Insight Report Q1 2017

insi gh t 2017 Q1

At Synergy Sotheby’s International Realty we take great pride in presenting you 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.

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 66 countries, with over 20,000 associates across 880 expertise unlike any other.

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

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

april 2017 |

insight

3

overview

It is our distinct honor to introduce this quarter’s edition of Insight Magazine, our seasonal overview of the greater Las Vegas luxury real estate market.

Here at Synergy, we take tremendous pride in staying informed about the developments and trends that continue to impact the revitalization and reinvigoration of this unique and fascinating city.

PUBLISHER

Gene Northup MANAGING BROKER

Don Kuhl BROKER MANAGER

Brittany Olsson The volume of sales for Synergy increased by a strong 12% since the first quarter of 2016 and

MANAGER

our average sales price has increased by 8% from

Kyle Northup

last year to $280,270. The luxury single-family residential market showed strong demand with a sizable increase in sales, which was almost 40% higher than 2016. This trend isn’t limited only to resales. Strong sales have continued for custom home lots and new construction. Inventory growth

DESIGNER

Lindsay Rohlfsen PHOTOGRAPHY

JPM Studios

has finally turned the tide and has decreased since

COPYWRITER

December. The number of days properties remain

Melissa Whitaker

on the market has steadily declined, mostly due to strong demand for properties at lower price points.

It is an exciting time for Las Vegas. The National

FEATURE YOUR HOME IN THE NEXT ISSUE

Football League owner’s group has given the goahead for the Oakland Raiders to move to Las Vegas, leaving the city poised for the next step in its evolution as not only a major destination city, but as

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.

a cosmopolitan heavy-hitter in the United States.

The economy is strong and holding steady as we move into this new chapter of the city’s history.

ABOUT THE MAGAZINE

The information found herein is intended to provide

Synergy Sotheby’s International Realty publishes Insight, a market report

insight into select communities of the Las Vegas

magazine each quarter. All materials are copyrighted and can not be reprinted

Valley. When it comes time to sell your home, or to

or duplicated without permission, including photographs, artwork, designs and

buy a new property, take the time to speak with your

text. The publication is distributed without charge to readership throughout

Synergy Sotheby’s International Realty agent and

Southern Nevada. Additional copies and advertising information can be

let them show you the power of the 274-year old

requested by contacting Synergy Sotheby’s International Realty.

brand known the world over. Luxury means excellent

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

service and excellent properties.

We look forward to being of service.

702.360.1414 | insight@synergysir.com

VIEW MORE PROPERTIES:

www.synergysir.com

UNPARALLELED SELECTION OF WINES ALL YEAR ROUND. Sotheby’s Wine is more than an auctioneer, we are a global retailer with stores in New York and Hong Kong.

Visit us online at sothebyswine.com.

1334 YORK AVENUE, NEW YORK, NEW YORK 10021 ENQUIRIES NEW YORK +1 212 894 1990 INFONYC@SOTHEBYSWINE.COM HONG KONG +852 2886 7888 INFOHK@SOTHEBYSWINE.COM

las vegas born | globally connected

880

20,000 Associates Worldwide

1.59M

$

Average List Price

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

6

$

23M

Highest Sales Price in Q1 2017

2.4M Unique Visitors in January 2017

95B

$

Worldwide Sales Volume in 2016

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

homes, estates and properties for sale throughout the world.

