Las Vegas Luxury Real Estate Market Update: November 27th – December 3rd

The Las Vegas luxury real estate market stayed active heading into the final stretch of the year, with strong price points and a steady pace of sales. This week’s top sale reached $2,600,000, showing that well-positioned luxury homes are still commanding attention. Homes priced over $1 million averaged $1,647,885, while properties spent about 60 days on the market—a sign of thoughtful, high-intent buyers moving through the space. Let’s break down what shaped the luxury segment from November 27th – December 3rd.

Market Overview for the Week

A closer look at the numbers reveals a luxury market that’s holding steady with healthy activity:

• Total Active Listings: 1,228 luxury homes are currently available, offering everything from sleek modern builds to guard-gated estates built for privacy and lifestyle.

• Newly Listed Properties: 51 new luxury listings hit the market this week, bringing fresh options for buyers who are watching for the right fit.

• Sold Properties: 13 luxury homes closed, reinforcing that serious buyers are still making moves going into the holiday season.

• Under Contract Homes: 23 properties went under contract, which is a strong indicator of continued demand even with end-of-year timing.

Top Sale of the Week

This week’s highest luxury sale came in at $2,600,000—a solid reminder that buyers are prioritizing quality, location, and lifestyle. Homes in this range typically reflect the most sought-after combinations in the market: upgraded finishes, resort-style outdoor living, and a setting that delivers both exclusivity and comfort. Whether it’s a contemporary layout built for entertaining or a classic estate with gated privacy, the top sale shows where luxury momentum is concentrating.

Homes Over $1M: Market Trends

The $1M+ category continues to perform with consistency and strategic pricing:

• Average Sales Price: At $1,647,885, luxury buyers are still committing confidently to premium homes that feel worth the price.

• Time on Market: Luxury listings averaged 60 days, giving sellers room to market properly while keeping the buyer pipeline active.

• Market Rhythm: Even as the calendar slows for the holidays, luxury real estate is maintaining a stable pace—suggesting a market driven more by long-term lifestyle decisions than seasonal shifts.

Why Las Vegas Still Stands Out in Luxury Real Estate

Las Vegas continues to attract high-net-worth buyers for more than one reason:

• Signature Luxury Features: Expect standout amenities like expansive indoor-outdoor living, private pools, Strip or mountain views, wellness spaces, smart-home tech, and high-design kitchens built for entertaining.

• Lifestyle + Value: Las Vegas delivers a rare blend of tax advantages, warm weather, elite dining and entertainment, and luxury communities that feel like private resorts year-round.

• Inventory Variety: With over 1,200 active luxury listings, the market offers depth—meaning buyers can still find “the one” without needing to compromise.

Tips for Luxury Buyers

If you’re shopping luxury right now, here’s how to stay ahead:

1. Know what matters most. Identify your non-negotiables—views, community type, entertaining space, or architectural style.

2. Prepare to act fast when it fits. Even in a slower season, the best homes still move quickly once they match lifestyle needs.

3. Work with a luxury-focused team. Access to inside-market listings, accurate pricing insight, and negotiation strategy makes a huge difference in this bracket.

Tips for Luxury Sellers

Want to stand out in a competitive luxury inventory pool?

1. Highlight your property’s lifestyle story. Luxury buyers shop for feeling as much as features—showcase the experience.

2. Elevate your marketing. Pro-level photography, cinematic video, drone angles, and confident staging help buyers connect faster.

3. Price strategically. Buyers are active, but luxury pricing must be compelling relative to condition, upgrades, and nearby competition.

Conclusion

The Las Vegas luxury market for November 27th – December 3rd showed stability in both pricing and buyer movement. With an average $1M+ sales price of $1,647,885, a top sale of $2,600,000, and over 1,200 active luxury listings, the market is offering opportunity on both sides—buyers have choices, and sellers still have motivated demand.

🔗 Discover more about the Las Vegas luxury market at www.bkgluxury.com.

FAQs

1. What was the top luxury home sale this week?
The highest sale closed at $2,600,000.

2. What is the average price for homes over $1 million?
This week, $1M+ homes averaged $1,647,885.

3.How long are luxury listings taking to sell?
Luxury properties averaged about 60 days on market.

4. How many luxury homes are currently for sale?
There are 1,228 active luxury listings on the market right now.

5. Where can I get expert help buying or selling a luxury home?
Visit www.bkgluxury.com to connect with the BKG Luxury team.