Where are the most homes selling in Las Vegas?

According to “Where are the most homes selling in Clark County?”Las Vegas Review-Journal

ZIP code 89135 led the way with most homes sold. This area is located in Summerlin South Las Vegas, Nevada with $45.9 million sold as of early 2024.

The area encompasses Summerlin South, below state Route 159, and is home to ultra-affluent communities such as The Ridges, a guard-gated community with a current average list price of $7.4M and a max list price of $21,5M, and The Summit Club, with prices starting at $7,9M and up to $30M.

The Las Vegas housing market exhibits resilience and adaptability, and prices have continued to rise in the face of the ever-evolving economic landscapes. Specific segments, particularly single-family homes, have experienced substantial growth in median prices, while the luxury market has remained relatively stable.

Las Vegas has about a two-month supply of available homes for sale, indicating relatively low inventory. This low inventory can lead to increased competition among buyers and potentially result in higher returns for sellers.

Market stats also show a 12-month change in months of inventory is down 20.7%, which means the market is tightening because the supply of homes for sale has decreased significantly over the past year. This trend suggests that it is a seller’s market.

This decrease in inventory can further drive up prices and ultimately create a seller’s market as more and more out-of-state buyers from high-priced markets such as CA are still relocating for the generous tax benefits and still reasonable real estate price points.

The median number of days homes are on the market in Clark County is 18 and 15 days for Las Vegas. In Summerlin South, 89135, the median days on the market is 15, which has increased 6.7% Month Over Month.

The Median Sold Price in this area is $740,000, indicating that homes are selling quickly. This quick turnover time can be attributed to the low inventory and high buyer demand.

The list-to-sold price percentage is 99%, showing that homes typically sell very close to their list price. This high percentage indicates strong buyer interest and competition, leading to sellers receiving offers close to their asking price.

The Median Sold Price in Las Vegas is $473k, reflecting a strong demand for homes in the current market. With homes selling quickly and close to the list, sellers can expect a good return on their investment.

This correlation between these real estate metrics paints a picture of a market with limited inventory, high demand, quick sales, and firm prices.

Buyers should be prepared to act fast and potentially pay close to the asking price. Sellers expect to see strong offers and a quick sale.

Contact me directly if you are ready to sell or buy real estate. All my information is in the description of this video. As always, thanks for watching. I hope you enjoyed this video, which provides more Las Vegas real estate updates and home tours. Be sure to subscribe to my channel.

Sources:

Las Vegas Review-Journal – By Patrick Blennerhassett Las Vegas Review-Journal February 13, 2024 GLVAR Las Vegas REALTORS, 2024

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Discover Unparalleled Luxury in Henderson’s Tresor Community

Introducing an exceptional opportunity to own a brand-new residence in the prestigious, gated Tresor community in Henderson, NV. Located at 566 Warhol Ct, this property is a testament to modern luxury and sophisticated design, offering breathtaking views of the Las Vegas Strip from its elevated position.

Property Overview

With an asking price of $1,999,999, this expansive home spans 4,583 square feet and features five bedrooms, four baths, and a versatile loft area. Designed by Lennar, one of the most respected builders in the industry, this house is the largest plan in the Tresor collection, crafted with meticulous attention to detail and an emphasis on luxury living.

Interior Highlights

The heart of this home is its open-concept living space, which combines elegance with functionality. The kitchen stands out with its striking white cabinetry, central island with a stylish waterfall edge, and a state-of-the-art stainless steel appliance package. Adjacent to the kitchen, the dining area is perfect for intimate meals or entertaining guests.

The loft area adds an extra layer of versatility to this already impressive home. It features a built-in wet bar with quartz countertops, making it an ideal space for hosting gatherings or enjoying quiet evenings at home.

Luxurious Main Suite

The primary suite of this residence is a haven of tranquility, boasting access to a private deck that offers unparalleled views of the valley below. The en-suite bath is a masterpiece of design, equipped with dual vanities, a soaking tub, and a walk-in shower, creating a spa-like atmosphere that promises relaxation and comfort.

Location Advantages

Tresor by Lennar Homes is nestled in a serene area of Henderson, renowned for its peaceful ambiance yet close to many amenities. Residents will enjoy easy access to exceptional shopping, dining, hiking trails, and various recreational opportunities, ensuring a lifestyle of convenience and luxury.

Model Home Tour

This property represents a unique opportunity to secure a never-lived-in home that combines luxury, comfort, and an exclusive location. Whether seeking a family residence or a sophisticated retreat, 566 Warhol Ct in the Tresor community is poised to exceed expectations and define luxury living in Henderson.