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 | april 2017

s i g n i fi c a n t s a l e s

Anthem Country Club: $7,950,000

27 Eagles Landing: $8,700,000

$6.2M

QUEENSRIDGE

$3.8M $3.6M $3.5M $3.5M $2.9M

RIDGES RIDGES RIDGES SOUTHERN HIGHLANDS TOMIYASU

1321 Villa Barolo: $3,850,000

$2.5M $2.5M $2.5M $2.3M $2.2M $2.2M

SEVEN HILLS RIDGES MOUNTAIN TRAILS ANTHEM COUNTRY CLUB RIDGES SEVEN HILLS

april 2017 |

insight

7

by the numbers *Single family residential

LUXURY REAL ESTATE* $750k and up

$750K-$1M $1M-$1.49M $1.5M-$1.99M $1.5M-$1.99M $2M-$4.99M >$5M $750K-$1M $1M-$1.49M $2M-$4.99M

>$5M

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

<$100K $100K-$250K $250K-$499K $500K-$749K $750K-$1M $1M-$1.49M $1.5M-$1.99M $2M-$4.99M >$5M 0%

10%

20%

30% Above

40%

50%

Below

60%

70%

80%

90%

100%

70%

80%

90% 100%

Equal

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% <30

20%

30%

120-180

40% 180+

50%

60%

30-90

90-120

SINGLE FAMILY HOMES*

$100K-$250K $250K-$499K $500K-$749K $500K-$749K <$100K <$100K $100K-$250K $250K-$499K $1M-$1.49M

$1M-$1.49M

$1.5M-$1.99M $2M-$4.99M

$1.5M-$1.99M $2M-$4.99M

$750K-$1M $750K-$1M

>$5M

>$5M

april 2017 |

insight

9

by the numbers *Single family residential

SALES $300,000

9,000 8,000

$250,000

7,000

$200,000

6,000 5,000

$150,000

4,000 3,000

$100,000

2,000

$50,000

1,000 0

2013 Q1

2014 Q1

2015 Q1

2016 Q1

2017 Q1

$0

LUXURY SALES* $750k and up

Sales Average Sales Price

7.2m visitors

Synergy Sotheby’s Int’l Realty marketing produced 7.2 million views the first quarter of 2017, that is the strength of a network.

3 southern Nevada

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

89135

68

6.2M

over $750,000

homes

Highest Sale

89135 was the zip code with the most luxury home activity.

24% of all sales over $750,000 were within 89135. The runner up was 89052 with 12%.

There were 69 homes over $1,000,000 sold in Southern Nevada in Q1 2017. 15 of which were over $2,000,000.

$6,200,000 is the highest priced home to sell in 2017.

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

WE ARE. LEVERAGING OUR HERITAGE

10100 W Charleston Blvd., Suite 160, Las Vegas, NV 89135 â&#x20AC;¢ (Next to Vintners Grill) | 120 S Green Valley Pkwy., Suite 154, He

An Extraordinary Collaboration: unlock a world of opportunity The homes represented by the Sotheby’s International Realty brand are featured in exclusive publications created in collaboration with the Sotheby’s Auction House. These include signature magazines such as Sotheby’s Magazine and Art & Home, as well as the Extraordinary Properties blog. We also promote properties on sothebys.com, the auction house website with over 2 Million visitors a month.

enderson, NV 89012 • (Next to Whole Foods) | 552 S Stephanie St, Henderson, NV 89012 • (Inside Dragonridge Country Club)

news + notes

Plum Sykes on Global Style, Jewels & Her New Book

By Stephanie Sporn | 29 Mar 2017 When Plum Sykes and her sister Lucy came to the US in the mid-90s, the Portobello princesses quickly became fixtures in New York society. With English style and wit, the twins continue to charm the worlds of fashion, journalism and literature. Currently a New York Times best-selling author and contributor to American Vogue (this April will mark her 20th anniversary at the magazine), Plum is set to release her latest book and soon to be series, Party Girls Die in Pearls (HarperCollins) this May. Part chick lit, murder mystery and autobiography, the novel follows the experiences of two new best friends, the modest, English country Ursula and the impossibly chic American Nancy, at Oxford University in the 1980s. Sotheby’s couldn’t wait to talk to Sykes, now living with her husband and two daughters between London and the Cotswolds, about British versus American style, her penchant for depicting high society and her taste in jewellery.

