Page 1

insi gh t Las Vegas 2018 | First Quarter


Green Valley Office

MacDonald Highlands Office

overview It has been an incredible first quarter for Las Vegas. Our market is being defined by demand as it continues to outstrip supply, and prices on average are moving up in a majority of the price ranges. The highest demand was seen in the sub $500,000 market, where if you go below $300,000 it was common to have multiple offers. While the lower end saw a continued demand the upper tier was not far behind. The highest sale in Southern Nevada this quarter was a $13,000,000 estate sold in Summerlin. The estate at 1717 Enclave was the highest sale since 7030 Tomiyasu sold in 2011. There have been almost 200 transactions in the luxury ($750k+) segment this quarter putting us up 30% over the same time last year and very likely to surpass our 2017 total of 380 transactions. The influx of residents from California continues, most of whom are attracted to the strong benefits of our favorable tax climate, quality of life and cost of living. This is expected to continue for the foreseeable future.

Go, Knights, Go! We couldn’t be more proud of our NHL team, the Golden Knights, who are currently first in the Pacific Division as they go into the Stanley Cup Playoffs and have made their inaugural year with us simply amazing. In more sports news, ground has now been broken and the cranes are in place for the new Raiders Stadium. This will forever change the Las Vegas landscape and as season tickets are getting ready to be released for sale our community is ready to get behind the team. Las Vegas is moving to yet another level with several world-class developments now underway including: Wynn’s new Paradise Park, Las Vegas Sands’ music and entertainment venue, the Las Vegas Convention Center expansion, and MGM’s expansion at the Park with two brand new hotel brands. On the community front, UNLV will break ground on its new Medical School campus shortly and work continues on the master infrastructure efforts of Project Neon, our largest public works project in history. When it comes time to buy or sell, let us show you the power of our 274 year old brand known the world over. Luxury is a level of service, not necessarily a price point. We look forward to being of service.


Summerlin Office

table of contents

4 overview

16 communities

6

globally connected

30

golf course living

8

by the numbers

32

top selections

14

news + notes

year end 2017 |

insight

3


about us

At Synergy Sotheby’s International Realty we take great pride in presenting you with current trends 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 in the region. In addition to offering general statistics related to the overall market, the report contains valuable information concerning Las Vegas’ hottest developments and neighborhoods. Particularly noteworthy is the large-scale growth in the city with expansions and new developments, bringing with it many opportunities for clients to capitalize on future investments. 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 brand, represented in 70 countries, with over 21,000 associates across 930 offices, we have the capacity to offer our clients a level of talent and marketing expertise unlike any other.

PUBLISHER

Gene Northup MANAGING BROKER

Don Kuhl BROKER MANAGER

Brittany Olsson MANAGER

Kyle Northup DESIGNER

Lindsay Rohlfsen PHOTOGRAPHY

JPM Studios COPYWRITER

Melissa Whitaker

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.

ABOUT THE MAGAZINE Synergy Sotheby’s International Realty publishes Insight, a market report magazine each quarter. All materials are copyrighted and can not be reprinted or duplicated without permission, including photographs, artwork, designs and text. The publication is distributed without charge to readership throughout Southern Nevada. Additional copies and advertising information can be requested by contacting Synergy Sotheby’s International Realty.

Whether you are interested in learning more about current market conditions, or are considering representation in the sale of your home, please give us a call and we can discuss how Synergy Sotheby’s International Realty may be of service to you.

Address: 10100 W Charleston Blvd., 160, Las Vegas, NV 89135.

702.360.1414 | insight@synergysir.com

VIEW MORE PROPERTIES:

www.synergysir.com


#VegasStrong #VEGASSTRONG


las vegas born | globally connected

6

950

22,000

Offices Worldwide

Associates Worldwide

1.3B

$

From 1,410 Closed Referrals

27M Annual Visitors

108B

$

Total worldwide Sale 2017

61% International Visitors

The sale of a significant home is truly noteworthy. To represent a home of distinction requires highly-qualified real estate professionals with global reach and local expertise. Founded in 1976, the Sotheby’s International Realty brand is a unique and distinctive network of brokerage agencies offering a wide selection of luxury homes, estates and properties for sale throughout the world.

