Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

Best Deals Found in Las Vegas Luxury Home Market

Posted by Mastura Zaini-Roberts on Friday, March 7th, 2014 at 6:12pm.

Las Vegas Luxury Homes for SaleWhile the average sales price in Las Vegas rose over 30% in 2013, the median price for homes over $1 million was virtually unchanged last year and remained stable at $1.4 million. Surprisingly enough, though, the volume of closed transactions for Las Vegas luxury homes priced at over $1M almost doubled from 2012. Buyers from pricier markets in California and New York took advantage of the situation, and the number of sales in 2013 spiked to 342.

Most of these luxury home sales were located in the newer upscale guard gated communities. These developments were built during the boom years between 2003 and 2006. Luxury homeowners were reluctant to sell during the subsequent bust of 2007 through 2011, but are now coming to the market after waiting out the past six years to see if prices would improve. They are much more willing to cut their losses and move on, and investors are picking up some terrific bargains that could not be built for the cost.

Check out some of the steals in luxury homes on our web site at:

Las Vegas Luxury Listings

Sellers are requiring “proof of funds” to purchase, so make sure to have your loan pre approval or bank statement ready. Give us a call at 702-985-7654 to schedule an appointment to view any of these lovely homes. 

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"



Related Blog Posts

The Las Vegas Guide for Entertainment and Events and Dining and Deals -- January 19th, 2018

...

15 crazy real estate myths your clients probably believe

People don’t know what they don’t know, and what they do know is enough to create false perceptions Key Takeaways         Erroneous assumptions about the business can cause a ton of confusion for the public about how the real estate process works. The real estat...

Las Vegas Home for Sale - 170 East Eldorado Lane

  This fabulous single story Las Vegas home in the Southern part of Las Vegas Nevada has an open floor plan, Santa Fe style, on nearly ½ acre of land. It is centrally located in Las Vegas and provides easy access to many amenities. This pool and spa home for sale in Las Vegas&...

The New Gold Standard: 10 U.S. Housing Markets That Will Rule 2018 -- Las Vegas is #1

What are the hot markets where you can still afford to buy? Which are ones where home prices are almost certain to appreciate? Which ones have burgeoning economies and lots of job growth? Which are the ones where you actually want to live? To determine our predictions for the best real estate marke...

Heatwaves Are Not Always Bad Things! Las Vegas Sales on The Rise

While you’re sweltering in the heat, keep in mind that whether you’re buying or selling a home in Las Vegas, a swimming pool is more than a way to cool down  – it’s also a big factor in home values.  2016 is set to be a record-breaking year when it comes to weather.  According to...

Leave a Comment

Have a Question?

Contact Us

Follow Us