Las Vegas has set an all-time record in March for luxury home sales of $1 million and higher. This trend was led by an $11.4 million sale in Summerlin which has a mystery buyer and has a lot of people speculating about their identity.
The March 28 purchase was the number1 sale out of the 196 homes of $1 million and higher sold in March according to Luxury Home experts. The 196 luxury home and condo sales in March were the highest we have seen. The previous record of 172 was set in March 2021.
Clark County saw 440 sales during the first quarter of 2022, which surpassed the 367 sales in the first quarter of 2021. These numbers show the luxury market remains strong despite a low level of inventory for three months. Luxury sales show no signs of slowing down.
Las Vegas luxury, especially uber-luxury, has come a long way since before the pandemic. Covid spurred more people to relocate here from California and other states.
The Number 2 sale of the month was for $8.5 million on Saint Moritz Drive in MacDonald Highlands in Henderson.
Number 3 on the list is the former Southern Highlands home of Jon Gruden, which sold for $7.025 million.
Number 4 was a sale on MacDonald Ranch Drive in MacDonald Highlands for $6.55 million. The tri-level home built in 2004 measures 11,639 square feet with five bedrooms and eight baths. It sits on a 0.63-acre lot.
The number 5 sale was for $6 million on Boulderback Drive in Ascaya in Henderson. The Blue Heron home was built in 2022 and sits on 0.46 acres.
In a high-profile sale, former super middleweight boxing champion Caleb Plant bought a home in Evergreen Creek Lane in Red Rock Country Club in Summerlin for $3.89 million. The home sits along the 13th hole on the Mountain Course.
Keep in mind that whether you are interested in buying a home or selling a home, a Realtor should represent you– this person is working for your benefit and will help you navigate through the buying or selling process. We have celebrated selling both New and Resale Homes for over thirty years…..
We are here to answer any questions you might have – just email jennifer@smithteamlasvegas.com
Thanks and make it a terrific day…………The Smith King Team
