Insight Report | 2018 Year in Review | Q4 2018

insi gh t Las Vegas 2018 | Year in Review

Summerlin Office

MacDonald Highlands Office

overview Las Vegas real estate continues to see growth and the future is promising!

Our market continued to show strong demand, outpacing supply through the first three quarters of the year and especially at price points below $500K. Across the board, we saw another year of steady price appreciation The highest demand continues to be seen in the sub $500,000 market, where if you go below $300,000 it was common to have multiple offers. In fact, almost 80% of the homes coming to market in this segment went to contract in under 30 days.

While the lower end saw a continued demand, the upper tier was not far behind. With 875 single family home transactions in the luxury ($750k+) segment, we came close to doubling our sales volume over the same time last year and the time on market has gone down on average almost 15%.

The influx of residents from California, as well as those in the higher taxed states continues, most of whom are attracted to the strong benefits of our favorable tax climate, cost of living and quality of life are the primary drivers of our market. We continue to draw large numbers of people that like to call Las Vegas their second home as well as investors looking to capitalize on the strong rental market.

Summerlin remains one of the top selling areas with active new home communities including The Cliffs, The Paseos, The Ridges, Stonebridge and Reverence. The luxury communities significantly increased sales activity 2

i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

over 2018. Summerlin marked the first half of 2018 with strong new home sales, topping last year’s year-overyear by 58%. Summerlin continues to rank at the top of the master planned communities throughout the United States and with our new baseball stadium and being named top 4 master planned community in the US we expect that demand to continue.

To the east, MacDonald Highlands continues to set sales records. Nestled in the McCullough mountains and anchored by the Dragonridge Country Club, these custom homes and lots are in great demand. Lake Las Vegas is seeing a renaissance with numerous new developments underway and expanding the offerings of this lakeside master-planned community.

The Las Vegas Strip corridor continues to evolve with the construction of the new Resorts World project and The Drew resort and casino along with the expansion of the Las Vegas Convention Center. The Park just outside of T-Mobile Arena is home to new shops and restaurants including the long-awaited Eataly.

When it comes to sports, Las Vegas continues to be all in!

Our community is in great support of our Vegas Golden Knights as can be seen at any home game at the T-Mobile Arena. The new Las Vegas Raiders stadium has gone vertical and we eagerly await their arrival in 2020!

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

We look forward to being of service.

Lake Las Vegas Office

Green Valley 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

2 0 1 8 Ye a r i n R e v i e w |

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.

PUBLISHER

Gene Northup MANAGING BROKER

Don Kuhl BROKER MANAGER

Brittany Northup MANAGER

Kyle Northup

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.

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.

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.

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

702.360.1414 | insight@synergysir.com

VIEW MORE PROPERTIES:

www.synergysir.com

ÂŽ

Media Partnerships We partner with leading media powerhouses to deliver content to discerning audiences worldwide. Our partners' cutting-edge innovation, strategic positioning, and international impact enable the Sotheby’s International Realty brand to successfully connect with a global clientele.

las vegas born | globally connected

970

22,000

1/3

118M

Offices Worldwide

Associates Worldwide

Offices outside the United States

Page views in 2018

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.

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. Our network of real estate professionals apply their local market knowledge to create a

6

i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

108B

$

Total worldwide Sale 2017

66% International Visitors

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.

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

significant sales

3 Anthem Pointe: $6,400,000 | Represented both Buyer & Seller

9801 Moon Valley: $3,000,000 | Represented Seller

671 Palisade Rim: $2,700,000 | Represented Seller

top 10 sales 2018 $13M $10M $8.9M $8.5M

1717 ENCLAVE

$7.7M

731 DRAGON RIDGE

9504 KINGS GATE 45 PAINTED FEATHER 5990 W PATRICK

$7.2M $7M $6.5M $6.4M $5.2M

27 EAGLES LANDING 7 SABLE RIDGE 5198 SCENIC RIDGE 3 ANTHEM POINTE 3 CLOUD CHASER

2 0 1 8 Ye a r i n R e v i e w |

insight

7

by the numbers Single family homes

*

Luxury is $750,000 and up

**

10 Rue Promenade

LUXURY SINGLE FAMILY HOMES** Distribution of Sales by Location

North North West South West East

South Henderson

Distribution of Sales by Price

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

$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-$1M $1M-$1.49M $1.5M-$1.99M $2M-$4.99M >$5M 0%

