Insight Q3 - 2020

insight LAS VEGAS | Q3 2020

table of contents 6

globally connected

8

by the numbers

14

news + notes

16 communities 25

golf course living

28

verticals

37

listings of distinction

about us

At Synergy Sotheby’s International Realty we take great pride in presenting you with current trends

PUBLISHER

Gene Northup

and developments affecting luxury communities of Las Vegas and the surrounding areas. This report represents a consolidation of local real estate knowledge and an in-depth analysis of market data to bring you the most useful insights as they emerge

MANAGING BROKER

Thomas Marsaw BROKER MANAGER

Brittany Northup

in the region.

MANAGER

In addition to offering general statistics related to the overall market, the report contains valuable information developments

concerning and

Las

Vegas’

neighborhoods.

hottest

Particularly

noteworthy is the large-scale growth in the city with

Kyle Northup DESIGNER

Lindsay Rohlfsen PHOTOGRAPHY

JPM Studios

expansions and new developments, bringing with it many opportunities for clients to capitalize on future investments.

COPYWRITER

Melissa Whitaker

One of the many tools available to agents and brokers of Synergy Sotheby’s International Realty, we sincerely hope that this report will assist our clients in understanding Las Vegas’ expansive luxury real estate market. As an international luxury

FEATURE YOUR HOME IN THE NEXT ISSUE All listings and data are presented by Synergy Sotheby’s International Realty.

To be featured by the only truly international real estate brand in Southern Nevada contact Kyle Northup | 702.360.1414 | kyle@synergysir.com.

brand, represented in 72 countries, with over 22,500 associates across 990 offices, we have the capacity to offer our clients a level of talent and marketing

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Whether you are interested in learning more about current market conditions, or are considering

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introduction The Las Vegas market has changed dramatically over the last year. From the slow down we experienced during the height of the lockdown to the feverish sales pace of fall. We continue our effort to provide timely and accurate information for your consideration.

5

vegas born. globally connected.

1,000

23,000

1/3

Offices Worldwide

Associates Worldwide

Offices outside the United States

34.5M Monthly Visits in 2019

114B

$

Total worldwide Sale 2019

63% International Visitors

a global connection When a home is represented by the Sotheby’s International Realty brand, it is presented to a highly–qualified global clientele through exclusive channels and relationships. Our proprietary network of residential brokerage companies is located in 72 countries worldwide, making Sotheby’s International Realty a truly global real estate brand.

insight – 6 – q3 2020

significant sales

significant sales. top 10 sales q3 2020

7

$11.2M

770 DRAGON RIDGE

$10.1M

5 PROMONTORY POINT

$6.5M

23 SUMMER HOUSE

$6.5M

8 VISTA CRESCENT

$6.3M

46 OLYMPIA HILLS

$5.3M

605 ST CROIX

$5M

5 BOULDERBACK

$4.9M

53 PAINTED FEATHER

$4.7M

647 CITYVIEW RIDGE

$4.7M

505 DRAGON GATE

by the numbers.

