It’s been a record-breaking year for the Las Vegas luxury home market, and the city’s Realtors are confident that trend will continue in 2025 based on the optimism they’re hearing from prospective buyers.
Las Vegas new-home prices softened a bit in November with net sales dipping to their lowest level since January 2023, but there were enough to pass the 2023 yearly total by more than 500 and make it the second best sales year since the pandemic — leading to the percentage of new-home sales of the overall marketplace approaching a record year, according to Las Vegas-based Home Builders Research.
It’s been two years since Bryan Watkins and his creative team won ABC’s “Great Christmas Light Fight” championship. The immersive, over-the-top Vegas-styled display gained national attention, significantly impacting Watkins’ life.
The Commercial Alliance Las Vegas (CALV) announced its newly elected officers and directors for 2025, with industry leader Jennifer Weinberg becoming president of the commercial real estate organization starting Jan. 1.
Gordon Miles, a longtime Las Vegas real estate executive who led Berkshire Hathaway HomeServices Nevada Properties to become the company’s largest independently owned franchise in the world, is now breaking records across the country.
“From the second you walk through the door, we wanted to capture the view,” homeowner Dominick Morea said. “That was the main thing. I wanted to see the view from every room.”
The Las Vegas new-home market got off to a good start during the fourth quarter with a 41 percent year-over-year increase despite elevated interest rates putting a cap on sales. The valley is on pace to close with its highest share of new-home closings since 1992 as prices continue to hit record levels.
Community Associations Institute applauds the Dec. 3 decision by the U.S. District Court for the Eastern District of Texas in Texas Top Cop Shop, Inc., et al. v. Garland, et al. to issue a preliminary nationwide injunction against the Corporate Transparency Act.
A home in The Ridges sold for $11.25 million in November, leading the way as the top sale of the month dominated by high-level sales in Summerlin.