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.
Led by an emerging luxury custom-home community in Summerlin called Ascension, Las Vegas homebuilders have sold 47 percent more homes during the first half of 2025 priced at $1 million and higher.
Established in 2003, National Technical Institute is a state-approved trade school with campuses in Las Vegas and other states. Veterans trained by NTI fill the need for top skills in the fluctuating Las Vegas job market, particularly in skilled trades such as HVAC technicians, plumbers and electricians, as the aging workforce retires from these positions.
Las Vegas top commercial builders got together to discuss the projects, challenges and vision shaping the next chapter of growth.
As sprawling single-family developments bumped up against geographic and zoning constraints, the panelists didn’t just discuss what multifamily and workforce housing could look like but they examined whether Southern Nevada could build fast enough to keep up with a market that was already feeling the squeeze, said moderator Adam Schmitt, first vice president of CBRE of multifamily investment properties.
Integrating pet-friendly amenities into luxury residences has become increasingly popular, reflecting a shift in the perception of our beloved animals — as cherished family members who deserve special attention and pampering.
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.
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.
Las Vegas has been named one of the world’s top Dream Destinations in the 2025 Berkshire Hathaway HomeServices Dream Destinations Report. The city joins an elite list of destinations known for unparalleled lifestyle and investment opportunity.