Single family homes |

*

**

Luxury is $750,000 and up

LUXURY SINGLE FAMILY HOMES**

ALL SINGLE FAMILY HOMES*

Distribution of Sales by Location

Distribution of Sales by Location

%

Descriptor

%

Descriptor

0%

EAST 1

7%

EAST 756

27%

HENDERSON

122

19%

HENDERSON

1,927

3%

NORTH

13

20%

NORTH

2,055

31%

NORTHWEST

138

21%

NORTHWEST

2,176

4%

SOUTH

18

9%

SOUTH

906

35%

SOUTHWEST

156

24%

SOUTHWEST

2,456

#

Distribution of Sales by Price

#

Distribution of Sales by Price

%

Descriptor

#

%

Descriptor

#

2%

$750K - $1M

234

0%

< $100K

8

1%

$1M - $1.5M

122

14%

$100K - $250K

1,462

0%

$1.5M - $2M

40

71%

$250K - $500K

7,325

1%

$2M - $5M

57

10%

$500K - $750K

1,050

0%

> $5M

6

2%

$750K - $1M

234

1%

$1M - $1.5M

122

0%

$1.5M - $2M

40

1%

$2M - $5M

57

0%

> $5M

6

insight – 8 – q3 2020

8920 PLAYERS CLUB DR | $11,375,000 | TOURNAMENT HILLS 11 Beds | 16 Baths | 23,360 Sq Ft | .89 Acre

NUMBER OF PROPERTIES SOLD ABOVE, EQUAL TO OR BELOW LIST PRICE*

DAYS ON MARKET BY PRICE RANGE*

<$100K

>$5M

$100K - $250K

$1.5M - $2M

$250K - $500K

$2M - $5M

$500K - $750K

$1M - $1.5M

$750K - $1M

$750K - $1M

$1.5M - $2M

$500K - $750K

$1M - $1.5M

$250K - $500K

$2M - $5M

$100K - $250K

>$5M

<$100K

0%

20%

40% less

Equal

60%

80%

100%

0%

Greater

10%

0 - 30

9

20% 30 - 60

30% 60 - 90

40%

50%

90 - 120

60%

70%

120 - 150

80% 150 - 180

90%

100%

by the numbers.

days on market report DAYS ON MARKET | SINGLE FAMILY HOMES Month

<30

30-60

60-90

90-120

120-150

150-180

180+

Grand Total

<30 (%)

January

1,151

570

347

171

123

55

83

2,500

46%

February

1,361

503

325

234

129

78

105

2,735

50%

March

1,768

415

281

217

140

77

114

3,012

59%

April

1,513

272

125

78

72

36

70

2,166

70%

May

1,231

366

99

57

37

28

50

1,868

66%

June

1,574

538

310

98

52

22

68

2,662

59%

July

2,158

630

379

235

93

51

82

3,628

59%

August

1,919

487

259

186

115

51

104

3,121

61%

September

2,453

491

229

128

108

62

84

3,555

69%

Grand Total Row Labels

15,128 0 - 30

<$100K

4,272

2,354

1,404

869

460

30 - 60

60 - 90

90 - 120

120 - 150

150 - 180

7

1

$100K - $250K

896

227

141

96

40

24

$250K - $500K

4,854

1,121

562

354

187

$500K - $750K

581

178

108

69

$750K - $1M

111

37

30

$1.5M - $2M

11

12

$1M - $1.5M

50

$2M - $5M

19

>$5M Grand Total

180+

25,247 Grand Total

60% % under 30

8

88%

38

1,462

61%

95

152

7,325

66%

63

25

26

1,050

55%

16

10

9

21

234

47%

4

2

4

3

4

40

28%

20

19

5

6

6

16

122

41%

12

3

6

6

2

9

57

33%

4

6

17%

1 6,530

760

1 1,608

867

549

316

164

270

10,304

63%

VINTNER GRILL Vintner Grill is a lively American bistro nestled in Summerlin, Las Vegas’ premier community. From working lunches to formal dinners, casual date night to family celebrations, Vintner Grill’s pleasant and inviting ambiance makes it perfect for a variety of occasions. The menu features American dishes infused with flavors from Spain, France and Italy. The bistro’s compelling architecture combined with the simplicity of its modern décor gives the dining experience a sense of casual elegance. Vintner Grill also offers a beautifully appointed patio featuring two, illuminated cabanas where guests can enjoy their meal in a unique outdoor setting. In short, Vintner Grill is worth taking a brief trip “off the Strip” if you are looking for a neighborhood gem where the locals go.

702.214.5590 • 10100 W CHARLESTON BLVD 150 • LAS VEGAS, NV 89135 11

LIVE 552 S Stephanie St | Inside DragonRidge Country Club | 702.614.9100 macdonaldhighlands.com | synergysir.com

AT A HIGHER LEVEL We are proud to be the exclusive listing brokerage for MacDonald Highlands.

An extraordinary master plan community 2,700 feet above the valley floor. Spectacular strip views and modern architecture are brought together with a five star country club offering the golf, swim, tennis and dining lifestyle you deserve.

Luxury Homes | New Modern Customs | Luxury Townhomes Strip View Lots | Design & Build Your Dream Home

news + notes.

Suzanne Belperron and Aimée de Heeren: A Friendship, a Necklace, a Rediscovery

BY SOTHEBY'S | APR 7, 2020 Never before seen on the international jewelry market, nor offered for sale at auction, a necklace by Suzanne Belperron (1900-1983) will be offered in Sotheby’s Joaillerie Paris sale on 10 June, as international dealers and collectors are all on high alert wondering who will win the bidding war for this piece, emblematic of Belperron's oevre.

“It is an exceptional piece from a private European collection, which I had never seen other than in a photograph carefully kept in the personal archives by the designer herself”, explains Olivier Baroin, expert for Suzanne Belperron and keeper of the designer’s own archives. “This necklace is, without a doubt, not a unique piece; it is one of those that was created at the end of the 1930s and then reproduced by the designer over decades”.

