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
The kitchen and dining area at Fete offers a spacious, open, and light-filled ambiance. It features a captivating glass-enclosed wine wall, seamlessly combining modern culinary features with stunning interior design.
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 main bedroom offers a secluded sitting area with direct access to its own spa-like retreat. Enjoy the luxurious outdoor oasis of the main bathroom, including dual showers. Adjacent to the main closets, there is a private office, providing a serene workspace. Step into the resort-style backyard and be amazed by the two zero-edge pools with a spa, along with the outdoor kitchen featuring a pizza oven and bar. Take pleasure in the panoramic views from the roof deck with a fully equipped bar, offering an unmatched perspective of the iconic Strip and dazzling city lights. For additional accommodations, the attached 5-bedroom, 4-bathroom private casita delivers endless options to complement your lifestyle.
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.
LAS VEGAS OASIS NEW CONSTRUCTION HOMES, HALF ACRE HOME SITES, BLUE HERON VEGAS MODERN DESIGN BY BH NEXUS
Welcome to Oasi, located in the historic old Tomiyasu neighborhood on the east side of Las Vegas just minutes from The Strip, Harry Reid International Airport, and Green Valley Ranch in Henderson, Nevada.
As you enter the gates of this stunning BH Nexus community, you’ll be transported to a world of luxury and opulence. At Oasi, you have the option of four biophilic Vegas Modern floor plans by Blue Heron Nexus each one masterfully designed with attention to detail and the highest level of craftsmanship.
“Together, we deliver exceptional service, expertise, and craftsmanship in designing, building and selling Las Vegas’ most architecturally significant homes,”Blue Heron.
“The spacious and inviting great room connected to the kitchen is perfect for chatting, hosting guests, and unwinding after a long day,”Blue Heron
The Sancta floor plan is one of the most spacious options available (6,203 – 6,529 square feet) of living space. Up to 9 bedrooms, 9.5 bath and a 4 car garage, what’s truly unique about this floor plan is that the primary suite is situated in its own separate wing, offering unrivaled privacy and tranquility.
The primary suite opens up to the exterior oasis overlooking the large pool / spa, casita and exterior shower that is surrounded by lush greenery.
You’ll also find a large luxurious media room and a detached casita, perfect for hosting guests, working remotely or transforming into any living space your heart desires. You also have the option of a sky deck, next generation suite and other functional living spaces when you opt to curate your own Blue Heron home with BH Nexus.
One of the standout features of the Sancta floor plan is the private courtyard that separates the two wings of the home. This secluded oasis is the perfect place to enjoy your morning coffee or relax after a long day. You’ll also find a sky deck that offers breathtaking views of the surrounding landscape, making it the ultimate spot for stargazing or watching the sunset.
At Oasi, you’ll have the opportunity to work closely with the expert team at Blue Heron Nexus to curate the perfect floor plan for your unique needs and lifestyle. Whether you choose the Valle, Haven, Cresta, or Sancta floor plan, you can rest assured that your home will feature the highest quality finishes and cutting-edge technology.
Experience the epitome of luxury living at Oasi, where every detail has been thoughtfully considered to create a one-of-a-kind living experience. Don’t miss your chance to own a piece of this unparalleled oasis in the heart of Las Vegas.
Welcome to Oasi, located in the historic old Tomiyasu neighborhood on the east side of Las Vegas just minutes from The Strip, Harry Reid International Airport and Green Valley Ranch in Henderson, Nevada.
As you enter the gates of this stunning BH Nexus community, you’ll be transported to a world of luxury and opulence. At Oasi, you have the option of four biophilic Vegas Modern floor plans by Blue Heron Nexus each one masterfully designed with attention to detail and the highest level of craftsmanship.
“Together, we deliver exceptional service, expertise, and craftsmanship in designing, building and selling Las Vegas’ most architecturally significant homes,” Blue Heron.
The Sancta floor plan is one of the most spacious options available (6,203 – 6,529 square feet) of living space. Up to 9 bedrooms, 9.5 bath and a 4 car garage, what’s truly unique about this floor plan is that the primary suite is situated in its own separate wing, offering unrivaled privacy and tranquility.
The primary suite opens up to the exterior oasis overlooking the large pool / spa, casita and exterior shower that is surrounded by lush greenery. You’ll also find a large luxurious media room and a detached casita, perfect for hosting guests, working remotely or transforming into any living space your heart desires. You also have the option of a sky deck, next generation suite and other functional living spaces when you opt to curate your own Blue Heron home with BH Nexus.
One of the standout features of the Sancta floor plan is the private courtyard that separates the two wings of the home. This secluded oasis is the perfect place to enjoy your morning coffee or relax after a long day. You’ll also find a sky deck that offers breathtaking views of the surrounding landscape, making it the ultimate spot for stargazing or watching the sunset.
