Insight Q4 2019

INSI GHT Las Vegas 2019 | Year End

Green Valley Office

table of contents

6

globally connected

8

by the numbers

14

news + notes

16 communities

MacDonald Highlands Office

Summerlin Office

Lake Las Vegas Office

25

golf course living

28

verticals

37

listings of distinction

#VEGASSTRONG

about us

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

PUBLISHER

Gene Northup

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

MANAGING BROKER

Don Kuhl BROKER MANAGER

Brittany Northup

in the region.

MANAGER

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

concerning and

Las

Vegas’

neighborhoods.

hottest

Particularly

noteworthy is the large-scale growth in the city with

Kyle Northup DESIGNER

Lindsay Rohlfsen PHOTOGRAPHY

JPM Studios

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

COPYWRITER

Melissa Whitaker

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

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

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

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

ABOUT THE MAGAZINE

expertise unlike any other.

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

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.

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

1,000 23,000

vegas born | globally connected

1,000

23,000

1/3

34.5M

Offices Worldwide

Associates Worldwide

Offices outside the United States

Monthly Visits in 2019

112B

$

Total worldwide Sale 2018

63% International Visitors

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

6

i n s i g h t | year end 2019

significant sales

top 10 sales in 2019 $16M

5212 SPANISH HEIGHTS

$7M

1198 MACDONALD RANCH

$6.5M

19 FLYING CLOUD

$6.3M

15 FLYING CLOUD

$6.2M

59 PROMONTORY RIDGE

$6.0M

8101 OBANNON

$5.6M

1353 DILEVANTE

$5.4M

1210 MACDONALD RANCH

1198 MACDONALD RANCH | $7,000,000 | MACDONALD HIGHLANDS

591 LARIMONT | $4,550,000 | MACDONALD HIGHLANDS

$5.2M

11 SABLE RIDGE

$5M

27 SHADOW CANYON

661 FALCON CLIFF | $3,995,000 | MACDONALD HIGHLANDS

year end 2019 |

insight

7

by the numbers Single family homes

*

Luxury is $750,000 and up

**

LUXURY SINGLE FAMILY HOMES** Distribution of Sales by Location

Distribution of Sales by Price

East Henderson North

$750k - $1.5M $1.5M - $2M

North West South

$2M - $5M >$5M

South West

ALL SINGLE FAMILY HOMES* Distribution of Sales by Location

Distribution of Sales by Sales Price <$250k $250k - $500k $500k - $750k

East Henderson North

$750k - $1.5M

North West South

$1.5M - $2M $2M - $5M >$5M

South West

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

DAYS ON MARKET BY PRICE RANGE*

<$250k

<$250k

$250k - $500k

$250k - $500k

$500k - $750k

$500k - $750k

$750k - $1.5M

$750k - $1.5M

$1.5M - $2M

$1.5M - $2M

$2M - $5M

$2M - $5M

>$5M

>$5M

0%

20%

40% Below

8

Equal

i n s i g h t | year end 2019

60% Above

80%

100%

0%

20% <30

30 - 90

40% 90 - 120

60% 120 - 180

80% >180

100%

629 DRAGON PEAK DR | $5,450,000 | MACDONALD HIGHLANDS 5 Beds | 7 Baths | 8,600 Sq Ft | 1.08 Acre

year end 2019 |

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

833

690

120

91

27

1,761

47%

February

913

667

148

123

44

1,895

48%

March

1,298

761

214

179

77

2,529

51%

April

1,525

819

168

189

77

2,778

55%

May

1,739

989

166

184

95

3,173

55%

June

1,602

883

138

103

68

2,794

57%

July

1,747

973

152

111

79

3,062

57%

August

1,575

1,055

172

159

84

3,045

52%

September

1,422

887

182

116

51

2,658

53%

October

1,442

966

185

152

57

2,802

51%

November

1,178

789

170

132

59

2,328

51%

December Grand Total

Price Range

1,218

905

16,492

<30

184

154

66

2,527

48%

10,384

1,999

1,693

784

31,352

53%

30 - 90

90 - 120

120 - 180

180+

Grand Total

<30%

<$250k

3,652

2,003

320

269

100

6,344

58%

$250k - $500k

11,401

7,262

1,373

1,102

466

21,604

53%

$500k - $750k

1,067

791

192

213

105

2,368

45%

$750k - $1.5M

313

278

93

79

79

842

37%

$1.5M - $2M

35

26

4

16

6

87

40%

$2M - $5M

22

23

17

13

22

97

23%

>$5M Grand Total

2 16,492