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Discover Unparalleled Luxury Living on a Private Hillside

Imagine waking up daily to panoramic city views with paralleled mountain vistas that span majestic mountains and glittering cityscapes.

This is not just a dream but a reality for those who seek unparalleled luxury and serenity, only to be found at the exclusive gated enclave of Calico Hills, 964 Black Lava Ct. in Henderson, Nevada.

This haven of tranquility begins with a long, curved driveway, leading to an expansive Porte-cochère that sets the stage for the grandeur that awaits. Upon arrival, guests are immediately surrounded by an atmosphere of sophisticated elegance. The bright, open floor plan is adorned with stunning two-story windows, ensuring that the breathtaking views are the focal point of every room. The home’s interior is a masterpiece, with a curved floating staircase and a majestic 25-foot fireplace creating an impressive and welcoming focal point.

The kitchen is a dream for those who delight in culinary creativity. It has meticulously crafted details, including an expansive walk-in closet with custom solid maple cabinetry, travertine, and onyx stone countertops.

For outdoor enjoyment, a separate outdoor pool bath complements the

resort-style living experience. This exceptional property seamlessly blends luxury, privacy, and sophistication, offering a lifestyle of unparalleled comfort and serenity.

The property offers not one but two private primary suites, each a sanctuary of peace and relaxation. Spa-like marble baths and custom closets add a touch of luxury and convenience, ensuring a serene start and end to each day.

The luxury extends beyond the interior to an impressive outdoor oasis. An exquisite negative edge pool with a swim-up bar, fire table, and pool bath offers a perfect setting for relaxation or hosting memorable gatherings. The seamless integration of indoor and outdoor spaces ensures that residents can effortlessly enjoy the best of both worlds.

Car enthusiasts will appreciate the spacious six-car garage, ample space for a prized car collection, and generous storage. This feature underscores the property’s commitment to meeting and exceeding the desires and needs of its discerning residents.

Located near a prestigious Country Club, residents can access various sports facilities, pristine beaches, world-class golf courses, and exclusive shopping and dining options. This proximity to recreational and leisure activities adds another layer of appeal to this already desirable residence.

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Experience The Ultimate In Luxury Living At Lake Las Vegas – Home Tour

Susan Marques Luxury Real Estate – Las Vegas, NV

Nestled within the exclusive gated enclave of Calico Hills, 964 Black Lava Ct. in Henderson, NV, offers an unparalleled living experience.

This custom-built luxury estate Boasts four spacious bedrooms, each accompanied by its ensuite bathroom and a total of 6 baths; this home is a testament to luxury and privacy. The home boasts meticulously crafted details, including expansive walk-in closets with custom solid maple cabinetry, travertine, and onyx stone countertops.

For outdoor enjoyment, a separate outdoor pool bath complements the resort-style living experience. This exceptional property seamlessly blends luxury, privacy, and sophistication, offering a lifestyle of unparalleled comfort and serenity.

Luxury Custom Home Features:

Long Private, Curved Sweeping Driveway Paver Stones
Six-Foot Bouldered Privacy Walls Extend Along The Rear & Side Of The Property
Highest Quality Smooth Stucco Finish With Natural Burnished Hand-Troweled Color
Hand-fired and Imported Clay Roof With Boosted Installation
Stone Trimmed Windows Are High-Performance Double Paned
Misting System Has The Highest Grade Misters/Foggers Integrated Into Walls On Both Levels
Elegant 15′ Wide Wrought Iron Entry Door With Side Openings
Pool Bath With Rock Outdoor Shower/Dog Wash Area
Quartzite Stone Patio Backyard
Disappearing Edge Pool & Attached Spa With Maximum Views
Swim-up Pool Bar With 4 Underwater Smooth Stone Seats
4 Free-Form High Arch Fountains That Can Be Programmed Interior Features:
Unobstructed views of city and mountains from all main living areas
2-story entrance with pool view and valley/mountains beyond
31’ Grand entry hall met by floor-to-ceiling window wall
Entry fireplace with elaborate cast stone mantel built by Realm Of Design
Custom made Honey Onyx Backsplash
Elegant 15’ wide wrought iron entry door with side opening windows
High-quality double-paned Windsor windows with UV misting system

Exterior Features:

Unique commanding hillside location with no neighbors on either side
Located in a gated enclave neighborhood of 12 private homes/lots in Calico Hills
Six-foot bouldered privacy walls
Long private curved sweeping driveway (250 ft) with paver stones
Classic architectural detailing with smooth stucco finish and hand-fired imported clay roof
Disappearing Infinity Edge resort-style pool with travertine swim-up bar and connected spa
Pool bath with rock outdoor shower/dog wash area
Quarzite stone patio backyard with sunken barbecue, dining areas, and fire conversation area Amenities Nearby
Close proximity to beaches, water sports, South Bay Country Club, multiple parks, gyms, restaurants, shopping
Prestigious golf courses nearby including Reflection Bay Golf Club and Southshore Country Club
Hiking and bike trails
Equestrian facilities and trails

Click here to visit Susan Marques’ YouTube Channel. Please subscribe and hit the bell icon to get notified about the latest videos. Join our growing community today!

