High-rise condominiums in Las Vegas are being snapped up by investors at about half the price asked when the units first came on the market, brokers who market the units said.

Prices have dropped across all segments of the market, with the south Strip showing the largest decline of 12 percent from a year ago, said Marc Ehrlich, whose firm, HiRiseLiving.com, specializes in sale of condos in buildings of more than 10 stories.

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