At Oasi, you’ll have the opportunity to work closely with the expert team at Blue Heron Nexus to curate the perfect floor plan for your unique needs and lifestyle. Whether you choose the Valle, Haven, Cresta, or Sancta floor plan, you can rest assured that your home will feature the highest quality finishes and cutting-edge technology.
Experience the epitome of luxury living at Oasi, where every detail has been thoughtfully considered to create a one-of-a-kind living experience. Don’t miss your chance to own a piece of this unparalleled oasis in the heart of Las Vegas.
Welcome to Vintage Valley, a luxury community located in the heart of Southern Highlands, Las Vegas. This guard-gated community opens up to lush greenery and beautiful surroundings, boasting a view of the Southern Highlands golf course as an added bonus. Stepping into this community is only the beginning of the luxurious lifestyle that awaits.
9 Fire Rock, a custom-built estate, welcomes you with a timeless modern design that is perfect for entertaining guests. With two levels of living space, this stunning home features mirrored primary suites on both floors that offer spa-style baths, steam showers, and custom walk-in closets with a built-in washer and dryer. The first level showcases an additional primary suite, a two-level home theater room, a den with a private exterior entryway, and an expansive indoor-outdoor living space. Meanwhile, the second level boasts an expansive loft, additional rooms, and balconies that overlook the beautiful backyard oasis.
Guests can expect to be pampered with mini suites, full bathrooms, and custom walk-ins that flaunt timeless finishes. And for car enthusiasts, there is ample space for all of your vehicles and storage needs in a spacious 7+ car garage that spans 1,678 sq ft.
The gorgeous curb appeal of this estate is highlighted by a porte-cochère and surrounding greenery that is sure to impress. But that’s not all – step outside and experience the ultimate in indoor-outdoor living with a backyard oasis that features pocket doors that seamlessly blur the lines between indoor and outdoor spaces. Relax and unwind with two covered patios, an expansive swimming pool, and a BBQ dining area.
Unveiling a brand-new, contemporary gem in the guarded Vintage Valley enclave of Southern Highlands. This tastefully curated 7,242 sqft home offers 4 bedrooms, with options to convert the loft into a 5th bedroom or a home office. The game room and theatre are conveniently located near the living area. It features dual master bedrooms upstairs and downstairs, both equipped with spa steam showers, custom walk-in closets, and personal washer/dryer units. Other bedrooms serve as mini suites, each with its own walk-in closet and full bathroom. The grand kitchen is complemented by a “dirty kitchen” for behind-the-scenes prep. A capacious 7+ car garage provides ample storage. The backyard is a beautifully crafted retreat with pocket sliding glass doors leading to covered patios, a BBQ area, and an expansive 1125 sqft pool (twice the size allowed under current water conservation rules). Enjoy indoor-outdoor living at its finest in this entertainer’s paradise.
Virtue Real Estate Group Presented By Darin Marques, Source: GLVAR #2540707
For those seeking a luxury lifestyle in a safe and secure community, Vintage Valley checks all the boxes. Come see for yourself what makes this estate at 9 Fire Rock so special.
Are you in the market to buy or sell a house? If so, you must stay informed about the current supply of homes in your area. In this article, we’ll provide an update on the current inventory of homes for sale and its implications for buyers and sellers.
Historically, there has been a shortage of houses for sale, making it challenging for buyers to find suitable properties. However, recent national data from Realtor.com suggests that there has been a slight increase in housing supply in many parts of the country. Last month, the country’s housing supply rose by 5%.
While this news might seem promising for potential buyers, it’s important to note that the current inventory remains significantly lower than typical levels. The graph below illustrates the present active listing counts in comparison to the most recent “normal” years in the housing market (2017-2019). As you can see, there is still a long way to go before inventory levels return to normal.
It’s crucial to remember that the housing market is highly local, and therefore, a trusted real estate agent is vital to get an accurate assessment of your specific market. If you’re looking to buy a home, your agent can provide a more comprehensive understanding of the inventory situation and offer essential strategies that other buyers have successfully used to navigate the low housing supply.
📊 Here’s a Market Snapshot: 📅 Date: October 2023 📍 Location: Las Vegas, Nevada
📈 Housing market is on the move! Here’s a snapshot of the latest market trends:
✅ Currently, we have a low 2.25 Months Supply of Inventory, indicating a competitive market for buyers. It’s crucial to act swiftly to secure your dream home in this fast-paced market.
📉 Over the last 12 months, the Months Supply of Inventory has decreased by 39.35%. This reduction shows a trend towards limited inventory, leading to increased demand and potentially higher home prices.
