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Stellar Year for Las Vegas Luxury Home Sales

November 2, 2017

Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas reports that the Las Vegas luxury home market is on pace for its best year in the past ten with sales of 364 luxury homes over $1 million in the last year. A year ago that number was 268 closed sales, meaning an approximate 35% increase in the number of luxury homes sold. “With about 400 luxury homes presently on the market and our present sales rate we are in a very solid and balanced market. Buyers have a fair inventory to view and sellers see a steady stream of qualified, cautious buyers who are purchasing,” Lowman noted. About 20% of the luxury home sales in Las Vegas are located in the master planned community of Summerlin, spread amongst guard gated neighborhoods like The Ridges where custom homes typically sell in the $2 to $6 million range.

“The future looks bright with many luxury home buyers coming from all across the US, internationally and locally. We have new communities raising the bar for luxury home prices and quality, such as The Summit Club where Homesites start at $3 million. World class communities like this will attract buyers that might have passed over Las Vegas previously. With two professional sports franchises we will see a nice addition to the number of luxury home buyers in Las Vegas,” Lowman pointed out. Luxury Homes of Las Vegas is also enjoying one of its best sales years ever. Lowman attributes that to deep market knowledge, great customer service and a capable team assisting him.

The Broker/Owner of Luxury Homes of Las Vegas, Kenneth Lowman, has specialized in the Las Vegas luxury real estate market for 24 years and is considered one of the experts in the marketplace. He employs a staff of six to assist him in the marketing and sales of luxury homes in and around Las Vegas. He can be reached at 702-216-4663 or klowman@luxuryhomeslv.com or on his website at www.luxuryhomesoflasvegas.com.

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LUXURY HOMES OF LAS VEGAS