ARCHITECTURALLY SIGNIFICANT HOMES ON THE MARKET NOW

Susan Marques, October 21, 2023

Showcasing those most captivating architectural homes currently available for purchase, spanning from The Summit Club in Summerlin to Lake Las Vegas.

Las Vegas has served as an inspiring backdrop for renowned architects worldwide. The diverse landscape features a range of desert modern designs, including expansive contemporary estates and minimalist gems that seamlessly blend indoor and outdoor living.

What is an A.S.H. Homes?

An A.S.H. Home refers to an Architecturally Significant Home that must meet a specific set of requirements to be categorized as such. These requirements typically involve technical challenges, constraints, or alignment with the system’s purpose.

The Summit Club Summerlin Las Vegas, NV (23.5M)

Discover this extraordinary Architecturally Significant Home by Blue Heron Elite custom home division. A true architectural marvel, located in the exclusive Summit Club. Situated on a premium corner lot over an acre, this $23,500,000 residence offers breathtaking views of mountains, a golf course, and the vibrant cityscape.

11051 Witchcraft Ct Las Vegas, NV 89135 Listing Presented By: Lillie M. Shines S.0077182 | Coldwell Banker Premier | Source: GLVAR,MLS#: 2507786

Experience the ultimate indoor-outdoor living with expansive pocket sliders. Indulge in the gourmet chef’s kitchen equipped with top-of-the-line appliances and a temperature-controlled wine wall. Unwind in the flex room, stay active in the gym, and enjoy the two spacious secondary bedrooms with ensuite baths.

The primary bedroom presents a private sitting area with direct access to its own spa-like sanctuary. Delight in the luxurious outdoor oasis of the primary bathroom, featuring dual showers.

Adjacent to the primary closets, you’ll find your own private office, providing a tranquil workspace. Step into the resort-style backyard and be captivated by the two zero-edge pools with a spa, as well as the outdoor kitchen complete with a pizza oven and bar. Revel in the panoramic views from the roof deck with a fully equipped bar, offering an unparalleled

perspective of the iconic Strip and dazzling city lights. For additional accommodations, the private attached 5-bedroom, 4-bathroom casita provides limitless options to suit your lifestyle.

The Estates at Lone Mountain ($6M)

Indulge in the unrivaled luxury of 4180 North Jensen Street. This contemporary masterpiece boasts 8 bedrooms and 9 bathrooms, nestled on a private 0.97-acre lot within the Estates at Lone Mountain.

Prepare to be enchanted by the grandeur of this home, featuring 8926 square feet of living space with soaring 20+ foot ceilings. Enthusiasts will appreciate the 6-car garage and RV hookup, while outdoor amenities such as a saltwater pool, spa, shower, and casita create an oasis of relaxation.

4180 N Jensen St Northwest Las Vegas, 89129 | Listing Presented By Ivan G. Sher | BS.0046822 | IS Luxury

Enjoy the convenience of home automation, security cameras, and water filtration, as well as a flourishing fruit orchard and close proximity to Lone Mountain and parks. Delight in the seamless blend of indoor-outdoor living as you soak in the breathtaking sunset over the tranquil landscape. This listing is not simply a property; it’s a rare opportunity to embrace innovation, elegance, and allure.

Caliza Show By Blue Heron Nexus ($3.9M)

Situated on the North Shore of Lake Las Vegas, the Caliza Show Home by Blue Heron offers an exceptional lakefront lifestyle.

5 Falling Ridge Lane, Henderson, Nevada 89011 | Listing Prsented By Darin Marques | B.0145227 | Virtue Real Estate Group

With 6,114 square feet of desert modern design, this two-story home showcases dynamic elevated lake views. It features voluminous ceilings, a striking linear gas fireplace, seamless indoor/outdoor living, 4 bedrooms, 4 baths, a 4-car garage, and an upper-level loft/game room with a bar. The sophisticated kitchen boasts a central waterfall island, custom cabinetry, a walk-in pantry, and a temperature-controlled wine cellar. The main-level primary bedroom showcases a stunning bath with double sinks, a walk-in shower, and a bath, as well as private access to the exterior. The property includes intimate conversation areas, an elevated infinity-edge heated pool, a spa, and breathtaking views of the lake and surrounding landscape. Close to incredible hiking and biking trails, championship golf, and outdoor dining, this gated property offers a private sanctuary.