💲 Looking at the numbers, the List to Sold Price percentage stands at an impressive 98.6%. This indicates that sellers are receiving strong offers close to their asking prices, making it an advantageous time to sell your property.
⏰ Homes are not staying on the market for long! The median days on market is just 18 days. If you’re considering selling, this statistic highlights the desirability of Las Vegas properties and the potential for a quick sale.
📈The median Sold Price for homes in Las Vegas currently stands at $405,000. This figure showcases the value and growth potential of properties in our vibrant city.
For sellers, the rise in housing inventory should not discourage you. Despite the slight increase in the national inventory, available homes on the market remain significantly lower than usual, and some areas may have an even lower supply. A skilled agent can offer essential tactics to help you sell your property effectively in this competitive market.
Keeping up to date on the latest real estate market trends is essential whether you’re looking to purchase or sell a home. Don’t hesitate to reach out to our experts for guidance in navigating the continuously evolving world of real estate.
As your trusted REALTOR® I am here to guide you through the ever-changing market conditions and help you make informed decisions. Whether you’re buying or selling, don’t hesitate to reach out for personalized advice tailored to your unique situation! 🤝
Buying a home is, for many, the biggest investment they’ll ever make. It’s not just a place to live, but an asset that can appreciate over time and generate wealth. Tt’s not surprising that homebuyers have become increasingly cautious when it comes to making this decision, especially in times of uncertainty.
Unfortunately, much of the media has contributed to this insecurity by spreading rumors and speculation about the housing market. These alarming headlines and clickbait articles may harm the industry by driving potential buyers away and prolonging the recovery process. But before giving in to fear and panic, it’s essential to take a closer look at the facts and listen to the people who know the market best: real estate professionals.
According to Fannie Mae’s latest report, more than one in five Americans still believe that home prices will decline over the next year. This perception is not necessarily based on reality but rather on misleading information that has been circulating in the media for months. Experts agree that the slight dip in housing prices last year was temporary and that the market has already rebounded in 2023.
In fact, the latest forecasts from various organizations confirm that home prices are expected to increase this year, instead of falling as some sources have suggested. The Fannie Mae forecast, for instance, has been revised from 3.9% to 6.7% appreciation for the year, highlighting the confidence experts have in the market.
While some may still feel skeptical about the housing market’s recovery, it’s crucial to keep in mind that the real estate industry operates differently from other markets. Unlike stocks, for example, which can plummet overnight, the housing market is relatively stable and follows predictable patterns.
Moreover, buying a home is not always about timing the market to get the best price. It’s about finding the right property that fits your lifestyle, meets your needs, and aligns with your long-term financial goals. In other words, while it’s essential to stay informed about the market trends, it’s even more crucial to focus on your personal situation and what you hope to achieve by purchasing a home.
If you’re feeling unsure or worried about the housing market, the best thing you can do is to talk to a real estate professional who can provide you with accurate and up-to-date information. An expert can also help you navigate the complex process of buying a home, from finding the right property to securing financing and closing the deal.
In conclusion, don’t believe everything you read or hear about home prices. Instead, rely on trusted sources, consult with professionals, and focus on your personal goals. Rest assured that the housing market is on a positive trajectory, and many opportunities await those who are ready to take advantage of them.
Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today.
You may have heard inventory is low right now, but you may not fully realize just how low or why that’s a perk when you go to sell your house. This graph from Calculated Risk can help put that into perspective:
As the graph shows, while housing inventory did grow slightly week-over-week (shown in the blue bar), overall supply is still low (shown in the red bars). Compared to the same week last year, supply is down roughly 10% – and it was already considered low at that time. But, if you look further back, you’ll see inventory is down even more significantly.
To gauge just how far off from normal today’s inventory is, let’s compare right now to 2019 (the last normal year in the market). When you compare the same week this year with the matching week in 2019, supply is about 50% lower. That means there are half the homes for sale now than there’d usually be.
The key takeaway? We’re still nowhere near what’s considered a balanced market. There’s plenty of demand for your house because there just aren’t enough homes to go around. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), explains:
“There are simply not enough homes for sale. The market can easily absorb a doubling of inventory.”
So, if you want to list your house, know that there’s only about half the inventory there’d usually be in a more normal year. That means your house will be in the spotlight if you sell now and you may see multiple offers and a fast home sale.
Bottom Line
With the number of homes for sale roughly half of what there’d usually be in a more normal year, you can rest assured there’s demand for your house. If you want to sell, let’s connect now so your house can shine above the rest while inventory is so low.
Buying a new construction home can be an exciting experience. From being the very first owner, to customizing your home’s features, there are a lot of benefits. But navigating the complexities of buying a home that’s under construction can also be a bit overwhelming. This is where a skilled real estate agent can make all the difference.
