The luxury real estate market in Las Vegas is heading for its best year for a decade with sales of 364 seven-figure homes sold in the last year, a rise of 35% from a year earlier
The luxury real estate market in Las Vegas is heading for its best year for a decade with sales of 364 seven-figure homes sold in the last year, a rise of 35% from a year earlier.
Figures from Luxury Homes of Las Vegas reveal that the market is fairly balanced with strong demand coupled with inventory of around 400 homes in the $1 million and above sector.
Buyers have a fair inventory to view and sellers see a steady stream of qualified, cautious buyers who are purchasing," says Kenneth Lowman, Luxury Homes of Las Vegas owner/broker.
Around 1 in 5 of the luxury sales were in the master planned community of Summerlin with gated neighborhoods were homes sell in the $2 million to $6 million price range.
"The future looks bright with many luxury home buyers coming from all across the US, internationally and locally. We have new communities raising the bar for luxury home prices and quality, such as The Summit Club where
Homesites start at $3 million,” Loman adds.
He says that the luxury market in Las Vegas is being helped by two professional sports franchises which will attract more buyers to the area.
Figures from Luxury Homes of Las Vegas reveal that the market is fairly balanced with strong demand coupled with inventory of around 400 homes in the $1 million and above sector.
Buyers have a fair inventory to view and sellers see a steady stream of qualified, cautious buyers who are purchasing," says Kenneth Lowman, Luxury Homes of Las Vegas owner/broker.
Around 1 in 5 of the luxury sales were in the master planned community of Summerlin with gated neighborhoods were homes sell in the $2 million to $6 million price range.
"The future looks bright with many luxury home buyers coming from all across the US, internationally and locally. We have new communities raising the bar for luxury home prices and quality, such as The Summit Club where
Homesites start at $3 million,” Loman adds.
He says that the luxury market in Las Vegas is being helped by two professional sports franchises which will attract more buyers to the area.