How many of these necklaces might exist? Difficult to be certain according to Baroin: ”Other pieces will probably resurface onto the market once this one has been revealed to both the press and the public. I cannot imagine that a piece of jewelry such as this would have been taken apart when handed down to any heirs: the aesthetic of this necklace, itself a true work of art, supersedes in this instance its intrinsic value.”

Influenced by the growing interest in African art, which was enthusiastically collected by French artists at the start of the 20th century, Suzanne Belperron designed this signature necklace at the end of the 1930s. The below drawing depicts a more slender variation of the necklace to be sold this Spring... read entire story at sothebys.com

insight – 14 – q3 2020

A Tale of Two Whiskeys: Charting the History of Bowmore and Buffalo Trace Distilleries Wine & Spirits Apr 7, 2020 In the late 18th century, two particular distilleries on opposing sides of the Atlantic were built.

The first, established in 1779, is Bowmore, a coastal distillery from the Scottish Island of Islay, famous for its saline, smoky spirit, that looks across the choppy waters of the Sound to the Mull of Kintyre.

The second, is Buffalo Trace, an American whiskey producer from the landlocked state of Kentucky, which has been renowned for its rich, sweet Bourbon since 1792.

Sitting pride of place in the center of Islay's biggest town, Bowmore is the oldest distillery on the island. The town of Bowmore was founded by Daniel Campbell, also known as Great Daniel, in 1768.

Great Daniel had been a politician in Glasgow in the years following the Act of Union in 1707, sitting for both the Scottish and British parliament. Daniel fell foul of his constituents when he voted in favor of the malt tax in 1713, an imposition which led to the Malt riots, otherwise known as the Shawfield riots, in 1725... read entire story at sothebys.com

15

communities

Only

For Those With a Vision Your home is more than a building or an address. Itâ&#x20AC;&#x2122;s where you experience life, family, connection, growth.

Your home should be as exceptional as you are, and as you are going to be. For a lifestyle inspired by your potential, there is only Sothebyâ&#x20AC;&#x2122;s International Realty.

the ridges This private reserve of luxury homes, situated on 800 acres in the masterplanned community of Summerlin, is recognized as one of the most exclusive neighborhoods in the country. The Ridges presents stunning views of the Las Vegas Strip to the east, while on its western border lies the surreal beauty of the Mojave Desert’s Red Rock Conservation Area.

las vegas, summerlin & henderson

|

702.360.1414

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 17 $6,350,750 $2,936,749 $1,299,888 $442 87

2020 Q3 Change 23 35% $10,150,000 60% $2,736,196 -7% $1,185,000 -9% $467 6% 83 -5%

red rock country club Set in the master-planned community of Summerlin on the very western edge of Las Vegas, Red Rock Country Club is one of the most exclusive addresses in the valley. Possessing not one but two signature Arnold Palmer golf courses, the private Mountain Course and the public Arroyo Course. The nearby Red Rock State Park provides inspiring natural beauty.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 26 $3,335,000 $1,156,930 $665,000 $298 44

2020 Q3 Change 26 0% $4,450,000 33% $1,218,788 5% $627,500 -6% $306 3% 77 75%

tournament hills Tournament Hills remains one of the most sought after addresses in the master-planned community of Summerlin on the western side of the Las Vegas valley. Tournament Hills is built on and around the Tournament Players Club Summerlin, the course famed as the site for Tiger Woods first professional victory. The residences of Tournament Hills are renowned for their luxury and opulence. Exclusively custom by design, Tournament Hills features homes ranging from the classic to the contemporary.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

insight – 18 – q3 2020

2019 Q3 1 $1,900,000 $1,900,000 $1,900,000 $386 77

2020 Q3 Change 3 200% $3,050,000 61% $2,316,667 22% $1,625,000 -14% $326 -15% 26 -66%

eagle hills Tree-lined sidewalks and manicured lawns are only some of the pleasant wonders of life inside the guard-gated community of Eagle Hills. Situated in The Trails within the master-planned community of Summerlin on the western edge of Las Vegas. Homes in Eagle Hills let you forget the surrounding desert landscape as few other communities can.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 3 $1,343,063 $1,189,354 $1,000,000 $279 14