20%

40%

60%

80%

100%

60%

80%

100%

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%

20%

40%

ALL SINGLE FAMILY HOMES* Distribution of Sales by Sales Price

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

Distribution of Sales by Location

North North West South West East

South Henderson

by the numbers | days on market report

DAYS ON MARKET Single Family Homes Month

<30

30-59

60-89

90-119

120-149

150-180

>180

Grand Total

<30 (%)

January

1,173

386

220

102

62

34

62

2,039

58%

February

1,327

364

191

101

58

31

58

2,130

62%

March

3,288

599

304

234

142

84

122

4,773

69%

April

2,083

398

145

91

48

46

68

2,879

72%

May

2,296

438

183

74

49

44

60

3,144

73%

June

2,408

490

174

69

35

35

56

3,267

74%

July

2,357

470

171

79

36

17

58

3,188

74%

August

2,185

511

185

101

44

23

43

3,092

71%

September

1,688

412

180

75

40

15

26

2,436

69%

October

1,737

561

219

80

44

19

31

2,691

65%

November

1,357

524

235

82

36

27

37

2,298

59%

December

1155

541

224

113

52

23

37

2145

54%

Grand Total

23,056

Row Labels <$100K

5,694

<30

2,431

30-59

1,201

60-89

646

90-119

398

120-149

150-180

658

34,084

68%

>180

Grand Total

<30 (%)

70

25

10

5

3

3

23

139

50%

$100K-$249K

7,312

1,320

489

236

124

52

107

9,640

76%

$250K-$499K

14,269

3,730

1,543

706

356

218

291

21,113

68%

$500K-$749K

1,066

439

267

167

100

78

124

2,241

48%

$750K-$999K

201

91

61

55

23

21

44

496

41%

$1mm-$1.49mm

84

56

34

18

23

15

38

268

31%

$1.5mm-$1.99mm

30

18

13

2

7

3

9

82

37%

$2mm-$4.99mm

21

15

13

11

7

8

17

92

23%

1

1

3

5

13

23%

>$5mm Grand Total

3 23,056

5,694

2,431

1,201

646

398

658

34,084

68%

$13M

4

89135

48.8m

428

sale in 2018

offices in southern Nevada

over $750,000

search views

homes

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 12%.

Sotheby’s Int’l Realty marketing produced 48.8 million property views in 2018.

There were 428 homes over $1,000,000 sold in Southern Nevada in 2018. 98 of which were over $2,000,000.

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

With 4 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

Community & Lifestyle THE VILLAGE AT LAKE LAS VEGAS IS BECOMING THE NEW HOT SPOT FOR LOCAL SMOOTH JAZZ.

BY ISAAC F. MOORE, BROKER ASSOCIATE

Officially opened in May of 2018, Vino Del Lago is an intimate venue that hosts some of the valley’s top local musicians while serving a wide-selection of wines and spirits. Kenneth and Teri Hutchison are the creators and owners. “Vino Del Lago is the brain child of three of our passions; listening to live smooth jazz, enjoying a glass of fine wine, and entertaining old and new friends.”

According to Ken, the former Air Force bomber pilot; “We developed these passions during our early days of dating in Valencia, California and attending winetasting events along the California coast.” It was during this period that the Hutchison’s developed their dream of one day opening their very own wine lounge. According to Teri, the former corporate retirement plans consultant, “After moving to Lake Las Vegas in 2014, we saw so much potential for a unique social experience just a 25-minute drive from the Las Vegas strip. We also met so many local musicians who live here in the greater Las Vegas community and realized that many of these artists love to perform when they are home between road tours and local engagements. Saxman Vince Preister, guitarist Michael Anthony Henegan, and songstress Serena Henry are just a few of the exceptional entertainers who regularly perform at Vino Del Lago.

