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Las Vegas Luxury Market Statistics

Spring is upon us in Las Vegas! 75 degrees, how very nice. In January we had nine luxury home sales close for over $1,000,000. In February, we had 11 luxury home sales close for over $1,000,000. Buyer activitiy in the luxury market has been ...

Luxury Real Estate Improving

I recently returned from a Vail, CO ski trip and the local media reported that the sale of luxury real estate there was up over last year. Luxury sales were nowhere near there 2007 or 2008 high, but markedly improved from 2009. In the Vail ar...

Reasons it still pays to buy a home

The past few years has brought many negative real estate articles and even so called experts that say it is no longer wise to own real estate. All these negative articles usually signala market bottom and I can see the smart money has already ...

2011 A New Year!

Happy New Year to all our clients, friends, past customers and blog readers! 2010 certainly brought challenges to the luxury real estate market in Las Vegas and 2011 will continue to bring an environment of challenge and opportunity. Here are...

Santa Clause Rally?

Since the election November 2, 2010 we have been extremely busy selling luxury homes here in Las Vegas. We have sold two luxury estates over $4 million (one in The Ridges and one in Summerlin) and several in the $1 million to $2 million rang...

3rd Quarter 2010 Luxury Market Report

Luxury Homes of Las Vegas just released their 3rd quarter luxury real estate market report. Luxury homes selling at or above one million dollars were down by 14% over the same period last year. Luxury homes selling at or above three millio...

When will appraisers get it right?

In the past three months I have sold five properties where the appraisal has not come in at the agreed upon sales price. Thus far, we have managed to close four of them by getting the buyer to agree to pay an above appraisal price and/or the s...

In Support of Homeownership

The cover story in Time Magazine is “Rethinking Homeownership.” The story includes many of the pitfalls of homeownership with the largest being lack of mobility. With this exception, much of the data is backward looking and covers the worst...

Go with the Expert

Ultra luxury homes are still selling and in Las Vegas YTD (as of 7/17/10) there have been 12 total sales in the Greater Las Vegas Association of Realtors Multiple Listing Service. Some of the common attributes of these luxury homes that sold we...

Luxury Home Foreclosure Jet Tour Huge Success

Luxury Homes of Las Vegas and JetSuite Air are jointly hosting a complimentary “Luxury Home Foreclosure Private Jet Tour” leaving from Los Angeles to tour three stunning, bank-owned, luxury homes in Las Vegas. Each of the mansions is mo...

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