Our network of real estate professionals apply their local market knowledge to create a comprehensive and customized plan for a home that takes into consideration all avenues of marketing, including print, digital, public relations, advertising and social media. We have an exceptional team of brand marketing experts that stand ready to offer assistance and insight, and an array of tools and resources we can tap into.

Synergy Sotheby’s International Realty builds upon a tradition of excellence that was first set in 1744 with the founding of the Sotheby’s Auction house in London.

We endeavor to represent our clients not simply their estates. We look forward to being of service. Learn more at onlywithsynergy.com

i n s i g h t | year end 2017


significant sales

24 Via Tiberius: $5,880,000

34 Olympia Hills: $4,500,000

591 Lairmont: $5,500,000

top 10 sales in Q1 2018 $13M $8.9M $7.2M $4.5M $4.4M

1717 ENCLAVE 45 PAINTED FEATHER 27 EAGLES LANDING 2981 PINTO 14 PROMONTORY RIDGE

$4.4M $4.3M $3.9M $3.9M $3.7M

40 GOLF ESTATES 51 DRIFTING SHADOW 2061 TROON 98 SUN GLOW 2813 RED ARROW

year end 2017 |

insight

7


by the numbers Single family homes

*

Luxury is $750,000 and up

**

1513 Foothills Village: $3,500,000

LUXURY SINGLE FAMILY HOMES** Distribution of Sales by Location

Henderson

The North

The Northwest

The South

North North West South West East

Distribution of Sales by Price

$750K-$1M

The Southwest

South Henderson

$750k - $1M $2M - $4.99M

$1M-$1.49M

$1.5M-$1.99M

$2M-$4.99M

>$5M

$1M - $1.49M >$5M

$1.5M - $1.99M


NUMBER OF PROPERTIES SOLD ABOVE, EQUAL TO OR BELOW LIST PRICE* <$100K $100K-$250K $250K-$499K $500K-$749K $750K-$1mm $1mm-$1.49mm $1.5mm-$1.99mm $2mm-$4.99mm >$5mm 0%

10%

20%

30% Below

40% Equal

50%

60%

70%

80%

90%

100%

80%

90%

100%

Above

DAYS ON MARKET BY PRICE RANGE* <$100K $100K-$250K $250K-$499K $500K-$749K $750K-$1M $1M-$1.49M $1.5M-$1.99M $2M-$4.99M >$5M 0%

10%

20% <30

30% 120-180

40% 180+

50%

60%

30-90

70% 90-120

ALL SINGLE FAMILY HOMES* Distribution of Sales by Sales Price

<$100K

$100K-$250K

$250K-$499K

$500K-$749K

$750K-$1M

$1M-$1.49M

$1.5M-$1.99M

$2M-$4.99M

Distribution of Sales by Location

>$5M

<$100K $100K - $250K $250K - $499K $500K - $749k $750K - $1M $1M - $1.49M $2M - $4.99M >$5M $1.5M - $1.99M

Henderson

North

The East

The North

The Northwest

The South

The Southwest

North North West South North South West West South EastSouth West HendersonEast year end 2017 |

Henderson

insight

9


by the numbers | Q1 2018 VS Q1 2013 *Single family residential

-4.8% Sales Volume Decrease since Q1 2013

+67% Average sales price Increase since Q1 2013

LUXURY MARKET* $750k and up

1% Sales Volume Increase since Q1 2013

+1.5% Average sales price Increase since Q1 2013

4m

3

89135

101

$13M

search views

offices in southern Nevada

over $750,000

homes

sale in Q1 2018

89135 was the zip code with the most luxury home activity. 20% of all sales over $750,000 were within 89135. The runner up was 89052 with 16%.

