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4 Things to Know Before Buying a Midcentury Modern Las Vegas Home
RealEstate.USNews.com

And, of course, the home is simply older. “The most important thing buyers need to realize is it’s like they’re buying an antique car,” says Kenneth Lowman, broker/owner of Luxury Homes of Las Vegas. “A midcentury modern home is going to need more tender, loving care, and there might be some things you have to live without.”



Luxury Developer Giving Away Free Lot
Yahoo Finance, Sep 29, 2016

Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas, announced that the developer of Carmenere at Southshore in Lake Las Vegas, Rainbow NEV, LLC, will be giving away a free lot to the lucky winner of the Rainbow Contest.

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You Can Buy Mike Tyson’s Former Mansion For $1.5 Million
Fortune.com, Mar 15, 2016

In the market for a new home?

A mansion owned by Mike Tyson, the former pro boxer and heavyweight champion, has appeared for sale on a luxury real estate website, CNBC reports.

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Mike Tyson’s Las Vegas mansion on sale for $1.5 million
CNBC.com, Mar 14, 2016

Looking for some property in Las Vegas?

Mike Tyson’s former mansion just went on the market, according to a local listing. For $1.5 million, the lucky owner can take possession of this five bedroom, six bathroom estate.

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Go Inside Mike Tyson’s For Sale Las Vegas Home
UptownMagazine.com, Mar 14, 2016

Mike Tyson has purchased a larger Henderson, Nevada home, so he’s put his first home in the bedroom community of Las Vegas up for sale. Let’s take a peek into the 5,800-square-foot homelocated at 1294 Imperia Drive.

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Mike Tyson’s Las Vegas mansion is on sale for $1.5 million
FoxSports.com, Mar 14, 2016

If you have a spare $1,499,999 lying around, you might be able to buy Mike Tyson’s five-bedroom home in Henderson, Nevada, just a few minutes away from Las Vegas. Tyson bought the home in 2007 from former NBA player and current analyst Jalen Rose, according to AZ Central, and recently purchased a new $2.5 million home in the same neighborhood.

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Mike Tyson selling massive Vegas home (No Tiger Cages)
TMZ.com, Mar 13, 2016

Tyson’s realtor, Ken Lowman, says the whole place was remodeled earlier this year — and looks awesome.
The only thing that’s missing… there’s no real tiger cage like the one he supposedly has in his home in “The Hangover.”

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Mike Tyson spent $2.5M to move down the street
ReviewJournal.com, Mar 11, 2016

Mike Tyson recently spent $2.5 million to move four doors down from his $1.5 million house in Seven Hills. The old $1.5 million place, according to Luxury Homes of Las Vegas, is a five-bedroom, six-bathroom, 5,740-square-foot family home in Henderson.

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Mike Tyson buys new Las Vegas home
Today.com, Feb 15 20, 2016

Mike Tyson is racking up homes along one Las Vegas street the way he used to collect heavyweight titles. The vicious-boxer-turned-jokey-entertainer just forked out $2.5 million for a 10,400-square-foot mansion a short walk from his current home in a suburban golf course community.

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Former Boxing Champ Mike Tyson Scores $2.5M Home in Henderson
FoxNews.com, Jan 20, 2016

Former heavyweight boxing champ Mike Tyson, whose life and career have had more than their share of knockdowns, is apparently back on his feet again. Tyson and his wife have bought a 10,401-square-foot home in Henderson, NV, for $2.5 million, moving up from a smaller home in the same Las Vegas suburb.

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Boxing champ Mike Tyson lands a $2.5-million home near Las Vegas
LATimes.com, Jan 23, 2016

Former professional boxer Mike Tyson has added a new trophy to his collection: A 10,401-square-foot mansion in the Las Vegas suburbs. Tyson recently paid $2.5 million for an Italian-style home in gated Seven Hills, a golf course community in Henderson, Nev., where he and his wife have made their home since 2008, according to the Las Vegas Review-Journal.

