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August Million Dollar Home Sales Hot for Luxury Homes of Las Vegas

August Million Dollar Home Sales Hot for Luxury Homes of Las Vegas

We had strong luxury home sales in the month of August for Las Vegas and Henderson, Nevada. There were a total of 19 luxury homes sold at or over $1 million in August. This compares to just 11 luxury homes sold in August, 2011. Just two of the nineteen sales were distressed or bank owned sales. Sales have steadily improved throughout 2012 as luxury home buyers have recognized that the market bottom is behind us. Our available luxury home inventory has declined. Interest rates are at all time lows. Buyer psychology has improved. The market is finally bouncing back nicely! Below is a summary of the nineteen Las Vegas and Henderson, Nevada luxury homes sold for one million dollars or more in August:

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