Discover What’s New in Vegas Real Estate—August's Insider Magazine is Live!
EDITOR & CREATIVE DIRECTOR
LARA NELSON
DIAZLUXEGROUP at DOUGLAS ELLIMAN REAL ESTATE
JOHN “JD” DIAZ
Team Owner + Luxury Real Estate Advisor
Douglas Elliman Real Estate — Las Vegas, NV S.178725
LARA NELSON
Director + Real Estate Advisor
Douglas Elliman Real Estate — Las Vegas, NV
S.192333
ROB RECINOS
Real Estate Advisor
Douglas Elliman Real Estate — Las Vegas, NV
S.200741
DOUGLAS ELLIMAN REAL ESTATE 10777 W Twain Ave Suite 230, Las Vegas, NV
PHOTOGRAPHERS
NOLEN RYAN
WILDDOG DIGITAL
OUR CONTRIBUTORS
LIVV NEO LAS VEGAS
Livv Homes
A SPECIAL MESSAGE 02 MARKET REPORT Greater Las Vegas Las Vegas Henderson North Las Vegas Summary
03 FEATURED COMMUNITIES LIVV NEO Las Vegas MONTHLY MARKET REPORT 04 FEATURED LISTINGS
3930 W Ford Ave 3211 Avernus Ave
05 EVENTS Events Calendar
06 CONTACT US one two three four five
Real Estate is a relationship career, not a sales job.
John “JD” Diaz, Team Owner of the Diaz Luxe Group
Credit: Nolen Ryan www nolenryan com
DEAR VALUED CLIENTS,
Summer is officially over—sort of. School is back in session here in Las Vegas, and the sun is still shining brightly. What a summer it was for the Diaz Luxe Group! Why does summer always seem like a blur, right?! This summer, we had the opportunity to support 15 families with relocations, downsizing, upgrading, and even investing. We did it all. That’s one of the many reasons we love what we do: we get to be there for these monumental experiences in our clients’ lives. We are forever grateful for these opportunities to support families in their real estate endeavors.
Typically, in Las Vegas, even though it’s warm, people are out and about home shopping pretty regularly during the summer months, and this summer was no different. Even with higher interest rates, buyers and sellers alike were still making moves. Because of the higher rates, buyers were a bit more specific and less open to sacrificing their wants and needs. So having a quality team behind you, like DLG, was extremely important in this market. One segment that performed particularly well this summer was new construction.
New construction was, and still is, offering great incentives to purchase homes. Builders have capitalized on the higher rates by offering rate buy-downs, closing cost credits, and more. They were responsible for about 40% of all sales throughout most of the summer, which is massive. I always say, it’s a nice perk in Vegas for buyers to have the option to choose between resale homes or new construction. In some markets, new homes aren’t even an option. Having these options allows our prices to stay competitive across the board. But what’s on the horizon for the Vegas real estate landscape?
According to a recent study, over 40% of new relocations are coming from California, and home prices—even with the higher rates—have stayed relatively steady. As long as we have that many buyers from California, we can expect the same trend to continue, especially when rates start to drop. However, we did notice longer days on the market, which was expected, but that’s about it. With talks of rates dropping in the near future, we are anticipating a slight uptick in homes on the market and more buyers ready to act. So stay tuned to see what happens with the rates and the upcoming election.
We are ready for the fall—cooler weather and potentially dropping rates should make it an exciting time.
If you need anything from us, we’re always here for you!
John “JD” Diaz Team Owner + REALTOR®
Credit: Nolen Ryan
M AR K E T R E P O R T
GREATER LAS VEGAS
Las Vegas, Henderson, North Las Vegas combined.
SINGLE FAMILY HOMES
CONDOS + TOWNHOMES
$1M+ LUXURY SEGMENT
HIGHRISE
$1,462,000
LAS VEGAS VALLEY
SINGLE FAMILY HOMES
CONDOS + TOWNHOMES
$1M+ LUXURY SEGMENT
Single
$1,395,000
HIGHRISE
HENDERSON
SINGLE FAMILY HOMES
CONDOS + TOWNHOMES
$1M+ LUXURY SEGMENT
HIGHRISE
NORTH LAS VEGAS
SINGLE FAMILY HOMES
CONDOS + TOWNHOMES
The Las Vegas real estate market experienced notable growth from July 2023 to July 2024, particularly in the highrise and $1M+ property segments.
In Las Vegas proper, median prices for single-family residences rose by 7.78%, with a significant 22.99% increase in the number of $1M+ properties sold. The highrise market saw an impressive 39.06% jump in median prices, coupled with an 18% increase in sales, though average days on the market for these properties decreased by 22.67%, indicating quicker sales.
Henderson’s market presented a mixed picture, with slight increases in median prices for single-family homes and townhouses but a 9.58% decrease in the number of single-family homes sold. The $1M+ properties in Henderson experienced a slight decline in median prices but a substantial 50% increase in sales volume.
North Las Vegas showed steady growth, with a 7.96% rise in median prices for single-family homes and a 10% increase in townhouse sales, reflecting a healthy market overall.
The Greater Las Vegas area mirrored these trends, with a 7.13% increase in single-family home prices and a strong performance in the highrise sector, where median prices soared by 31.71% and sales increased by 25%.
Overall, the region’s real estate market showed resilience and strong demand, particularly in the luxury and highrise categories, despite some areas experiencing slower sales reflected by longer average days on the market.
