High-end luxury home sales picked up in September as expected with Las Vegas registering three transactions in excess of $10 million with a house in The Ridges setting the bar.
Las Vegas builders opened eight new product lines in August bringing 700 lots to the market with Lennar leading the way in the month with 124 net sales.
A Summit Club home built by Blue Heron leads the way as the top listing in Las Vegas with an asking price of $32 million, and is one of eight homes on the market at the $19.9 million-plus range.
Every inch of the home is carefully considered and designed using different textures, colors, light, ceiling treatments and sound. Even the transitions between rooms/spaces are designed and methodically considered.
Klif Andrews, the division president of Tri Pointe Homes, which unveiled a luxury development in Summerlin this month, and will roll out another in Lake Las Vegas in January, said he’s expecting the new-home market to strengthen in 2026 as interest rates continue to decline.
Two high-rise projects have surpassed $800 million in sales in what will add more luxury inventory to the Las Vegas marketplace.
The Southern Nevada landscape for digital infrastructure is changing rapidly, and the region is trying to meet this surging demand for data centers while balancing the challenges around power and water.
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.
Kent Lay, the division president of Taylor Morrison, is former president of the Southern Nevada Home Builders Association. He decided to make another go of it as chair of the Nevada State Contractors Board and wants to help a new state law on licensing of handymen get off to a strong start.