Former Major League Baseball player Aaron Rowand sold his Summerlin home he built in 2011 in The Ridges for $5.5 million, but a Chinese investor led the way in the second quarter paying $5.88 million for the Queensridge estate of Realtor Tom Love who served as his own agent.
A report released today, July 7, by Las Vegas Realtors (LVR) shows local home prices breaking their all-time record despite the coronavirus pandemic and economic downturn, though fewer homes are selling compared to the same time last year.
Multimillion-dollar luxury homes and six-figure pools to match go hand-in-hand. But pools for luxury homes aren’t simply like those in moderately priced homes, which serve only as a place for family, friends and neighbors to cool off from the heat. Builders and Realtors said pools in luxury homes are an extension of that property and even celebrated for the view they provide from the inside. None have ever come across a multimillion home home without a pool.
NAIOP Southern Nevada, an organization representing commercial real estate developers, owners and related professionals in office, industrial, retail and mixed-use real estate, held its 23rd annual NAIOP Spotlight Awards in a June 25 virtual awards ceremony.
Two senior vice presidents of The Howard Hughes Corp., developer of the master-planned community of Summerlin, the retail/dining/entertainment/sports destination of Downtown Summerlin, Las Vegas Ballpark and owner of the Las Vegas Aviators, were recently elected to head two of the valley’s leading development industry organizations.
The National Association of Realtors (NAR) reported that many prospective homebuyers are looking for properties with home offices, yard space and plenty of room to accommodate the whole family. Prospective homebuyers are also shifting neighborhood preferences from urban to suburban areas, and over 77 percent of those who plan to sell believe they will do so following the end of stay-at-home orders, which means aspiring homeowners should prepare now.
Rising 43 floors above the Strip, in the heart of Las Vegas, is a rare three-level gem. From custom furnishings to the amazing black crystal chandelier, the sophisticated Sky Las Vegas Penthouse No. 4302 embodies elegance on every level.
Before COVID-19 slowed the Las Vegas housing market, builders during the first quarter sold more affordable new homes than the first three months of 2019, and nothing epitomized that more than the breakout of the Villages of Tule Springs and Valley Vista — two new master plans in North Las Vegas.
Dermody Properties, a national private equity real estate investment, development and management company, has purchased 9.49 acres in Las Vegas for a new state-of-the-art facility that will be called LogistiCenterSM at Sunset. This 151,200-square-foot, e-commerce-ready property at Sunset Road and Bruce Street in Las Vegas is expected to be completed in the first quarter of 2021.