1 10,384

1 1,999

1,693

6 784

10 31,352

20% 53%

$16M

4

89135

53M

933

Highest sale in 2019

offices in southern Nevada

over $750,000

highest sale

homes over 1M

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

Over 19% of all sales over $750,000 were within 89135. The runner up was 89052 with 11%.

Sotheby’s Int’l Realty sold a $53m unit in New York, the highest sale in 2019 in the network.

There were 933 homes sold over $1,000,000 in Southern Nevada in 2019. 204 of which were over $2,000,000.

$16,000,000 is the highest priced home to sell in the 2019.

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

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

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

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

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

news + notes

Opposing Austerity, the Revolutionary Works of Bridget Riley

BY SOTHEBY'S | JAN 20, 2020

An iconic example of Bridget Riley’s 1960s oeuvre, Shift is an exemplary work that highlights the artist’s status as a pioneer of Op art. The significance of Shift was recognised very early on by its inclusion within a number of landmark exhibitions, including at the Städtische Kunstgalerie, Bochum, in 1964; the Hayward Gallery, London, in 1971; and a major travelling exhibition which started at the Albright-Knox Art Gallery, Buffalo, in 1978. Potently encapsulating the British artist’s distinctive and mesmerising pictorial style, the work has been exhibited extensively since.

The striking black and white palette of Shift is a defining hallmark of Riley’s earliest paintings: colour tones did not begin to appear in her work until 1967. The absence of chromatic hues within Shift and other major works of the period, such as Movement in Squares of 1961 (Arts Council Collection, London) and Current of 1964 (The Museum of Modern Art, New York) enables the purity of geometric form to be displayed to magnificent effect, whilst reinforcing the powerful dynamism of the composition. Indeed, 41 of Riley's black and white compositions from the 1960s reside in important museum collections around the world. Writing in 1965, Riley outlined the particular impressions she was aiming for within her painting: “The basis of my paintings is this: that in each of them a particular situation is stated. Certain elements within that situation remain constant, others precipitate the destruction of themselves by themselves. Recurrently, as a result of the cyclic movement of repose, disturbance and repose, the original situation is restored” (Bridget Riley cited in: Exh. Cat. London, Tate Britain, Bridget Riley, 2003)... read entire story at sothebys.com

Gauguin, Sérusier, Boudin, and other Masters from the Long Collection

BY SOTHEBY'S | JAN 20, 2020 Odilon Redon’s exquisite still-life compositions of floral arrangements constitute the hallmark of the artist’s œuvre. This painting is executed in pastel and is a prime example of this defining motif, with the inherent fragile quality of the medium perfectly reflecting the delicate subject matter. In this masterful composition, Redon brings the floral composition to life, balancing texture and contrast, and enlivening the sheet with vibrant bursts of colour.

Paul Sérusier’s depiction of two young peasant women at the edge of the winding river Aulne, just below Châteauneuf-du-Faou, is a wonderful synthesis of some of Sérusier’s most characteristic works from his Pont-Aven period. Sérusier frequently made use of unknown female subjects, and throughout his time in Brittany this trope was frequently utilised. In the present work these forms are imagined with a particularly elegant, simplified palette set amongst strongly outlined forms and vibrant colours. These specific stylistic motifs, which the artist developed during his involvement with the Pont-Aven group, were heavily influenced by his introduction to Gauguin’s Symbolist aesthetic in the late 1880s.

Throughout the 1870s, Eugène Boudin made frequent trips to the coastal towns of northern France, and the low Countries, capturing the vibrant atmosphere of these ports and beaches.