Read on to discover more about Sykes, including her favourite pieces from Sotheby’s Magnificent Jewels sale on 25 April in New York.

Where did your love of fashion begin?

My mother designed very classic English children’s clothes, so from a very young age, I was being dressed by her in beautiful, smart dresses. Around age eleven, I used to make a lot of my clothes with my grandmother. I remember as a sixteen, seventeen-year-old, my mom would get her seamstresses to make little ball gowns for me if I was going to a deb party or something like that. Although we didn’t have any money at all, we had access to lots of fabrics and seamstresses, so we looked quite glamorous. read entire story at sothebys.com

Contemporary Curated ANTONY GORMLEY BREATHING ROOM XXV Estimate 12,000 — 18,000 GBP Signed, titled and dated 2010 on the reverse ink and bleach on paper 77 by 111 cm. 30 1/4 by 43 3/4 in.

The Breathing Room drawings unusually predate the sculpture of the same name. The most recent drawings in the series Breathing Room vividly capture something of the effect of the glowing light as it appears in the gallery against the suddenly plunged darkness of the space. The interconnecting space frames of the installation are created through the use of lines made with a fine brush dipped in household bleach which removes the ink from its paper support and makes the negative outlines glow. This device reflects the uncertain terrain of what constitutes the installation: ‘The object hovers between being architecture and being an image of architecture.’ The result for the viewer, in both drawings and installations, is to be caught up in an indeterminacy of perspectival viewpoint.

Anna Moszynska Drawing Space, Milan 2010, p. 40

14

i n s i g h t | april 2017

news + notes

Upcoming Auctions IMPORTANT WATCHES 14 MAY 2017 | 10:30 AM CEST | GENEVA Franks Files: The Rich History of Magnificent Jewels Leading the selection of important and interesting timepieces to be offered at auction on Sunday 14 May in Geneva is the legendary Patek Philippe Calibre 89 in yellow gold. After nearly a decade of research and craftsmanship, the Calibre 89 became the most complicated watch ever created when Patek Philippe unveiled it in 1989 to mark their 150th anniversary. One of the most important watches ever to be offered at auction, it remains the brand’s mechanical ambassador.

Sotheby’s is honoured to present this exceptional timepiece along with a fine selection of vintage and modern watches from the most prominent brands in the market. The sale will launch the inaugural season at Sotheby’s brand new sales location in Mandarin Oriental, Geneva. read entire story at sothebys.com

OLD MASTERS 03 MAY 2017 | 10:30 AM BST | LONDON

Perfect Pairings: Cars and Watches 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.

MAGNIFICENT JEWELS AND NOBLE JEWELS 16 MAY 2017 | 10:30 AM CEST | GENEVA Sotheby’s spring sale of Magnificent Jewels and Noble Jewels at Mandarin Oriental, Geneva will be led by the ‘Apollo and Artemis Diamonds’. Individually, these captivating diamonds – one Fancy Vivid Blue, one Fancy Intense Pink – are truly exceptional stones and when considered as a pair, they enter a class of their own: the most important earrings ever to appear at auction. Offered separately as individual lots, ‘The Apollo Blue’ will be presented with an estimate of CHF 38,125,000–50,160,000 ($38,000,000–50,000,000) and ‘The Artemis Pink’ is estimated between CHF 12,545,000–18,060,000 ($12,500,000–18,000,000).

The sale features jewellery from different collections comprising signed jewels and superb gemstones. Gems from Kashmir, Burma, Colombia rub shoulders with signed jewels from the most iconic and well-known jewellery houses, such as Cartier, Van Cleef & Arpels, Lacloche, Bulgari, Schlumberger and Tiffany.

april 2017 |

insight

15

communities

16

i n s i g h t | april 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.

april 2017 |

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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.

