Demand for new luxury homes in the Las Vegas Valley remains strong and builders and developers expect a great 2024 coming off a Super Bowl that saw members of the Kansas City Chiefs rent out multi-million-dollar homes with displays on social media.
Real Estate Millions
The Las Vegas luxury home market got off to a strong start in 2023 by securing the second highest number of sales in history to begin the year, culminating in a $19 million sale at the Summit Club in Summerlin to close January.
Sales of high-rise condos in Las Vegas slowed in 2023 compared to the previous two years but sellers willing to put them on the market were rewarded by the highest price per square foot paid in the valley’s history.
Sales of high-rise condos in Las Vegas slowed in 2023 compared to the previous two years but sellers willing to put them on the market were rewarded by the highest price per square foot paid in the valley’s history.
The Super Bowl has served as a boon for the ultra luxury home rental market in Las Vegas with one MacDonald Highlands estate in Henderson going for $100,000 in February, matching a record set in November for the same house.
Located at 21 Sky Arc in the premier Henderson community of Ascaya, the 41st edition of the official show home for the annual National Association of Home Builders (NAHB) International Builder’s Show (IBS) features industry innovations, revolutionary design and unparalleled energy efficiency.
The International Surface Event showcased floor coverings (Surfaces), stone (StoneExpo) and tile (TileExpo) at the convention center at Mandalay Bay from Jan. 23 to 26.
Lake Las Vegas, which is unveiling its newest luxury development this weekend on The Island, posted its second best year in sales since the Great Recession.
Lake Las Vegas, which is unveiling its newest luxury development this weekend on The Island, posted its second best year in sales since the Great Recession.
Las Vegas Raiders owner Mark Davis topped the list in 2023 of selling the most expensive condo in Las Vegas when he netted $10.5 million for his unit at The Summit Club in Summerlin.
The highest sale in December was for $13.9 million in cash for a home under construction on Chisel Crest Court in Ascaya.
The asking price for luxury homes remains elevated entering 2024 with eight homes listed at $18 million and higher.
It was quite the active luxury market at the top end while sales of $1 million and higher were running behind numbers compared to 2021 and 2022.
Interior designer Laura Sullivan doesn’t rely on Christmas décor trends. For 16 years, the owner of My Favorite Design Inc., has performed her holiday design magic, creating personal reflections for high-end clients.
Traditionally a symbol of discernment and taste, wine collections are moving from a hidden, lower-level wine cellar to a prominent role within the luxury residence.
