The Summit Club, Summerlin’s ultra luxury golf resort community, has come a long way since the resort started pre-selling lots in 2015.
Realty One Group led the way in 2019 as the top real estate brokerages in Las Vegas for market share, and Berkshire Hathaway HomeServices Properties did the same when it came to luxury sales.
New home sales slightly dipped in 2019, but don’t tell that to the valley’s five largest builders who saw their share of the marketplace jump dramatically since 2017 to two thirds last year.
Newmark Knight Frank has announced it facilitated the sale of Bonneville Square, a five-story office building in downtown Las Vegas, for $14.9 million.
Homebuilder Century Communities has taken over as the master plan developer of Skye Canyon in northwest Las Vegas by acquiring the remaining 400 acres for development not already assigned to builders. The price was $59.1 million.
Summerlin, led by its communities The Vistas, The Paseos and The Ridges, along with Henderson swept the top five spots for having the highest median existing home price sales in 2019 — a year that showed overall price growth slowed in the valley and should continue to do so again in 2020, according to Brian Gordon, a principal at Applied Analysis whose firm prepared the annual report.
The Summerlin home of Golden Knights’ owner Bill Foley ranked as the third most expensive single-family home sold in Las Vegas in 2019.
The Las Vegas new-home market got off to its hottest start in 13 years and there are signs builders are focusing even more on town homes and affordability that’s bringing out the buyers.
The local housing market kicked off the new decade with home prices and sales increasing from the same time last year, but giving back gains made in December. So says a report released Thursday by the Greater Las Vegas Association of Realtors.