Insight Report | Q2 2018

insi gh t Las Vegas 2018 | Second Quarter

Green Valley Office

MacDonald Highlands Office

overview Las Vegas real estate is experiencing historic growth and exciting changes once again!

Our market is being defined by demand as it continues to outpace supply, and home values are moving up in majority of the price ranges.

The highest demand continues to be seen in the sub$500,000 market, where if you go below $300,000 it was common to have multiple offers. In fact, almost 80% of the homes coming to market in this segment went to contract in under 30 days.

While the lower end saw a continued demand, the upper tier was not far behind. There have been 450 residential transactions in the luxury ($750k+) segment putting us up 30% in sales volume over the same time last year and the time on market has gone down on average almost 20%.

The influx of residents from California, as well as those in the higher taxed states continues, most of whom are attracted to the strong benefits of our favorable tax climate, cost of living and quality of life are the primary drivers of the market. We continue to draw large numbers of people that like to call Las Vegas their second home as well as investors looking to capitalize on the strong rental market.

home builders are putting their mark on this community.

The combination of incredible designs and stunning views are what make MacDonald Highlands a truly spectacular development.

Las Vegas continues to evolve with two new changes to the Las Vegas Strip. First, the Monte Carlo has officially been “retired” and Park MGM will take its place. The new identity was recently announced, and the resort transformation is slated for completion by the end of the year. This includes a partnership with New York based lifestyle hotelier, the Sydell Group, and includes their renowned NoMad experience comprising 292-rooms on the top four floors as well as the urban parks and gardens that will be European inspired.

The second significant change is a conversion of Mandarin Oriental to a Waldorf-Astoria property, slated for the third quarter. There are plans for renovation and reimagining with brand elements and improvements. This should prove to further garner interest in this exceptional property to clients the world over.

Summerlin remains one of the top selling areas with active new home communities including The Cliffs, The Paseos, The Ridges, Stonebridge and Reverence. The luxury communities significantly increased sales activity over 2017. Summerlin marked the first half of 2018 with strong new home sales, topping last year’s year over year by 64%.

Leading Summerlin to the #3 spot on a list of the country’s best-selling master-planned communities, according to a report recently released by national real estate consultant RCLCO.

When it comes to sports, Las Vegas is all in! It was an amazing inaugural year for our Golden Knights who managed to make it to the Stanley Cup finals. While we didn’t end up winning it all, we did put on a great showing and there is no doubt that our community is in complete support. As football season draws near, the excitement for our Raiders continues to increase. The first round of club seats has already sold out and the next round is expected to be met with the same demand. Our new WNBA team, The Aces, had their first home game at Mandalay Bay Events Center and we are looking forward to watching their success. The new stadium for our minor league baseball team the 51’s is underway in Downtown Summerlin just south of City National Arena, which only adds to the popularity of the area!

To the east, MacDonald Highlands continues to set sales records. Nestled in the McCullough mountains and anchored by the Dragonridge Country Club, these custom homes and lots are in great demand. A number of custom

As always, if you are looking to buy or sell, please let one our experienced agents assist you in navigating our real estate market and help you make the best deal possible.

We look forward to being of service.

Summerlin Office

table of contents

2 overview

16 communities

6

globally connected

30

golf course living

8

by the numbers

32

top selections

13

news + notes

second quarter 2018 |

insight

3

about us

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 70 countries, with over 21,000 associates across 930 offices, we have the capacity to offer our clients a level of talent and marketing expertise unlike any other.

PUBLISHER

Gene Northup MANAGING BROKER

Don Kuhl BROKER MANAGER

Brittany Olsson MANAGER

Kyle Northup DESIGNER

Lindsay Rohlfsen PHOTOGRAPHY

JPM Studios COPYWRITER

Melissa Whitaker

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.

ABOUT THE MAGAZINE Synergy Sotheby’s International Realty publishes Insight, a market report magazine each quarter. All materials are copyrighted and can not be reprinted or duplicated without permission, including photographs, artwork, designs and text. The publication is distributed without charge to readership throughout Southern Nevada. Additional copies and advertising information can be requested by contacting Synergy Sotheby’s International Realty.

