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Vegas luxury home market bucks housing slump

The Las Vegas luxury resale market remains on a record pace through July led by a $25.25 million sale in MacDonald Highlands. It was one of 171 sales of $1 million and higher in July, matching the same number in July 2024. The average price paid for a luxury home in July was $1.96 million, according to Forrest Barbee, corporate broker of Berkshire Hathaway Home Service. Barbee reported there were 195 pending sales of $1 million and higher, showing that the luxury market isn’t slowing down while sales are down in the market overall.

HOA should release list of board candidates

Under NRS 116.31034, it is not required that an association provide a list of the candidates prior to the sending of the ballots. Often this information can be found in the meeting minutes as part of the election update. The board should release this information as it is not considered confidential.

Mount Charleston property includes EV charger, snow-melting roof

A modern mountain retreat built to thrive in all four seasons in Mount Charleston has just hit the market for $1 million, blending luxury, livability and thoughtful engineering at an accessible price point.

Midyear report shows new home sales down

Lennar topped the list as the No. 1 Las Vegas new homebuilder in a year that has seen the top 10 see a 22 percent sales decline while the market share of more affordable townhomes continue to increase with its highest market share in 12 years.

How alternative financing models are reshaping market

For decades, homeownership has symbolized financial security and upward mobility, but for today’s first-time buyers, that path is increasingly complicated. Higher interest rates, steep home prices and stricter lending rules are pushing some to look beyond traditional mortgages in search of alternatives.

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Luxury homes don’t have to be energy hogs

Spacious luxury homes don’t have to waste energy. Efficiency and resource conservation can be realized in both contemporary structures and retrofit mansions.

Ascaya custom home community opens in Henderson

Ascaya, a custom-home community in Henderson, officially opened its lots for sale last week. Some of the 313 half-acre home sites were presold and those contracts are still being finalized, said realtor Ivan Sher of the Shapiro & Sher Group with Berkshire Hathaway Homeservices Nevada Properties.

Real Estate reality TV sheds light on Las Vegas

Las Vegas’ real estate is among the most interesting in the country and reality TV knows it. Real estate professionals are making second careers by appearing on camera to highlight some of the best deals.

Calmer waters

Lake Las Vegas, the picturesque 3,592-acre golf course development built around a 320-acre man-made lake in Henderson, was considered one of the best prime real estate markets to buy into when custom-home lots went up for sale in 1993.

Wayne Newton’s former ranch expected to sell this week

Last weekend more than 1,800 people showed up to see Wayne Newton’s former Casa de Shenandoah, now known as Sunset Spring Ranch. It’s possibly the last time the public will be able to see the nearly 40-acre ranch on South Pecos and East Sunset roads.

History for only $30 million

A piece of Las Vegas history may be headed for a developer’s chopping block.

Chinese currency flows

Everyone wants a piece of the new Chinese wealth.

Luxury

Trump takes adds ‘sky limo’

From Manhattan to Summerlin

Dr. Eric Moskow and Regina Lynch made a radical lifestyle change when they sold their 2,800-square-foot, $5 million penthouse in Manhattan and purchased an estate with a guest house at The Ridges in Summerlin for $8 million. Realtor Gavin Ernstone, owner of Simply Vegas, listed the property at a price of nearly 9 million. Although it has remained flat so far this year, the luxury home market has been rebounding in Southern Nevada since 2011; and this recent sale price was the largest residential real estate transaction since 2012, according to records kept by the Greater Las Vegas Association of Realtors.

‘Big Unit’ lists Arizona estate for $25 million

It appears that baseball great Randy Johnson “The Big Unit,” is asking a big price — $25 million — for his Arizona estate.

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