There were 101 homes over $1,000,000 sold in Southern Nevada in Q1 2018. 28 of which were over $2,000,000.

$13,000,000 is the highest priced home to sell so far in 2018.

Synergy Sotheby’s Int’l Realty marketing produced 4 million property views in Q1 2018.

With 3 offices in Southern Nevada, we are able to serve your needs no matter where you’re looking to buy or sell!


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


Brand Heritage Recognized worldwide, the prestige of the Sothebyâ&#x20AC;&#x2122;s brand is unparalleled. The acclaimed auction house, established in 1744 in London for collectors of art and other fine possessions, expanded to New York City in 1955. Sothebyâ&#x20AC;&#x2122;s International Realty inherited the iconic brand name, building on its legacy by delivering unrivaled real estate services.


news + notes

Upcoming Auctions RUGS AND CARPETS: INCLUDING DISTINGUISHED COLLECTIONS 23 APRIL 2018 | 2:30 PM BST | LONDON Sotheby’s London is delighted to announce its new Spring Rugs and Carpets sales to be held alongside London Islamic week. Our sale includes distinguished collections and offers a wide range of property drawn across Europe and the USA, with selected works representative... read entire story at sothebys.com

FINEST & RAREST WINES 21 APRIL 2018 | 10:00 AM EDT | NEW YORK Sotheby’s Wine New York is delighted to present Finest & Rarest Wines on Saturday, 21 April, brimming with the world’s most sought-after wines from Bordeaux, Burgundy, Rhône, Piedmont, and Napa, in landmark vintages. The sale leads with “Selections From the Family Cellar of a Well-Respected Collector,” including blockbusters such as 1989 Haut Brion, 1978... read entire story at sothebys.com

OLD MASTER PAINTINGS 02 MAY 2018 | 10:30 AM BST | LONDON The Old Master mid-season sale includes excellent examples from most major schools of painting in Western Europe. With prices ranging from £1,000– 50,000 this is the perfect opportunity for new buyers to discover the virtues of collecting Old Masters, while offering a chance for more established buyers to expand their collections.... read entire story at sothebys.com

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insight

13


news + notes

Two White Hot Diamonds at Sotheby’s this Spring BY SOTHEBY’S | 06 APR 2018 Two highlights from Sotheby’s Magnificent Jewels and Noble Jewels sale in Geneva on 15 May will be a pair of highly impressive white diamonds, each weighing over 50 carats. Both of the diamonds have Flawless clarity, are D-Colour – the most coveted hue for white diamonds – and belong to the highly rarefied sub-category of Type IIa diamonds, which make up just 2% of gem diamonds and boast the highest optical transparency. The first is a 51.71-carat round, brilliant cut diamond, and the second, similarly perfect, weighs 50.39 carats but is oval. They are both the second largest D Flawless diamond of their shape ever to have come to auction. When it comes to stones of significant size, diamond cutters will generally try to keep the maximum weight from the rough. For this reason, elongated cushions, emeraldcuts, and pear-shapes are usually more common for large diamonds. Here, however, the master craftsmen who cut the stones have chosen round brilliant and oval cuts respectively, which show off the diamonds’ exceptional physical characteristics to maximum effect. Earlier this year, Sotheby’s Diamonds, a retail boutique specialising in the world’s finest diamonds, unveiled an extraordinarily rare 102.34 carat, white diamond of the same extraordinary colour and clarity as these two spectacular stones. The only known round brilliant-cut diamond over 100 carats... read entire story at sothebys.com

A Year of Celebrations at Sotheby’s Paris BY SOTHEBY’S | 09 APR 2018 This year, Sotheby’s Paris celebrates two important anniversaries: the first Sotheby’s offices opened in Paris fifty years ago and Sotheby’s moved to its Galerie Charpentier headquarters twenty years ago. These two dates also mark the arrival of Sotheby’s in France and the launch of our first public auctions on the French market. Over the last twenty years, our Paris headquarters have borne witness to numerous exceptional events which has left their mark on the art market for ever. We thank you all of you for contributing to our success. On this occasion and during the year, we will celebrate collectors who have marked the history of Sotheby’s France, the extraordinary objects we sold and what make us a unique auction house. This year, we would love to offer innovative projects of events and sales, seduce new collectors and keep offering you an exceptional access to the art world. read entire story at sothebys.com

