Las Vegas is coming into 2023 and seeing a housing market correction. Early last year, it was a seller’s market; buyers could make 20 home offers and not get one accepted, even when offering over the asking price. The market changed in mid-2022 after the Fed increased interest rates substantially, and the lower-priced market was […]
Market Reports
THE HIGH-RISE CONDO MARKET REMAINS STRONG
The Las Vegas high-rise condo market revealed a lot of resilience in 2022 by posting its second-highest number of closings in history—the top was in 2021. This market posted one of its highest annual prices per square foot. A new report from Applied Analysis shows there were 944 sales of condo units among 21 towers […]
LAS VEGAS HOME SALES FOR 2022 – MOST EXPENSIVE AND CHEAPEST
Southern Nevada’s housing market in 2022 had an extremely wide range of sales prices, from one extreme to the other. On the most expensive side, a Summerlin mansion with a golf simulator and outdoor shower sold for nearly $19 million. The cheapest sale of the year was a fire-damaged house in North Las Vegas, which […]
VEGAS LUXURY HOME MARKET AND MIGRATION OF WEALTHY BUYERS
The luxury home segment has seen a slight hit in the second half of 2022; however, custom builders said there will be a rebound in 2023, thanks to the ongoing migration to Las Vegas from California and other states and the cash those wealthy buyers bring with them. There were 67 closings of luxury homes […]
THE LUXURY HOME MARKET IN LAS VEGAS
Over the last few years, the luxury home market has become more of a priority in Las Vegas due to increased demand in this segment of the residential Real Estate industry. We have seen more luxury home neighborhoods in development in several areas of the Las Vegas Valley. What is the source of all this […]
CUSTOM MANSION IN SEVEN HILLS UP FOR SALE
A touch of the Amalfi Coast comes to Seven Hills in the form of a custom-built mansion that has been listed for $3.75 million. The home is located in the highly sought-after guard-gated enclave of Terracina. The home has Tuscan accents and finishes throughout. There are polished columns and marble floors, plus various antique sculptures […]