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Former Boxing Champ Mike Tyson Scores $2.5M Home in Henderson
Realtor.com, Jan 20, 2016

Former heavyweight boxing champ Mike Tyson, whose life and career have had more than their share of knockdowns, is apparently back on his feet again. Tyson and his wife have bought a 10,401-square-foot home in Henderson, NV, for $2.5 million, moving up from a smaller home in the same Las Vegas suburb.

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Mike Tyson sells Vegas mansion… and buys an even bigger one at the other end of street
Dailymail.co.uk, Jan 21, 2016

The former boxing champ, 49, and his wife closed on their 8,149-square-foot mansion in Henderson, Nevada on December 28 for $2.5million. The new home is just down the street from his former house, which has been listed for $1.5million. According to county records, Tyson bought that home in 2008 for $1.75million from NBA player Jalen Rose.

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Call Mike Tyson your neighbor by buying his former home in Henderson
VegasInc.com, Jan 19, 2016

Iron Mike has some flashy new digs.

Former boxing champ Mike Tyson recently bought a two-story, 8,149-square-foot mansion in the Seven Hills area of Henderson for $2.5 million, just down the block from his old house.

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Mike Tyson buys Henderson home for $2.5 million — PHOTOS
ReviewJournal.com, Jan 14, 2016

Boxing legend Mike Tyson has purchased a 10,000-square-foot home in Seven Hills golf community, according to Kenneth Lowman, broker and owner of Luxury Homes of Las Vegas. Public records showed Tyson and his wife, Lakika Tyson, paid $2.5 million for the home, which does not sit on the golf course.

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Las Vegas luxury realtor puts Canyon Gate dream home on the market
ReviewJournal.com, Jul 29, 2015

Standing beneath an ornate chandelier in the circular, stone-walled foyer of his Canyon Gate dream home, broker Ken Lowman uses a description not common in the Las Vegas real estate scene. In a town filled with Tuscan and French-country references, he mentions a different region of the Old World. “It’s Andalusian,”Lowman said, referencing the dramatic architecture of southern Spain’s Andalusia, a region which has been shaped by successive Roman, Visigothic, Moorish and Castillian cultures. It’s an Iberian blend that entrancingly mixes European and North African influences.

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Record Setting Las Vegas Luxury Home Sales
Reuters.com, Jun 4, 2015

Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas, announced that Luxury Homes of Las Vegas sold three Las Vegas luxury homes over $1 million dollars in May leading the way with a 15% share of the sales in the Las Vegas market.


The Ridges offers luxury community within Summerlin — PHOTOS
ReiviewJournal.com, Apr 29, 2015

Luxury Homes of Las Vegas owner Kenneth Lowman has brokered real estate transactions within The Ridges since 2004. His company has three active home listings within the village and Lowman himself has purchased a custom lot on which to develop his own luxury home.

“The Ridges have about 450 custom homes, the highest concentration anywhere within the Las Vegas Valley, which makes living here a unique experience,” Lowman said. “Amenities at The Ridges include the proximity to both Red Rock Canyon National Conservation Area and the Downtown Summerlin shops, the Bear’s Best Golf Course, the security of a guard-gated community and the spectacular views.”

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Photos: Party penthouse near the Strip for sale for $1.8 M
LasVegasSun.com, Apr.29, 2015

A luxurious party house located on two floors of Allure Tower near the Las Vegas Strip is on the market for just under $1.8 million…

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Las Vegas Luxury Home Market On The Move
MyFoxNepa.com, Sept.17, 2014

Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas, announced that the Las Vegas luxury home market is moving briskly in 2014.


Q&A with Ken Lowman, broker-owner of Luxury Homes of Las Vegas
Las Vegas Business Press, March 31, 2014

Leading luxury Realtor Ken Lowman may seem like a long way from his career as an engineer, but he doesn’t see it that way.

