Insight Real Estate Market Report 2017 Q2

insi gh t 2017 Q2

Green Valley Office

MacDonald Highlands Office

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 65 countries, with over 20,000 associates across 880 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 me a call and we can discuss how Synergy Sotheby’s International Realty may be of service to you.

Summerlin Office

table of contents

4 overview

16 communities

6

globally connected

30

golf course living

8

by the numbers

32

top selections

14

news + notes

Q2 2017 |

insight

3

overview

It is our pleasure to introduce this quarter’s edition of Insight Magazine. The definitive overview of the greater Las Vegas luxury real estate market.

We take great pride in staying abreast of the changes and market trends of our great city. We hope you find the information contained useful.

PUBLISHER

Gene Northup MANAGING BROKER

Don Kuhl BROKER MANAGER

Brittany Olsson The single-family housing market in Las Vegas has continued to show strength in this last quarter.

MANAGER

Overall inventory has dropped 25% compared to

Kyle Northup

last year at this time, while the overall number of sales has risen 13% compared to the same time in 2017.

This decrease in supply and increase in demand has resulted in a higher median sale price. The median sales price is up 11% from last year.

DESIGNER

Lindsay Rohlfsen PHOTOGRAPHY

JPM Studios COPYWRITER

Melissa Whitaker The luxury single-family home market saw a strong increase in sales this quarter. Over 45% more homes were sold at $750,000 or more compared to the same time last year.

While more were sold, the median sales price remained steady at $1,150,000 and additional listings have come to market maintaining a similar

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.

inventory that we saw at this same time last year.

In the sub $750,000 market we are in a “seller’s

ABOUT THE MAGAZINE

market”, where some homes are receiving multiple offers and are selling above list price. While over

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

$750,000, we are seeing a balanced and strong

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

market where marketing and negotiation skills are

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

key.

text. The publication is distributed without charge to readership throughout Southern Nevada. Additional copies and advertising information can be

There is a difference in who you choose to work with as your Real Estate Agent. When it comes time to

requested by contacting Synergy Sotheby’s International Realty.

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

make a move in your life, reach out to your Synergy Sotheby’s International Realty agent and allow them to show you the power of a 275-year-old brand.

702.360.1414 | insight@synergysir.com

If you don’t currently have a Synergy agent, visit onlywithsynergy.com.

VIEW MORE PROPERTIES:

www.synergysir.com We look forward to being of service.

MASTERPIECES IN THE MAKING

TM

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

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

las vegas born | globally connected

6

880

20,000

Offices Worldwide

Associates Worldwide

1.56M

$

Average List Price

49M

$

Highest Sales Price in Q2 2017

13.2M Property Views in Q2 2017

95B

$

Worldwide Sales V olume in 2016

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 | Q2 2017

significant sales

9 Wild Ridge: $4,950,000

1321 Villa Barolo: $3,550,000

9801 Moon Valley: $3,299,000

top 10 sales this quarter $5.5M $4.6M $3.9M $3.5M $3.3M

15 PROMONTORY RIDGE 20 SUN GLOW 16 WILD RIDGE 66 MEADOWHAWK 10 WILD RIDGE

$3.3M $3.3M $3.2M $2.9M $2.7M

54 MEADOWHAWK 19 QUIET MOON 90 MEADOWHAWK 38 MEADOWHAWK 1600 VILLA RICA

Q2 2017 |

insight

7

by the numbers Single family homes

*

Luxury is $750,000 and up

**

9001 Greensboro: $2,480,000

LUXURY SINGLE FAMILY HOMES** Distribution of Sales by Location

North WestNorth SouthWest South WestSouth East Henderson North South West East Henderson

