Insight Report | Q3 2018

insi gh t Las Vegas 2018 | Third Quarter

Green Valley Office

MacDonald Highlands Office

overview The Las Vegas real estate market is still moving forward at a strong and steady pace.

The highest demand continues to be in the $249K-$500K segment comprising close to 60% of the total sales volume.

Sales volume for single family homes in the luxury segment ($750K+) has been very strong, up almost 30% YTD through the 3rd quarter as compared to the same time last year.

The influx of residents from California, along with those who share higher state tax rates, continues as they seek out our favorable tax climate, cost of living, and quality of life. We also are still seeing lots of interest in second homes and vacation property tied to our professional sports locations by the Las Vegas Strip.

With the three interest rate increases so far this year and another slated for the 4th quarter, we are seeing a slow-down in the velocity of sales in the market, especially in the under $500K segment. This, along with future increases will ultimately have an effect on the leverage Sellers have enjoyed over the

past several years. As buyer’s purchasing power diminishes the increase in pricing will slow down and begin to flatten out over time.

The master planned community of Summerlin is having great success with their newest villages Stonebridge and Reverence. The new stadium complex for our semi-pro baseball team in the heart of Downtown Summerlin is now well underway. The quality of life in this community just keeps getting better.

On the east side of the Valley, MacDonald Highlands is having tremendous success in the luxury custom home market with an expansion providing additional custom lot opportunity with magnificent Strip V iews.

Lake Las Vegas is poised to make a big splash in the coming months with custom home lots and development in this world-class resort community.

As always, if you are looking to buy or sell, please let one of our experience agents assist you in navigating our real estate market and help you make the best deal possible.

We looking forward to being of service.

Summerlin Office

table of contents

2 overview

16 communities

6

globally connected

30

golf course living

8

by the numbers

32

top selections

13

news + notes

third quarter 2018 |

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

las vegas born | globally connected

6

960

22,000

1/3

28.1M

Offices Worldwide

Associates Worldwide

Offices outside the United States

Page Views in Q2 2018

108B

$

Total worldwide Sale 2017

65% 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 | third quarter 2018

significant sales

10225 Deer Springs Way: $4,000,000

40 Via Tiberius: $2,800,000

651 Palisade Rim: $3,250,000

top 10 sales in Q3 2018 $6.5M $4.0M $3.9M $3.8M $3.8M

5198 SCENIC RIDGE 50 MORNING GLOW 1546 VILLA RICA 32 QUIET MOON 32 PAINTED FEATHER

$3.7M $3.2M $3.1M $3.0M $3.0M

27 MEADOWHAWK 36 WILDWING 68 WILDWING 8 RUE MEDITERRA 36 OLYMPIA CANYON

third quarter 2018 |

insight

7

by the numbers Single family homes

*

Luxury is $750,000 and up

**

1353 Dilevante: $6,750,000 6 Beds | 9 Baths | 11,718 Sq Ft

LUXURY SINGLE FAMILY HOMES** Distribution of Sales by Location

North

North West

South

South West

North North West South West East

East

Henderson

South Henderson

Distribution of Sales by Price

$750K-$1M

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

$1M-$1.49M

$1.5M-$1.99M

$1M - $1.49M >$5M

$2M-$4.99M

>$5M

$1.5M - $1.99M

NUMBER OF PROPERTIES SOLD ABOVE, EQUAL TO OR BELOW 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%

Equal

60%

70%

80%

90%

100%

70%

80%

90%

100%

Below

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%

30-90

40%

50%

90-120

60%

120-180

180+

ALL SINGLE FAMILY HOMES* Distribution of Sales by Sales Price

<$100K

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

$100K-$250K

Distribution of Sales by Location

North

>$5M

North West

South

South West

North North West South West East

East

Henderson

South Henderson

third quarter 2018 |

insight

9

by the numbers | days on market report DAYS ON MARKET Single Family Homes Month

<30

30-90

90-120

120-180

180+

Grand Total

<30 (%)

January

1,284

639

104

99

60

2,186

59%

February

1,302

530

97

78

50

2,057

63%

March

2,135

572

150

134

66

3,057

70%

April

2,045

519

82

80

63

2,789

73%

May

2,240

591

70

82

50

3,033

74%

June

2,347

643

61

62

44

3,157

74%

July

2,309

611

68

44

45

3,077

75%

August

2,148

664

86

57

36

2,991

72%

September

1,652

569

70

49

23

2,363

70%

Grand Total

Price Range <$100K

17,462

5,338

<30

788

30-90

685

90-120

37

120-180 1

9

437

24,710

71%

180+

Grand Total

<30 (%)