Boudin was a devotee of painting en plein air and passionately argued that painting outside helped him capture the essence of a scene. read entire story at sothebys.com 14

i n s i g h t | year end 2019

news + notes

Preserving History: Newly Reopened Hong Kong Museum Unveils Important Collection of Chinese Paintings

By Vivienne Chow | JAN 19, 2020 There is more to the multimillion-dollar revamp of the Hong Kong Museum of Art than meets the eye. The four-year renovation of the city’s oldest cultural institution is not just about sizing up its exhibition spaces and opening up its facade to incorporate the view of the Victoria Harbour as if it were a living scroll. The project has a much more ambitious mission, and that is to reinstate the role the city has been playing in art collecting and safeguarding historic cultural treasures.

“It was no accident that Hong Kong became a centre or a marketplace for Chinese paintings and works of art,” Sunny Tang, curator at HKMoA, said. “The collections in our museum, especially those major donations from private collectors, illustrate the trajectory of art collecting in Hong Kong and retrace the footsteps of the city’s history... read entire story at sothebys.com

Uncover Mario Buatta's Celebrated Interior Styles

BY SOTHEBY'S | JAN 17, 2020 Sotheby's is honored to present furniture, fine art and decorative objects from the personal collection of legendary interior designer Mario Buatta in a dedicated two-day auction. The sale includes a panoply of nearly 1,000 works that Buatta lived with in his Upper East Side apartment in New York City as well as the William Mason House – an historic gothic-style home in Thompson, Connecticut – and feature many pieces that have long been admired in showhouse rooms and shelter magazines over the years. Here, discover the vast array of styles beloved by Buatta. olitically, the Regency is defined as the period between 1811 and 1820 when Parliament named the Prince of Wales as Regent to his physically and mentally incapacitated father George III. In the decorative arts, the term refers to a period spanning the late 1790s to the end of George IV’s reign in 1830 or even that of William IV in 1837, which marked a definitive break from 18thcentury Georgian taste. The Regency style had many influences both internally and from abroad, beginning with the neoclassicism of the late Louis XVI period practiced by the Prince of Wales’ architect Henry Holland followed by the more archaeologically-inspired French Empire style developed by Napoleon’s tastemakers Percier and Fontaine, based on Greek and Roman antiquity and paralleled in England by the work of the architect Charles Heathcote Tatham and the connoisseur-collector Thomas Hope. Napoleon’s Egyptian campaign documented by the artist and archaeologist Vivant Denon sparked an interest in Egyptian motifs, and the exotic appeal of Chinese and Gothic ornament continued to play a role... read entire story at sothebys.com year end 2019 |

insight

15

communities

Only

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

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

las vegas, summerlin & henderson

|

702.360.1414

the ridges This private reserve of luxury homes, situated on 800 acres in the masterplanned community of Summerlin, is recognized as one of the most exclusive neighborhoods in the country. The Ridges presents stunning views of the Las Vegas Strip to the east, while on its western border lies the surreal beauty of the Mojave Desertâ&#x20AC;&#x2122;s Red Rock Conservation Area.

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

2018 58 $8,900,000 $2,650,783 $1,075,000 $453 90

2019 Change 65 7 $6,500,000 $(2,400,000) $2,426,491 $(224,292) $1,050,000 $(25,000) $430 $(23) 93 3

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

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

2018 85 $3,780,000 $1,133,582 $540,000 $287 61

2019 Change 82 -3 $3,335,000 $(445,000) $1,116,072 $(17,509) $595,000 $55,000 $298 $11 82 20

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

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

18

i n s i g h t | year end 2019

2018 6 $2,375,000 $1,868,981 $1,300,000 $293 174

2019 Change 7 1 $2,100,000 $(275,000) $1,684,286 $(184,696) $1,200,000 $(100,000) $299 $6 44 -130

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

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

2018 7 $1,885,000 $1,380,071 $950,000 $245 85

2019 Change 11 4 $1,725,000 $(160,000) $1,293,460 $(86,611) $975,000 $25,000 $257 $13 79 -6

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

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

2018 8 $2,325,000 $1,666,863 $1,050,000 $313 83

2019 Change 11 3 $2,777,000 $452,000 $1,580,591 $(86,272) $1,195,000 $145,000 $313 $0 74 -10

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

Designed in a way so that most of the residences of Bellacere are situated far from the exterior boundaries, gives Bellacere a quiet, small town feel while outside the walls, a host of amenities and conveniences await in the master-planned community of Summerlin.