2020 Q3 Change 1 -67% $1,600,000 19% $1,600,000 35% $1,600,000 60% $262 -6% 44 214%

canyon fairways Appropriately situated for luxury and appropriately named for its convenience as it backs up to Tournament Players Club Las Vegas, a public course Golf Digest described as, â&#x20AC;&#x153;one of the best.â&#x20AC;? Pass through the 24-hour guard gated entrance and discover lavish homes set against amazing views of the Las Vegas Valley.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 1 $1,195,000 $1,195,000 $1,195,000 $261 1

2020 Q3 Change 1 0% $1,200,000 0% $1,200,000 0% $1,200,000 0% $254 -3% 48 4700%

bellacere Set behind a guard-gated entrance, Bellacere is a truly intimate community filled with a wealth of green spaces, which only fifty-four families can enjoy. Designed in a way so that most of the residences of Bellacere are situated far from the exterior boundaries, gives Bellacere a quiet, small town feel while outside the walls, a host of amenities and conveniences await in the master-planned community of Summerlin.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 2 $1,925,000 $1,575,000 $1,225,000 $305 99

2020 Q3 Change 1 -50% $3,200,000 66% $3,200,000 103% $3,200,000 161% $395 29% 123 24%

19

mountain trails A community within a community, Mountain Trails resides in The Trails section of the master-planned community of Summerlin, long recognized as the pinnacle of Las Vegas living. Life at Mountain Trails begins by passing through the guard-gated entrance and takes residence on a path of unmatched possibilities.

las vegas, summerlin & henderson

|

702.360.1414

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 1 $1,100,000 $1,100,000 $1,100,000 $219 109

2020 Q3 Change 5 400% $2,500,000 127% $1,917,540 74% $1,183,700 8% $280 28% 156 43%

palisades As its name implies, Palisades is a distinctive barrier to the common world. Drive through the guard-gated entrance and you’ll leave the world behind. Situated along the Tournament Players Club (TPC) Las Vegas Golf Course, Palisades provides an elevated sense of living and the views of the Las Vegas valley and the Canyon Fairways accentuate that feeling.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 3 $2,777,000 $1,692,333 $800,000 $287 130

2020 Q3 Change 2 -33% $1,900,000 -32% $1,650,000 -3% $1,400,000 75% $353 23% 57 -57%

vineyards The residences at Vineyards are for those seeking to elevate their lifestyle.

Set amongst gently rising hills in the master-planned community of Summerlin in Las Vegas, The Vineyards represents the best semi-custom living has to offer. The community is highlighted by terraced walkways winding through green spaces and leading to three separate private squares with relaxing water features.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

insight – 20 – q3 2020

2019 Q3 3 $1,475,000 $1,148,333 $980,000 $278 82

2020 Q3 Change 3 0% $850,000 -42% $818,333 -29% $780,000 -20% $214 -23% 171 109%

willow creek When you enter the guard gated community of Willow Creek, there are 3 subdivisions within the gate. They are: Eden Ridge by Pulte homes which is a single story only neighborhood offering a semi custom product; Heritage Glen and Wood Glen both built by Toll Brothers offering larger tract homes; and finally a separate gated custom community within the Willow Creek guard gate known as Willow Falls. Willow Falls is completely custom and offers 80 home sites that are for the most part 1/3 acre. There is access to tennis courts, a basketball court, a play area, park, a beautiful paseo area and all Summerlin facilities.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 2 $1,325,000 $1,045,000 $765,000 $254 62

2020 Q3 Change 3 50% $1,550,000 17% $1,261,667 21% $955,000 25% $269 6% 87 41%

country club hills Set along the Tournament Players Club (TPC) Summerlin Golf Course in the master-planned community of Summerlin, Country Club Hills is a collection of 170 semi-custom homes by one of Las Vegasâ&#x20AC;&#x2122; most sought after, high-end builder, Christopher Homes.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 4 $1,365,000 $875,750 $670,000 $232 83

2020 Q3 Change 5 25% $1,415,000 4% $1,081,500 23% $812,500 21% $265 14% 141 69%

queensridge Queensridge is an upscale development located on the west side of Las Vegas just east of Summerlin. It is comprised of about 800 acres of luxury living. As a part of the Peccole Ranch development it presents a European Countryside theme.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 15 $1,300,000 $701,920 $385,000 $216 59

