Despite a national report that highlighted luxury listings in Las Vegas fell 36 percent during the second quarter — the largest decline in the nation — the valley’s luxury market continues to remain elevated in the ultra luxury category as evidenced by former MGM Resorts International CEO Jim Murren’s Summerlin home under contract after being listed for $17.75 million.
The second quarter of 2023 provided a bit of a rebound for builders compared to a year ago. There were 2,930 net sales in the April through June period, a 15.7 percent increase over the 2,531 in the second quarter of 2022. The net sales were also up 9.7 percent from the 2,669 in the first quarter.
An estate reimagined to feature the only custom design of its kind in the Foothills community of Southern Highlands has hit the Las Vegas market for $1,399,900.
Joining the lineup of new-home neighborhoods in the master-planned community of Summerlin is Vertex by Tri Pointe Homes.
A $1 billion resort-style condominium project in MacDonald Highlands in Henderson has partnered with Four Seasons to provide its name brand and luxury management services.
The bright spot is the price fetched by sellers was $527 per square foot, which surpasses sales per square foot documented since 2018.
Pets also can be affected by moving. Cats are more routine-oriented, and packing and moving upsets that balance; however, dogs may be fine until the actual move.
In the master-planned community of Summerlin residents place great value on the community’s outdoor lifestyle and its beautiful natural surroundings. For those reasons, the community’s homebuilders are required to incorporate indoor/outdoor detail into their homes. That’s why Summerlin homes come standard with a variety of outdoor living features, including covered patios, loggias and balconies, sun decks, porches, rooftop decks and even front balconies that provide a unique vantage point and add architectural interest to a home’s façade.
The federal laws would require you to install or convert a space to a handicap one or to find some other accommodation for the resident.
