The new-home luxury market, led by demand for uber high-end estates, continues its strong run in Las Vegas and shows no signs of slowing in 2022 despite rising prices and mortgage rates that could be felt by the industry as a whole.
Lennar leaped to the top spot in the builder rankings as overall net sales recorded their second highest total during the first quarter since 2018 as the northwest valley led the way in new-home sales and prices continue to set records.
Cushman Wakefield has advised on the sale of The Lennox, a luxury apartment community. Constructed in 2015, the 100-unit “A” class multifamily asset is located at 430 E Cactus Road and sold to an undisclosed buyer for $38.5 million, or $385,000 per unit.
The 2023 New American Home is under construction at 19 Rockstream Drive in the Ascaya, a luxury Henderson residential community. The showcase home unveils to event attendees during next year’s IBS, Jan. 31-Feb. 2 in Las Vegas.
Richmond American Homes continues to expand its footprint at the Cadence community in Henderson by announcing its latest neighborhood offerings. The builder has two new neighborhoods in Cadence that are now beginning home sales, with a third on the way.
“The owners took influences from the beautiful places they’ve traveled and incorporated it into the overall design.” said Frank Napoli, owner/realtor of The Napoli Group, Berkshire Hathaway HomeServices, Nevada Properties. “This home is a showpiece, but it is also a comfortable place to live. It feels like a home.”
Lennar leaped to the top spot in the builder rankings as overall net sales recorded their second highest total during the first quarter since 2018 as the northwest valley led the way in new-home sales and prices continue to set records.
Commercial Alliance Las Vegas will host its annual spring networking mixer for local real estate professionals on May 12 from 5:30 to 7:30 p.m. at the Las Vegas Country Club, at 3000 Joe W. Brown Drive.
At the height of Stupak’s success, he acquired 910 Rancho Circle to be near Phyllis McGuire, whom he was dating at the time. McGuire was a member of The McGuire Sisters, a famous 1950s vocal harmony trio.