Ken Lowman on NBC's Extra - Featuring the Luxury Listing on 567 St Croix in Las Vegas
JULY 21, 2010
Ken Lowman on NBC's Extra with Michael Corbett - This video features the Luxury Listing on 567 St Croix in Las Vegas - MICHAEL CORBETT is the Home and Lifestyle Host for the #1 rated Warner Bros/Telepictures nationally syndicated newsmagazine EXTRA on NBC.
(click to open in a new window)
Biggest Defaulters on Mortgages are the Rich
BY DAVID STREITFELD
THE NEW YORK TIMES
JULY 8, 2010
…In Las Vegas, Ken Lowman, a longtime agent for luxury properties, said four of the 11 sales he brokered in June were distressed properties.
"I’ve never seen the wealthy hit like this before," Mr. Lowman said. "They made their plans based on the best of all possible scenarios — that their incomes would continue to grow, that real estate would never drop. Not many had a plan B." The defaulting owners, he said, often remain as long as they can. "They’re in denial," he said…
Read Entire Article
Ken Lowman is featured on The Today Show Discussing the Luxury Home Market in Las Vegas Nevada
JUNE 25, 2010
(click to open in a new window)
Ken Lowman on ABC's Nightline from Luxury Homes of Las Vegas
Ken discusses teaming up with JetSuite and offering private jet tours of Luxury Homes for sale in Las Vegas Nevada
(click to open in a new window)
Selling Point: Big Splashes
ROBB REPORT - EXCEPTIONAL PROPERTIES, MAY 10, 2010
...Located in Promontory at The Ridges on the Bear’s Best Championship Golf Course, on the west side of Las Vegas along Red Rock State Park, this 12,921-square-foot home features 6 bedrooms, 9 bathrooms and a 7-car garage. The one-year-old multi-level home’s two-story pool could fit right in at one of Las Vegas’ most lavish resorts. The pool is designed so that its lower basin can be viewed through aquarium windows in the home’s wine room and entertainment area.
“The lighting at night is simply mind-boggling,” says Ken Lowman. “Add in the dramatic fountains and waterfalls and the fire elements and it takes you into a whole different world.”...
Read Entire Article | View this Article as a PDF
Million-dollar homes are falling prey to foreclosure
USA TODAY- MONDAY, MAY 10, 2010
..."The rise in luxury foreclosures has one Las Vegas real estate agent flying prospective buyers into the city via private jet. Luxury Homes of Las Vegas and JetSuite Air teamed to offer the complimentary trip for buyers flying from Los Angeles to view three foreclosed homes priced between $4.9 million and $6.1 million.
Agent Ken Lowman says he gave three tours over a one-week period and hopes to expand the offer to buyers from other West Coast cities.
There's just too much competition, Lowman says. "It takes an innovative approach like this to get results."...
Read Entire Article
Ken Lowman Partners With Jet Suite for Private Jet Tours on
FOX Business News
APRIL 12, 2010
Luxury Homes of Las Vegas Founder Ken Lowman weighs on selling foreclosed real estate to the wealthy.
(click to open in a new window)
Las Vegas broker luring wealthy home seekers with private jet
BY STEVE GREEN
LAS VEGAS SUN - FRIDAY, APRIL 9, 2010
...Instead of organizing bus tours for investors in foreclosed homes, Las Vegas luxury home broker Ken Lowman is lining up private jet tours in which he's flying potential buyers to Las Vegas.
Lowman's company, Luxury Homes of Las Vegas, this week said it teamed up with JetSuite Air to host complimentary "Luxury Home Foreclosure Private Jet Tours," with the first tour leaving from the Los Angeles area on April 17 to tour three bank-owned luxury homes in Las Vegas...
Read Entire Article
Hop Aboard the Private-Jet Foreclosure Tour
APRIL 7, 2010
If you can prove you are wealthy enough to buy a multimillion-dollar mansion, you can hop aboard Ken Lowman’s "Luxury Home Foreclosure Private Jet Tour," a title that perhaps more than any other sums up the folly of the financial crisis. The tour, a partnership between Mr. Lowman and JetSuite Air, leaves Los Angeles on the morning of Saturday, April 17 and returns the same day at 6 p.m.
http://blogs.wsj.com/wealth/2010/04/07/hop-aboard-the-private-jet-foreclosure-tour/
Television Interview with Ken Lowman on the NBC Channel 3 In-Business Las Vegas News Segment
FEBRUARY 2010
(click to open in a new window)
A variety of Television News Stories regarding Ken Lowman’s Sale of Actor Nic Cage’s Foreclosed Home in Las Vegas
FEBRUARY 2010
(click to open in a new window)
Q&A With Ken Lowman of Luxury Homes of Las Vegas
BY BUCK WARGO
BUSINESS REPORTER
JAN 29, 2010
...Ken Lowman knows how to engineer his way around a problem.