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

2018 4 $4,100,000 $2,256,250 $1,500,000 $272 74

2019 Change 4 0 $2,000,000 $(2,100,000) $1,645,188 $(611,063) $1,225,000 $(275,000) $315 $43 112 39

year end 2019 |

insight

19

las vegas, summerlin & henderson

|

702.360.1414

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

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

2018 3 $2,400,000 $2,075,000 $1,825,000 $257 32

2019 Change 7 4 $3,490,000 $1,090,000 $1,937,857 $(137,143) $980,000 $(845,000) $322 $64 77 45

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 Canyon Fairways accentuate that feeling.

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

2018 5 $1,565,000 $1,238,400 $830,000 $230 35

2019 Change 10 5 $1,575,000 $10,000 $1,213,500 $(24,900) $800,000 $(30,000) $265 $35 134 99

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

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

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

20

i n s i g h t | year end 2019

2018 10 $1,100,000 $889,490 $775,000 $237 48

2019 Change 12 2 $1,475,000 $375,000 $1,041,692 $152,202 $650,000 $(125,000) $256 $19 69 21

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

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

2018 7 $540,000 $496,271 $429,900 $158 37

2019 Change 4 -3 $584,000 $44,000 $541,738 $45,466 $524,950 $95,050 $171 $12 8 -29

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

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

2018 11 $13,000,000 $2,058,182 $823,000 $300 76

2019 Change 12 1 $1,365,000 $(11,635,000) $880,042 $(1,178,140) $670,000 $(153,000) $234 $(66) 76 -1

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

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

2018 56 $10,000,000 $914,216 $345,000 $216 65

2019 Change 43 -13 $2,400,000 $(7,600,000) $785,540 $(128,676) $350,000 $5,000 $209 $(7) 72 7

year end 2019 |

insight

21

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.

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

2018 37 $2,099,900 $840,860 $390,000 $215 88

2019 Change 25 -12 $2,285,000 $185,100 $983,692 $142,832 $510,000 $120,000 $220 $5 80 -7

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.

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

2018 34 $7,250,000 $1,566,765 $525,000 $283 85

2019 Change 33 -1 $5,000,000 $(2,250,000) $1,561,206 $(5,559) $485,000 $(40,000) $301 $18 96 10

*country club only

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

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

22

i n s i g h t | year end 2019

2018 50 $1,745,000 $715,167 $385,000 $196 76

2019 Change 41 -9 $1,495,000 $(250,000) $682,600 $(32,566) $390,000 $5,000 $201 $5 74 -2

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

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

2018 11 $6,500,000 $1,708,864 $358,000 $271 124

2019 Change 15 4 $16,000,000 $9,500,000 $2,419,667 $710,803 $390,000 $32,000 $284 $13 121 -3

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

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

2018 28 $7,750,000 $1,745,124 $760,000 $291 84

2019 Change 43 15 $7,000,000 $(750,000) $2,252,140 $507,017 $780,000 $20,000 $384 $93 120 36

anthem country club Nestled in the foothills of Black Mountain, Anthem Country Club is the pinnacle of living in the master-planned community of Anthem. Meandering along the golf course, Anthem Country Club is a collection of upscale tract and custom homes amongst almost 5,000 acres of beautifully landscaped homes with a three-mile walking loop. # of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2018 103 $6,400,000 $900,154 $390,990 $255 61

2019 Change 103 0 $3,500,000 $(2,900,000) $936,673 $36,520 $345,000 $(45,990) $273 $19 60 -1

year end 2019 |

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23

las vegas, summerlin & henderson

|

702.360.1414

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

Travel along the rolling hills and one discovers a range of architecture from classic Tuscan to the ultimate in modern design. Elevated to afford wonderous views of the entire Las Vegas valley Seven Hills is home to the Rio Secco golf course designed by Rees Jones, as well as, an abundance of outdoor activities and amenities. # of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2018 149 $3,950,000 $608,403 $275,000 $199 42

2019 Change 161 12 $5,600,000 $1,650,000 $719,198 $110,795 $281,000 $6,000 $214 $15 54 12

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.

