INSI GHT Las Vegas 2019 | Third Quarter
Green Valley Office
table of contents
6
globally connected
8
by the numbers
14
news + notes
16 communities
MacDonald Highlands Office
Summerlin Office
Lake Las Vegas Office
25
golf course living
28
verticals
37
listings of distinction
#VEGASSTRONG
about us
At Synergy Sotheby’s International Realty we take great pride in presenting you with current trends
PUBLISHER
Gene Northup
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
MANAGING BROKER
Don Kuhl BROKER MANAGER
Brittany Northup
in the region. MANAGER
In addition to offering general statistics related to the overall market, the report contains valuable information developments
concerning and
Las
Vegas’
neighborhoods.
hottest
Particularly
noteworthy is the large-scale growth in the city with
Kyle Northup DESIGNER
Lindsay Rohlfsen PHOTOGRAPHY
JPM Studios
expansions and new developments, bringing with it many opportunities for clients to capitalize on future investments.
COPYWRITER
Melissa Whitaker
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
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.
brand, represented in 72 countries, with over 22,500 associates across 990 offices, we have the capacity to offer our clients a level of talent and marketing
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expertise unlike any other. Synergy Sotheby’s International Realty publishes Insight, a market report
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.
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. Address: 10100 W Charleston Blvd., 160, Las Vegas, NV 89135.
702.360.1414 | insight@synergysir.com
VIEW MORE PROPERTIES:
www.synergysir.com
1,000
vegas born | globally connected
1,000
22,500
1/3
2.9M
Offices Worldwide
Associates Worldwide
Offices outside the United States
Monthly Visits in Q2 2019
112B
$
Total worldwide Sale 2018
65% International Visitors
A Global Connection When a home is represented by the Sotheby’s International Realty brand, it is presented to a highly–qualified global clientele through exclusive channels and relationships. Our proprietary network of residential brokerage companies is located in 72 countries worldwide, making Sotheby’s International Realty a truly global real estate brand.
6
i n s i g h t | third quarter 2019
significant sales
top 10 sales in Q3 2019 $16M
5212 SPANISH HEIGHTS
$6.3M
15 FLYING CLOUD
$4.5M
591 LAIRMONT
$4.4M
26 SUN GLOW
$4.1M
23 SUN GLOW
$3.7M
64 WILDWING
$3.7M
11 MEADOWHAWK
$3.5M
82 MEADOWHAWK
591 LAIRMONT | $4,550,000 | MACDONALD HIGHLANDS
686 TRANQUIL RIM | $3,495,000 | MACDONALD HIGHLANDS
$3.5M
15 YORKRIDGE
$3.5M
1324 VILLA BAROLO
1602 VILLA RICA | $3,400,000 | SEVEN HILLS
third quarter 2019 |
insight
7
by the numbers Single family homes
*
Luxury is $750,000 and up
**
LUXURY SINGLE FAMILY HOMES** Distribution of Sales by Location
Distribution of Sales by Price
North
$750K - $1M
Northwest
$1M - $1.5M
South
$1.5M - $2M
Southwest
$2M - $5M >$5M
Henderson
ALL SINGLE FAMILY HOMES* Distribution of Sales by Sales Price
Distribution of Sales by Location
<$100K $100K - $250K
North
$250K - $500K
Northwest
$500K - $750K $750K - $1M
South Southwest
$1M - $1.5M
East
$1.5M - $2M
Henderson
$2M - $5M >$5M
NUMBER OF PROPERTIES SOLD ABOVE, EQUAL TO OR BELOW LIST PRICE*
DAYS ON MARKET BY PRICE RANGE*
<$100K
<$100K
$100K - $250K
$100K - $250K
$250K - $500K
$250K - $500K
$500K - $750K
$500K - $750K
$750K - $1M
$750K - $1M
$1M - $1.5M
$1M - $1.5M
$1.5M - $2M
$1.5M - $2M
$2M - $5M
$2M - $5M
>$5M
>$5M 0%
10%
20%
30%
Less Than
8
40% Equal To
50%
60%
70%
Greater Than
i n s i g h t | third quarter 2019
80%
90%
100%
0%
20% <30
30 - 90
40% 90 - 120
60% 120 - 180
80% 180+
100%
93 SPANISH GATE | $18,500,000 | SPANISH TRAILS 7 Beds | 13 Baths | 19,149 Sq Ft | 1.48 Acre
third quarter 2019 |
insight
9
by the numbers | days on market report
DAYS ON MARKET Single Family Homes
Month
<30
30-90
January February
90-120
120-180
852
671
119
180+