The 45-year-old broker-owner of Luxury Homes of Las Vegas, an electrical engineering graduate from Oregon State University, became interested in real estate while in Southern California. There he worked as an engineer at a Frito Lay processing plant making Doritos.
The real estate market in Southern California was going like gangbusters in 1998-99, Lowman said.
“I got my real estate license so I would have the knowledge of the business so I could go out and buy my first home, kind of like a good engineer,” he said...
Read Entire Article
Ken Lowman Sells Nic Cage Foreclosure
BY JENNIFER ROBISON
LAS VEGAS REVIEW-JOURNAL
JAN 26, 2010
...A buyer plans to close a deal this week to purchase the 14,306-square-foot Spanish Hills home that Nevada State Bank foreclosed on in December for $4.89 million. The 7-yearold property, which Realtor Ken Lowman listed on Thursday, spent less than a day on the market before an out-of-state businessman snagged it for close to its $4.95 million asking price....
Read Entire Article
Parade of Homes features lower-priced luxury
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
MAY 02, 2009
… After holding up well into early 2008, the high-end market hit the skids like the rest of the real estate market, said Kenneth Lowman, broker and owner of Luxury Homes of Las Vegas. Prices have declined 25 percent to 45 percent, depending on the neighborhood, quality of construction, age and amenities, he said. He knows of a 13,000-square-foot home inside three gates that was originally listed for $14 million and can now be bought for $6.5 million…
Read Entire Article
Lenders give Summerlin condo project new life
BY BUCK WARGO
BUSINESS REPORTER
APRIL 17, 2009
… After holding up well into early 2008, the high-end market hit the skids like the rest of the real estate market, said Kenneth Lowman, broker and owner of Luxury Homes of Las Vegas. Prices have declined 25 percent to 45 percent, depending on the neighborhood, quality of construction, age and amenities, he said. He knows of a 13,000-square-foot home inside three gates that was originally listed for $14 million and can now be bought for $6.5 million…
Read Entire Article
Sun West Custom Homes executive says projects keep hundreds employed
Luxury market has hit the skids
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
APR 04, 2009
…The luxury market has hit the skids like the rest of the housing market, said Ken Lowman, owner and broker of Luxury Homes of Las Vegas. There were 27 sales of homes priced at more than $1 million in the first quarter, compared with 66 in first quarter 2008. Just three ultra-luxury homes, or homes over $3 million, were sold in the quarter, down from 13 a year ago…
Read Entire Article
LV home prices fall to level not seen since 2003
Analyst sees no need for new homes
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
FEB 11, 2009
…Home-builder confidence is at a record low. Builders have dramatically reduced housing starts, pulling just 6,129 new permits in Las Vegas in 2008, a 58 percent decrease from the previous year, according to Home Builders Research.
But that's a good sign for the local housing market, Lowman said.
"The market is telling all the home builders that we have too much inventory," he said. "There is a massive overhang of unsold homes, including new homes and foreclosure homes. The market doesn't need any more new homes to be built when there are so many still waiting for a buyer."…
Read Entire Article
THE R-J GOES TO A PARTY: Hundreds turn out for Nevada Cancer Institute
fundraising gala
BY DOROTHY HUFFEY
LAS VEGAS REVIEW-JOURNAL
NOV 16, 2008
… The gala began with a reception, where guests included Kris and Tim McGarry, Lovee and Bob Arum, Andrea and Richard Gordon, Karen and Tony Alamo Jr., Patricia and Richard Wright, Karen and Morgan Cashman, Ken Lowman, Jan and Owen Nitz, Joan and Jim Hammer, Tony Marnell, Tamara and Jay Kornmayer, Kathy and Randy Black, Chantal and Stephen Cloobeck, Mari and Thom Landers, Shannon McBeath, Kelly Haddrill, Mel Wolzinger, Susan Fine, Frank Schreck, Tim Herbst, Ann Lynch, Sheldon Schore, Larry Ruvo, Jay Barrett and State Sen. John Lee, D-North Las Vegas. Celebrity chefs Chi Choi and Gene Kato prepared delicacies…
Read Entire Article
HOUSING: Hurt hitting the high end
Repossessions, short sales shown to rise on homes with values exceeding $1 million
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
SEP. 28, 2008
… Ken Lowman said the statistics don't look too bad yet. Of the 7,363 listings in Las Vegas that are bank repossessions, 16 are over $1 million and two are over $3 million. Of the 8,692 short-sale listings, 29 are over $1 million and none is over $3 million. In the past 12 months, only 10 of the 12,470 bank-owned home sales were for $1 million or more…
Read Entire Article
IN THE LAP OF LUXURY
Prices increase in high-end housing market while sales stay steady
By HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
JUN. 15, 2008
The mortgage credit crisis doesn't affect buyers in the luxury market as much as those in the lower and middle markets, said Ken Lowman, broker and owner of Luxury Homes of Las Vegas.