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Best Year Ever for Luxury Homes of Las Vegas Broker
Reuters, January 9, 2014

Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas, announced his best sales year ever in 2013. Lowman has been selling real estate for 25 years so it is a telling sign that 2013 was his best year ever. Among his accomplishments were: $73 million in personal luxury home sales, $150 million in company sales, a new record for total personal luxury home units sold and an average sales price of over $1.2 million.


Las Vegas Luxury Home Sales Surge
Ken Lowman on CBS Channel 8 News – 5pm Show

Aaron Drawman from CBS Channel 8 News in Las Vegas interviews Ken Lowman from Luxury Homes of Las Vegas about the recent luxury luxury home sales surge. Go inside Carlos Santana’s home for sale in The Ridges, one of the nation’s finest luxury neighborhoods. This interview aired on 7-25-2013 at 5pm.


Las Vegas Luxury Home Sales Surge
Ken Lowman on CBS Channel 8 News – 6pm Show

Aaron Drawman from CBS Channel 8 News in Las Vegas interviews Ken Lowman from Luxury Homes of Las Vegas about the recent luxury luxury home sales surge. Go inside Carlos Santana’s home for sale in The Ridges, one of the nation’s finest luxury neighborhoods. This interview aired on 7-25-2013 at 6pm.


First Quarter 2013 Million Dollar Home Sales Hot for Luxury Homes of Las Vegas
San Francisco Chronicle, April 16, 2013

Kenneth Lowman Broker/Owner of Luxury Homes of Las Vegas reported strong luxury home sales in the first quarter of 2013 for Las Vegas and Henderson, Nevada. There were a total of 54 luxury homes sold at or over $1 million in the first quarter of this year; this compares to just 33 luxury homes sold in the first quarter of 2012.


August Million Dollar Home Sales Hot for Luxury Homes in Las Vegas
LA Daily News, October 02, 2012

Kenneth Lowman Broker/Owner of Luxury Homes of Las Vegas reported strong luxury home sales in the month of August for Las Vegas and Henderson, Nevada. There were a total of 19 luxury homes sold at or over $1 million in August. This compares to just 11 luxury homes sold in August, 2011, a nearly 58% increase…

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Luxury Homes of Las Vegas Uses Technology to Enhance Sales
San Francisco Chronicle, August 08, 2012

The game is changing fast, prices are rising and multiple offers are back in the luxury real estate market. How does a Realtor keep up with these changing times? More and more luxury Realtors use technology to get an edge. Ken Lowman, Broker/Owner of Luxury Homes of Las Vegas took time out from his busy day selling luxury homes in Las Vegas to talk about the technology used in his business…


Sales Brisk in Red Rock Country Club for Luxury Homes of Las Vegas
San Jose Mercury News, May 09, 2012

Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas, reported strong luxury home sales in Red Rock Country Club, a guard gated golf course community in Summerlin, Las Vegas, Nevada. He has sold five luxury homes in Red Rock Country Club in the past few months ranging in price from $465,000 to $1,235,000. A few months further back he closed an ultra- luxury home sale for $2,500,000.


Luxury Homes of Las Vegas Reports Record Setting Month
YAHOO FINANCE, April 2, 2012

Kenneth Lowman Broker/Owner of Luxury Homes of Las Vegas reported a record month in Las Vegas luxury home closings for March 2012. He closed approximately $10 million in Las Vegas luxury real estate for the month with 14 total closings. The highest sale for the month was $1,500,000. “This was our best closing month in two years. We have been working hard and smart through some very challenging months and it’s good to see our efforts paying off for our clients,” Lowman noted.


As Seen in Southern Nevada Equestrian Quarterly Magazine
The first quarter of 2012 has broken fast from the starting gate! Robin Compagno, Las Vegas Equestrian Property Specialist from Luxury Homes of Las Vegas, has successfully sold and closed two equestrian estates over $700,000 each in the North and North West part of the valley. Robin has also negotiated a two year lease of a spectacular horse property in the Calico Basin area to a large nationwide corporation.