2020 Q3 Change 14 -7% $3,350,000 158% $817,900 17% $365,000 -5% $193 -11% 63 7%

21

canyon gate country club Not far from Las Vegas, Canyon Gate Country Club offers terrific views and challenging play for golfers at every skill level. Well-groomed fairways and greens keep Canyon Gate Country Club difficult yet friendly, and the staff can offer tips and tricks for playing your best round. Canyon Gate Country Club is a terrific choice for your regular rounds of golf or a new destination for you and friends when visiting Las Vegas.

las vegas, summerlin & henderson

|

702.360.1414

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 5 $2,285,000 $1,183,460 $615,000 $203 76

2020 Q3 Change 10 100% $1,350,000 -41% $840,690 -29% $495,000 -20% $229 13% 119 57%

southern highlands* Living in Southern Highlands means one of the nation’s top private golf courses is just steps from your house. Co-designed by the late legendary golf architect Robert Trent Jones Sr. and his son Robert Trent Jones Jr., the Southern Highlands Golf Course takes advantage of the surrounding mountain terrain to set up exciting shots on finely manicured fairways with picturesque water features. The warm, dry climate also makes it possible and enjoyable to spend weekends on the green any time of the year.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 5 $2,741,000 $1,769,200 $1,000,000 $329 82

2020 Q3 Change 18 260% $6,350,000 132% $1,982,133 12% $665,000 -34% $321 -2% 133 62%

*country club only

spanish trail Since opening in 1984 Spanish Trail offers one of the Southwest's finest Country Clubs and we have focused on what every golfer is striving for - balance, tempo, consistency and relaxation. Featuring a 27-hole championship course has been the home to 5 PGA Tour Las Vegas Invitationals and offers the perfect combination of Country Club tradition and Resort living.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

insight – 22 – q3 2020

2019 Q3 16 $1,400,000 $708,676 $415,000 $198 85

2020 Q3 Change 19 19% $1,200,000 -14% $701,895 -1% $450,000 8% $204 3% 50 -41%

spanish hills The community of Spanish Hills in Las Vegas, is an affluent borough famous for being home to a number of celebrities, business owners, and pro-athletes. Spacious lots and multi-million dollar custom homes offer peace and quiet while providing breathtaking views of Red Rock Canyon National Park and The Strip.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 2020 Q3 Change 7 - -100% $16,000,000 - -100% $3,661,429 - -100% $935,000 - -100% $362 - -100% 107 - -100%

macdonald highlands As the master listing agents for MacDonald Highlands we are honored to have an office within DragonRidge Country Club giving us unique insight into the MacDonald Highlands market. Shaped from the foothills of the McCollough Mountains, McDonald Highlands blends the organic with the epic. Placed on the southern edge of the Las Vegas valley in a suburb of Henderson, MacDonald Highlands is uniquely luxurious and distinctly lavish and home to the Dragonridge Country Club.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 7 $4,550,000 $1,967,143 $920,000 $303 72

2020 Q3 Change 12 71% $11,250,000 147% $3,569,167 81% $750,000 -18% $449 48% 200 179%

anthem country club Nestled in the foothills of Black Mountain, Anthem Country Club is the pinnacle of living in the master-planned community of Anthem.

Meandering along the golf course, Anthem Country Club is a collection of upscale tract and custom homes amongst almost 5,000 acres of beautifully landscaped homes with a three-mile walking loop. # of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 27 $3,500,000 $932,984 $407,000 $271 54

2020 Q3 Change 33 22% $4,200,000 20% $1,332,039 43% $512,000 26% $302 11% 61 12%

23

seven hills

las vegas, summerlin & henderson

|

702.360.1414

As the Roman Empire was built upon its famed rolling hills, so too is the master-planned community Seven Hills, just south of Las Vegas and gloriously nestled against the magnificent McCollough mountain range.

Travel along the rolling hills and one discovers a range of architecture from classic Tuscan to the ultimate in modern design. Elevated to afford wonderous views of the entire Las Vegas valley Seven Hills is home to the Rio Secco golf course designed by Rees Jones, as well as, an abundance of outdoor activities and amenities.

2019 Q3 60 $3,500,000 $684,606 $315,000 $205 57

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2020 Q3 Change 81 35% $2,500,000 -29% $602,099 -12% $275,000 -13% $204 -1% 34 -40%

the fountains Known as one of the most prestigious addresses in the master-planned community of Green Valley in the Las Vegas suburb of Henderson, The Fountains community is an unexpected gem in the desert. Enjoying large, open lawns and tree-canopied streets, The Fountains is reminiscent of an east coast neighborhood.