Whether you are interested in learning more about current market conditions, or are considering representation in the sale of your home, please give us a call and we can discuss how Synergy Sotheby’s International Realty may be of service to you.

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

702.360.1414 | insight@synergysir.com

VIEW MORE PROPERTIES:

www.synergysir.com

#VEGASSTRONG

las vegas born | globally connected

6

950

22,000

Offices Worldwide

Associates Worldwide

1.3B

$

From 1,410 Closed Referrals

29M Annual Visitors

108B

$

Total worldwide Sale 2017

65% International Visitors

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

insight | second quarter 2018

significant sales

597 St Croix: $8,000,000

591 Lairmont: $5,500,000

24 Via Tiberius: $5,880,000

top 10 sales in Q2 2018 $8.5M $7.7M $5.0M $4.1M $3.9M

5990 W PATRICK 731 DRAGON RIDGE 14 SABLE RIDGE 10100 SUMMIT CANYON 2 OLYMPIA HILLS

$3.8M $3.5M $2.8M $2.8M $2.4M

39 SKYBIRD 16 SUN GLOW 52 WILDWING 20 HAWK RIDGE 21 MEADOWHAWK

second quarter 2018 |

insight

7

by the numbers Single family homes

*

Luxury is $750,000 and up

**

1353 Dilevante: $6,750,000 6 Beds | 9 Baths | 11,718 Sq Ft

LUXURY SINGLE FAMILY HOMES** Distribution of Sales by Location

$750K-$1M

$1M-$1.49M

$1.5M-$1.99M

North North West South West East

$2M-$4.99M

>$5M

South Henderson

Distribution of Sales by Price

North

North West

$750k - $1M $2M - $4.99M

South

South West

$1M - $1.49M >$5M

East

Henderson

$1.5M - $1.99M

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%

10%

20%

30%

40%

50%

Above

60%

Equal

70%

80%

90%

100%

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%

10%

20%

30%

<30

40%

30-90

50%

90-120

60%

120-180

70%

80%

90%

100%

180+

ALL SINGLE FAMILY HOMES* Distribution of Sales by Sales Price

<$100K

$100K-$250K

$250K-$499K

$500K-$749K

$750K-$1M

$1M-$1.49M

$1.5M-$1.99M

$2M-$4.99M

Distribution of Sales by Location

>$5M

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

North

North West

South

South West

North North West South West East

East

Henderson

South Henderson

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9

by the numbers | Q2 2017 VS Q2 2018 *Single family residential

TOTAL MARKET* Single Family Homes

SALES

AVG SALES PRICE

AVG DAYS ON MARKET

AVAILABLE LISTINGS

-5%

+16%

-24%

-18%

SALES

AVG SALES PRICE

AVG DAYS ON MARKET

AVAILABLE LISTINGS

+30%

+3%

-20%

-5%

LUXURY MARKET* $750k and up

$8.5M

3

89135

12.6m

123

sale in Q2 2018

offices in southern Nevada

over $750,000

search views

homes

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

19% of all sales over $750,000 were within 89135. The runner up was 89052 with 12%.

Sotheby’s Int’l Realty marketing produced 12.6 million property views in Q2 2018.

There were 101 homes over $1,000,000 sold in Southern Nevada in Q2 2018.

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

$8,500,000 is the highest priced home to sell in the second Quarter of 2018.

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

A Unique Collaboration Our alliance with Sotheby's is our unique difference. The properties represented by our network are exclusively featured in Sotheby's auction house marketing programs including high profile client events, showcases in the signature publications, and in digital newsletters and on sothebys.com.