Grand Total
<30 (%)
87
27
1,756
49%
921
663
146
119
44
1,893
49%
March
1,317
746
211
170
77
2,521
52%
April
1,548
798
166
186
77
2,775
56%
May
1,762
963
167
181
95
3,168
56%
June
1,619
866
133
100
68
2,786
58%
July
1,769
957
147
106
79
3,058
58%
August
1,604
1,035
165
155
83
3,042
53%
September Grand Total
Price Range <$100K
1,439
875
12,831
7,574
<30
30 - 90
171
114
1,425
1,218
90 - 120
120 - 180
20
2
$100K - $250K
3,120
1,579
258
225
$250K - $500K
8,616
5,195
970
$500K - $750K
789
561
123
$750K - $1M
164
131
$1M - $1.5M
75
72
$1.5M - $2M
29
$2M - $5M
19
>$5M Grand Total
2,650 23,649
180+
Grand Total
2
54% 54%
<30%
24
83%
82
5,264
59%
786
359
15,926
54%
136
76
1,685
47%
36
30
29
390
42%
25
23
32
227
33%
18
3
6
5
61
48%
17
10
9
16
71
27%
1
2
5
40%
2 12,834
51 601
7,575
1,425
1,218
601
23,653
54%
4
89135
29m
154
sale in Q3 2019
offices in southern Nevada
over $750,000
highest sale
homes
$16,000,000 is the highest priced home to sell in the Third Quarter of 2019.
With 4 offices in Southern Nevada, we are able to serve your needs no matter where you’re looking to buy or sell!
89135 was the zip code with the most luxury home activity. Over 20% of all sales over $750,000 were within 89135. The runner up was 89052 with 11%.
Sotheby’s Int’l Realty sold a $29m estate in New York, the highest sale in the Thrid Quarter 2019 in the network.
There were 45 homes over $1,000,000 sold in Southern Nevada in Q3 2019. 29 of which were over $2,000,000.
$16M
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
LIVE 552 S Stephanie St | Inside DragonRidge Country Club | 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
news + notes
Luck Be a Lady: Barbara Sinatra's Life with Frank BY WENDY HOLDEN | OCT 16, 2019 Born in Missouri soon after the Great Depression, Barbara Ann Blakeley’s happiest childhood days were spent “in [her] grandfather’s general store where the all-male members of the ‘Spit ‘N Argue Club’ gathered around the pot-bellied stove chewing tobacco and complaining about the price of corn.” After relocating with her family to California, Barbara became a typical teenager in bobby socks who sneaked to her local drive-in to listen to Frank’s songs, as Sinatra-mania gripped the country. She went on to open a modelling school, launched her own cosmetics line, and became a consultant to the first Miss Universe pageant. Her son Robert – “the best thing I ever did” – was born in between. When her first marriage to Bob Oliver ended, Barbara found work as a showgirl at the Riviera on the famous Las Vegas strip, where she caught the eye of every man she met, including Zeppo Marx of the Marx Brothers. They married in 1959 and she moved with him to Palm Springs. Frank Sinatra was their next-door neighbour and they socialised frequently with him at cocktail parties and card games. As one of the so-called ‘desert rats’, Barbara grew close to Tony Curtis and Janet Leigh, Gregory and Veronique Peck, Dinah Shore, and the Kirk Douglases. She was chatted up by John F Kennedy and met Marilyn Monroe – “the girl with the saddest eyes”. Marx, a jealous womaniser, repeatedly warned Barbara against Frank. But by the time “Mr S” kissed her, Barbara was smitten. “I fell so hard for him that I didn’t really have a choice.” read entire story at sothebys.com
Liu Ye, the Metaphorical Window, and Poetics of Painting BY CONTEMPORARY ART | OCT 06, 2019 The window has an enduring presence in art history. A metaphorical portal into liminal spaces, the window has been long employed to invoke a dialogue between perceptual and intellectual vision. These connections bridge the realistic world with spiritual or imagined realms. Liu Ye’s Mondrian and Angel invites powerful associations with the trope of painting as windows to an alternate world. Depicting actual and symbolic windows, the exquisite Mondrian and Angel diffracts multiple views of conceptual and imagined reality. In the upper-centre of the composition