The Hutchison’s vision for Vino Del Lago was to offer great wines from various regions of the world. “We look for boutique wineries that may not be offered on a grand scale. Our unique wine dispensing machines allow customers to sample a wide selection of wines without committing to a full glass or bottle.

These machines were specially designed and imported from Italy for Vino Del Lago.

Vino Del Lago is open Wednesday through Sunday evenings, and features world-class local artists on Thursday through Sunday evenings.

Another outgrowth of the success of this wonderful cultural gathering place is Ken and Teri’s creation of the first annual Vino Del Lago Jazz Festival that will be hosted at Lake Las Vegas on May 25th of this year. This event will feature top smooth jazz stars such as Ronny Laws and Steve Oliver.

So, if you are looking for a quaint spot where you can experience awesome live music, enjoy exotic wines, and meet interesting people away from the Las Vegas city lights, then you must stop by and check out Vino Del Lago!

You may find more specific information on guest artists appearances and times at facebook.com/LLVWine/

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news + notes

Upcoming Auctions THE FINE ART SOCIETY: 142 YEARS ON NEW BOND STREET 05 FEBRUARY 2019 | 10:30 AM GMT | LONDON After 142 years on New Bond Street, one of London’s oldest commercial art galleries, The Fine Art Society, is to offer a selection of works which both encapsulate and celebrate their history on Bond Street. ...read entire story at sothebys.com

19TH CENTURY EUROPEAN ART 01 FEBRUARY 2019 | 10:00 AM EST | NEW YORK Building on Sotheby’s market-leading success in the European Art field over the past decade, we are excited to present our 19th Century European Art sale in conjunction with our yearly Master Paintings week.

The sale reflects the rich diversity of artistic production of the period with many works recently rediscovered. read entire story at sothebys.com

RM SOTHEBY’S: PARIS 06 FEBRUARY 2019 | TBD | PARIS RM Sotheby’s kicks off its 2019 European calendar in spectacular fashion with A RETURN TO PARIS, 6 February, for its sixth annual sale during the world-famous Rétromobile show week. Held at the historic Place Vauban in the city’s centre, the stunning grounds offer the perfect setting to present the finest sports, racing, and touring cars from both pre- and post-war periods. read entire story at sothebys.com

2 0 1 8 Ye a r i n R e v i e w |

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news + notes

Stylish Works of Modernist Design at the Fine Art Society

BY SOTHEBY’S | JAN 21, 2019 Towards the second half of the 19th century and into the early 20th century, two forwardthinking British designers Edward William Godwin and Charles Rennie Mackintosh began to move away from heavy and overtly elaborate forms, choosing instead to reduce materials and highlight the linear and structural qualities in their designs. The Fine Art Society has long championed both designers whose work graced its New Bond Street rooms over the years.

Below are three highlights from this unique period in the history of Design.

Inspired by a stool depicted on the East Frieze of the Parthenon Marbles in the British Museum, Godwin designed a chair that retained only its essential elements, minimising extraneous ornamentation and enhancing the structural qualities of the chair. A slightly later version, this chair was produced in the same style however its maker chose unique materials including rush for the seat. This is the only known example of a chair produced in the manner of Godwin in this format.

This is the only known seven-legged example of Edward William Godwin’s eight-legged design for furniture manufacturer William Watt. Utilising a minimum of material, the overall form is extremely modern and perfectly encapsulates the Japonism style popular at the time of its execution. Susan Weber Soros, renowned expert on Godwin states ‘Its lack of extraneous ornament, proto-modernist form and overall decorative qualities come purely from the interplay of its minimal and refined structural elements.’ 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 well-informed 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... read entire story at sothebys.com

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i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

news + notes

New Models, Trends and More Luxury Watch News from Geneva

BY SIMON DE BURTON | JAN 18, 2019 The number of high-end watch shows taking place around the world has burgeoned during the past decade, but one still stands head and shoulders above the rest as being the most prestigious and probably the most important – despite not being the biggest.

