Las Vegas Condo

Las Vegas Condo Pricing

When you’re buying a Las Vegas condo, you’re playing in an unusual real estate market.

In most communities, condos are less expensive than single family homes. But Las Vegas is unique in this regard, given that penthouse suites on the Strip are also technically “condominiums.”

For example, as of the date of this writing, the current price range for Las Vegas condos is between $110,000, and $25 million.*

That’s a lot of leg room.

That puts the median currently-listed Las Vegas condo price at $12,555,000, thanks to that very highly-priced culprit listed at $25 million.

Skewed averages, and even skewed medians, is something you should watch out for when reviewing real estate sales data in communities with heavy tourism, such as in communities like Las Vegas or Laguna Beach.

In these communities, the value of the average property is actually much lower than what the average or median property price may lead you to believe.

You want to have a clear understanding of the value of the real estate asset you are investing in.