He sold four homes priced at more than $5 million in the past eight months, each of them for cash.
"These buyers don't seem to care about economic fluctuations," Lowman said. "They are very discriminating in their choice and expect near-perfection."
Lowman brokered the sale of a $5.8 million home in The Ridges subdivision of Summerlin in 51 days.
Read Entire Article
Real Estate PapazazziCosmetic dentist sells one residence, buys another in Summerlin
BY JOAN SCHILLER TRAVIS
LAS VEGAS REVIEW-JOURNAL
JAN. 27, 2008
… Lowman said the upper end of the Las Vegas housing market has held up reasonably well during the current slump.
'The ultra-luxury market remains the best performing part of the residential real estate market today," Lowman said. "We have had four closings in the past five months for over $3,000,000 and I have finished the year with more momentum than it began."…
Read Entire Article
Meadows Bank's first phase features ecofriendly touches
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
JAN. 21, 2008
… RECORD YEAR: Luxury Homes of Las Vegas reported $41.7 million in sales volume last year, a 27 percent increase from $32.8 million in 2006. The year included the sale of three homes at $5 million or more and four homes at $3 million or more.
Luxury Homes owner Ken Lowman said the "ultraluxury" home market, or homes more than $3 million, remains strong in Las Vegas, relatively unaffected by the mortgage crisis. He predicts $50 million in luxury home sales this year…
Read Entire Article
Broker sees record sales year for ultraluxury market
Group counts 49 local deals exceeding $3 million in 2007
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
OCT. 15, 2007
There's no credit crunch in Las Vegas' luxury home market, broker Ken Lowman said.
A retired gaming executive recently paid cash for a $5.1 million home in Promontory at The Ridges, closing escrow in six business days, the owner of Luxury Homes of Las Vegas said. The home was on the market for 81 days.
"This sale shows how solid the ultraluxury market is in Las Vegas and where it may be headed," Lowman said. He considers anything over $3 million to be "ultraluxury."
Read Entire Article
North Las Vegas condo project facing delays
CL3 Lofts was slated to open in August
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
SEP. 10, 2007
FAST CLOSING: Ken Lowman of Luxury Homes of Las Vegas said he closed escrow on a $1.35 million condo at Turn- berry Place in two business days, his fastest closing ever.
He said it usually takes 30 to 45 days to close escrow, which requires a preliminary title report, obtaining the seller's loan payoff amount, processing the buyer's loan, paying off taxes and association dues and getting escrow documents signed and notarized.
Read Entire Article
Going, going, gone: Sold for $1,000 square foot
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
JUL. 25, 2007
A custom home in the exclusive Promontory at The Ridges subdivision of Summerlin sold for nearly $7.9 million, believed to set a record at more than $1,000 a square foot, broker Ken Lowman of Luxury Homes of Las Vegas said.
A Washington couple, the Rosa Family Trust, purchased the 7,519-square-foot home in an all-cash transaction at 96 percent of its listed $8.2 million price, Lowman said. They closed escrow Friday.
Read Entire Article
Home slump in LV persists
BY HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
MAY 17, 2007
Luxury home sales ($1 million or more) declined 18 percent in the first quarter to 132, but April sales jumped to 53, two more than a year ago, said Ken Lowman, owner of Luxury Homes of Las Vegas. The average price rose to $1.79 million, compared with $1.26 million in April 2006.
Lowman said more homes are selling in the "ultrahigh end of the market," including eight in April above the $3 million mark.
"I foresee this trend to continue as higher lot and construction prices have led to more homes being constructed and sold over $3 million than ever before in our history," Lowman said. "We also have a steady stream of qualified buyers in this price range relocating to Las Vegas."
Read Entire Article
Clippings
<< back to top