The Salon International de la Haute Horlogerie (better known simply as SIHH), a four-day horological summit, was founded in 1991 when Cartier decided it no longer wished to be involved with the larger, less intimate Basel Watch Fair that was established in 1917. The inaugural SIHH featured only Cartier, Richemont-owned stablemates Baume & Mercier and Piaget and guest manufacturers Gerald Genta and Daniel Roth. read entire story at sothebys.com

A Unique Work by Schiele Comes to Auction for the First Time

BY SOTHEBY’S | JAN 18, 2019 gon Schiele’s untimely death at the age of 28 cut short an artistic career of exceptional promise. In the wake of a series of exhibitions marking the centenary of his death, Sotheby’s is set to celebrate Schiele’s extraordinary power this February when a fascinating work by the Austrian artist comes to auction for the first time.

Painted in 1912, Triestiner Fischerboot (Trieste Fishing Boat) holds a unique position in Schiele’s oeuvre and was created in the aftermath of one of the most tumultuous and life-changing experiences for the artist. Recently released from brief imprisonment in Neulengbach in Austria, and rejected by the local community there, Schiele visited Trieste in 1912, driven by a desire to escape the grim memories of his recent past, and relive fond memories of earlier visits shared with his beloved sister Gerti in 1907 and 1908.

It also unleashed a spate of radical new artistic expression. In a year of iconoclastic developments across Europe that forever altered the direction of twentieth-century art, from Cubism, Orphism and Futurism to Expressionism, Schiele sought to explore in oil a thoroughly modernist treatment of colour, surface, pattern, texture and form... read entire story at sothebys.com 2 0 1 8 Ye a r i n R e v i e w |

insight

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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

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

2018

Change

62

59

(3)

$5,500,000

$8,900,000

$3,400,000

Average Sales Price

$2,417,291

$2,650,104

$232,813

Sales Price (Min)

$845,000

$1,075,000

$230,000

$407

$453

$46

100

90

(10)

Sales Sales Price (Max)

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

2018

Change

98

86

(12)

$2,380,000

$3,780,000

$1,400,000

Average Sales Price

$975,318

$1,134,645

$159,326

Sales Price (Min)

$505,000

$540,000

$35,000

$259

$287

$28

74

63

(10)

Sales Sales Price (Max)

AVG $/SF AVG Days on Mkt

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i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

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

2018

Change

6

6

-

Sales Price (Max)

$2,499,900

$2,375,000

$(124,900)

Average Sales Price

$1,974,983

$1,868,981

$(106,002)

Sales Price (Min)

$1,475,000

$1,300,000

$(175,000)

$298

$293

$(5)

115

174

59

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.

2017

2018

Change

14

7

(7)

Sales Price (Max)

$1,860,000

$1,885,000

$25,000

Average Sales Price

$1,296,130

$1,380,071

$83,942

Sales Price (Min)

$865,000

$950,000

$85,000

$271

$245

$(26)

61

85

24

Sales

AVG $/SF AVG Days on Mkt

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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

2018

Change

8

3

(5)

Sales Price (Max)

$2,249,900

$2,325,000

$75,100

Average Sales Price

$1,512,488

$2,123,333

$610,846

Sales Price (Min)

$975,000

$1,900,000

$925,000

$285

$329

$44

79

72

(7)

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

2018

Change

5

4

(1)

Sales Price (Max)

$1,700,000

$4,100,000

$2,400,000

Average Sales Price

$1,242,900

$2,256,250

$1,013,350

$964,500

$1,500,000

$535,500

$288

$272

$(16)

48

74

26

Sales

Sales Price (Min) AVG $/SF AVG Days on Mkt

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i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

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 guard-gated entrance and takes residence on a path of unmatched possibilities.

2017

2018

Change

8

3

(5)

Sales Price (Max)

$2,625,000

$2,400,000

$(225,000)

Average Sales Price

$1,856,875 *

$2,075,000

$218,125

Sales Price (Min)

$1,300,000

$1,825,000

$525,000

$299

$257

$(41)

131

32

(99)

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.

