Demand for new luxury homes in the Las Vegas Valley remains strong and builders and developers expect a great 2024 coming off a Super Bowl that saw members of the Kansas City Chiefs rent out multi-million-dollar homes with displays on social media.
Lennar maintained its top position of the annual builder rankings for 2023 as the Las Vegas market recorded a 22.5 percent increase in net sales year-over-year.
The Las Vegas luxury home market got off to a strong start in 2023 by securing the second highest number of sales in history to begin the year, culminating in a $19 million sale at the Summit Club in Summerlin to close January.
Sales of high-rise condos in Las Vegas slowed in 2023 compared to the previous two years but sellers willing to put them on the market were rewarded by the highest price per square foot paid in the valley’s history.
The Super Bowl has served as a boon for the ultra luxury home rental market in Las Vegas with one MacDonald Highlands estate in Henderson going for $100,000 in February, matching a record set in November for the same house.
A recent Las Vegas Realtors report shows 2024 began with home prices higher and the housing supply lower than the same time last year, with signs that home sales could start to bounce back from a slow year.
The president of the Howard Hughes Corp. overseeing Summerlin told the development community he’s optimistic about 2024 and ongoing projects and how the west valley master plan continues to be a destination both inside and outside the region.
Located at 21 Sky Arc in the premier Henderson community of Ascaya, the 41st edition of the official show home for the annual National Association of Home Builders (NAHB) International Builder’s Show (IBS) features industry innovations, revolutionary design and unparalleled energy efficiency.
The International Surface Event showcased floor coverings (Surfaces), stone (StoneExpo) and tile (TileExpo) at the convention center at Mandalay Bay from Jan. 23 to 26.