Liu Ye incorporates a reference to the founder of NeoPlasticism, with the work Piet Mondrian half-bathed in the intense yellow light of afternoon sun. In the foreground, a winged cherub in contrapposto stance peers through binoculars out a window, of which only one edge is shown. The image of the cherub brings to mind a certain Renaissance notion, comparing the painting and the window as analogous frames through which viewers see the world. The Mondrian painting functions as an allegorical window, while the composition itself, carefully orchestrated, invokes a window frame. read entire story at sothebys.com
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i n s i g h t | third quarter 2019
news + notes
All That Glitters: A Fabulous Fusion BY VIVIENNE BECKER | OCT 16, 2019 F rom Chinoiserie to Japonisme, the arts and culture of Asia have captivated Western artists, designers, collectors and connoisseurs for centuries. The great Parisian jewellery houses were intoxicated by the wave of mysterious Orientalism that swept through the decorative arts in the early decades of the 20th century. Today, that East-West connection – and its interchange of ideas and inspirations – has become relevant again, with the emergence of an increased appetite for Western items in Asia. Now, Sotheby’s presents an extraordinary private collection of jewels fusing Asian and Western designs, the most spectacular of which will be offered for sale in Geneva this November. The intensely personal collection, assembled over the course of five decades by a prominent Asian-American collector, shows true connoisseurship in its balance between classic 20th-century jewels set with important gems and more whimsical, fashion-oriented pieces that the collector wore with great pleasure and panache. read entire story at sothebys.com
Cinematic Canvases Fit for the Silver Screen BY CHRISTIAN HOUSE | SEP 26, 2019 The grandeur of the Orientalist realm – North Africa, the Middle East and parts of Asia – mesmerized a coterie of intrepid 19th-century European artists and, a century later, it had the same effect on half of Hollywood. It is apt then that the Najd Collection of Orientalist paintings , to be offered at Sotheby’s this October, contains canvases that could light up an Odeon. The Najd Collection delivers cinematic compositions – lone figures in dizzying vistas, caravans in transit, bustling scenes of bazaars, characters in contemplation. The region’s enigmatic atmosphere and expansive landscape has attracted many filmmakers, from American mavericks, including George Lucas and Steven Spielberg, to European auteurs, such as Michelangelo Antonioni and Bernardo Bertolucci. What is striking is how painting and film mirror one another in their treatment of the people and places. While shooting Lawrence of Arabia in Jordan in 1962, the British film director David Lean likened his panning shots of riders to a narrative journey (one can see something similar in Riders Crossing the Desert, an enigmatic oil by Jean-Léon Gérôme). And in Hidalgo (2004), another Omar Sharif movie, desert horsemen are pitched against the elements, scenes that recall Eugène Fromentin’s painting Windstorm on the Esparto Plains of the Sahara. “The rightmost horse, like its rider, faces into the wind with stoic determination,” notes Sotheby’s specialist Richard Lowkes. “The wave-like esparto grass adds to the relentless movement.” It’s a stirring scene that demands a soaring soundtrack. read entire story at sothebys.com
third quarter 2019 |
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communities
Only
For Those With a Vision Your home is more than a building or an address. Itâ&#x20AC;&#x2122;s where you experience life, family, connection, growth. Your home should be as exceptional as you are, and as you are going to be. For a lifestyle inspired by your potential, there is only Sothebyâ&#x20AC;&#x2122;s International Realty.