SOTHEBY'S INTERNATIONAL REALTY AFFILIATES LLC

news + notes

Upcoming Auctions PIERRE BERGÉ FROM ONE HOME TO ANOTHER 29 - 31 OCTOBER 2018 | PARIS In what is set to be one of the most hotly-anticipated highlights of the 2018 auction calendar, Sotheby’s and Pierre Bergé & Associés will later this year offer for sale the extraordinary contents of the various homes of... read entire story at sothebys.com

RM SOTHEBY’S: LONDON 05 SEPTEMBER 2018 | 6:00 PM BST | LONDON RM SOTHEBY’S LONDON auction has been one of the most successful sales on the European calendar since 2007, known for its electric atmosphere and specializing in everything from imposing Edwardians to modern supercars. The official auction of the UK’s celebrated Concours of Elegance, this well-established sale is held in Battersea Park in central London, just a short stroll from Chelsea. Arrive a few days early... read entire story at sothebys.com

ROYAL JEWELS FROM THE BOURBON PARMA FAMILY 12 NOVEMBER 2018 | TBD | GENEVA One of the most important royal jewellery collections ever to come to auction is set to capture the world’s imagination when it comes for sale at Sotheby’s in Geneva on 12 November 2018. Entitled “Royal Jewels from the Bourbon-Parma Family”, the auction will span centuries of European history, from the reign of Louis XVI to the fall of the Austro-Hungarian Empire, and will offer fascinating insights into the splendour of one of Europe’s most important royal dynasties... read entire story at sothebys.com

second quarter 2018 |

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13

news + notes

Under Lock & Key: Mike Kelley’s Subterranean Legacy

BY SOTHEBY’S | 26 JUN 2018 work by the American artist Mike Kelley is currently on display as part of ARTISTS FOR ARTANGEL: A Fund for the Future at the Cork Street Galleries, and is offered for sale in an auction to raise money to support future projects by London-based organisation Artangel.

Mike Kelley was a hugely important cultural figure, and had a profound influence on how contemporary art is experienced by audiences today. Known widely for his performance and installation work (though he also worked extensively in painting, photography and video) he enjoyed major exhibitions at MoMA PS1, Tate Liverpool, the Stedelijk Museum and presentations at the Venice Biennale and Whitney Biennial.

Kelley’s practice presented an unorthodox, yet honest commentary on American culture through the eyes of a voracious image-maker. Kelley’s contribution to the contemporary American art is well-documented, and his untimely death in 2012 sent shockwaves through the art world internationally, such was his significance in the community.

Kelley was a great collaborator, and worked with artists and musicians such as Tony Oursler, Raymond Pettibon, Jim Shaw and the band Sonic Youth throughout his career — reinforcing his desire to keep an open discourse with other creative practitioners... read entire story at sothebys.com

21 Facts About Jean-Michel Basquiat

BY KATHLEEN WHITE | 09 JUL 2018 1. Jean-Michel Basquiat was born on 22 December 1960, in Brooklyn, New York. His father, Gérard, was born in Port au Prince, Haiti, and his mother Matilde was a New York-native of Puerto Rican descent. In this multicultural home, the artist grew up speaking Spanish, French and English.

2. Basquiat became a junior member of the Brooklyn Museum, his favorite museum, at the age of six. In the spring of 2018, the museum hosted One Basquiat an exhibition devoted solely to the artist’s record-breaking Untitled (1982) which was purchased at Sotheby’s by Japanese collector Yusaku Maezawa for $110.5 million dollars — the most ever paid for an American artist at auction.

3. At eight-years-old, Basquiat was hit by a car while playing in the street and suffered a broken arm and severe internal injuries. While he was recuperating, his mother brought him a copy of the foundational medical textbook Gray’s Anatomy. The volume’s detailed anatomical drawings were eye opening to the young artist. Years later Basquiat named his industrial art noise band Gray (which counted actor Vicent Gallo as a member) in homage to this early influence. read entire story at sothebys.com 14

insight | second quarter 2018

news + notes

Three of a Kind: Rolex

BY SOTHEBY’S | 10 JUL 2018 Choosing a Rolex watch is always a good idea. Whatever the price point, the brand always offers classic design, quality materials and a touch of class. Here are three different options whatever your budget. read entire story at sothebys.com

Andy Warhol and His Process

BY ROGER KAMHOLZ | 10 NOV 2013 NEW YORK - Andy Warhol famously told Art News interviewer Gene Swenson, “The reason I’m painting this way is that I want to be a machine, and I feel that whatever I do and do machine-like is what I want to do.” Warhol was referring to his newfound process of silk-screen printing images repeatedly onto a single canvas. This act of undermining any translation or evidence of the artist’s hand in favor of a massproduced, machine-like look appealed to Warhol. Once he discovered the process and implications of working with silk screens, the content of Warhol’s output as a painter became inextricably linked to the process by which he created his art.

