As site preparation continues, a $1 billion resort-style condominium project in MacDonald Highlands in Henderson has announced it has 48 contracts totalling $260 million and will go vertical with the project in December.
Despite a national report that highlighted luxury listings in Las Vegas fell 36 percent during the second quarter — the largest decline in the nation — the valley’s luxury market continues to remain elevated in the ultra luxury category as evidenced by former MGM Resorts International CEO Jim Murren’s Summerlin home under contract after being listed for $17.75 million.
The second quarter of 2023 provided a bit of a rebound for builders compared to a year ago. There were 2,930 net sales in the April through June period, a 15.7 percent increase over the 2,531 in the second quarter of 2022. The net sales were also up 9.7 percent from the 2,669 in the first quarter.
The 2500 E. Fremont Street Apartments sold off-market for $2,200,000 ($68,750/unit). This sale consisted of 32 units built in 1954, located at 2500 E. Fremont St.
The home — powered by solar, propane and a Generac generator — is a self-sustainable off-the-grid property that provides all the conveniences of home.
Smart home products and services have evolved rapidly over the last 20 years to connect every niche of a luxury custom home with features limited only by the imagination of the homeowner.
Lennar retained its top spot as the No. 1 builder in Southern Nevada in the latest midyear rankings that show sales dipped 4.1 percent during the first half of 2023 among the builders that report to Las Vegas-based Home Builders Research.
For over 25 years, Holland dedicated her time and expertise to Las Vegas homeowners’s concern through her column, which is published on Sunday in the Las Vegas Review-Journal’s real estate section.
Las Vegas Realtors recently announced the results of the association’s annual election of officers and board members, with longtime local Realtors Merri Perry serving as its 2024 president and Joshua Campa serving as 2024 president-elect.