Las Vegas Luxury Home Market still yields Sales
YAHOO FINANCE, November 7, 2011

Kenneth Lowman Broker/Owner of Luxury Homes of Las Vegas just released the luxury home market sales statistics for October 2011. October produced 12 luxury home sales valued at or above one million dollars. This compares to just 7 sales in October 2010 and is equal to the 12 sales in October 2009.


Bank-owned Houses: Curb Appeal Goes Out the Window
By STEVE YODER, The Fiscal Times, June 24, 2011

The situation is different in the more affluent enclaves where Las Vegas realtor Ken Lowman works. In high-end Las Vegas markets, such as Southern Highlands, it’s rare to find bank-owned properties that aren’t well taken care of, he says. Banks pay close attention to the condition of these properties because they’ll likely get back the money they put into maintenance and repair — on a $4 million sale, green lawns, clean windows and well-kept pools, have a big impact on the sales price…

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Swiss TV Interviews Kenneth Lowman of Luxury Homes of Las Vegas
LAS VEGAS, May 16, 2011

Swiss TV is the primary public broadcaster for the country of Switzerland. They have three channels and a Washington, D.C. bureau that covers news, politics, and other U.S. based stories for nightly news programs in Zurich, Geneva and Lugano. Sylvie Deroche, producer for Swiss TV, said, “we are pleased to have Kenneth Lowman in our story as it was obvious to us he has the pulse on the luxury real estate market in Las Vegas.”


Kenneth Lowman Selected as Top Agent Nationwide
LAS VEGAS / PRNewswire via COMTEX
April 12, 2011

The Broker/Owner of Luxury Homes of Las Vegas, Kenneth Lowman, has been selected by Top Agent Magazine as their national top agent for April, 2011. Top Agent Magazine seeks out the most successful and unique Realtors and companies to feature their accomplishments and profiles in in-depth stories. The magazine includes motivating articles and the newest trends and products in the marketplace.


Ken Lowman Featured in Top Agent Magazine

Ken Lowman, founder and principal broker of Luxury Homes of Las Vegas, grabbed national media attention last April when he chartered a private jet to fly affluent buyers to Las Vegas to tour luxury homes in foreclosure. The event was featured nationwide on television programs such as NBC Today, ABC Nightline, Inside Edition and Fox Business News, as well as in prominent newspapers such as The New York Times, the Los Angeles Times, the Wall Street Journal and others.

top-agent
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Social media a tool for real estate pros
Facebook, Twitter become the new norm for Las Vegas agents
BY AMANDA FINNEGAN, IN BUSINESS REPORTER, LAS VEGAS SUN, NOVEMBER 12, 2010

Ken Lowman, who owns Luxury homes of Las Vegas, posts listings through his Facebook page, where his company’s presence is smaller than Nolf’s with 129 fans. His presence through YouTube is much larger, where Lowman does property tours for almost all of his listings. Lowman’s massive, multimillion dollar luxury listings lend themselves to that type of media, where another agent’s smaller condos might not…

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Las Vegas Luxury Real Estate Market mixed
OCTOBER 28, 2010

Luxury Homes of Las Vegas just released their 3rd quarter luxury real estate market report.


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.


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…

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Ken Lowman is featured on The Today Show Discussing the Luxury Home Market in Las Vegas Nevada
JUNE 25, 2010


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


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.”


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.”

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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.


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…

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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.

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Television Interview with Ken Lowman on the NBC Channel 3 In-Business Las Vegas News Segment
FEBRUARY 2010


A variety of Television News Stories regarding Ken Lowman’s Sale of Actor Nic Cage’s Foreclosed Home in Las Vegas
FEBRUARY 2010


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…

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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…

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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…

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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…

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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…

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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.”

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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…

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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…

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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.

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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.”

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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…

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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.”

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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.

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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.

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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.”

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