2017 Q1

2016 Q1

Change

12

8

4

Average Sales Price

$2,226,542

$2,333,125

$(106,583)

Median

$2,175,000

$2,175,000

$-

Sales Price (Max)

$3,800,000

$6,500,000

$(2,700,000)

Sales Price (Min)

$1,050,000

$850,000

$200,000

$385

$412

$(27)

82

134

(52)

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.

2017 Q1

2016 Q1

Change

32

14

18

Average Sales Price

$933,120

$1,259,821

$(326,701)

Median

$820,000

$820,000

$-

Sales Price (Max)

$1,919,800

$3,400,000

$(1,480,200)

Sales Price (Min)

$505,000

$550,000

$(45,000)

$246

$281

$(35)

71

98

(27)

Sales

Avg $/SF Avg Days On Mkt

18

i n s i g h t | april 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.

2017 Q1

2016 Q1

Change

-

-

-

$-

$-

$-

$1,900,000

$1,900,000

$-

Sales Price (Max)

$-

$-

$-

Sales Price (Min)

$-

$-

$-

Avg $/SF

$-

$-

$-

-

-

-

Sales Average Sales Price Median

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.

2017 Q1

2016 Q1

Change

1

2

(1)

$1,060,000

$1,681,125

$(621,125)

$950,000

$950,000

$-

Sales Price (Max)

$1,060,000

$2,342,250

$(1,282,250)

Sales Price (Min)

$1,060,000

$1,020,000

$40,000

$252

$213

$39

90

120

(30)

Sales Average Sales Price Median

Avg $/SF Avg Days On Mkt

april 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.

2017 Q1

2016 Q1

Change

1

2

(1)

Average Sales Price

$1,625,000

$1,162,500

$462,500

Median

$1,255,000

$1,255,000

$-

Sales Price (Max)

$1,625,000

$1,300,000

$325,000

Sales Price (Min)

$1,625,000

$1,025,000

$600,000

$332

$192

$140

30

203

(173)

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.

2017 Q1

2016 Q1

Change

1

-

1

$964,500

$-

$964,500

$1,480,000

$1,480,000

$-

Sales Price (Max)

$964,500

$-

$964,500

Sales Price (Min)

$964,500

$-

$964,500

$248

$-

$248

10

-

10

Sales Average Sales Price Median

Avg $/SF Avg Days On Mkt

20

i n s i g h t | april 2017

mountain trails Set in 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.

2017 Q1

2016 Q1

Change

2

2

-

Average Sales Price

$1,900,000

$1,572,500

$327,500

Median

$1,375,000

$1,375,000

$-

Sales Price (Max)

$2,500,000

$1,640,000

$860,000

Sales Price (Min)

$1,300,000

$1,505,000

$(205,000)

$264

$248

$16

134

205

(71)

Sales

Avg $/SF Avg Days On Mkt

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 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.

2017 Q1

2016 Q1

Change

1

1

-

Average Sales Price

$1,175,000

$1,235,000

$(60,000)

Median

$921,500

$921,500

$-

Sales Price (Max)

$1,175,000

$1,235,000

$(60,000)

Sales Price (Min)

$1,175,000

$1,235,000

$(60,000)

$182

$227

$(45)

32

83

(51)

Sales

Avg $/SF Avg Days On Mkt

april 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.

2017 Q1

2016 Q1

Change

1

-

1

Average Sales Price

$625,000

$-

$625,000

Median

$653,000

$653,000

$-

Sales Price (Max)

$625,000

$-

$625,000

Sales Price (Min)

$625,000

$-

$625,000

$159

$-

$159

11

-

11

Sales

Avg $/SF Avg Days On Mkt

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 offer 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.

2017 Q1

2016 Q1

Change

-

1

(1)

$-

$1,150,000

$(1,150,000)

$1,075,000

$1,075,000

$-

Sales Price (Max)

$-

$1,150,000

$(1,150,000)

Sales Price (Min)

$-

$1,150,000

$(1,150,000)

Avg $/SF

$-

$267

$(267)

-

16

(16)

Sales Average Sales Price Median

Avg Days On Mkt

22

i n s i g h t | april 2017

country club hills Set along the Tournament Players Club 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.

