The word of the year for 2012 Las Vegas luxury real estate was appreciation! Home prices actually appreciated again. The median Las Vegas home price appreciated 24% according to the Greater Las Vegas Association of Realtors. The Las Vegas luxury home market generally lags what happens in the lower and middle portions of the market and we are just now seeing reduced inventory and rising prices in the luxury market. Homes that sell for over $500,000 make up just 2% of the total number of homes sold in Las Vegas, so the median home price appreciation is not a very accurate indication for luxury home values. The good news is that the luxury market is gaining steam just like the rest of the market. We anticipate a very good 2013 with strong buyer demand, fewer properties competing for the luxury home buyer, and a continued rise in prices!
Here are some of the many fine neighborhoods in Las Vegas luxury real estate and Henderson luxury real estate that demonstrate luxury home price appreciation:
Neighborhoods featuring Las Vegas Luxury Homes:
Anthem Country Club | Bellacere | Canyon Gate Country Club | Canyon Fairways | Eagle Hills | Lake Las Vegas | Macdonald Highlands | Mountain Trails | Queensridge | Red Rock Country Club | Seven Hills | Spanish Hills | Spanish Trail | Summerlin Luxury | Tournament Hills | The Estates at Southern Highlands | The Ridges in Summerlin | Arrowhead at the Ridges | Azure at the Ridges | Boulder Ridge at the Ridges | Fairway Pointe at the Ridges | Falcon Ridge at the Ridges | Promontory at the Ridges | Redhawk at the Ridges Rimrock at the Ridges | The Pointe at the Ridges | Topaz Ridge at the Ridges
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