North

Distribution of Sales by Sales Price

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

>$5M $1.5M - $1.99M

$2M-$4.99M

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%

Above

60%

Equal

80%

100%

60%

80%

100%

120-180

180+

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% <30

20% 30-90

40% 90-120

ALL SINGLE FAMILY HOMES* Distribution of Sales by Sales Price

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

<$100K

$1M-$1.49M

Distribution of Sales by Location

North

North West

South

South West

North North West South West East

East

Henderson

South Henderson

Q2 2017 |

insight

9

by the numbers | ytd 2017 vs ytd 2016 *Single family residential

SALES

MEDIAN SALES PRICE

18,000 16,000 14,000

$300,000

14,000

$250,000

12,000 10,000

$200,000

12,000

AVAILABLE LISTINGS

8,000

10,000

$150,000

8,000

6,000

$100,000

6,000 4,000

4,000

$50,000

2,000 0

YTD - June 2016

YTD - June 2017

$0

+13%

2,000 0

YTD - June 2016

YTD - June 2017

YTD - June 2016

YTD - June 2017

+11%

-25%

MEDIAN SALES PRICE

AVAILABLE LISTINGS

LUXURY MARKET* $750k and up

SALES 400

400

1,000

350

350

900

300

300

250

250

600

200

200

500

150

150

100

100

50

50

0

0

YTD - June 2016

YTD - June 2017

+45%

800 700

400 300 200 100 0

YTD - June 2016

YTD - June 2017

YTD - June 2016

-3%

YTD - June 2017

-0.2%

2.9m

3

89135

68

5.5M

visitors

offices in southern Nevada

over $750,000

homes

sale in Q2 2017

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

24% of all sales over $750,000 were within 89135. The runner up was 89052 with 9%.

There were 109 homes over $1,000,000 sold in Southern Nevada in Q2 2017.

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

$5,500,000 is the highest priced home to sell in Q2 2017.

Synergy Sotheby’s Int’l Realty marketing produced 2.9 million views the second quarter of 2017.

60% of visitors from outside the United States.

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

1 8 - 1 9

A U G U S T

2 0 1 7

1971 FERRARI 365 GTB/4 DAYTONA “HARRAH HOT ROD” Chassis no. 14169

REGISTER TO BID TODAY RM Auctions Lic. No. 84391

CORPORATE +1 519 352 4575

CALIFORNIA +1 310 559 4575

UK +44 (0) 20 7851 7070

news + notes

Sotheby’s Diamonds: Inspired Impressions

By SOTHEBY’S | 20 Jun 2017 The new Sotheby’s Diamonds campaign was photographed by renowned photographer, Erik Madigan Heck, whose innovative approach to photography incorporates visual elements from the key moments in art history. Drawing on influences from the arresting portraits of Dutch Old Master paintings to the textures and colour palette of the Impressionist and Modern masters, Heck is able to marry his fascination with both classical and contemporary painting with high fashion, to produce timeless images that cross visual boundaries. Heck explains: “it is very important that the work be referential to different periods in art history that tie in quite overtly”.

It is this extraordinary vision that so perfectly fits with the ethos of Sotheby’s Diamonds.

Drawing on our illustrious history in the worlds of both fine art and fine jewellery, the campaigns — as well as the jewels themselves — focus on texture, light and form to create exceptionally designed pieces, unique to Sotheby’s. To further explore the origins of this creative process, James Mackie, Head of Sotheby’s Impressionist & Modern Art Department in London, traces the influence of the Impressionists in Heck’s photographs.

Edgar Degas “For me this photograph says Degas! There are strong echoes of the ballet dancers, bathers and the sitters in repose that populate Degas’ unique oeuvre. In particular this image triggers an association with the Musee D’Orsay’s Two Dancers in Blue... read entire story at sothebys.com

The Perfect, Private Greek Getaway

By SOTHEBY’S | 15 Jun 2017 perfect vacation retreat may be the most precious luxury of all. Such is the raison d’être behind the villas at Costa Navarino, the prime destination located in the Messenia region of southwestern Greece’s Peloponnese peninsula.

Here, exceptionally sophisticated and sustainable living takes place in an area shaped by 4,500 years of history. One of the most unspoiled and historically fascinating corners of Europe, Messenia is easily reached from major European cities through direct flights to Kalamata. read entire story at sothebys.com

14

i n s i g h t | Q2 2017

news + notes

Upcoming Auctions RM SOTHEBY’S: MONTEREY 18 AUG 2017 | MONTEREY Every August, the collector car world gathers to the MONTEREY PENINSULA to see the magnificent roster of best-of-category and stunning rare automobiles that RM Sotheby’s has to offer. For over 30 years, it has been the pinnacle of collector car auctions and is known for setting new auction benchmarks with outstanding sales results.

Along with the auction excitement, the entire Monterey week is filled with automotive events, ranging from historic racing to festivals and concours, which transform the area into a car lover’s paradise. When you need a break, take a moment to enjoy the gastronomic stimulation of Fisherman’s Wharf, with its countless dining opportunities.