PEOPLE WANT LESS EXPENSIVE HOMES – AND BUILDERS ARE RESPONDING

Susan Marques, August 25, 2023

In today’s housing market, there are two main challenges impacting buyers: increased mortgage rates, and rising home prices caused by low inventory. With new construction homes making up a historically large percentage of the total available inventory home search for many of our clients includes new construction homes!

“What I’m finding in this market right now especially with the shortage of inventory is it’s taking your clients 9 to 12 months to find a home anyway. You can put them in new construction today and by the they would have found a home they could have a completed new home.”CEO / Broker Darin Marques at Virtue Real Estate Group.

According to Marques, the majority of inventory that is in the MLS now is new construction. We are up around 3,000 homes on the market about 25% of that are new construction and the other 50-60% are homes built prior to 2005 and they are all dated. So the real challenge in this market is finding something that is more modern and contemporary style homes that are currently in style.

I’ve also found former buyers of resale who make renovations to update their home end up wishing they just purchased new construction due to the high cost and inconvenience of remodeling. I always recall an open house at Prado, A BH Nexus community. A neighbor who stopped in told me he wished he knew about the community beforehand as he had moved from California, bought a resale and spent $1,000,000 in renovations. According to Marques.

People Are Spending Less on Newly Built Homes

The graph below uses the latest information from the Census to show, in June, more of the newly built home sales in this country were in lower price ranges than in 2022:

:

Last year, only 58% of newly built home sales were less than $500,000. This June, that number was up to 65%. This means more people are buying less expensive newly built homes right now while affordability remains a challenge in the resale market.

Builders Are Offering Encouraging Incentives

Builders have picked up on this trend and are reacting accordingly. George Ratiu, Chief Economist at Keeping Current Matters, explains:

“Builders are also responding to this shift by bringing slightly smaller homes to market in an effort to meet lower price points . . .”

New data from the Census further confirms this pattern – it shows the median sales price of newly built homes has dipped down in recent months (see graph below):

And as Mikaela Arroyo, Director of the New Home Trends Institute at John Burns Real Estate Consulting, says, the builders who are most responsive to this trend are forming pathways to homeownership:

“. . . it is creating opportunities for people to be able to afford an entry-level home in an area. . . . if you get that size down, that automatically will make it a more affordable home. The [builders] that are decreasing [size] the most are probably the ones that try to build more of an affordable product.”

How I Can Help

Builders producing more affordable newly built homes give you more options at a time when that’s really needed. If you’re hoping to buy a home soon, connect with me to find out what’s available in your area. As your new home advisor I can help you search the newest up and coming communities, shop incentives and help you review the incentives and options allowing you to get the best deal.

Bottom Line

If you’re having a hard time finding a home you like then it may be the right time to consider new construction. As a real estate professional who knows all about the latest inventory in the area, including homes still under construction, just built and coming soon. This way you have an expert on your side who can provide information on builder reputations, builder contracts and negotiations, and more to help you with the homebuying process.

Connect with me to learn more!

Email: [email protected].

BREATHTAKING CUSTOM HOMESITES AT ASCAYA OVERLOOKING LAS VEGAS (EXCLUSIVE COMMUNITY)

Susan Marques, August 28, 2023

I guess you can say that my real estate career began at Ascaya nearly 8 years ago today. Then, a content marketer and now a licensed real estate agent. The community has grown so much since then and continues to spur superior development across the valley. Some of the finest architects, interior designers and entrepreneurs are amongst the ones that live, breathe and thrive at this luxury development at Ascaya. Watch my short but informative community spotlight to grasp more about what this exclusive community has to offer.

Ascaya A Private Luxury Community Overlooking Las Vegas

ASCAYA, located in Henderson, Nevada, is not just a collection of custom luxury estates. It’s a monument of spiraling stone that represents the epitome of opulence. The ASCAYA Clubhouse is more than just a residential facility; it’s a haven that embodies a resort-style environment. Step inside, and you’ll discover a world of possibilities. From dedicated areas for events, meetings, and gatherings to health, spa, and fitness amenities, ASCAYA’s Clubhouse caters to your every need. Engage in sports and outdoor activities or indulge in child-friendly programs. This exclusive oasis serves the residents of ASCAYA’s 313 estate sites, conveniently situated only ten miles south of the Las Vegas Strip on the majestic McCullough Range in Henderson, Nevada. Take in the captivating vistas of the city and its surroundings, as this development majestically rises nearly 1,000 feet above the Las Vegas Valley.

