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Top 10 condo sales of 2022

A penthouse at Turnberry Place sold for $6.5 million and led 2022 as the top resale in the luxury condo market.

Homeowner complains about board, fee hike

To call for a special meeting of the homeowners, the owners must submit a petition signed by at least 10 percent or any lower percentage specified in the covenants, conditions and restrictions of the total number of voting members.

High-rise condo market remains robust

The high-rise condo market showed a lot of resilience in 2022 by posting its second highest number of closings in history despite falling 23 percent from the all-time record in 2021 and posting one of its highest annual prices per square foot.

Builders grow market share over resales

Lennar took over the top spot in new-home sales in 2022 in Southern Nevada as builders increased their market share for the second consecutive month compared to existing home sales.

THE LATEST
REAL ESTATE BRIEFS; FEB. 4

Commercial Alliance Las Vegas will present an in-person class on Feb. 17 offering an “Introduction to Commercial Leasing” for those in or considering a career in the commercial real estate industry.

Summerlin supports fitness lifestyle

For Summerlin residents there are many opportunities to stay active, thanks to the community’s abundant recreational amenities.

Sponsored
KB Home showcases Talus at Kyle Canyon

KB Home’s new Talus at Kyle Canyon community is a gated master plan situated in highly desirable northwest Las Vegas.

Law does not address online HOA meetings

There are many advantages and disadvantages of having a combination meeting — those present and those online. Until associations invest money to provide a better virtual system, homeowners can continue to expect various difficulties in hearing and seeing the participants at the board meetings.

Three Vegas communities rank in the U.S. top 25

Sales in Las Vegas master-planned communities took a bigger hit than the nation as a whole in 2022 amid rising mortgage rates but the valley managed to have three ranked in the top 25 and five in the top 50.

The 5 most expensive homes for sale in Las Vegas

The new leader for Las Vegas listings came out at $18 million in the spring of 2021 but was bumped up to $24.8 million earlier this year.

Nicole Bloom named 2023 SNHBA president

In an industry in which women don’t often ascend to the highest ranks, Nicole Bloom wants her term as the third-ever female president of the Southern Nevada Home Builders Association to empower fellow women to make it a career like she’s done.

Since COVID HOA refuses to hold regular meetings

The board has a legal obligation to hold meetings at least once every quarter and not less than once every 100 days per Nevada Revised Statute 116.31083.

Summerlin ranks in top 10 U.S. master plans

Summerlin, a development of The Howard Hughes Corp., is Nevada’s highest-ranking master-planned community on the 2022 best-selling list, according to RCLCO, a national real estate consultant that has been ranking master plans since 1994.

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