The week culminates with the prestigious Pebble Beach Concours d’Elegance, where RM Sotheby’s very own restoration team has won an unprecedented six Best of Show honors in the new millennium. read entire story at sothebys.com

SPACE EXPLORATION 20 JUL 2017 | 11:00 AM EDT | NEW YORK We are thrilled to be holding Sotheby’s first Space Exploration-themed auction since our two groundbreaking Russian Space History sales in the 1990s. In the intervening decades, the enthusiasm for space exploration has greatly increased, and the collecting field has grown dramatically... read entire story at sothebys.com

WATCHES 19 SEPTEMBER 2017 | 2:00 AM BST | LONDON Following the success of our April Watches auction, which saw exceptional results with 53% of the lots exceeding their high estimates, we are currently accepting consignments for our September sale. Featuring a large variety of horological masterpieces, the sale will include vintage and modern pieces by Patek Philippe, Rolex and F.P. Journe to name but a few. With a wide range of estimates, the auction offers the perfect opportunity for connoisseur’s of fine timepieces to acquire watches that will either compliment an existing collection or initiate the start of a new passion.

Please contact us for a complimentary and confidential valuation.

Q2 2017 |

insight

15

communities

6425SF | 5 Bed | 6 Bath | 4 Car | 0.35 Acres | Strip, Golf & Mountain Views 2874 Red Arrow: $2,995,000

16

i n s i g h t | Q2 2017

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

Q2 2017 |

insight

17

las vegas, summerlin & henderson

|

702.360.1414

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

2017 Q2

2016 Q2

Change

# of Transactions

30

15

15

Sales Price (Max)

$5,500,000

$7,000,000

$(1,500,000)

Average Sales Price

$2,479,294

$2,471,245

$8,049

Sales Price (Min)

$1,050,000

$850,000

$200,000

$403

$413

$(10)

92

147

(55)

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 Q2

2016 Q2

Change

# of Transactions

61

32

29

Sales Price (Max)

$2,100,000

$3,400,000

$(1,300,000)

Average Sales Price

$958,860

$1,074,853

$(115,993)

Sales Price (Min)

$505,000

$485,000

$20,000

$251

$269

$(18)

67

93

(26)

AVG $/SF AVG Days on Mkt

18

i n s i g h t | Q2 2017

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

2017 Q2

2016 Q2

Change

# of Transactions

3

1

2

Sales Price (Max)

$2,499,900

$2,750,000

$(250,100)

Average Sales Price

$2,283,300

$2,750,000

$(466,700)

Sales Price (Min)

$2,050,000

$2,750,000

$(700,000)

$294

$356

$(62)

175

26

149

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 Q2

2016 Q2

Change

# of Transactions

7

4

3

Sales Price (Max)

$1,725,000

$2,342,250

$(617,250)

Average Sales Price

$1,241,786

$1,425,563

$(183,777)

Sales Price (Min)

$865,000

$690,000

$175,000

$281

$218

$63

59

83

(24)

AVG $/SF AVG Days on Mkt

Q2 2017 |

insight

19

las vegas, summerlin & henderson

|

702.360.1414

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

2017 Q2

2016 Q2

Change

# of Transactions

8

5

3

Sales Price (Max)

$2,200,000

$2,000,000

$200,000

Average Sales Price

$1,421,625

$1,433,000

$(11,375)

Sales Price (Min)

$850,000

$940,000

$(90,000)

$278

$252

$26

152

120

32

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 Q2

2016 Q2

Change

# of Transactions

1

0

1

Sales Price (Max)

$2,300,000

$-

$2,300,000

Average Sales Price

$678,882

$-

$678,882

Sales Price (Min)

$362,000

$-

$362,000

$205

$-

$205

85

-

85

AVG $/SF AVG Days on Mkt

20

i n s i g h t | Q2 2017

mountain trails Set in a community within a community, Mountain Trails resides in The Trails section of the master-planned community of Summerlin, long recognized as the pinnacle of Las Vegas living.

Life at Mountain Trails begins as by passing through the guardgated entrance and takes residence on a path of unmatched possibilities.

2017 Q2

2016 Q2

Change

# of Transactions

3

4

-1

Sales Price (Max)

$2,500,000

$1,700,000

$800,000

Average Sales Price

$1,850,000

$1,611,250

$238,750

Sales Price (Min)

$1,300,000

$1,505,000

$(205,000)

$265

$273

$(8)

100

106

(6)

AVG $/SF AVG Days on Mkt

palisades As its name implies, Palisades is a distinctive barrier to the common world. Drive through the guard-gated entrance and youâ&#x20AC;&#x2122;ll leave the world behind. Situated along the TPC Las Vegas Golf Course, Palisades provides an elevated sense of living and the views of the Las Vegas valley and the Canyons fairways accentuate that feeling.