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

2018 17 $1,800,000 $983,529 $630,000 $187 101

2019 Change 20 3 $1,300,000 $(500,000) $934,690 $(48,839) $675,000 $45,000 $194 $6 76 -26

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

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

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i n s i g h t | year end 2019

2018 82 $2,600,000 $656,281 $287,500 $228 66

2019 Change 82 0 $3,050,000 $(450,000) $670,527 $(14,246) $210,000 $77,500 $209 $19 98 (32)

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

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

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

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Fashion Show Mall

8

Gold Coast Caesars Palace

Rio

Palms

7

6

3

5

Monte Carlo NewYork NewYork

Venetian

Bellagio Cosmopolitan

Ballyâ&#x20AC;&#x2122;s Paris

City Center T-Mobile Arena

4

Planet Hollywood

Mirage / TI

2

MGM Grand

Excalibur Tropicana Luxor as

eg sV

VD BL

La

Mandalay Bay

1

McCarran International Airport

LIVE HIGHRISE

17 18 13 10

Circus Circus Wynn / Encore

14 Stratosphere

Downtown

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15

Sahara

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Hilton

Riviera

12 Las Vegas Country Club

Las Vegas Convention Center Wynn Golf Course

Palazzo Sands Convention Center

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

UNLV

Thomas & Mack Center

LEGEND 1.

ONE Las Vegas

6.

Panorama Towers

11. Metropolis

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Turnberry Towers

2.

MGM Signature

7.

The Martin

12.

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Newport Lofts

3.

Mandarin Oriental

8.

Palms Place

13. Sky

18. Soho Lofts

4.

Veer Towers

9.

Park Towers

14. Allure

19. The Ogden

15.

20. One Queensridge

5. Vdara

10. Trump

Regency Towers

Turnberry Place

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

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

2018 39 $4,600,000 $1,723,603 $850,000 $1,008 30

2019 Change 19 -20 $5,750,000 $1,150,000 $2,558,363 $834,760 $985,000 $135,000 $1,225 $216 74 44

park towers These two towers continue to serve as one of the most distinctive and exclusive highrise addresses, home to many of the most influential Las Vegas residents. This property doesnâ&#x20AC;&#x2122;t traditionally have much in the way of turnover.

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

2018 7 $3,100,000 $1,655,714 $800,000 $494 198

2019 Change 7 -1 $7,500,000 $(200,000) $2,861,429 $432,619 $880,000 $80,000 $659 $91 221 60

veer towers The iconic architecture and contemporary design of the Veer towers set these towers apart on the Las Vegas Strip. As a part of CityCenter, they enjoy all the benefits of their location and MGMâ&#x20AC;&#x2122;s new development, The Park, along with the T-Mobile Arena.

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

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i n s i g h t | year end 2019

2018 56 $1,700,000 $660,001 $280,000 $592 88

2019 Change 35 -21 $1,835,000 $135,000 $676,940 $16,939 $277,000 $(3,000) $611 $19 104 17

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

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

2018 22 $4,150,000 $1,458,159 $700,000 $453 89

2019 Change 20 -2 $8,005,000 $3,855,000 $1,899,375 $441,216 $750,000 $50,000 $468 $15 73 -16

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

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

2018 58 $1,008,000 $292,932 $205,000 $471 82

2019 Change 25 -33 $2,900,000 $1,892,000 $381,912 $88,980 $208,000 $3,000 $471 $(1) 86 4

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

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

2018 7 $750,000 $549,286 $400,000 $696 47

2019 Change 15 8 $600,000 $(150,000) $451,233 $(98,052) $360,000 $(40,000) $698 $2 141 94

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

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

2018 82 $625,000 $286,071 $189,000 $465 68

2019 Change 67 -15 $737,500 $112,500 $310,692 $24,621 $230,000 $41,000 $442 $(22) 72 4

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

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

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

2018 60 $739,000 $319,707 $210,000 $381 60

2019 Change 44 -16 $12,475,000 $11,736,000 $618,251 $298,544 $213,000 $3,000 $439 $58 65 4

sky las vegas Sky Las Vegas is a 45-story luxury high-rise condominium tower with 409 units. The north end of the Strip received a bit of good news recently with the Fontainebleauâ&#x20AC;&#x2122;s sale announcement, helping Sky, Allure and Turnberry Place.