Warhol’s grid-like paintings of dollar bills from 1962 are his earliest attempts at silkscreen printing, when the artist was still getting to know the process. At that time he used his own drawings as the basis to create the silk-screened print. He reportedly was not entirely happy with the result, calling 129 Die in Jet!, another painting based on a drawing, “smeary.” But Warhol soon learned that it was possible to use photographs as the basis for a silk-screen print, and the resulting image proved much sharper – though not too sharp – and thus to Warhol’s liking.

Warhol’s Liz #1 (Early Colored Liz), which will be featured in Sotheby’s upcoming Evening sale of Contemporary Art on November 13, illustrates well Warhol’s process as a painter. read entire story at sothebys.com second quarter 2018 |

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15

communities

100 Rancho Circle: $5,500,000

16

insight | second quarter 2018

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.

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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.

2018 Q2

2017 Q2

Change

23

30

-7

Average Sales Price

$2,903,459

$2,479,294

$25,000

Sales Price (Max)

$8,900,000

$5,500,000

$3,400,000

Sales Price (Min)

$1,075,000

$1,050,000

$25,000

$453

$403

$50

84

92

(8)

Sales

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.

2018 Q2

2017 Q2

Change

49

61

-12

Average Sales Price

$1,126,182

$958,860

$35,000

Sales Price (Max)

$3,780,000

$2,100,000

$1,680,000

Sales Price (Min)

$540,000

$505,000

$35,000

$270

$251

$19

65

67

(2)

Sales

Avg $/SF Avg Days On Mkt

18

insight | second quarter 2018

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.

2018 Q2

2017 Q2

Change

3

3

0

Average Sales Price

$2,158,333

$2,283,300

$(250,000)

Sales Price (Max)

$2,375,000

$2,499,900

$(124,900)

Sales Price (Min)

$1,800,000

$2,050,000

$(250,000)

$344

$294

$50

89

175

(86)

Sales

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.

2018 Q2

2017 Q2

Change

5

7

-2

Average Sales Price

$1,314,600

$1,241,786

$85,000

Sales Price (Max)

$1,885,000

$1,725,000

$160,000

Sales Price (Min)

$950,000

$865,000

$85,000

$257

$281

$(24)

80

59

21

Sales

Avg $/SF Avg Days On Mkt

second quarter 2018 |

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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.

2018 Q2

2017 Q2

Change

5

8

-3

Average Sales Price

$1,571,980

$1,421,625

$339,900

Sales Price (Max)

$2,145,000

$2,200,000

$(55,000)

Sales Price (Min)

$1,189,900

$850,000

$339,900

$310

$278

$32

43

152

(109)

Sales

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.

2018 Q2

2017 Q2

Change

3

1

2

Average Sales Price

$2,466,667

$678,882

$1,138,000

Sales Price (Max)

$4,100,000

$2,300,000

$1,800,000

Sales Price (Min)

$1,500,000

$362,000

$1,138,000

$281

$205

$76

86

85

1

Sales

Avg $/SF Avg Days On Mkt

20

insight | second quarter 2018

mountain trails 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.

2018 Q2

2017 Q2

Change

1

3

-2

Average Sales Price

$2,000,000

$1,850,000

$700,000

Sales Price (Max)

$2,000,000 *

$2,500,000

$(500,000)

Sales Price (Min)

$2,000,000

$1,300,000

$700,000

$228

$265

$(37)

3

100

(97)

Sales

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 Tournament Players Club (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.

2018 Q2

2017 Q2

Change

4

6

-2

Average Sales Price

$1,255,000

$1,040,250

$80,000

Sales Price (Max)

$1,565,000

$1,225,000

$340,000

Sales Price (Min)

$830,000

$750,000

$80,000

$231

$200

$31

25

133

(108)

Sales

Avg $/SF Avg Days On Mkt

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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.