An article from The Mortgage Reportssums it up like this:
“Your Realtor or real estate agent will be key to helping you navigate this process. . . . they can guide you through construction and help anticipate and solve for any possible snags along the way.”
Here’s how your agent is an invaluable resource in your search to find and buy your new home.
Agents Know the Local Area and Market
Your agent is well-versed in the emerging communities and upcoming developments that could influence your decision. It’s important to consider how the neighborhood and the surrounding area might evolve before making your home purchase. Your agent can help you find a community that perfectly aligns with your preferences, lifestyle, and future needs.
Knowledge of Construction Quality and Builder Reputation
An agent also has the expertise to evaluate the construction quality and reputation of different builders. Their knowledge and experiences with local builders allow them to offer insights into each one’s track record, customer satisfaction, and construction practices. This information can help you avoid any potential risks and help you confidently select a builder known for delivering quality homes.
Assistance with Customization and Options
The most obvious benefit of opting for new home construction is the opportunity to customize your home to suit your preferences. Your agent will guide you through that process and share advice on the upgrades that are most likely to add long-term value to your home. Their expertise ensures you focus your budget on areas that will give you the greatest return on your investment later on.
Understanding Builder Contracts and Negotiations
Builder contracts can be complex and differ from traditional home purchase agreements. Your agent can help you navigate these contracts to make sure you fully understand the terms and conditions. They’re also skilled negotiators who can advocate on your behalf, potentially securing better deals, upgrades, or incentives for you throughout the process.
Bottom Line
The guidance and expertise of a local real estate agent can make all the difference in turning your vision of the perfect home into a reality. Let’s connect so you can feel confident about purchasing your new construction home!
Sincerely,
Susan Marques | Virtue Real Estate Group | BS.0146408
Whether you are a buyer or a seller, understanding real estate metrics is crucial in making informed decisions in the housing market. So, let’s dive right in and explore the correlation between these real estate indicators.
Months Supply of Inventory
Did you know that currently there are only 1.9 Months Supply of Inventory? This means that demand is high, and the market is favoring sellers. Over the last 12 months, we’ve seen a -16.3% decrease in Months Supply of Inventory, indicating a tightening market.
Months Supply of Inventory metric represents the number of months it would take to sell all the available homes on the market if no new listings were added. A lower value indicates a seller’s market, where demand exceeds supply, resulting in potentially higher prices. With a months supply of inventory of 1.97, we can conclude that the market leans towards a seller’s market, indicating a high level of demand.
12-Month Change in Months of Inventory
Next, we have the 12-Month Change in Months of Inventory, which is at -16.88%. This metric showcases the percentage change in the months of inventory over the past year. In this case, the negative value indicates a decrease in the number of months it would take to sell all the available homes. This further supports the notion of a seller’s market, as the decrease suggests a tightening supply and increased competition among buyers.
Median Days Homes are On the Market
Median Days Homes are On the Market, stands at a mere 20 days as of August, 1st 2023. This metric represents the average number of days it takes for a home to be sold after being listed. A lower value suggests a faster-paced market where properties are in high demand and attract eager buyers. With a median of only 20 days, we can infer that the real estate market is highly active, with properties being snatched off the market relatively quickly.
List to Sold Price Percentage
List to Sold Price Percentage, currently stands at an impressive 98.6%. This metric illustrates the percentage of the listing price that a property ultimately sells for. A higher percentage indicates that sellers are receiving offers close to their asking prices, reflecting a strong market where buyers are willing to meet sellers’ expectations. With a list to sold price percentage of 98.6%, we can conclude that sellers in this market have been successful in negotiating deals close to their asking prices.
Median Sold Price
Median Sold Price, which is at a substantial $443,250. This metric represents the midpoint of all the sold prices in a given area, providing insight into the overall pricing trends. With a median sold price of $443,250, we can deduce that the market is experiencing healthy price levels, reflecting strong demand and value in the housing market.
In summary, the correlation between these real estate metrics paints a promising picture for both buyers and sellers. The low months supply of inventory, coupled with a decrease in the months of inventory over the past year, suggests a seller’s market with high demand and potential for increased prices. The short median days homes are on the market further reinforces this notion, indicating a fast-paced market where properties are selling swiftly. Additionally, the high list to sold price percentage signifies that sellers are achieving their desired prices, while the substantial median sold price suggests a healthy and valuable market.
With these metrics in mind, buyers can approach the market with a sense of urgency and be prepared to make competitive offers, while sellers can expect strong demand and potentially favorable selling conditions. As always, it is crucial to consult with a trusted real estate professional to navigate this dynamic market successfully.
👉 Whether you’re looking to buy or sell, Susan Marques, your dedicated REALTOR®, is here to guide you through the dynamic Las Vegas real estate market.
Contact her today to discuss your goals and make the most of these favorable market conditions.