14

i n s i g h t | year end 2017


news + notes

High-Profile Artists in ‘Postcards from Prison’ Exhibition BY SOTHEBY’S | 06 APR 2018 Artists including Jeremy Deller, Tracey Emin, Cornelia Parker and Mark Wallinger have donated artworks on postcards, which will be exhibited alongside postcards created by prisoners at an exhibition in Sotheby’s New Bond Street on 10 May read entire story at sothebys.com

Wine Futures: A Guide to Buying BY SOTHEBY’S WINE | 06 APR 2018 What are Futures? Buying Futures – also known as en primeur – means purchasing wine that is still maturing in the barrel and has not yet been bottled. The top chateaux in Bordeaux offer the majority of their wines (approximately 80–90%) for sale as Futures in the spring following the harvest. As a result, this is the first opportunity to purchase the new vintage. Bordeaux is the most important wine that is traded as a Future, but some other regions and producers also make their wines available. Why buy Futures? The advantages of buying Futures are: – To purchase wine at the first release price, when the margins made by wine merchants are the smallest.... read entire story at sothebys.com year end 2017 |

insight

15


communities

1465 MacDonald Ranch dr: $3,850,000 6 Beds | 8 Baths | 9,717 Sq Ft | .85 Acre

16

i n s i g h t | year end 2017


the worth of a home It can all be found in the details that truely define uniqueness. Details as simple as a centuries old fireplace that remains the historic prominance of a time past, or as grand as a rooftop promenade atop a landscape of city lights. So, to us, itâ&#x20AC;&#x2122;s not about the size of the property, the number of bedrooms, or even the price, but more about the distinct character that makes a home noteworthy of being called exceptional.

year end 2017 |

insight

17


las vegas, summerlin & henderson

|

702.360.1414

the ridges This private reserve of luxury homes, situated on 800 acres in the master-planed community of Summerlin, is recognized as one 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 Desertâ&#x20AC;&#x2122;s Red Rock Conservation Area.

2018 Q1

2017 Q1

Change

10

12

(2)

Average Sales Price

$3,557,000

$2,226,542

$1,330,458

Sales Price (Max)

$8,900,000

$3,800,000

$5,100,000

Sales Price (Min)

$1,075,000

$1,050,000

$25,000

$481

$385

$96

106

82

24

Sales

Avg $/SF Avg Days On Mkt

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.

2018 Q1

2017 Q1

Change

21

32

(11)

Average Sales Price

$1,325,381

$933,120

$392,261

Sales Price (Max)

$3,780,000

$1,919,800

$1,860,200

Sales Price (Min)

$600,000

$505,000

$95,000

$265

$246

$19

70

71

(1)

Sales

Avg $/SF Avg Days On Mkt

18

i n s i g h t | year end 2017


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.

2018 Q1

2017 Q1

Change

2

-

2

Average Sales Price

$2,087,500

$-

$2,087,500

Sales Price (Max)

$2,375,000

$-

$2,375,000

Sales Price (Min)

$1,800,000

$-

$1,800,000

$378

$-

$378

130

-

130

Sales

Avg $/SF Avg Days On Mkt

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.

2018 Q1

2017 Q1

Change

2

1

1

Average Sales Price

$1,625,000

$1,060,000

$565,000

Sales Price (Max)

$1,885,000

$1,060,000

$825,000

Sales Price (Min)

$1,365,000

$1,060,000

$305,000

$296

$252

$44

21

90

(69)

Sales

Avg $/SF Avg Days On Mkt

year end 2017 |

insight

19


las vegas, summerlin & henderson

|

702.360.1414

canyon fairways Appropriately situated for luxury and appropriately named for its convenience as it backs Tournament Players Club Las Vegas, a public course Golf Digest describes 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.