47

79% 79%

$100K-$249K

5,655

116

61

1,161

160

7,153

$250K-$499K

10,726

367

203

3,418

456

15,170

71%

$500K-$749K

792

129

93

533

115

1,662

48%

$750K-$999K

152

27

27

104

36

346

44%

$1mm-$1.49mm

61

28

30

66

9

194

31%

$1.5mm-$1.99mm

22

9

7

25

2

65

34%

$2mm-$4.99mm

16

8

13

20

9

66

24%

1

1

2

2

1

7

14%

>$5mm Grand Total

17,462

685

437

5,338

788

24,710

71%

$6.5M

3

89135

34.5m

114

sale in Q3 2018

offices in southern Nevada

over $750,000

search views

homes

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

22% of all sales over $750,000 were within 89135. The runner up was 89052 with 11%.

Sotheby’s Int’l Realty marketing produced 34.5 million property views in Q2 2018.

There were 101 homes over $1,000,000 sold in Southern Nevada in Q3 2018.

26 of which were over $2,000,000.

$6,500,000 is the highest priced home to sell in the third Quarter of 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

Brand Heritage Recognized worldwide, the prestige of the Sotheby’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. Sotheby’s International Realty inherited the iconic brand name, building on its legacy by delivering unrivaled real estate services.

SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC

THE DISTINCTION

news + notes

Upcoming Auctions COLLECTIONS AND CURIOSITIES 18 OCTOBER 2018 | 10:00 AM EDT | NEW YORK The October decorative arts offering brings together unique and curious pieces, to move beyond “Grandmother’s antiques”. Monumental centerpieces and a menagerie of animals, a world of small figures and various... read entire story at sothebys.com

MODERN & CONTEMPORARY AFRICAN ART 16 OCTOBER 2018 | 2:00 PM BST | LONDON This October, Sotheby’s Modern and Contemporary African Art is pleased to present a selection of exceptional works from across the African continent.

The season’s sale will feature standout pieces by leading artist in this category, including Cheri Samba, Bodys Isek Kingelez, Ouattara Watts, El Anatsui, Marlene Dumas, David Goldblatt and Pascale Marthine Tayou. read entire story at sothebys.com

RM SOTHEBY’S: THE PORSCHE 70TH ANNIVERSARY SALE 27 OCTOBER 2018 | 1:00 PM EDT | ATLANTA RM Sotheby’s, in collaboration with the Porsche Experience Center Atlanta, is delighted to announce The Porsche 70th Anniversary Sale, an exclusive, single-marque auction to be held at the ground-breaking home of Porsche Cars North America (PCNA) in Atlanta. Set for the weekend of 27 October, the sale shortly follows official U.S. 70th anniversary celebrations taking place as part of Porsche Rennsport Reunion VI and will feature approximately 70 of the world’s most important and most sought-after collectible Porsche models, spanning the marque’s illustrious 70-year history as a sports car manufacturer. read entire story at sothebys.com third quarter 2018 |

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13

news + notes

The Spectacular Art of Neapolitan ‘Pietre Dure’

BY ADÈLE BOURBONNE | OCT 15, 2018

set in stone - collections - tables A South Italian mother-of-pearl, rock crystal, aventurine, marble and pietre dure inlaid top late 17th century, Naples, circle of Cosimo Fanzago. Estimate £50,000–70,000.

By the 17th century the technique had spread from Florence and Rome to Naples, the largest and most important city in Southern Italy. Naples is sometimes overlooked as a centre for pietra dura manufacture, however, a proliferation of ecclesiastical commissions in the 17th century and the opening of the Real Laboratorio delle Pietre Dure by Charles VII (King of Naples and later Charles III of Spain) in 1737 has helped establish Naples as a major force.

The technique is extremely labour intensive. The first stage in preparing a panel would have been to make a full-size working drawing. Paper cut-outs, traced from drawings, were then glued to carefully selected veneers of stone. The stone pieces were placed in a vice and laboriously cut with a bow-saw, before being fixed to a slate ground and finally being rubbed smooth with fine abrasives creating the finished polished surface.