las vegas, summerlin & henderson
|
702.360.1414
the ridges This private reserve of luxury homes, situated on 800 acres in the masterplaned 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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 45 $6,350,750 $2,388,844 $1,050,000 $440 86
2018 Q3 Change 46 -1 $8,900,000 $(2,549,250) $2,609,185 $(220,341) $1,075,000 $(25,000) $443 $(3) 75 11
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 66 $3,335,000 $1,102,393 $595,000 $302 74
2018 Q3 Change 73 -7 $3,780,000 $(445,000) $1,105,203 $(2,810) $540,000 $55,000 $276 $26 64 10
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
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i n s i g h t | third quarter 2019
2019 Q3 7 $2,100,000 $1,684,286 $1,200,000 $299 44
2018 Q3 Change 5 2 $2,375,000 $(275,000) $1,845,000 $(160,714) $1,300,000 $(100,000) $281 $18 144 (100)
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 9 $1,725,000 $1,300,340 $975,000 $260 79
2018 Q3 Change 7 2 $1,885,000 $(160,000) $1,380,071 $(79,731) $950,000 $25,000 $245 $15 85 (6)
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 24hour guard gated entrance and discover lavish homes set against amazing views of the Las Vegas Valley.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 9 $2,777,000 $1,575,500 $1,195,000 $306 64
2018 Q3 Change 6 3 $2,325,000 $452,000 $1,697,483 $(121,983) $1,189,900 $5,100 $317 $(11) 59 5
bellacere Set behind a guard-gated entrance, Bellacere is a truly intimate community filled with a wealth of green spaces, which only fifty-four families can enjoy. Designed in a way so that 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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 3 $1,925,000 $1,526,917 $1,225,000 $303 143
2018 Q3 Change 4 -1 $4,100,000 $(2,175,000) $2,303,750 $(776,833) $1,500,000 $(275,000) $281 $22 74 69
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las vegas, summerlin & henderson
|
702.360.1414
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 by passing through the guard-gated entrance and takes residence on a path of unmatched possibilities.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 5 $3,490,000 $1,973,000 $980,000 $337 56
2018 Q3 Change 3 2 $2,400,000 $1,090,000 $2,075,000 $(102,000) $1,825,000 $(845,000) $244 $93 32 24
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 8 $1,575,000 $1,207,500 $800,000 $268 148
2018 Q3 Change 5 3 $1,565,000 $10,000 $1,238,540 $(31,040) $830,000 $(30,000) $230 $38 35 113
vineyards The residences at Vineyards are for those seeking to elevate their lifestyle. Set amongst gently rising hills in the master-planned 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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
20
i n s i g h t | third quarter 2019
2019 Q3 8 $1,475,000 $1,027,556 $800,000 $244 74
2018 Q3 Change 7 1 $980,000 $495,000 $867,857 $159,699 $775,000 $25,000 $232 $12 59 15
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 5 $1,800,000 $1,213,110 $725,550 $254 72
2018 Q3 Change 6 -1 $2,345,000 $(545,000) $1,591,667 $(378,557) $1,280,000 $(554,450) $316 $(62) 47 25
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 5 $1,365,000 $929,600 $710,000 $257 66
2018 Q3 Change 6 -1 $1,125,000 $240,000 $960,333 $(30,733) $839,998 $(129,998) $229 $28 55 11
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 33 $2,400,000 $775,582 $385,000 $210 64
2018 Q3 Change 38 -5 $2,500,000 $(100,000) $739,897 $35,685 $360,000 $25,000 $197 $13 64 -
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las vegas, summerlin & henderson
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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. Well-groomed 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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 25 $2,285,000 $863,052 $365,000 $220 84
2018 Q3 Change 30 -5 $1,800,000 $485,000 $765,480 $97,572 $366,000 $(1,000) $217 $3 82 2
