In November, the uber-luxury category had a $10 million sale in Summerlin. The home is located in The Ridges, a very affluent neighborhood on the west side. The two-story custom home is on 0.64 acres, and the actual home measures 7,733 square feet with four bedrooms, 5½ baths, a gym, and a movie theater. There’s a four-car garage for the home built in 2014.
Situated along the fifth fairway at Bear’s Best golf course with a large backyard and a pool, the home is a beautiful modern home with incredible views of the city, and all of the bedrooms have en suite baths.
The second-highest sale in November was for $6.6 million at Ascaya in Henderson. Built in 2021, the one-story home that sits on 0.5 acres measures 6,330 square feet with five bedrooms, four full baths, and two partial baths.
The masterful design of this home is that the living spaces are all open to the infinity-edge pool that overlooks the entire valley below. The primary suite features the same indoor/outdoor experience, views, and steps to the pool. The primary bath has a walk-in closet with a dressing room and an indoor/outdoor shower. Plus, each of the five bedroom suites has its own entrance to the patio and outdoors.
Experts say that it is difficult to tell where the luxury market is headed, but the best guess is that it will pick up in March. The rising mortgage rates were part of the Federal Reserve’s plan to ease inflation.
It looks like the slowdown in the housing market is temporary; however, there’s so much going on in the financial markets that it’s distracting the upper-income buyer.
If you have questions about any sector of the residential real estate market, please contact us at The Smith King Team. We will be happy to answer your questions, and when you are ready, we will show you homes and, if you are selling your home, help you put it on the market.
Keep in mind that whether you are interested in buying 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