F E AT U R E D C O M M UN I T I E S
L I V V H O M E S
Location: Las Vegas, NV
Priced from $1,468,000
Personalized Living, Powered by AI
LIVV Homes is revolutionizing luxury living with a groundbreaking intelligent automation system that seamlessly integrates artificial intelligence and machine learning. Unlike standard smart home technologies, LIVV’s system learns from your daily habits and preferences, dynamically adjusting settings to create an optimal living environment. This unique technology is fully integrated and unobtrusive, ensuring that your home effortlessly anticipates and adapts to your needs, offering unparalleled comfort and convenience.
In addition to technological innovation, LIVV Homes guarantees on-time, on-budget, and on-spec delivery, addressing common concerns of off-plan buyers. Built with durable materials, sustainable practices, and open-architecture technology, LIVV homes are designed to last and appreciate in value, making them a smart investment. With a commitment to exceptional aftersales service and future-proof design, LIVV Homes ensures your home remains at the forefront of modern living. Discover more about LIVV Homes’ vision of the future of luxury living.
NEO is but a short drive from dozens of sprawling parks, eight championship golf courses, and the Las Vegas Strip with its worldrenowned fine dining, spectacular entertainment, and world class shopping Lake Mead and its countless boating facilities are just a short 20m drive away while the ski and snowboarding slopes of Mount Charleston can be reached in under an hour.
LIVV NEO has been designed from the ground up to be a sustainable net-zero community, with a minimalist environmental footprint and producing more energy than it consumes A verdant and serene oasis of peace and quiet where technology empowers the human dimension and ensures supreme comfort
2,958 to 6,625 SF
7 models
3 interior design options
FREE Tesla
Underneath Henderson
Pool and landscape
First every Net Zero Community, powered entirely by Tesla batteries
Guard gated community
Community wide security
Enhanced living
Healthy living
Predictive maintenance
Artificial intelligence home control
Energy optimized devices
Smart health monitor
Pet detection smart sensors
Tesla smart battery banks
Movie & music smart panel
Pollen allergy detectors
F E AT U R E D L I ST I N G S
Credit: Wild Dog Digital
3930 W Ford Ave
Las Vegas, NV 89139
Welcome to this stunning contemporary one-story home, offering 4 bedrooms and 3 baths, perfectly situated on a spacious 19,602 sq ft corner lot Spanning 2,231 sq ft , this beautifully maintained residence features granite countertops and modern hardware and fixtures in the entertaining Kitchen With vaulted ceilings, this airy and spacious floor-plan has a ton of natural light through-out Designer light fixtures in separate dinning room and living room Secluded primary bedroom with additional bedrooms on other wing The home boasts a common well and septic tank, with no HOA restrictions Enjoy low-maintenance custom desert landscaping both front and back, ideal for the Nevada climate Conveniently located just minutes from the Strip, major highways, shopping centers, hospitals, and entertainment Plus, it's only 2 6 miles from the future Brightline West high-speed rail station, providing quick access to Southern California Don't miss out on this unique opportunity!
WEST FORD
F A C T S H E E T
4 bed
3 bath
2,231 SF
19,602 SF lot
Built in 1993
Listing Agent: John “JD” Diaz
Douglas Elliman Real Estate S 178725
W A L K S C O R E
3930 West Ford Avenue has a Walk Score of 15 out of 100
This location is a Car-Dependent neighborhood so almost all errands require a car
This location is in Enterprise
Z O N E D S C H O O L S
Elementary K-5 Ortwein Elementary
Jr High Tarkanian Middle School
High School
Desert Oasis High School
Credit: Wild Dog Digital
Discover this beautifully upgraded 4-bedroom plus den home, located in the highly sought-after community of Inspirada in Henderson Enjoy convenient access to community parks and playgrounds just 0 5 miles away The expansive courtyard is sure to captivate you Inside, the open floor plan features upgraded flooring and baseboards, custom shutters, and modern lighting fixtures and fans throughout The formal dining room and spacious family room offer a warm welcome to the house This home is exceptionally clean and a must-see! The kitchen is designed for culinary enthusiasts, with 42 raised panel cabinetry featuring glass inserts and high-end quartz countertops with a glass backsplash, perfect for entertaining All bedrooms are located upstairs, with the den downstairs, accompanied by an oversized loft area ideal for a relaxation space The private rear yard is perfect for hosting gatherings, featuring custom pavers and turf
AVERNUS
F A C T S H E E T
4 bed
3 25 bath
3,057 SF
5,663 SF lot
Built in 2020
Listing Agent: John “JD” Diaz
Douglas Elliman Real Estate S 178725
W A L K S C O R E
3211 Avernus Avenue has a Walk Score of 1 out of 100
This location is a Car-Dependent neighborhood so almost all errands require a car
This location is in Henderson The closest park is Esselmont Park
Z O N E D S C H O O L S
Elementary K-5 Wallin Ellementary
Middle School Del Webb Middle School
High School Liberty High School
VE N T S
SEPTEMBER
Labor Day Food & Artisan Festival 9/1-9/2 The Retreat On Charleston Peak
First Friday + Third Annual Beer Festival 9/6
Downtown Las Vegas
Fall Craft Spectacular 9/6-9/8
The Expo at World Market Center
Hot Wheels Monster Trucks Live™ Glow Party™ 9/7-9/8
Rumbazo Latin Music Festival 9/13
Downtown Las Vegas
P!nk Summer Carnival 9/13
Allegiant Stadium
UFC 306 Riyadh Season Noche UFC O’malley vs Dvalishvili 9/14 Sphere
