In the latest analysis from BrokerMetrics, which tracks Realtor transactions on the Multiple Listing Service of Las Vegas Realtor association members, IS Luxury, the firm launched last fall by longtime luxury Realtor Ivan Sher placed No. 1 in total volume of luxury transactions between January and June. Luxury is defined by transactions of $1 million and higher and Sher had 8.4 percent of the market share.
Famed designer Bobby Berk recently joined Tri Pointe Homes in an exclusive, multiyear collaboration to bring his design-forward interiors to its nationwide clientele.
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.