2017

2018

Change

15

10

(5)

Sales Price (Max)

$2,200,000

$2,100,000

$(100,000)

Average Sales Price

$1,243,700

$1,315,690

$71,990

Sales Price (Min)

$750,000

$830,000

$80,000

$231

$266

$36

142

63

(80)

Sales

AVG $/SF AVG Days on Mkt

2 0 1 8 Ye a r i n R e v i e w |

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

2017

2018

Change

5

10

5

$1,388,000

$1,100,000

$(288,000)

Average Sales Price

$980,600

$889,490

$(91,110)

Sales Price (Min)

$625,000

$775,000

$150,000

$237

$237

$(1)

67

48

(19)

Sales Sales Price (Max)

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

2018

Change

3

7

4

Sales Price (Max)

$1,417,500

$2,345,000

$927,500

Average Sales Price

$1,351,667

$1,525,000

$173,333

Sales Price (Min)

$1,262,500

$1,125,000

$(137,500)

$274

$312

$38

35

47

12

Sales

AVG $/SF AVG Days on Mkt

22

i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

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.

2017

2018

Change

10

11

1

$1,400,000

$13,000,000

$11,600,000

Average Sales Price

$928,300

$2,058,182

$1,129,882

Sales Price (Min)

$575,000

$823,000

$248,000

$221

$300

$79

66

76

11

Sales Sales Price (Max)

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

2018

Change

56

54

(2)

$6,500,000

$10,000,000

$3,500,000

Average Sales Price

$809,666

$929,881

$120,216

Sales Price (Min)

$305,000

$345,000

$40,000

$181

$217

$36

64

65

1

Sales Sales Price (Max)

AVG $/SF AVG Days on Mkt

2 0 1 8 Ye a r i n R e v i e w |

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. Well-groomed fairways and greens keep Canyon Gate Country Club difficult yet friendly, and the staff can offer tips and tricks for playing your best round. Canyon Gate Country Club is a terrific choice for your regular rounds of golf or a new destination for you and friends when visiting Las Vegas.

2017

2018

Change

25

37

12

$2,000,000

$2,099,900

$99,900

Average Sales Price

$886,876

$840,860

$(46,015)

Sales Price (Min)

$355,000

$390,000

$35,000

$208

$215

$7

143

88

(56)

Sales Sales Price (Max)

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.

2017

2018

Change

49

36

(13)

Sales Price (Max)

$6,000,000

$7,250,000

$1,250,000

Average Sales Price

$1,490,720

$1,399,300

$(91,420)

Sales Price (Min)

$450,000

$525,000

$75,000

$261

$264

$4

130

96

(34)

Sales

AVG $/SF AVG Days on Mkt

24

i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

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.

2017

2018

Change

36

30

(6)

Sales Price (Max)

$5,500,000

$7,750,000

$2,250,000

Average Sales Price

$1,528,295

$1,731,282

$202,987

Sales Price (Min)

$705,000

$760,000

$55,000

$295

$304

$10

89

83

(6)

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.

2017

2018

Change

110

98

(12)

$2,600,000

$6,400,000

$3,800,000

Average Sales Price

$766,868

$909,227

$142,359

Sales Price (Min)

$323,500

$390,990

$67,490

$234

$256

$22

77

63

(14)

Sales Sales Price (Max)

AVG $/SF AVG Days on Mkt

2 0 1 8 Ye a r i n R e v i e w |

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

2018

Change

245

163

(82)

$3,700,000

$3,950,000

$250,000

Average Sales Price

$561,076

$580,769

$19,693

Sales Price (Min)

$225,000

$224,900

$(100)

$178

$195

$16

49

40

(10)

Sales Sales Price (Max)

AVG $/SF AVG Days on Mkt

the fountains Known as one of the most prestigious addresses in the masterplanned 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

2018

Change

6

16

10

$1,300,000

$1,800,000

$500,000

Average Sales Price

$816,650

$999,375

$182,725

Sales Price (Min)

