Assembly Bill 309 allows HOAs to utilize electronic voting for elections and recalls. It also allows HOAs to use autopay and opens the door to development of new management transition requirements.
Aided by price increases and strong demand at the luxury level, Las Vegas recorded its highest number of new-home sales in excess of $1 million during the first six months of 2023.
Las Vegas set a record in May when 29.1 percent of new-home sales were attached products — primarily town homes — and that trend shows no sign of slowing as builders continue to pursue denser developments.
A recent Las Vegas Realtors report shows local home prices remaining remarkably stable, while prices for condos and town homes reached an all-time high.
A lakefront estate formerly owned by casino icon William F. Harrah , has been recently listed for a price tag of $19.5 million for a 50 percent ownership in the Lake Tahoe property, according to Realtor Jamison Blair.
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.