Anything from abstract patterns to detailed depictions of flora and fauna were brought to life from stone. read entire story at sothebys.com

David Teiger’s Passionate Pursuit of the Avant-Garde

BY SARAH THORNTON | OCT 12, 2018 David Teiger understood complex ecosystems like the art world. “My goal is to acquire works that great museums letch after,” he told me when I was researching my book, Seven Days in the Art World. A successful management consultant, he had an instinctive grip on the psychologies of the players and knew how to position himself first in line to buy coveted works. Never much concerned about the opinions of his fellow collectors, he relished wellinformed tête-a-têtes with curators, writers and dealers. Given Teiger’s love not only for art but for the people who worked with it, I’m glad that the proceeds from the Sotheby’s sales of his collection will go to a foundation that supports art professionals rather than art objects per se.

Teiger-deKooning.jpg Willem de Kooning, Untitled , 1987. © 2018 The Willem de Kooning Foundation / Artists Rights Society (ARS), New York.

“Collecting was a competitive sport for David,” says Tim Blum of Blum & Poe, a gallery for whom Teiger was an important client. “He would research and strategise. He always had his notebook with him. He was very precise.” Teiger was an early adopter of Takashi Murakami, acquiring many pieces, at least two of them masterful: 727, 1996, which he gifted to MoMA New York, and And Then, and Then, and Then, and Then, and Then (Red), 1996–97, which is in Sotheby’s New York Evening Sale this November. Appearing to depict a manic... read entire story at sothebys.com 14

i n s i g h t | third quarter 2018

news + notes

Discoveries: Three Iconic Examples of Italian Design

by Mark Stephen | Oct 12, 2018 Sotheby’s Design sale on the 16 October includes three iconic pieces of furniture from the celebrated designer Gabriella Crespi. Milan and Rome in the 1970’s were at the forefront of Design and fashion and Gabriella Crespi one of their brightest stars.

The three pieces from the Plurimi series, purchased circa 1979 straight from the gallery have been with the same family ever since. The two tables are metamorphic with sliding elliptical tops and all characterised by a clean curved line and polished brass, giving them a futuristic space-age look. read entire story at sothebys.com

Latest Banksy Artwork ‘Love is in the Bin’ Created Live at Auction

BY SOTHEBY’S | OCT 11, 2018 As the final hammer fell in the Contemporary Art Evening Auction at Sotheby’s last week, history was made: it marked the first time a piece of live performance art had been sold at auction. As the packed saleroom looked on, the final lot of the sale — Banksy’s Girl with Balloon — was in the midst of an intense bidding battle from buyers in the room and on the phones, but what was to follow has dominated headlines the world over, taking the art world by storm and prompting speculation and debate. Seconds after the hammer fell, part of the canvas passed through a hidden shredder, and in the process of ‘destroying’ the artwork, a new one was created.

In a 2017 poll of UK arts writers to discover the nation’s favourite art work, Banksy’s Balloon Girl came out at number one. The painting was housed in an ‘artist’s frame’, a large, heavy, Victorian-style frame of the kind often used by Banksy to poke fun at the establishment. He has previously pulled stunts in the some of the world’s most respected museums and galleries such as the Louvre, Tate Britain... read entire story at sothebys.com third quarter 2018 |

insight

15

communities

24 Via Tiberius | 5,880,000

16

i n s i g h t | third quarter 2018

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.

third quarter 2018 |

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 Q3

2017 Q3

Change

46

41

5

Sales Price (Max)

8,900,000

5,500,000

3,400,000

Average Sales Price

2,609,185

2,418,727

190,458

Sales Price (Min)

1,075,000

995,000

80,000

443

406

37

75

104

(29)

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 Q3

2017 Q3

Change

73

79

-6

Sales Price (Max)

3,780,000

2,100,000

1,680,000

Average Sales Price

1,105,203

951,513

153,690

Sales Price (Min)

540,000

505,000

35,000

AVG $/SF

276

252

24

AVG Days on Mkt

64

71

(7)

Sales

18

i n s i g h t | third quarter 2018

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 Q3

2017 Q3

Change

5

7

-2

Sales Price (Max)

2,375,000

2,499,900

(124,900)

Average Sales Price

1,845,000

2,064,271

(219,271)

Sales Price (Min)

1,300,000

1,475,000

(175,000)

AVG $/SF

281

337

(56)