2017 Q1

2016 Q1

Change

2

4

(2)

Average Sales Price

$817,000

$818,750

$(1,750)

Median

$797,700

$797,700

$-

Sales Price (Max)

$850,000

$900,000

$(50,000)

Sales Price (Min)

$784,000

$650,000

$134,000

$205

$190

$15

58

59

(1)

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.

2017 Q1

2016 Q1

Change

9

-

9

Average Sales Price

$1,277,111

$-

$1,277,111

Median

$560,000

$560,000

$-

Sales Price (Max)

$6,200,000

$-

$6,200,000

Sales Price (Min)

$500,000

$-

$500,000

$202

$-

$202

115

-

115

Sales

Avg $/SF Avg Days On Mkt

april 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.

2017 Q1

2016 Q1

Change

9

7

2

Average Sales Price

$765,543

$717,143

$48,400

Median

$522,500

$522,500

$-

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

Avg $/SF Avg Days On Mkt

spanish hills A gentle ocean breeze. Spectacular views of the Topa Topa Mountains, surrounding countryside and the Pacific Ocean. A championship golf course ranked with the most highly acclaimed courses in California. A clubhouse and grounds that rival the most celebrated country clubs anywhere in the world.

2017 Q1

2016 Q1

Change

-

4

(4)

$-

$1,372,500

$(1,372,500)

$950,000

$950,000

$-

Sales Price (Max)

$-

$2,100,000

$(2,100,000)

Sales Price (Min)

$-

$990,000

$(990,000)

Avg $/SF

$-

$239

$(239)

-

147

(147)

Sales Average Sales Price Median

Avg Days On Mkt

macdonald highlands 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.

2017 Q1

2016 Q1

Change

5

7

(2)

$976,700

$2,867,857

$(1,891,157)

Median

$1,094,500

$1,094,500

$-

Sales Price (Max)

$1,170,000

$4,000,000

$(2,830,000)

Sales Price (Min)

$840,000

$850,000

$(10,000)

$214

$348

$(134)

41

173

(132)

Sales Average Sales Price

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.

2017 Q1

2016 Q1

Change

19

17

2

Average Sales Price

$764,442

$1,083,824

$(319,382)

Median

$630,000

$630,000

$-

Sales Price (Max)

$2,300,000

$3,350,000

$(1,050,000)

Sales Price (Min)

$390,000

$348,500

$41,500

$206

$242

$(36)

105

93

12

Sales

Avg $/SF Avg Days On Mkt

april 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.

2017 Q1

2016 Q1

Change

12

6

6

Average Sales Price

$1,172,108

$801,583

$370,525

Median

$769,500

$769,500

$-

Sales Price (Max)

$2,575,000

$1,100,000

$1,475,000

Sales Price (Min)

$505,000

$535,000

$(30,000)

$208

$174

$34

95

137

(42)

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.

2017 Q1

2016 Q1

Change

2

2

-

Average Sales Price

$1,067,500

$764,950

$302,550

Median

$750,000

$750,000

$-

Sales Price (Max)

$1,300,000

$815,000

$485,000

Sales Price (Min)

$835,000

$714,900

$120,100

$212

$177

$35

33

67

(34)

Sales

Avg $/SF Avg Days On Mkt

26

i n s i g h t | april 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.

2017 Q1

2016 Q1

Change

1

-

1

$1,050,000

$-

$1,050,000

$942,000

$942,000

$-

Sales Price (Max)

$1,050,000

$-

$1,050,000

Sales Price (Min)

$1,050,000

$-

$1,050,000

$212

$-

$212

128

-

128

Sales Average Sales Price Median

Avg $/SF Avg Days On Mkt

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.