2018 Q2

2017 Q2

Change

6

3

3

Average Sales Price

$849,167

$971,000

$150,000

Sales Price (Max)

$945,000

$1,388,000

$(443,000)

Sales Price (Min)

$775,000

$625,000

$150,000

$229

$234

$(5)

69

39

30

Sales

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.

2018 Q2

2017 Q2

Change

3

3

0

Average Sales Price

$1,441,667

$1,351,667

$97,500

Sales Price (Max)

$1,515,000

$1,417,500

$97,500

Sales Price (Min)

$1,360,000

$1,262,500

$97,500

$308

$263

$45

58

35

23

Sales

Avg $/SF Avg Days On Mkt

22

insight | second quarter 2018

country club hills Set along the Tournament Players Club (TPC) 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.

2018 Q2

2017 Q2

Change

4

5

-1

$919,250

$1,035,800

$55,998

Sales Price (Max)

$1,015,000

$1,400,000

$(385,000)

Sales Price (Min)

$839,998

$784,000

$55,998

$211

$226

$(15)

75

65

10

Sales Average Sales Price

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.

2018 Q2

2017 Q2

Change

26

9

17

$814,123

$1,463,000

$(95,000)

Sales Price (Max)

$2,500,000

$6,200,000

$(3,700,000)

Sales Price (Min)

$505,000

$600,000

$(95,000)

$216

$221

$(5)

45

88

(43)

Sales Average Sales Price

Avg $/SF Avg Days On Mkt

second quarter 2018 |

insight

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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.

2018 Q2

2017 Q2

Change

21

18

3

$791,295

$885,244

$(36,500)

Sales Price (Max)

$1,448,800

$2,000,000

$(551,200)

Sales Price (Min)

$366,000

$402,500

$(36,500)

Avg $/SF

$215

$204

$11

Avg Days On Mkt

106

134

(28)

Sales Average Sales Price

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.

2018 Q2

2017 Q2

Change

20

12

8

$1,028,141

$1,327,975

$(85,078)

Sales Price (Max)

$3,950,000

$3,600,000

$350,000

Sales Price (Min)

$444,922

$530,000

$(85,078)

$242

$233

$9

30

93

(63)

Sales Average Sales Price

Avg $/SF Avg Days On Mkt

macdonald highlands 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.

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.

2018 Q2

2017 Q2

Change

26

16

10

Average Sales Price

$1,617,081

$1,091,469

$(180,000)

Sales Price (Max)

$7,750,000

$1,675,000

$6,075,000

Sales Price (Min)

$525,000

$705,000

$(180,000)

$298

$223

$75

92

76

16

Sales

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.

2018 Q2

2017 Q2

Change

52

55

-3

$999,693

$678,882

$173,000

Sales Price (Max)

$2,255,000

$2,300,000

$(45,000)

Sales Price (Min)

$535,000

$362,000

$173,000

$246

$205

$41

58

85

(27)

Sales Average Sales Price

Avg $/SF Avg Days On Mkt

second quarter 2018 |

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.

2018 Q2

2017 Q2

Change

23

24

-1

Average Sales Price

$1,049,874

$1,067,677

$10,000

Sales Price (Max)

$2,950,000

$2,750,000

$200,000

Sales Price (Min)

$515,000

$505,000

$10,000

$192

$210

$(18)

87

60

27

Sales

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.

2018 Q2

2017 Q2

Change

6

2

4

Average Sales Price

$1,090,250

$1,067,500

$(190,000)

Sales Price (Max)

$1,800,000

$1,300,000

$500,000

Sales Price (Min)

$645,000

$835,000

$(190,000)

$178

$212

$(34)

78

33

45

Sales

Avg $/SF Avg Days On Mkt

26

insight | second quarter 2018

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.

2018 Q2

2017 Q2

Change

4

2

2

Average Sales Price

$1,062,500

$985,000

$(145,000)

Sales Price (Max)

$1,300,000

$1,050,000

$250,000

Sales Price (Min)

$775,000

$920,000

$(145,000)

Avg $/SF

$212

$250

$(38)

Avg Days On Mkt

103

66

37

Sales

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.