2017 Q2

2016 Q2

Change

# of Transactions

6

2

4

Sales Price (Max)

$1,225,000

$1,235,000

$(10,000)

Average Sales Price

$1,040,250

$1,220,000

$(179,750)

$750,000

$1,205,000

$(455,000)

$200

$228

$(28)

133

152

(19)

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

Q2 2017 |

insight

21

las vegas, summerlin & henderson

|

702.360.1414

vineyards The residences at Vineyards are for those seeking to elevate their lifestyle. Set amongst gently rising hills in the masterplanned community of Summerlin in Las Vegas, The Vineyards represents the best semi-custom living has to offer. The community is highlighted by terraced walkways winding through green spaces and leading to three separate private squares with relaxing water features.

2017 Q2

2016 Q2

Change

# of Transactions

3

2

1

Sales Price (Max)

$1,388,000

$1,010,000

$378,000

Average Sales Price

$971,000

$842,500

$128,500

Sales Price (Min)

$625,000

$675,000

$(50,000)

$234

$246

$(12)

39

122

(83)

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 Q2

2016 Q2

Change

# of Transactions

3

1

2

Sales Price (Max)

$1,417,500

$1,150,000

$267,500

Average Sales Price

$1,351,667

$1,150,000

$201,667

Sales Price (Min)

$1,262,500

$1,150,000

$112,500

$263

$267

$(4)

35

16

19

AVG $/SF AVG Days on Mkt

22

i n s i g h t | Q2 2017

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

2017 Q2

2016 Q2

Change

# of Transactions

5

9

-4

Sales Price (Max)

$1,400,000

$1,425,000

$(25,000)

Average Sales Price

$1,035,800

$842,778

$193,022

$784,000

$540,000

$244,000

$226

$212

$14

65

75

(10)

Sales Price (Min) 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 Q2

2016 Q2

Change

# of Transactions

9

13

-4

Sales Price (Max)

$6,200,000

$2,550,000

$3,650,000

Average Sales Price

$1,463,000

$950,962

$512,038

Sales Price (Min)

$600,000

$570,000

$30,000

$221

$213

$8

88

124

(36)

AVG $/SF AVG Days on Mkt

Q2 2017 |

insight

23

las vegas, summerlin & henderson

|

702.360.1414

canyon gate country club Not far from Las Vegas, Canyon Gate Country Club offers terrific views and challenging play for golfers at every skill level. Wellgroomed fairways and greens keep Canyon Gate Country Club difficult yet friendly, and the staff can offer tips and tricks for playing your best round. Canyon Gate Country Club is a terrific choice for your regular rounds of golf or a new destination for you and friends when visiting Las Vegas.

2017 Q2

2016 Q2

Change

# of Transactions

18

14

4

Sales Price (Max)

$2,000,000

$1,770,000

$230,000

Average Sales Price

$885,244

$787,021

$98,222

Sales Price (Min)

$402,500

$400,000

$2,500

$204

$208

$(4)

134

96

38

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 Q2

2016 Q2

Change

50

26

24

$3,600,000

$3,000,000

$600,000

Median

$947,141

$971,490

$(24,349)

Sales Price (Max)

$515,000

$500,000

$15,000

Sales Price (Min)

$206

$198

$8

116

116

-

Sales Average Sales Price

Avg $/SF

macdonald highlands Shaped from the foothills of the McCollough Mountains, McDonald Highlands blends the organic with the epic. Placed on the southern edge of the Las Vegas valley in suburb of Henderson, MacDonald Highlands is uniquely luxurious and distinctly lavish and home to the Dragonridge Country Club.

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.

2017 Q2

2016 Q2

Change

# of Transactions

16

20

-4

Sales Price (Max)

$1,675,000

$4,000,000

$(2,325,000)

Average Sales Price

$1,091,469

$2,329,475

$(1,238,006)

Sales Price (Min)

$705,000

$612,000

$93,000

$223

$332

$(109)

76

159

(83)

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 Q2

2016 Q2

Change

# of Transactions

55

57

-2

Sales Price (Max)

$2,300,000

$3,350,000

$(1,050,000)

Average Sales Price

$678,882

$879,511

$(200,629)

Sales Price (Min)

$362,000

$348,500

$13,500

$205

$235

$(30)

85

78

7

AVG $/SF AVG Days on Mkt

Q2 2017 |

insight

25

las vegas, summerlin & henderson

|

702.360.1414

seven hills As the Roman Empire was built upon its famed rolling hills, so too is the mater-planned community Seven Hills, just south of Las Vegas and gloriously nestled against the magnificent McCollough mountain range. Travel along the rolling hills and one discovers a range of architecture from classic Tuscan to the ultimate in modern design. Elevated to afford wondrous views of the entire Las Vegas valley Seven Hills is home to the Rio Secco gold course designed by Rees Jones, as well as, an abundance of outdoor activities and amenities.