AVG Days on Mkt

144

91

53

Sales

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 Q3

2017 Q3

Change

7

13

-6

Sales Price (Max)

1,885,000

1,860,000

25,000

Average Sales Price

1,380,071

1,267,563

112,508

Sales Price (Min)

950,000

865,000

85,000

AVG $/SF

245

270

(25)

AVG Days on Mkt

85

61

24

Sales

third quarter 2018 |

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 Q3

2017 Q3

Change

6

11

-5

Sales Price (Max)

2,325,000

1,149,900

1,175,100

Average Sales Price

1,697,483

1,527,082

170,401

Sales Price (Min)

1,189,900

850,000

339,900

AVG $/SF

317

271

46

AVG Days on Mkt

59

121

(62)

Sales

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 Q3

2017 Q3

Change

4

2

2

Sales Price (Max)

4,100,000

1,700,000

2,400,000

Average Sales Price

2,303,750

1,332,250

971,500

Sales Price (Min)

1,500,000

964,500

535,500

AVG $/SF

281

226

55

AVG Days on Mkt

74

85

(11)

Sales

20

i n s i g h t | third quarter 2018

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 Q3

2017 Q3

Change

3

7

-4

Sales Price (Max)

2,400,000

2,625,000

(225,000)

Average Sales Price

2,075,000 *

1,861,429

213,571

Sales Price (Min)

1,825,000

1,300,000

525,000

244

292

(48)

32

147

(115)

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 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 Q3

2017 Q3

Change

5

8

-3

Sales Price (Max)

1,565,000

1,426,000

139,000

Average Sales Price

1,238,540

1,107,813

130,727

Sales Price (Min)

830,000

750,000

80,000

230

206

24

35

159

(124)

Sales

AVG $/SF AVG Days on Mkt

third quarter 2018 |

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 Q3

2017 Q3

Change

7

1

6

Sales Price (Max)

980,000

320,000

660,000

Average Sales Price

867,857

320,000

547,857

Sales Price (Min)

775,000

320,000

455,000

AVG $/SF

232

141

91

AVG Days on Mkt

59

3

56

Sales

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.

2018 Q3

2017 Q3

Change

6

3

3

Sales Price (Max)

2,345,000

1,417,500

927,500

Average Sales Price

1,591,667

1,351,667

240,000

Sales Price (Min)

1,280,000

1,262,500

17,500

AVG $/SF

316

274

42

AVG Days on Mkt

47

35

12

Sales

22

i n s i g h t | third quarter 2018

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 Q3

2017 Q3

Change

6

8

-2

Sales Price (Max)

1,125,000

1,400,000

(275,000)

Average Sales Price

960,333

929,250

31,083

Sales Price (Min)

839,998

575,000

264,998

229

220

9

55

67

(12)

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.

2018 Q3

2017 Q3

Change

38

27

11

2,500,000

6,200,000

(3,700,000)

Average Sales Price

739,897

901,222

(161,325)

Sales Price (Min)

360,000

390,000

(30,000)

AVG $/SF

197

197

-

AVG Days on Mkt

64

72

(8)

Sales Sales Price (Max)

third quarter 2018 |

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 Q3

2017 Q3

Change

30

29

1

1,800,000

2,000,000

(200,000)

Average Sales Price

765,480

759,700

5,780

Sales Price (Min)

366,000

355,000

11,000

AVG $/SF

217

200

17

AVG Days on Mkt

82

107

(25)

Sales Sales Price (Max)

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 Q3

2017 Q3

Change

104

77

27

7,250,000

3,600,000

3,650,000

Average Sales Price

977,038

1,005,468

(28,430)

Sales Price (Min)

500,000

515,000

(15,000)

206

198

8

67

113

(46)

Sales Sales Price (Max)

AVG $/SF AVG Days on Mkt

24

i n s i g h t | third quarter 2018

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 Q3

2017 Q3

Change

29

28

1

Sales Price (Max)

7,750,000

5,500,000

2,250,000

Average Sales Price

1,697,306

1,410,714

286,592

Sales Price (Min)

675,000

705,000

(30,000)

AVG $/SF

310

246

64

AVG Days on Mkt

92

79

13

Sales

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 Q3

2017 Q3

Change

78

55

23

2,255,000

2,450,000

(195,000)

Average Sales Price

884,917

874,946

9,971

Sales Price (Min)

390,990

510,000

(119,010)