2018 Q1

2017 Q1

Change

3

1

2

Average Sales Price

$1,271,633

$1,625,000

$(353,367)

Sales Price (Max)

$1,400,000

$1,625,000

$(225,000)

Sales Price (Min)

$1,189,900

$1,625,000

$(435,100)

$299

$332

$(33)

46

30

16

Sales

Avg $/SF Avg Days On Mkt

bellacere Set behind a guard-gated entrance, Bellacere is a truly an intimate community filled with a wealth of green spaces, which only fifty-four families can enjoy. Designed in a way so 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.

2018 Q1

2017 Q1

Change

-

1

(1)

Average Sales Price

$-

$964,500

$(964,500)

Sales Price (Max)

$-

$964,500

$(964,500)

Sales Price (Min)

$-

$964,500

$(964,500)

Avg $/SF

$-

$248

$(248)

-

10

(10)

Sales

Avg Days On Mkt

20

i n s i g h t | year end 2017


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 as by passing through the guardgated entrance and takes residence on a path of unmatched possibilities.

2018 Q1

2017 Q1

Change

1

2

(1)

Average Sales Price

$2,000,000

$1,900,000

$100,000

Sales Price (Max)

$2,000,000 *

$2,500,000

$(500,000)

Sales Price (Min)

$2,000,000

$1,300,000

$700,000

$228

$264

$(36)

3

134

(131)

Sales

Avg $/SF Avg Days On Mkt

*Contains "Off Market" Transaction

palisades As its name implies, Palisades is a distinctive barrier to the common world. Drive through the guard-gated entrance and youâ&#x20AC;&#x2122;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 Canyons fairways accentuate that feeling.

2018 Q1

2017 Q1

Change

1

1

-

Average Sales Price

$1,400,000

$1,175,000

$225,000

Sales Price (Max)

$1,400,000

$1,175,000

$225,000

Sales Price (Min)

$1,400,000

$1,175,000

$225,000

$267

$182

$85

8

32

(24)

Sales

Avg $/SF Avg Days On Mkt

year end 2017 |

insight

21


las vegas, summerlin & henderson

|

702.360.1414

vineyards The residences at Vineyards are for those seeking to elevate their lifestyle. Set amongst gently rising hills in the masterplanned 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.

2018 Q1

2017 Q1

Change

5

1

4

Average Sales Price

$849,000

$625,000

$224,000

Sales Price (Max)

$945,000

$625,000

$320,000

Sales Price (Min)

$775,000

$625,000

$150,000

$231

$159

$72

60

11

49

Sales

Avg $/SF Avg Days On Mkt

spanish hills Nestled into the southwestern region of Las Vegas, Nevada is the luxurious community called Spanish Hills. Constructed during the 1980s and 1990s, Spanish Hills has always been known for its prestigious image. This community, however, is not just about image, because its large lots, great amenities, and ideal location truly make it a wonderful place to live in.

2018 Q1

2017 Q1

Change

1

-

1

Average Sales Price

$856,500

$-

$856,500

$-

$856,500

$-

$856,500

Sales Price (Min)

$856,500

$-

$856,500

Avg $/SF

$184

$-

$184

Avg Days On Mkt

200

-

200

Sales

22

i n s i g h t | year end 2017


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.

2018 Q1

2017 Q1

Change

2

2

-

Average Sales Price

$6,962,500

$817,000

$6,145,500

Sales Price (Max)

$13,000,000

$850,000

$12,150,000

Sales Price (Min)

$925,000

$784,000

$141,000

$608

$205

$403

186

58

128

Sales

Avg $/SF Avg Days On Mkt

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.