2019 Q3 3 $1,150,000 $1,011,667 $825,000 $192 176

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2020 Q3 Change 4 33% $2,025,000 76% $1,129,000 12% $815,000 -1% $206 7% 18 -90%

lake las vegas If there is one place to be a world away in the desert, that place could only be Lake Las Vegas. Surrounding a 320-acre shimmering lake, the resort community of Lake Las Vegas flawlessly blends luxury residential living with the finer aspects of commercial enticements and golf only minutes from Las Vegas.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 36 $1,300,000 $549,308 $109,000 $238 69

insight â&#x20AC;&#x201C; 24 â&#x20AC;&#x201C; q3 2020

2020 Q3 Change 67 86% $2,600,000 100% $750,446 37% $110,000 1% $256 8% 81 16%

The leader in premium real estate, we deploy intuitive technology to deliver a truly personalized, clientdriven experience. With professionals in more than 70 countries and territories worldwide, weâ&#x20AC;&#x2122;re local everywhere, allowing us to walk alongside our clients at every stage of their journey. We know they expect us to be the first and the best in exclusive property. We deliver.

LIVE 2030 Lake Las Vegas Pkwy Henderson, NV 89011 synergysir.com | 702.360.1414

WATERFRONT We all have dreams and they are as vast and varied as the world is wide. But they all start with inspiration, and inspiration starts with your surroundings. That’s what home is. A sense of place. An amazing view. It’s all part of what makes a space a home, because your home is where you truly LIVE. Synergy Sotheby’s International Realty is proud to be the master listing agent for Lake Las Vegas. From waterfront lots to custom homes, our team of experts are here to help you find your dream lifestyle.

20

Fashion Show Mall

8

Gold Coast Caesars Palace

Rio

Palms

7

6

3

5

Monte Carlo NewYork NewYork

Venetian

Bellagio Cosmopolitan

Ballyâ&#x20AC;&#x2122;s Paris

City Center T-Mobile Arena

4

Planet Hollywood

Mirage / TI

2

MGM Grand

Excalibur Tropicana Luxor as

eg sV

VD BL

La

Mandalay Bay

1

McCarran International Airport

LIVE HIGHRISE

17 18 13 10

Circus Circus Wynn / Encore

14 Stratosphere

Downtown

16

15

Sahara

11

Hilton

Riviera

12 Las Vegas Country Club

Las Vegas Convention Center Wynn Golf Course

Palazzo Sands Convention Center

9

Harrahs Imperial Palace Flamingo Billâ&#x20AC;&#x2122;s

UNLV

Thomas & Mack Center

LEGEND 1.

ONE Las Vegas

6. Panorama Towers

11. Metropolis

16.

Turnberry Towers

2.

MGM Signature

7.

The Martin

12.

17

Newport Lofts

3.

Mandarin Oriental

8.

Palms Place

13. Sky

18. Soho Lofts

Regency Towers

4. Veer Towers

9. Park Towers

14. Allure

19. The Ogden

5. Vdara

10. Trump

15.

20. One Queensridge

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Turnberry Place

waldorf-astoria As the most prestigious residential address on the Las Vegas Strip, The Residences at the Waldorf Astoria sets the standard for luxury highrise living. It is the residential jewel of City Center. We continue to see a tremendous amount of activity for this premier luxury tower with pricing more than $1,000/sf for the larger units. There are no signs of it slowing down with all the development in the area.

2019 Q3 8 $5,750,000 $2,790,625 $985,000 $1,158 90

2020 Q3 Change 7 -13% $3,500,000 -39% $2,196,429 -21% $950,000 -4% $1,209 4% 58 -36%

park towers These two towers continue to serve as one of the most distinctive and exclusive highrise addresses, home to many of the most influential Las Vegas residents.

This property doesn’t traditionally have much in the way of turnover.