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

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i n s i g h t | year end 2019

2018 34 $632,900 $337,606 $215,000 $278 121

2019 Change 24 -10 $1,850,000 $1,217,100 $432,042 $94,435 $232,500 $17,500 $309 $31 71 -50

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

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

2018 59 $5,500,000 $782,535 $308,000 $277 139

2019 Change 60 1 $4,150,000 $(1,350,000) $751,605 $(30,930) $320,000 $12,000 $294 $17 73 -66

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

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

2018 53 $700,000 $436,906 $250,000 $346 82

2019 Change 47 -6 $719,000 $19,000 $455,767 $18,861 $245,000 $(5,000) $364 $19 65 -17

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

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

2018 39 $500,000 $248,218 $170,000 $220 99

2019 Change 37 -2 $525,000 $25,000 $271,092 $22,874 $187,500 $17,500 $239 $19 67 -32

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

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

2018 44 $788,000 $458,327 $220,000 $327 71

2019 Change 34 -10 $2,400,000 $1,612,000 $599,394 $141,066 $254,000 $34,000 $349 $22 79 8

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

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

2018 37 $3,000,000 $550,446 $272,500 $381 65

2019 Change 31 -6 $1,100,000 $(1,900,000) $509,034 $(41,412) $320,000 $47,500 $384 $3 79 13

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

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

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i n s i g h t | year end 2019

2018 6 $725,000 $519,750 $290,000 $211 78

2019 Change 4 -2 $725,000 $$499,625 $(20,125) $336,000 $46,000 $241 $30 71 -6

regency

towers

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

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

2018 29 $785,000 $302,958 $125,000 $164 104

2019 Change 29 0 $440,000 $(345,000) $314,056 $11,098 $130,000 $5,000 $181 $17 83 -21

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

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

2018 80 $1,161,900 $383,064 $264,900 $262 16

2019 Change 45 -35 $1,175,900 $14,000 $437,982 $54,918 $282,000 $17,100 $288 $26 23 7

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

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

2018 54 $764,900 $435,834 $258,000 $314 24

2019 Change 27 -27 $780,000 $15,100 $475,207 $39,373 $260,000 $2,000 $323 $10 48 24

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

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

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

2018 5 $430,000 $289,780 $252,000 $243 36

2019 Change 18 13 $550,000 $120,000 $342,494 $52,714 $250,000 $(2,000) $246 $3 48 12

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

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

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i n s i g h t | year end 2019

2018 9 $439,900 $360,267 $305,000 $228 75

2019 Change 6 -3 $435,000 $(4,900) $341,167 $(19,100) $303,000 $(2,000) $234 $6 55 -19

listings of distinction

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

1 5 G O L D E N S U N R AY

$4,900,000 | 7,625 sq ft | 5 beds | 6 baths

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11226 VILLA BELLAGIO

$2,382,248 | 6,823 sq ft | 5 beds | 6 baths

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

LIVEGLOBAL With more than 22,500 associates in 1,000 offices in 72 countries around the world, Sothebyâ&#x20AC;&#x2122;s International Realty offers true international reach and the ability to expose the properties we represent to the most qualified people in the most influential luxury markets around the globe.

SAN JUAN CAPISTRANO, CA

LAKELAND, FL

SCOTTSDALE, AZ

6 Beds | 7 Baths $3,995,500 | ID: 6MYVLH

3 Beds | 3 Baths $4,000,000 | ID:J2PJDC

5 Beds | 6 Baths $4,000,000 | ID: 4WRZ2S

SCOTTSDALE, AZ

AVALON, CA

FRASER, CO

4 Beds | 4 Baths $3,850,000 | ID: XNH55M

6 Beds | 6 Baths $3,995,000 | ID: W4YRCK

5 Beds | 6 Baths $3,999,999 | ID: CK4M44

SCOTTSDALE, AZ

MOSCOW, RUSSIA

DEL MAR, CA

5 Beds | 6 Baths $3,795,000 | ID: 48Q7KT

4 Beds | 4 Baths $13,750,000 | ID: DNKYT3

3 Beds | 3 Baths $3,995,000 | ID: VBZDMM

LEARN MORE AT SYNERGYSIR.COM

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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 Pkwy, Henderson, NV 89011 • Next to The Westin

6 CONTINENTS • 72 COUNTRIES • 1,000 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