Sales Average Sales Price $Sales Price (Min) Avg $/SF Avg Days On Mkt

2018 Q1

2017 Q1

Change

14

9

5

$848,871

$1,277,111

$(428,240)

$2,500,000

$6,200,000

$(3,700,000)

$505,000

$500,000

$5,000

$210

$202

$8

59

115

(56)

year end 2017 |

insight

23


las vegas, summerlin & henderson

|

702.360.1414

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. Wellgroomed 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.

2018 Q1

2017 Q1

Change

9

7

2

$765,543

$717,143

$48,400

Sales Price (Max)

$1,788,000

$1,770,000

$18,000

Sales Price (Min)

$410,000

$400,000

$10,000

$194

$207

$(13)

140

116

24

Sales Average Sales Price

Avg $/SF Avg Days On Mkt

southern highlands Living in Southern Highlands means one of the nationâ&#x20AC;&#x2122;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.

2018 Q1

2017 Q1

Change

18

14

4

Average Sales Price

$1,647,022

$924,895

$70,4127

Sales Price (Max)

$7,250,000

$3,500,000

$3,750,000

Sales Price (Min)

$522,500

$394,534

$127,966

$256.19

$217.44

$38.75

132

161

(29)

Sales

Avg $/SF Avg Days On Mkt


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 suburb of Henderson, MacDonald Highlands is uniquely luxurious and distinctly lavish and home to the Dragonridge Country Club.

2018 Q1

2017 Q1

Change

10

5

5

Average Sales Price

$1,470,299

$976,700

$493,599

Sales Price (Max)

$3,300,000

$1,170,000

$2,130,000

Sales Price (Min)

$675,000

$840,000

$(165,000)

$283

$214

$69

79

41

38

Sales

Avg $/SF Avg Days On Mkt

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.

2018 Q1

2017 Q1

Change

29

19

10

$851,674

$764,442

$87,232

Sales Price (Max)

$2,000,000

$2,300,000

$(300,000)

Sales Price (Min)

$440,000

$390,000

$50,000

$230

$206

$24

74

105

(31)

Sales Average Sales Price

Avg $/SF Avg Days On Mkt

year end 2017 |

insight

25


las vegas, summerlin & henderson

|

702.360.1414

seven hills As the Roman Empire was built upon its famed rolling hills, so too is the mater-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 wondrous views of the entire Las Vegas valley Seven Hills is home to the Rio Secco gold course designed by Rees Jones, as well as, an abundance of outdoor activities and amenities.

2018 Q1

2017 Q1

Change

16

12

4

Average Sales Price

$1,160,906

$1,172,108

$(11,202)

Sales Price (Max)

$2,950,000

$2,575,000

$375,000

Sales Price (Min)

$515,000

$505,000

$10,000

$194

$208

$(14)

60

95

(35)

Sales

Avg $/SF Avg Days On Mkt

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.

2018 Q1

2017 Q1

Change

2

2

-

Average Sales Price

$1,400,000

$1,067,500

$332,500

Sales Price (Max)

$1,800,000

$1,300,000

$500,000

Sales Price (Min)

$1,000,000

$835,000

$165,000

$176

$212

$(36)

20

33

(13)

Sales

Avg $/SF Avg Days On Mkt

26

i n s i g h t | year end 2017


roma hills Expansive living can sometimes come in an intimate environment and that is the beauty of Roma Hills. Designed as a sanctuary for only 144 homes, Roma Hills is luxuriously unique in Las Vegas. Set against Black Mountain and offering spectacular views of the entire valley, Roma Hills is a guard-gated retreat for privacy and unrivaled living.

2018 Q1

2017 Q1

Change

4

1

3

Average Sales Price

$1,062,500

$1,050,000

$12,500

Sales Price (Max)

$1,300,000

$1,050,000

$250,000

Sales Price (Min)

$775,000

$1,050,000

$(275,000)

Avg $/SF

$212

$212

$-

Avg Days On Mkt

103

128

(25)

Sales

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.

