As sprawling single-family developments bumped up against geographic and zoning constraints, the panelists didn’t just discuss what multifamily and workforce housing could look like but they examined whether Southern Nevada could build fast enough to keep up with a market that was already feeling the squeeze, said moderator Adam Schmitt, first vice president of CBRE of multifamily investment properties.
Integrating pet-friendly amenities into luxury residences has become increasingly popular, reflecting a shift in the perception of our beloved animals — as cherished family members who deserve special attention and pampering.
The Las Vegas luxury resale market remains on a record pace through July led by a $25.25 million sale in MacDonald Highlands. It was one of 171 sales of $1 million and higher in July, matching the same number in July 2024. The average price paid for a luxury home in July was $1.96 million, according to Forrest Barbee, corporate broker of Berkshire Hathaway Home Service. Barbee reported there were 195 pending sales of $1 million and higher, showing that the luxury market isn’t slowing down while sales are down in the market overall.
Lennar topped the list as the No. 1 Las Vegas new homebuilder in a year that has seen the top 10 see a 22 percent sales decline while the market share of more affordable townhomes continue to increase with its highest market share in 12 years.
Las Vegas has been named one of the world’s top Dream Destinations in the 2025 Berkshire Hathaway HomeServices Dream Destinations Report. The city joins an elite list of destinations known for unparalleled lifestyle and investment opportunity.
Some luxury homeowners in this region have employed photovoltaic solar panels, integrated battery energy storage systems and active energy-management applications to provide additional power, comfort and energy resilience to their spacious dwellings.
New home sales among the 50 top-selling master-planned communities were down 6.6 percent at the end of June compared to the pace set by top communities in the first half of 2024.
NAIOP Southern Nevada hosted a recent talk, “Taking the Pulse of Southern Nevada’s Healthcare Industry: Monitoring Growth and Development.”
Luxury price redefined: Simply Vegas had the most $1M deals; IS Luxury had more $2M transactions