2017 Q2

2016 Q2

Change

# of Transactions

24

23

1

Sales Price (Max)

$2,750,000

$2,700,000

$50,000

Average Sales Price

$1,067,677

$1,004,500

$63,177

Sales Price (Min)

$505,000

$535,000

$(30,000)

$210

$211

$(1)

60

96

(36)

AVG $/SF AVG Days on Mkt

the fountains Known as one of the most prestigious addresses in the master-planned community of Green Valley in the Las Vegas suburb of Henderson, The Fountains community is an unexpected gem in the desert. Enjoying large, open lawns and tree-canopied streets, The Fountains is reminiscent of an east coast neighborhood.

2017 Q2

2016 Q2

Change

# of Transactions

2

4

-2

Sales Price (Max)

$1,300,000

$970,000

$330,000

Average Sales Price

$1,067,500

$771,250

$296,250

Sales Price (Min)

$835,000

$575,000

$260,000

$212

$172

$40

33

63

(30)

AVG $/SF AVG Days on Mkt

26

i n s i g h t | Q2 2017

roma hills Expansive living can sometimes come in an intimate environment and that is the beauty of Roma Hills. Designed as a sanctuary for only 144 homes, Roma Hills is luxuriously unique in Las Vegas.

Set against Black Mountain and offering spectacular views of the entire valley, Roma Hills is a guard-gated retreat for privacy and unrivaled living.

2017 Q2

2016 Q2

Change

# of Transactions

2

3

-1

Sales Price (Max)

$1,050,000

$4,000,000

$(2,950,000)

Average Sales Price

$985,000

$1,943,333

$(958,333)

Sales Price (Min)

$920,000

$870,000

$50,000

$250

$269

$(19)

66

154

(88)

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 Q2

2016 Q2

Change

# of Transactions

12

22

-10

Sales Price (Max)

$1,475,000

$2,850,000

$(1,375,000)

Average Sales Price

$1,005,158

$828,218

$176,940

Sales Price (Min)

$425,000

$525,000

$(100,000)

AVG $/SF

$211

$222

$(11)

AVG Days on Mkt

100

154

(54)

Q2 2017 |

insight

27

WE ARE. MACDONALD HIGHLANDS

702.614.9100 | STRIP VIEW LOTS FROM $525,000 Q2 2017 |

insight

29

golf course living

Average

Sales Price

Golf Course

Sales

Average

Highest

Lowest

$/SF

DOM

Bear's Best

2

2,771,750

3,544,500

1,999,000

$429

72

Anthem Country Club

3

1,406,667

2,300,000

720,000

$262

143

Red Rock Country Club

12

1,002,554

1,375,000

685,000

$243

77

Rio Secco

1

1,360,000

1,360,000

1,360,000

$228

206

Lake Las Vegas

4

765,475

986,900

450,000

$194

77

Dragonridge

2

911,750

950,000

873,500

$222

43

TPC Summerlin

1

850,000

850,000

850,000

$185

45

TPC Las Vegas

1

825,000

825,000

825,000

$280

24

Southern Highlands

2

769,500

809,000

730,000

$207

194

Canyon Gate Country Club

1

575,000

575,000

575,000

$149

348

Spanish Trail

2

545,000

575,000

515,000

$202

21

Las Vegas Country Club

1

420,000

420,000

420,000

$152

56

Data through 6/30/17

®, TM and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. an Equal Opportunity Company. Equal Housing Opportunity. Each Office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not 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 | Q2 2017

2 Via Modena | $3,250,000

Q2 2017 |

insight

31

selections from the collection

|

702.360.1414

100 rancho circle

$6,500,000 | 24,544 sq ft | 9 beds | 14 baths

32

i n s i g h t | Q2 2017

|

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

1321 villa barolo

$3,550,000 | 6,249 sq ft | 5 beds | 6 baths

Q2 2017 |

insight

33

selections from the collection

|

9801 moon valley

$3,299,000 | 9,115 sq ft | 4 beds | 6 baths

34

i n s i g h t | Q2 2017

702.360.1414

|

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

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

NO LIMITS

702.360.1414

synergysir.com

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

6 CONTINENTS • 70 COUNTRIES • 880 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