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Real Estate Millions

Luxury market slows in August; experts predict uptick in fall

The ultra high-end luxury residential market slowed in August with a $7.6 million sale topping the market as higher-priced transactions are expected to pick up in the fall.

Vegas high-rise prices continue to increase

The high-rise condo market recorded its second highest average sales price in history during the second quarter and is off to a strong start in the third quarter with an $8.8 million sale at the Waldorf Astoria, the estate of Elaine Wynn selling her unit in Park Towers for $8.25 million and a condo in the Summit Club selling for $7 million. All three sales were in August.

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Sale of Vegas high-rise for $3.4 million is highest home sale this year — PHOTOS

Without a real estate crystal ball, we are left with sales reports, speculation and a casual observation: No. 4505’s sales price far surpasses the Greater Las Vegas Association of Realtors’ May statistics for high-rises, based on sales through the Multiple Listing Service.

Designer gets creative with penthouse condos at CityCenter — PHOTOS

Restrictions on modifying your condominium are an industry given. If you want total freedom to knock down walls, add windows or add a fireplace, don’t buy a condo, especially one in a high-rise, design consultant Linda Tatum said.

Vegas high-rise overlooks amazing view atop Mandarin Oriental — PHOTOS

This 45th-floor, 2,755-square-foot residence within CityCenter was purchased by a California buyer for $3.4 million, making it the highest price-per-square-foot resale ever in The Residences at Mandarin Oriental and topping a $1,000-per-square-foot sale there March 5.

Green Valley community was ahead of the trends

Green Valley is recognized as Southern Nevada’s first master-planned community. The 7,100 acre community, created in 1978 by the American Nevada Co., was built before Summerlin, in the early to mid-1990s.

Hartland Mansion put on market for $3.5 million — PHOTOS

Anyone who has driven down Sixth Street just south of Charleston Boulevard may have noticed it — an oversized bright white building with cherry red accents surrounded by a decorative iron fence.

The Ridges offers luxury community within Summerlin — PHOTOS

The Ridges village in Summerlin was conceived as an exclusive, luxury community that would include custom and semicustom homes built on 793 acres, and be at the master-planned development’s far western boundary

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