AVG $/SF

247

226

21

AVG Days on Mkt

58

85

(27)

Sales Sales Price (Max)

third quarter 2018 |

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 Q3

2017 Q3

Change

39

42

-3

3,950,000

3,700,000

250,000

Average Sales Price

1,120,182

1,141,910

(21,728)

Sales Price (Min)

515,000

501,990

13,010

AVG $/SF

211

216

(5)

AVG Days on Mkt

72

56

16

Sales Sales Price (Max)

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 Q3

2017 Q3

Change

8

2

6

Sales Price (Max)

1,800,000

1,300,000

500,000

Average Sales Price

1,075,625

1,067,500

8,125

Sales Price (Min)

645,000

835,000

(190,000)

AVG $/SF

189

212

(23)

AVG Days on Mkt

61

33

28

Sales

26

i n s i g h t | third quarter 2018

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 Q3

2017 Q3

Change

5

5

0

Sales Price (Max)

1,300,000

1,100,000

200,000

Average Sales Price

1,062,000

929,000

133,000

775,000

625,000

150,000

AVG $/SF

212

210

2

AVG Days on Mkt

96

87

9

Sales

Sales Price (Min)

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 Q3

2017 Q3

Change

82

66

16

3,050,000

1,475,000

1,575,000

Average Sales Price

670,527

631,510

39,017

Sales Price (Min)

210,000

245,000

(35,000)

209

199

10

98

90

8

Sales Sales Price (Max)

AVG $/SF AVG Days on Mkt

third quarter 2018 |

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

golf course living

Average

Sales Price Golf Course

Sales

Highest

Average

Lowest

$/SF

DOM

Anthem Country Club

15

$2,255,000

$1,174,466

$390,990

$284

88

Bear's Best

6

$8,900,000

$3,740,955

$1,600,000

$478

136

Canyon Gate Country Club

11

$1,800,000

$1,050,361

$460,000

$243

55

Dragonridge Country Club

2

$2,400,000

$2,400,000

$1,078,888

$264

84

Las Vegas Country Club

6

$1,050,000

$532,583

$345,000

$205

26

Red Rock Country Club

25

$3,780,000

$1,241,460

$729,990

$293

67

Rio Secco

6

$3,950,000

$2,118,333

$665,000

$203

104

Siena

28

$875,000

$589,067

$399,000

$246

102

Southern Highlands

3

$7,250,000

$3,083,333

$950,000

$356

129

Southshore

2

$3,050,000

$2,025,000

$1,000,000

$204

130

Spanish Trail

13

$1,450,000

$777,278

$415,000

$199

70

TPC Las Vegas

3

$2,145,000

$1,451,667

$810,000

$312

79

TPC Summerlin

4

$13,000,000

$3,787,500

$435,000

$415

130

Data through 9/30/18

®, 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 | third quarter 2018

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

third quarter 2018 |

insight

31

selections from the collection

|

591 lairmont

$5,500,000 | 10,018 sq ft | 6 beds | 7 baths

32

i n s i g h t | third quarter 2018

702.360.1414

|

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

10225 west deer springs

$4,000,000 |6,534 sq ft | 7 beds | 6 baths

third quarter 2018 |

insight

33

selections from the collection

|

40 via tiberius

$2,800,000 | 6,605 sq ft | 5 beds | 6 baths

34

i n s i g h t | third quarter 2018

702.360.1414

|

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

destinations With more than 22,000 associates in 960 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.

Greenwich, Connecticut

Mallorca, Spain

Turtle Tail, Turks & Caicos

6 Beds | 9 Baths $5,295,000 | ID: 44PXLD

5 Beds | 4 Baths $5,724,529 | ID: W2F9SX

4 Beds | 5 Baths $6,000,000 | ID: 8BJTF4

Dublin, Ohio

Hunts Point, Washington

Aspen, Colorado

4 Beds | 9 Baths $6,000,000 | ID: M4EQ9S

3 Beds | 4 Baths $5,600,000 | ID: 43SQZ6

4 Beds | 5 Baths $5,399,000 | ID: JCBVS3

Other Smiths, Bermuda

Dubai, UAE

Scottsdale, Arizona

5 Beds | 6 Baths $5,995,000 | ID: 7EWHJN

5 Beds | 5 Baths $5,990,469 | ID: R2VGZV

5 Beds | 6 Baths $4,000,000 | ID: FXB84TY

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 • 960 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