$450,000

$630,000

$180,000

$176

$190

$13

37

92

56

Sales Sales Price (Max)

AVG $/SF AVG Days on Mkt

26

i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

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

2018

Change

8

9

1

Sales Price (Max)

$1,495,000

$1,550,000

$55,000

Average Sales Price

$1,032,500

$1,082,222

$49,722

$625,000

$475,000

$(150,000)

$216

$205

$(11)

90

103

13

Sales

Sales Price (Min) 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

2018

Change

155

157

2

$2,700,000

$3,050,000

$350,000

Average Sales Price

$524,783

$532,691

$7,908

Sales Price (Min)

$77,000

$100,350

$23,350

$193

$203

$10

98

73

(24)

Sales Sales Price (Max)

AVG $/SF AVG Days on Mkt

2 0 1 8 Ye a r i n R e v i e w |

insight

27

LIVE synergysir.com | 702.360.1414 PHOTO: Lake Las Vegas, NV ®,™ 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 Sotheby’s International Realty®

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

golf course living

Average

Sales Price Golf Course

Sales

Highest

Average

Lowest

$/SF

DOM

Anthem Country Club

12

$2,255,000

$1,248,833

$805,000

$280

58

Bear's Best

4

$8,900,000

$4,008,750

$1,600,000

$518

166

Canyon Gate Country Club

8

$1,250,000

$841,125

$460,000

$236

81

Dragonridge Country Club

1

$1,078,888

$1,078,888

$1,078,888

$214

53

Las Vegas Country Club

1

$392,500

$392,500

$392,500

$159

4

Red Rock Country Club

8

$3,780,000

$1,641,250

$905,000

$304

79

Rio Secco

2

$2,950,000

$2,850,000

$2,750,000

$271

114

Southern Highlands

3

$7,250,000

$3,083,333

$950,000

$356

129

Spanish Trail

7

$1,450,000

$928,802

$505,000

$191

103

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

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 12/31/2018

®, 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 | 2 0 1 8 Ye a r i n R e v i e w

591 Lairmont | $4,995,000 6 Beds | 10 Baths | 10,018 Sq Ft | .70 Acre

2 0 1 8 Ye a r i n R e v i e w |

insight

31

selections from the collection

|

702.360.1414

770 dragon ridge

$17,500,000 | 17,562 sq ft | 5 beds | 10 baths

32

i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

|

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

597 st croix

$6,950,000 | 10,005 sq ft | 3 beds | 5 baths

2 0 1 8 Ye a r i n R e v i e w |

insight

33

selections from the collection

|

702.360.1414

5100 spanish heights

$6,499,000 | 14,306 sq ft | 7 beds | 11 baths

34

i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w

|

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

destinations With more than 22,000 associates in 970 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.

Riviere Du Rempart

Mendon, Vermont

Fort Lee, New Jersey

5 Beds | 5 Baths $8,000,000 | ID: SVL2XC

4 Beds | 7 Baths $8,000,000 | ID: GWSZX8

5 Beds | 7 Baths $8,000,000 | ID: 9DM9T2

Boulder, Colorado

Nassau, Bahamas

Sao Paulo, Brazil

3 Beds | 4 Baths $7,999,000 | ID: 5VQYWS

8 Beds | 9 Baths $7,995,000 | ID: 2CMRJP

6 Beds | 12 Baths $7,992,327 | ID: QCF6JY

Baja California, Mexico

Costa Brava, Spain

Balearic Islands, Spain

5 Beds | 6 Baths $7,990,000 | ID: R8EMJM

6 Beds | 4 Baths $7,958,163 | ID: PJ2NZ5

5 Beds | 6 Baths $7,955,449 | ID: W9VYLL

learn more at synergysir.com

702.360.1414

synergysir.com

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

6 CONTINENTS • 72 COUNTRIES • 970 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 3 6 i n s i g h t | 2 0 1 8 Ye a r i n R e v i e w only in MLS Areas 101-606