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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

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!

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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.

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!

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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!

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PEOPLE WANT LESS EXPENSIVE HOMES – AND BUILDERS ARE RESPONDING

Susan Marques,

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]. 

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

Susan Marques,

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.

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

Susan Marques

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.

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Shoreline By Blue Heron Nexus Home Tour at Lake Las Vegas Real Estate Elevar Show Home

Susan Marques |

PRIVATE: SHORELINE BY BLUE HERON NEXUS HOME TOUR AT LAKE LAS VEGAS REAL ESTATE ELEVAR SHOW HOME

Shoreline welcomes you with three distinct floor plans. Each two-story floor plan at Shoreline offers the option for a third story and an elevator for convenient access between floors. The modern interiors are filled with natural light, complemented by expansive glass doors that create a seamless indoor-outdoor lakeside living experience. Enjoy the breathtaking mountain and lake views while entertaining guests. With a nearby walking path to The Village, entertainment, dining, and shopping are easily accessible.

Read more: Shoreline By Blue Heron Nexus Home Tour at Lake Las Vegas Real Estate Elevar Show Home

Why Shoreline

Shoreline, a BH Nexus community in Lake Las Vegas offers the epitome of lakeside living. This boutique gated community offers 83 semi-custom homesites featuring three curate Nexus floor plans by Blue Heron. Ranging from 2,750 to 3,659 square feet, these two-story floor plans come with the option of a third-story sky deck.

The Lifestyle

Living in Shoreline means immersing yourself in a lifestyle centered around the serene lake. Paddle boarding, paddle boats, swimming, and kayaking are just a few of the activities residents at Shoreline enjoy. The community is thoughtfully designed to connect residents with nature through scenic walking and biking trails. The sunning Reflection Bay Golf course and elevated vantage points are to be admired. The breathtaking scenery is unlike anything else you’ll find in the Las Vegas Valley. If you’re in the mood for village charm, Lake Las Vegas’ vibrant village is just a stone’s throw away, offering delightful shops, gourmet restaurants, and lively entertainment options. Plans are also underway for a dedicated walking trail exclusively for Shoreline residents to access the nearby urban area.

Curated Floor Plans

Blue Heron offers 3 curated floor plans, such as Abrir, meaning ‘to open”. The design of this home facilitates effortless flow between the dining area, kitchen, great room, and exterior. Meanwhile, the Elevar design stands out with its soaring ceilings, panoramic sky deck with breathtaking views, and a centrally located rear-oriented kitchen with an oversized island for easy entertaining.

Veran provides an impeccable indoor-outdoor living experience with a private courtyard that seamlessly extends from the spacious great room and kitchen areas. Its open-air veranda design offers a panoramic sky deck and airy suites, creating the ideal environment for both vibrant gatherings and peaceful seclusion.

Experience elevated living with the Elevar floor plan which features a double-height ceiling, panoramic sky deck, and a spacious great room that stretches as far as the eye can see. The rear-oriented kitchen seamlessly connects with the great room, mirroring the natural flow of the nearby lake and the sense of community just outside your doorstep.

Susan Marques Virtue Real Estate Group
License #BS.0146408

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Blue Heron Show Home Tour (New Construction Las Vegas Real Estate – Half Acre Home Sites, Sky Decks, Casita & Next Generational Suites

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.

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Dream Home Tour by Blue Heron – 797 Dragons Dr. Henderson, NV (Las Vegas Valley Views!)

Prepare to be captivated by this exquisite home by Blue Heron. A true architectural masterpiece that beckons admiration at every turn. 

With four distinctive and sophisticated features, this stunning residence is a must-see for any homeowner with a discerning eye for design. What makes this home stand out are its four standout features – bespoke craftsmanship, state-of-the-art technology, effortless energy efficiency, and timeless elegance. 

Prepare to be enchanted by its unparalleled combination of artistic vision, expert craftsmanship, and luxurious amenities that will elevate your lifestyle to new heights. 

Things you’ll love about this Architectural Masterpiece 

Unrivaled Vistas:

Experience breathtaking, panoramic skyline views from the comfort of your own private oasis. Immerse yourself in the organic beauty of your surroundings and forge a genuine connection with nature. A Home designed to enhance the natural beauty of the surroundings while generating organic connections with its environment by offering a fluid floorplan that connects the indoor and outdoor spaces seamlessly. 

The great room pocket doors open up the expansive pool and spa with horizon skyline views of the surrounding mountains and city. 

Entertainment Oasis: 

The sprawling living spaces seamlessly integrate indoor and outdoor living, making it an ideal choice for hosting luxurious gatherings or savoring quiet moments of solitude. As for the Master Retreat, it provides a lavish experience, boasting a sanctuary of comfort with a spa-like ensuite and a private terrace.

Luxurious Primary Retreat: 

Experience the ultimate retreat in the opulent primary suite, featuring a serene spa-inspired ensuite, private terrace and expansive custom closet. 

“Obsidian’s coveted Strip view homesites are complemented with floor plans designed specifically for this community. The Apex floor plan provides an energetic yet tranquil environment that creates a natural flow around your daily lifestyle,” Blue Heron.

Ideal Location:

Discover the perfect blend of calm and excitement at our exceptional location, providing easy access to the vibrant heart of Las Vegas. Immerse yourself in world-class dining, entertainment, and nightlife while enjoying moments of tranquility.

Situated amidst the magnificent McCullough Mountains, this extraordinary residence offers breathtaking vistas of the Las Vegas Valley. Escape into ultimate privacy, welcomed by double gates, and immerse yourself in a seamless blend of life and style within our exquisite home interiors. Outside, be captivated by the awe-inspiring panoramas of the dazzling Las Vegas Strip with easy access to The District at Green Valley Ranch, an unparalleled hub for shopping and dining. 

“Obsidian residents can enjoy a short drive to The District at Green Valley Ranch, a premier destination for shopping and dining. The nearby tranquil Dragon Ridge Country Club offers year-round golf. And, of course, all the skiing, watersports, fishing, hiking, and mountain biking in Nevada, California, and Utah are never out of reach,” Blue Heron. 

Dream Garage: 

Experience the ultimate dream garage for passionate car enthusiasts. Display your beloved sports car collection in a stunning 7-car gallery-like space, surrounded by two separate garages equipped with custom temperature controls.

Don’t miss your chance to own a move-in ready Blue Heron home! Contact me for inquires at [email protected]

Listing Presented By: Joshua Burns | BS.0145082 | Brokerage A RE Firm

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BH Lifestyles Interior Design Studio Tour (Blue Heron Living Las Vegas, NV)

Unleash the beauty within with BH Lifestyles interior design division at Blue Heron.

Each Home possesses a unique soul that resides within us all—a spirit that shapes our existence and ignites our passions. BH Lifestyles is devoted to enhancing the inherent beauty each home with active listening, discerning essence, and crafted plans that breathe life into inspirational design.

BH Lifestyles is more than just interior design; it’s a tailor-made creative journey that illuminates the very essence of Home. The furniture is handpicked, the art is authentic, and the services align with each clients’ aspirations, helping to radiate the extraordinary and joyous possibilities that each Home has to offer.

With BH Lifestyles, your life at Home becomes more bespoke and carefully curated, creating environments that match the unparalleled quality of Blue Heron.

“Through our optional turnkey services, we can select your linens, dishes, artwork, bath accessories, and yes, even your toothbrushes. The BH Lifestyles Team is here for you,” Blue Heron.

Read more: BH Lifestyles Interior Design Studio Tour (Blue Heron Living Las Vegas, NV)

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