2018 Q2

2017 Q2

Change

32

22

10

$707,385

$828,218

$(25,000)

Sales Price (Max)

$1,500,000

$2,850,000

$(1,350,000)

Sales Price (Min)

$500,000

$525,000

$(25,000)

Avg $/SF

$217

$222

$(5)

Avg Days On Mkt

104

154

(50)

Sales Average Sales Price

second quarter 2018 |

insight

27

LIVE Dragonridge Office | 702.614.9100 macdonaldhighlands.com | synergysir.com

AT A HIGHER LEVEL We are proud to be the exclusive listing brokerage for MacDonald Highlands.

An extraordinary master plan community 2,700 feet above the valley floor. Spectacular strip views and modern architecture are brought together with a five star country club offering the golf, swim, tennis and dining lifestyle you deserve.

Luxury Homes | New Modern Customs | Luxury Townhomes Strip View Lots | Design & Build Your Dream Home

second quarter 2018 |

insight

29

golf course living

Average

Sales Price

Golf Course

Sales

Highest

Average

Lowest

$/SF

DOM

Anthem Country Club

12

$2,255,000

$1,248,833

$805,000

$280

58

Bear's Best

4

$8,900,000

$4,008,750

$1,600,000

$518

166

Canyon Gate Country Club

8

$1,250,000

$841,125

$460,000

$236

81

Dragonridge Country Club

1

$1,078,888

$1,078,888

$1,078,888

$214

53

Las Vegas Country Club

1

$392,500

$392,500

$392,500

$159

4

Red Rock Country Club

8

$3,780,000

$1,641,250

$905,000

$304

79

Rio Secco

2

$2,950,000

$2,850,000

$2,750,000

$351

114

South Shore

3

$1,250,000

$1,133,333

$1,000,000

$221

85

Southern Highlands

3

$7,250,000

$3,083,333

$950,000

$356

129

Spanish Trail

7

$1,450,000

$928,802

$505,000

$191

103

TPC Las Vegas

3

$2,145,000

$1,451,667

$810,000

$312

79

TPC Summerlin

4

$13,000,000

$3,787,500

$435,000

$415

130

Data through 6/30/18

®, 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

insight | second quarter 2018

34 Olympia Hills | $4,500,000 5 Beds | 9 Baths | 8,663 Sq Ft | .76 Acre

second quarter 2018 |

insight

31

selections from the collection

|

1353 dilevante

$6,750,000 | 11,718 sq ft | 6 beds | 9 baths

32

insight | second quarter 2018

702.360.1414

|

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

597 st croix

$8,000,000 | 10,005 sq ft | 3 beds | 5 baths

second quarter 2018 |

insight

33

selections from the collection

|

24 via tiberius

$5,880,000 | 7,058 sq ft | 3 beds | 4 baths

34

insight | second quarter 2018

702.360.1414

|

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

destinations With more than 22,000 associates in 950 locations in 70 countries around the world, Sothebyâ&#x20AC;&#x2122;s International Realty offers true international reach and the ability to expose the properties we represent to the most qualified people in the most influential luxury markets around the globe.

Mykonos, Greece

Norden, California

Agarve, Portugal

9 Beds | 11 Baths $5,863,727 | ID: SPPGK7

2 Beds | 2 Baths $3,245,000 | ID: E9SPDK

5 Beds | 6 Baths $5,857,863 | ID: D7GPY8

Venice, California

Salt Lake City, Utah

San Diego, California

3 Beds | 4 Baths $5,550,000 | ID: 7XDZL9

5 Beds | 9 Baths $5,850,000 | ID: 84KPZG

5 Beds | 6 Baths $4,250,000 | ID: KEZM8B

Santa Rosa, California

Moscow City, Russia

Aspen, Colorado

6 Beds | 7 Baths $4,200,000 | ID: TCL732

2 Beds | 3 Baths $5,775,000 | ID: 6QMJ5J

4 Beds | 6 Baths $5,995,000 | ID: F2Y47D

learn more at synergysir.com

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 • 930 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