With nearly $300 million spent in preparing these breathtaking homesites, this luxury community continues to spur superior development of modern custom architecture. Ascaya combines the gorgeous desert scenery with luxury amenities at the community’s ultra exclusive clubhouse. Conveniently close to schools, shopping areas, resorts, and golf courses.

Ascaya’s premier location is situated just 15 miles south of the Las Vegas Strip, 3 miles from Green Valley Ranch Spa & Casino, 23 miles west of Lake Mead in Henderson, Nevada. It is also 7 miles from the Henderson airport and just under 8 miles to McCarran International Airport. The 23,000 square foot Luxury Clubhouse that is the heart and soul of this exclusive development. With soaring rooflines, lush terraced gardens, and a variety of beautiful spaces for gathering and events. T

he Ascaya Clubhouse is the vibrant hub of social activities and the perfect place to start your day by exercising in the expansive fitness studio or swimming a few laps at the 50m swimming pool. The clubhouse also includes a tennis pavilion, half-court basketball and private cabanas. This family-focused space is luxury at its finest.

FETE BY BLUE HERON ELITE NOW ON THE MARKET FOR $23.5 MILLION

Susan Marques, October 21, 2023

Immerse yourself in the embrace of modern minimalist luxury and feel the seamless connection to the surrounding natural environment . Discover this extraordinary custom home, a true architectural marvel, located in the exclusive Summit Club. Situated on a premium corner lot of over 1 acre, this residence offers breathtaking views of mountains, a golf course, and the vibrant cityscape.

“Welcome to Fete, the extraordinary custom Home we created, where impeccable craftsmanship converges with breathtaking architecture to deliver an unparalleled living experience in the world-renowned Summit Club,”Blue Heron.

Presented By: Lillie M. Shines | S.0077182 | Coldwell Banker Premier Source: GLVAR,MLS#:2507786

DISCOVER PRADO: YOUR URBAN OASIS IN WEST LAS VEGAS, NV

Susan Marques, October 21, 2023

Prado, situated in West Las Vegas, is an exclusive residential community developed by BH Nexus. This prime location offers a harmonious blend of tranquility and convenient city connections. Just minutes away from the vibrant Las Vegas Strip and the bustling Summerlin urban hub, residents will be captivated by the architectural brilliance of their sanctuary. Despite being surrounded by city lights, Prado creates an atmosphere that feels miles away from the urban hustle.

The Home’s sky deck delivers sweeping vistas of the Las Vegas valley and the vibrant strip. A spacious outdoor sofa, complemented by a fire table, creates an ideal setting for hosting gatherings and appreciating the scenic views.Blue Heron.

With limited availability of only 18 homesites, seize this opportunity to own a Vegas Modern™ design that guarantees an unparalleled experience and service from our team of experts.

MARKET UPDATE (NEW CONSTRUCTION BOOM, BUYER & SELLER MARKET STATS)

Susan Marques October 21, 2023

Let’s begin by discussing the current supply of inventory in our market. Presently, we have a 2.12 months supply of inventory. This figure represents the estimated time it would take for all available homes on the market to be sold, based on the current rate of sales. It’s worth noting that this is a tight market!

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Months Supply of Inventory: -39.6%

Now, here’s the fascinating part – over the last 12 months, we’ve observed a significant decline of 39.6% in the month’s supply of inventory. This indicates a high demand for homes in Las Vegas, contributing to a more competitive market. As a seller, this is fantastic news for you!

List to Sold Price: 98.5%

Speaking of sellers, let’s discuss the list of sold price percentages. Currently, we’re looking at a list to sold price ratio of 98.5%. This means that, on average, sellers are achieving close to their initial asking price. If you’re considering selling your home, now may be an excellent time to capitalize on this robust market and potentially maximize your profits.

Median Days on Market

Now, let’s examine the median days on market. Presently, homes in Las Vegas are spending just 19 days on the market before being sold. That’s less than three weeks! This clearly demonstrates the high demand and competitiveness of our market. As a buyer, it’s crucial to be prepared and act swiftly when you come across a home you love.

Median Sold Price: $404,995

Lastly, let’s delve into the median sold price. As of September 2023, the median sold price for homes in Las Vegas stands at $404,995. Remember, this is purely an average figure, and prices can vary based on factors like location, size, and condition. However, it does provide an overall understanding of the market trend.

Susan Marques

Where are the most homes selling in Las Vegas?

Discover Unparalleled Luxury in Henderson’s Tresor Community