 +128.28%

902 -26%

728 -19.29%

641 -11.95%

518 -19.19

354 YTD

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

Q 3 | JUL - SEP 2026

ELL IM A N IN T E L | L AS V EGAS H I G H - R I S E M AR K E T R E PORT

Las Vegas High-Rise Historical Sales Data

HI GH-R I S E SALES: $ 1 M + LUXU RY S EG M E NT

Q4 Q3

Total Homes Sold

Q2 Q1 Total

Total: YoY:

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

54 -22.86%

67 +24.07%

65 -2.99%

63 -3.08%

50 -20.63%

104 +108%

101 -2.88%

81 -19.8%

80 -1.23%

86 +7.5%

68 YTD

*SOURCE: LAS VEGAS MULTIPLE LISTING SERVICE

EL LI MAN IN T E L | L AS V EGAS H I G H - R I S E M A R K E T R E PORT

Q 3 | JUL - SEP 2026

Market Report Methodology

O U R M A R K E T R E P O RT O FFE R S C U R R E NT A N D VA LUA B LE I N FO R M ATI O N R E GA R D I N G TH E LO CA L M A R K E T. E AC H A R E A R E P O RTE D O N I S B RO K E N D OW N BY TOW E R A N D C O N TA I N S S P E C I F I C D E TA I L S A N D I N S I G HT S R E L ATE D TO TH E H I G H - R I S E M A R K E T.

METRICS

DEFINITIONS

Total Properties Sold: The total number of properties that closed within the time period reported.

Payroll Tax: Local and other imposed payroll tax, as reported by individual jurisdictions.

Highest Sale: The highest priced property that was sold in the area being reported on during the time period reported.

Corporate Income Tax: A tax imposed on the net income, or profits, of businesses and corporations. The top-bracket rate shown is the highest rate a corporation pays in each jurisdiction. Details vary widely by jurisdiction.

Average Price Per SF: The average price per square foot of properties sold in the reported area. Average Price: The price calculated by dividing the combined prices of properties by the amount of sold properties in that same area.

Individual Income Tax: A tax imposed on the earned income of individuals, such as wages, salaries and self-employment income. The top-bracket rate shown is the highest rate an individual pays in each jurisdiction. Details vary widely by jurisdiction.

Median Price: The middle or midpoint price where half of sales fall below and half fall above this number.

Sales Tax Rate: Sales tax rates vary among districts within local jurisdictions and at the state-level.

Days on Market: Averages how long a unit takes to sell and is calculated from subtracting the list date from the date of close.

Property Tax Rate: Figures are mean effective property tax rates on owneroccupied housing (total real taxes paid / total home value). As a result, the data exclude property taxes paid by business men, renters, and others.

High-Rise: High-Rise buildings are defined as buildings taller than 5 stories. Homes: All statistics reported in the "Las Vegas Valley" report include only single family residential properties in Las Vegas, North Las Vegas, and Henderson.

SOURCE

Figures in this report are based on publicly reported closed sales information via the Multiple Listing Service, unless otherwise noted.

Where Excellence Finds a Home S U M M E R LI N 17 0 0 S . PAV ILION C E NTE R D R IVE , S U ITE 150 LAS VEGAS , NV 70 2 . 616.1910

M AC D O N A LD H I G H L A N DS 5 5 2 S . STE PHA NIE STR E E T HE ND E RS ON, NV 702 . 614.910 0

FO R M O R E R E AL ESTATE I N S I GH TS AN D I N S PI RATI O N , FO L LOW U S @ DO UGLAS ELLI MAN _ N EVADA

1700 S PAVILION CENTER DRIVE, SUITE 150, LAS VEGAS, NV 89135. 702.616.1910 LIC.# B.0059797 © 2026 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. IF YOU CURRENTLY HAVE AN EXCLUSIVE SIGNED AGREEMENT WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.