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# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 - - - - - -

2020 Q3 Change - - - - - - -

veer towers The iconic architecture and contemporary design of the Veer towers set these towers apart on the Las Vegas Strip. As a part of CityCenter, they enjoy all the benefits of their location and MGM’s new development, The Park, along with the T-Mobile Arena.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 11 $1,240,000 $535,333 $277,000 $491 84

insight – 30 – q3 2020

2020 Q3 Change 15 36% $1,950,000 57% $726,500 36% $270,000 -3% $648 32% 89 6%

one queensridge place Dedicated to the most discriminating owners, One Queensridge Place serves as one of the very finest luxury residences in Las Vegas.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 2 $8,005,000 $5,437,500 $2,870,000 $571 232

2020 Q3 Change 2 0% $1,400,000 -83% $1,181,500 -78% $963,000 -66% $421 -26% 31 -87%

trump tower This classic and luxuriously appointed condotel is now coming into its own and reached stronger sales than in years prior. International buyers continue to show active interest in this property.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 - - - - - -

2020 Q3 6 $228,000 $190,500 $166,666 $357 24

Change -

vdara With direct access to Aria and the Bellagio resorts, Vdara at CityCenter is poised to be one of the most desired condotels in the Las Vegas Strip corridor. Branded as a non-gaming, non-smoking luxury hotel, it is the first choice for visitors seeking a quiet retreat with direct access to some of the finest restaurants, entertainment, and shopping in all of Las Vegas.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 1 360,000 360,000 360,000 657 44

2020 Q3 - - - - - -

Change -100% -100% -100% -100% -100% -100%

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mgm signature MGM Signature continues to be a dominant property of interest in the condo hotel market. It is likely we will continue to see more interest with the new developments surrounding T-Mobile Arena and the arrival of the Raiders.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 13 $380,000 $287,389 $235,000 $415 85

2020 Q3 Change 13 0% $330,000 -13% $244,799 -15% $185,000 -21% $385 -7% 78 -8%

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palms place Hip and modern is the theme of Palms Place and it continues to garner attention.

It is a hot spot for those who want to own a bit of Las Vegas.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 7 $395,000 $306,757 $226,800 $407 43

2020 Q3 Change 9 29% $1,225,000 210% $335,944 10% $165,000 -27% $354 -13% 93 120%

sky las vegas Sky Las Vegas is a 45-story luxury high-rise condominium tower with 409 units. The north end of the Strip received a bit of good news recently with the Fontainebleau’s sale announcement, helping Sky, Allure and Turnberry Place.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 8 1,850,000 531,071 232,500 318 90

insight – 32 – q3 2020

2020 Q3 5 425,000 357,980 275,000 281 75

Change -38% -77% -33% 18% -12% -17%

turnberry place The four towers of this prestigious enclave continue to be one of the premier residences of the Las Vegas Strip.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 14 $1,350,000 $647,996 $355,000 $285 39

2020 Q3 Change 5 -64% $3,050,000 126% $1,344,400 107% $375,000 6% $377 32% 98 152%

turnberry towers The sister project to Turnberry Place overlooks the Las Vegas Country Club golf course as well as offering some amazing Strip views.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 12 $680,000 $448,500 $245,000 $354 72

2020 Q3 Change 10 -17% $715,888 5% $570,349 27% $420,000 71% $366 3% 133 84%

allure This highrise tower benefits from being adjacent to the Sahara on the Las Vegas Strip and MGM Resortsâ&#x20AC;&#x2122; outdoor festival space. One of the most affordable highrise opportunities on the Strip.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 8 $449,500 $288,813 $225,000 $230 82

2020 Q3 Change 6 -25% $248,500 -45% $219,333 -24% $195,000 -13% $260 13% 51 -38%

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panorama towers The twin towers overlooking the world-class architecture of CityCenter is seeing more attention with the advent of the professional hockey team expansion in the T-Mobile arena and its surrounding restaurant/retail complex, The Park. All these new venues are within walking distance.

# of Transactions Sales Price (Max) Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 11 $987,500 $526,182 $254,000 $322 99

2020 Q3 Change 5 -55% $1,030,000 4% $495,378 -6% $334,000 31% $352 9% 86 -14%

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the martin The sister project of Panorama Towers has stayed steady in its sales relative to last year while bolstering its average sales price.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 6 $735,000 $475,873 $387,800 $384 168

2020 Q3 Change 6 0% $925,000 26% $511,333 7% $385,000 -1% $397 3% 31 -81%

metropolis Overlooking the prestigious Wynn golf course, these Art Deco inspired lofts have not had much activity as most owners have been holding on to them. These lofts have amazing views of the Las Vegas Strip and the Wynn golf course.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 1 437,500 437,500 437,500 194 31

insight â&#x20AC;&#x201C; 34 â&#x20AC;&#x201C; q3 2020

2020 Q3 1 $555,000 $555,000 $555,000 $220 $130

Change 0% 27% 27% 27% 13% 319%

regency

towers

These long-standing Vegas residential towers, located within the Las Vegas Country Club.This high rise tower offers breath taking strip, golf course and mountain views.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 10 440,000 334,340 130,000 198.11 92