2018 Q1

2017 Q1

Change

13

16

(3)

$717,954

$564,550

$153,404

Sales Price (Max)

$1,500,000

$986,900

$513,100

Sales Price (Min)

$510,000

$300,000

$210,000

$214

$190

$24

80

78

2

Sales Average Sales Price

Avg $/SF Avg Days On Mkt

year end 2017 |

insight

27


LIVE Dragonridge Office | 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

year end 2017 |

insight

29


golf course living

Average

Sales Price

Golf Course

Sales

Highest

Average

Lowest

$/SF

DOM

Bear's Best

5

$8,900,000

$4,394,000

$1,600,000

$472

128

DragonRidge

3

$2,750,000

$1,535,996

$779,100

$248

72

Southern Highlands

5

$7,250,000

$2,330,800

$950,000

$310

120

TPC Summerlin

5

$13,000,000

$3,450,442

$372,211

$404

114

Rio Secco

7

$2,950,000

$1,161,729

$650,000

$228

63

Red Rock Country Club

13

$3,780,000

$1,611,077

$855,000

$322

81

Anthem Country Club

7

$1,750,000

$1,125,500

$806,000

$279

73

Lake Las Vegas

3

$1,150,000

$721,667

$490,000

$221

25

TPC Las Vegas

2

$1,400,000

$1,042,500

$685,000

$299

167

Canyon Gate Country Club

7

$1,448,800

$813,513

$534,000

$218

117

Spanish Trail

5

$1,450,000

$881,000

$480,000

$185

224

Las Vegas Country Club

2

$675,000

$528,750

$392,500

$173

16

Data through 3/31/18

®, TM 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. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of another 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 The Kuhl Group or Sotheby’s International Realty ®.

30

i n s i g h t | year end 2017


34 Olympia Hills | $4,500,000 5 Beds | 9 Baths | 8,663 Sq Ft | .76 Acre

year end 2017 |

insight

31


selections from the collection

|

702.360.1414

591 lairmont place

$5,500,000 | 10,018 sq ft | 6 beds | 10 baths

32

i n s i g h t | year end 2017

|

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


28 sankaty circle

$2,295,000 | 7,241 sq ft | 5 beds | 6 baths

year end 2017 |

insight

33


selections from the collection

|

5078 spanish hills

$6,500,000 | 2,988 sq ft | 5 beds | 7 baths

34

i n s i g h t | year end 2017

702.360.1414

|

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


destinations With more than 22,000 associates in 950 locations in 69 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.

Orvieto, Terni, Italy

La Jolla, California

Sun Valley, Idaho

8 Beds | 8 Baths $3,804,148 | ID: V34EBK

4 Beds | 5 Baths $5,995,000 | ID: 5PW4Q9

5 Beds | 6 Baths $5,995,000 | ID: Y4Z5NT

New York, New York

Nurai Island, Abu Dhabi

La Jolla, California

2 Beds | 3 Baths $5,995,000 | ID: 6R77TN

4 Beds | 5 Baths Upon Request | ID: 64FS44

3 Beds | 4 Baths $2,995,000 | ID: NN6Y89

Napa, California

Coopers Beach, New Zealand

Westmeath, Ireland

2 Beds | 7 Baths $5,998,000 | ID: JE2NFL

4 Beds | 4 Baths $1,163,721 | ID: DKCBD8

12 Beds | 5 Baths $16,566,450 | ID: 67V68J

learn more at synergysir.com


702.360.1414

synergysir.com

synergysir.com Green Valley • 120 S Green Valley Pkwy., Suite 154, Henderson, NV 89012 • Next to Whole Foods 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

6 CONTINENTS • 70 COUNTRIES • 930 OFFICES • LOCAL EXPERTS WORLDWIDE ®,™ 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 Gene Northup or Sotheby’s International Realty® All information from MLS and Tax Records representing Single Family Homes only in MLS Areas 101-606

Insight Market Report  

It was another great year for the real estate market in Southern Nevada and all indications show 2018 to be even better. Overall, the avera...

Insight Market Report  

It was another great year for the real estate market in Southern Nevada and all indications show 2018 to be even better. Overall, the avera...