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 81 $3,200,000 $943,899 $475,000 $213 76
2018 Q3 Change 104 -23 $7,250,000 $(4,050,000) $977,038 $(33,139) $500,000 $(25,000) $206 $7 67 9
spanish trail Since opening in 1984 we have been proud to offer one of the Southwest's finest Country Clubs and we have focused on what every golfer is striving for - balance, tempo, consistency and relaxation.Our 27-hole championship course has been the home to 5 PGA Tour Las Vegas Invitationals and offers the perfect combination of Country Club tradition and Resort living.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
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i n s i g h t | third quarter 2019
2019 Q3 13 $390,000 $2,350,769 16000000 $246 121
2018 Q3 Change 6 7 $856,500 $(466,500) $2,031,917 $318,853 6500000 $9,500,000 $300 $(54) 161 (40)
spanish hills A gentle ocean breeze. Spectacular views of the Topa Topa Mountains, surrounding countryside and the Pacific Ocean. A championship golf course ranked with the most highly acclaimed courses in California. A clubhouse and grounds that rival the most celebrated country clubs anywhere in the world.The professionally equipped exercise center, tennis club, lavish swimming pool, formal dining room and grill room all exhibit an attention to detail and comfort that make Spanish Hills the areaâ&#x20AC;&#x2122;s most inviting private country club. # of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 38 $5,450,000 $2,109,640 $703,250 $383 102
2018 Q3 Change 29 9 $7,750,000 $(2,300,000) $1,697,306 $412,334 $675,000 $28,250 $310 $73 92 10
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 38 $5,450,000 $2,109,640 $703,250 $383 102
2018 Q3 Change 29 9 $7,750,000 $(2,300,000) $1,697,306 $412,334 $675,000 $28,250 $310 $73 92 10
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. # of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 77 $3,500,000 $950,174 $345,000 $271 64
2018 Q3 Change 78 -1 $2,255,000 $1,245,000 $884,917 $65,257 $390,990 $(45,990) $247 $24 58 6
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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 golf course designed by Rees Jones, as well as, an abundance of outdoor activities and amenities. # of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 54 $5,600,000 $1,132,761 $500,000 $240 56
2018 Q3 Change 39 15 $3,950,000 $1,650,000 $1,120,182 $12,579 $515,000 $(15,000) $211 $29 72 (16)
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 9 $1,300,000 $992,667 $675,000 $188 131
2018 Q3 Change 8 1 $1,800,000 $(500,000) $1,075,625 $(82,958) $645,000 $30,000 $189 $(1) 61 70
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
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2019 Q3 82 $2,600,000 $656,281 $287,500 $228 66
2018 Q3 Change 82 0 $3,050,000 $(450,000) $670,527 $(14,246) $210,000 $77,500 $209 $19 98 (32)
The leader in premium real estate, we deploy intuitive technology to deliver a truly personalized, client-driven experience. With professionals in over 72 countries, weâ&#x20AC;&#x2122;re local everywhere, allowing us to walk alongside our clients at every stage of their journey. We know they expect us to be the first and the best in exclusive property. We deliver.
LIVE 2030 Lake Las Vegas Pkwy Henderson, NV 89011 synergysir.com | 702.360.1414
WATERFRONT We all have dreams and they are as vast and varied as the world is wide. But they all start with inspiration, and inspiration starts with your surroundings. That’s what home is. A sense of place. An amazing view. It’s all part of what makes a space a home, because your home is where you truly LIVE. Synergy Sotheby’s International Realty is proud to be the master listing agent for Lake Las Vegas. From waterfront lots to custom homes, our team of experts is here to help you find your dream lifestyle.
