The Las Vegas High Rise market recovery has begun! The COVID-19 pandemic had a negative impact on the High Rise market in 2020, but we have seen a strong recovery over the last 60 days. Indicators from the Las Vegas Convention and Visitors Authority show that the market is heating up… In March 2021:
• Visitor Volume increased by 45.7%
• McCarran Airport Traffic increased by 24.7%
• Midweek Hotel Occupancy reached 47.8%
• Weekend Hotel Occupancy reached 77.7%
With restrictions being lifted and more visitors coming back to Las Vegas, overall High Rise inventory has dropped by over 40% since February as demand and buyer activity continues to increase.
Want to discuss your situation? Contact us today or email info@highrises.vegas to set up a free strategy session with our team.
Please click below on any property to access its corresponding May 2021 Sales Report.
If you know anyone looking to buy or sell Las Vegas real estate, please contact us anytime with their name and contact information. We are always available to assist you or anyone you know!
Jim Brooks | The Brooks Team | eXp Realty | Lic# S.0055990