2020 Q3 Change 3 -70% 325,000 -26% 274,933 -18% 220,000 69% 148.13 -25% 75 -18%

one las vegas One Las Vegas is located on the world-famous Las Vegas Boulevard just south of McCarran International Airport. This condo community offers a multi-floor fitness center, ownerâ&#x20AC;&#x2122;s lounge and social area, and an elegant pool and spa complex.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 13 1,099,900 459,608 282,000 296.58 13

2020 Q3 Change 12 -8% 800,000 -27% 477,650 4% 190,000 -33% 276.98 -7% 107 723%

the ogden Bordering the newly redeveloped Fremont East Entertainment District, this development has been home to many of the people shaping the renaissance of the Las Vegas downtown. As downtown Las Vegas continues to evolve as the new epicenter for high tech businesses, special events and cultural activities.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 11 $780,000 $511,490 $445,000 $323.18 66

2020 Q3 Change 6 -45% $460,000 -41% $365,500 -29% $269,000 -40% $375.37 16% 126 91%

35

newport lofts These contemporary lofts are the highlight of the downtown residential scene.

Located in the renaissance of the downtown area.Featuring open floor plans owners have a view of the Las Vegas Strip and surrounding city.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q3 4 550,000 359,975 250,000 253.56 57

2020 Q3 Change 5 25% 399,900 -27% 323,080 -10% 235,000 -6% 240.17 -5% 51 -11%

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# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

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Leading the way in the downtown redevelopment, this loft development continues to play an iconic role in the next phase of the downtown renaissance.

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soho lofts

2019 Q3 1 $339,000 $339,000 $339,000 $250 103

insight â&#x20AC;&#x201C; 36 â&#x20AC;&#x201C; q3 2020

2020 Q3

Change

listings of distinction.

1701 enclave $12,950,000 | 13,349 sq ft | 4 beds | 8 baths

702.360.1414 | s y n e r g y s i r. c o m

37

listings of distinction.

2596 san giorgio

702.360.1414

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s y n e r g y s i r. c o m

$3,600,000 | 8,627 sq ft | 5 beds | 7 baths

insight – 38 – q3 2020

With more than 23,000 associates in 1,000 offices in 72 countries around the world, Sothebyâ&#x20AC;&#x2122;s International Realty offers true international reach and the ability to expose the properties we represent to the most qualified people in the most influential luxury markets around the globe.

live global.

PALOS VERDES ESTATES, CA

LLOYD NECK, NY

LONDON, ENGLAND

5 Beds | 4 Baths $6,000,000 | ID: 8H5B3Z

6 Beds | 8 Baths $5,999,000 | ID:VZVG5B

3 Beds | 3 Baths $3,562,577 | ID: SZ8L6W

NEW YORK, NY

ENCINITAS, CA

MOUNT CRESTED BUTTE, CO

8 Beds | 7 Baths $5,950,000 | ID: MKHZBH

4 Beds | 3 Baths $6,000,000 | ID: M447RP

10 Beds | 13 Baths $3,499,999 | ID: 7DNXFV

KIRKLAND, WA

SEATTLE, WA

ALAMO, CA

2 Beds | 3 Baths $3,698,800 | ID: 5R7Z8E

3 Beds | 3 Baths $3,524,950 | ID: RYHRBW

5 Beds | 6 Baths $5,000,000 | ID: H38L76

LEARN MORE AT SYNERGYSIR.COM 39

Summerlin • 10100 W Charleston Blvd., Suite 160, Las Vegas, NV 89135 • Next to Vintner Grill MacDonald Highlands • 552 S Stephanie St, Henderson, NV 89012 • Inside DragonRidge Country Club Green Valley • 120 S Green Valley Pkwy., Suite 154, Henderson, NV 89012 • Next to Whole Foods Lake Las Vegas •2030 Lake Las Vegas Pkwy, Henderson, NV 89011 • Next to The Westin

6 CONTINENTS • 72 COUNTRIES • 1,000 OFFICES • 702.360.1414 • SYNERGYSIR.COM ®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated, Except Offices Owned And Operated By NRT Incorporated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. * All information from sources deemed to be reliable although not warranted or guaranteed by or Sotheby’s International Realty® All information from MLS and Tax Records representing Single Family Homes only in MLS Areas 101-606