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Fashion Show Mall
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Gold Coast Caesars Palace
Rio
Palms
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Monte Carlo NewYork NewYork
Venetian
Bellagio Cosmopolitan
Ballyâ&#x20AC;&#x2122;s Paris
City Center T-Mobile Arena
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Planet Hollywood
Mirage / TI
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MGM Grand
Excalibur Tropicana Luxor as
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Mandalay Bay
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McCarran International Airport
LIVE HIGHRISE
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Circus Circus Wynn / Encore
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Downtown
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Sahara
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Hilton
Riviera
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Las Vegas Convention Center Wynn Golf Course
Palazzo Sands Convention Center
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Harrahs Imperial Palace Flamingo Billâ&#x20AC;&#x2122;s
UNLV
Thomas & Mack Center
LEGEND 1.
ONE Las Vegas
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Panorama Towers
11. Metropolis
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Turnberry Towers
2.
MGM Signature
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The Martin
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Newport Lofts
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Mandarin Oriental
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Palms Place
13. Sky
18. Soho Lofts
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Veer Towers
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Park Towers
14. Allure
19. The Ogden
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20. One Queensridge
5. Vdara
10. Trump
Regency Towers
Turnberry Place
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waldorf-astoria As the most prestigious residential address on the Las Vegas Strip, The Residences at the Waldorf Astoria sets the standard for luxury highrise living. It is the residential jewel of City Center. We continue to see a tremendous amount of activity for this premier luxury tower with pricing more than $1,000/sf for the larger units. There are no signs of it slowing down with all the development in the area.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 14 $985,000 $2,704,643 $5,750,000 $1,215 85
2018 Q3 Change 32 -18 $850,000 $135,000 $1,447,516 $1,257,127 $4,300,000 $1,450,000 $933 $282 28 57
park towers These two towers continue to serve as one of the most distinctive and exclusive highrise addresses, home to many of the most influential Las Vegas residents. This property doesn’t traditionally have much in the way of turnover, as evidenced by this year’s sales.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 4 $1,600,000 $2,187,500 $2,800,000 $622 373
2018 Q3 Change 7 -3 $800,000 $800,000 $1,655,714 $531,786 $3,100,000 $(300,000) $494 $128 198 174
veer towers The iconic architecture and contemporary design of the Veer towers set these towers apart on the Las Vegas Strip. As a part of CityCenter, they enjoy all the benefits of their location and MGM’s new development, The Park, along with the T-Mobile Arena, making their appeal that much more in the coming years. Now that much of the developer inventory has been sold, the sales volume is moving towards a more stable number, but the pricing is definitely moving up.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
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2019 Q3 23 $277,000 $673,691 $1,835,000 $616 92
2018 Q3 Change 45 -22 $280,000 $(3,000) $653,570 $20,120 $1,700,000 $135,000 $589 $27 84 8
one queensridge place Dedicated to the most discriminating owners, One Queensridge Place serves as one of the very finest luxury residences in Las Vegas. Sales and pricing have remained relatively steady on average, but there are some signature units coming to market that will definitely increase the average.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 12 $750,000 $2,130,625 $8,005,000 $465 88
2018 Q3 Change 18 -6 $810,000 $(60,000) $1,453,444 $677,181 $4,150,000 $3,855,000 $452 $13 87 1
trump tower This classic and luxuriously appointed condotel is now coming into its own and reached stronger sales than in years prior. International buyers continue to show active interest in this property. Trump Tower should also benefit long-term from Wynn Resortsâ&#x20AC;&#x2122; recent aquisition of the new Frontier site by eventually placing a major resort casino just a short walk from this opulent property.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 17 $215,000 $440,824 $2,900,000 $498 62
2018 Q3 Change 45 -28 $218,888 $(3,888) $304,536 $136,287 $1,008,000 $1,892,000 $484 $14 72 (10)