2017 Q1

2016 Q1

Change

16

14

2

Average Sales Price

$564,550

$597,643

$(33,093)

Median

$485,000

$485,000

$-

Sales Price (Max)

$986,900

$1,050,000

$(63,100)

Sales Price (Min)

$300,000

$325,000

$(25,000)

$190

$197

$(7)

78

115

(37)

Sales

Avg $/SF Avg Days On Mkt

april 2017 |

insight

27

JEAN-MICHEL BASQUIAT In the Wings, 1986 To be sold in the Contemporary Art Evening Sale New York 18 May 2016

New York Spring Sales 2017

Art of Africa, Oceania, and the Americas Auction 15 May Impressionist & Modern Art Evening Sale Auction 16 May Impressionist & Modern Art Day Sale Auction 17 May Contemporary Art Evening Sale Auction 18 May Contemporary Art Day Sale Auction 19 May Finest and Rarest Wines Auction 20 May American Art Auction 23 May Latin American Modern & Contemporary Art Evening Sale Auction 25 May

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com/Auctions.

ENQUIRIES +1 212 606 7000 © 2017 ARTISTS RIGHTS SOCIETY (ARS), NEW YORK / ADAGP, PARIS

MASTERPIECES IN THE MAKING

TM

Collection available for purchase at Sotheby’s Diamonds salons and exclusive exhibitions worldwide.

New York +1 212 894 1400 | London +44 20 7293 6430 | Hong Kong +852 2822 8179 | sothebysdiamonds.com SoTHEbY’S, INC. LICENSE No. 1216058. © SoTHEbY’S, INC. 2016

april 2017 |

insight

29

golf course living

Average

Sales Price

Golf Course

Sales

Average

Max

Min

$/SF

DOM

Bear's Best

2

$2,771,750

$3,544,500

$1,999,000

$429

72

Anthem Country Club

3

$1,406,667

$2,300,000

$720,000

$262

143

Red Rock Country Club

12

$1,002,554

$1,375,000

$685,000

$243

77

Rio Secco

1

$1,360,000

$1,360,000

$1,360,000

$228

206

Lake Las Vegas

4

$765,475

$986,900

$450,000

$194

77

MacDonald Highlands

2

$911,750

$950,000

$873,500

$222

43

TPC Summerlin

1

$850,000

$850,000

$850,000

$185

45

TPC Las Vegas

1

$825,000

$825,000

$825,000

$280

24

Southern Highlands

2

$769,500

$809,000

$730,000

$207

194

Canyon Gate Country Club

1

$575,000

$575,000

$575,000

$149

348

Spanish Trail

2

$545,000

$575,000

$515,000

$202

21

Las Vegas Country Club

1

$420,000

$420,000

$420,000

$152

56

Data through 3/31/17

® , 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 o ur 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 | april 2017

3 Anthem Pointe | $7,950,000

april 2017 |

insight

31

selections from the collection

|

2710 palomino lane

$9,500,000 | 12,138 sq ft | 7 beds | 12 baths

32

i n s i g h t | april 2017

702.360.1414

|

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

1321 villa barolo

$3,850,000 | 6,249 sq ft | 5 beds | 6 baths

april 2017 |

insight

33

selections from the collection

|

2 via modena

$3,250,000 | 5,958 sq ft | 4 beds | 4 baths

34

i n s i g h t | april 2017

702.360.1414

|

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

To Co r ese g i n n t a c r ve a @ t G yo u sp i ee na M r unf dv e g ann, or ge as t .co Gr o tabl e m up â&#x20AC;¢ ( Sa g r o up l 70 2) es ev 59 en 2-9 t 27 1 14200 South Las Vegas Boulevard - Las Vegas, Nevada 89054 (702) 874-8888 - speedvegas.com Copyright 2016, SPEEDVEGAS LLC. All rights reserved.

NO LIMITS

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 • 66 COUNTRIES • 880 OFFICES • LOCAL EXPERTS WORLDWIDE 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