vdara With direct access to Aria and the Bellagio resorts, Vdara at CityCenter is poised to be one of the most desired condotels in the Las Vegas Strip corridor. Branded as a non-gaming, non-smoking luxury hotel, it is the first choice for visitors seeking a quiet retreat with direct access to some of the finest restaurants, entertainment, and shopping in all of Las Vegas. With a limited number of units available for sale, this is a great opportunity.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 11 $360,000 $456,318 $600,000 $692 134
2018 Q3 Change 5 6 $400,000 $(40,000) $527,000 $(70,682) $635,000 $(35,000) $653 $40 61 73
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mgm signature MGM Signature continues to be a dominant property of interest in the condotel market. While there are still opportunities to make key purchases in the three towers, supply is getting more limited and prices are on the rise. It is likely we will continue to see more interest with the new developments surrounding T-Mobile Arena and the arrival of the Raiders.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 61 $189,000 $302,549 $685,000 $464 69
2018 Q3 Change 52 9 $235,000 $(46,000) $335,884 $(33,335) $737,500 $(52,500) $440 $24 65 5
palms place Hip and modern is the theme of Palms Place and it continues to garner attention. Now that the developer sales are complete, reflected in the higher sales figures from last year, the prices are showing the marketâ&#x20AC;&#x2122;s interest. It is a hot spot for those who want to own a bit of Las Vegas.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 36 $225,000 $350,502 $2,200,000 $405 61
2018 Q3 Change 53 -17 $210,000 $15,000 $319,407 $31,095 $739,000 $1,461,000 $382 $23 59 2
sky las vegas Sales have been brisk for the property as the remaining developer units are being sold off. It has harkened a renewed interest in the tower and it shows in the sales. The north end of the Strip received a bit of good news recently with the Fontainebleauâ&#x20AC;&#x2122;s sale announcement, helping Sky, Allure and Turnberry Place.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
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2019 Q3 21 $232,500 $433,429 $1,850,000 $310 67
2018 Q3 Change 29 -8 $215,000 $17,500 $342,314 $91,114 $632,900 $1,217,100 $275 $35 137 (70)
turnberry place The four towers of this prestigious enclave continue to be one of the premier residences of the Las Vegas Strip. Sales volume showed significant improvement over the same time last year. There were two significant sales in the building, but the overall average $/SF has remained steady.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 42 $267,500 $724,287 $4,150,000 $293 70
2018 Q3 Change 52 -10 $308,000 $(40,500) $821,684 $(97,397) $5,500,000 $(1,350,000) $279 $14 149 (79)
turnberry towers The sister project to Turnberry Place overlooks the Las Vegas Country Club golf course as well as offering some amazing Strip views. Sales volume was significantly higher than last year at this time as there were some great pricing opportunities earlier in the year and prices have adjusted and are now balanced.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 31 $245,000 $448,408 $685,000 $361 58
2018 Q3 Change 40 -9 $228,000 $17,000 $417,525 $30,883 $680,000 $5,000 $346 $14 61 (3)
allure This highrise tower saw an increase in pricing over last year, benefitting from the new SLS Hotel & Casino adjacent to it on the Las Vegas Strip and MGM Resortsâ&#x20AC;&#x2122; outdoorfestival complex hosting Rock in Rio. This is still one of the most affordable highrise opportunities on the Strip and people are starting to take notice.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 26 $187,500 $265,096 $472,000 $237 55
2018 Q3 Change 31 -5 $170,000 $17,500 $241,417 $23,679 $500,000 $(28,000) $217 $19 81 (26)
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panorama towers The twin towers overlooking the world-class architecture of CityCenter is seeing more attention with the advent of the professional hockey team expansion in the new T-Mobile arena and its surrounding restaurant/retail complex, The Park. All these new venues are within walking distance and makes this property even more attractive at current pricing.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 26 $254,000 $546,092 $987,500 $337 74
2018 Q3 Change 41 -15 $220,000 $34,000 $457,278 $88,814 $788,000 $199,500 $321 $15 73 1
the martin The sister project of Panorama Towers has stayed steady in its sales relative to last year while bolstering its average sales price. Interest in the building has been increasing due to the proximity of development activities surrounding CityCenter.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 21 $340,000 $498,726 $1,100,000 $379 84
2018 Q3 Change 28 -7 $272,500 $67,500 $575,893 $(77,167) $3,000,000 $(1,900,000) $381 $(1) 60 24
metropolis Overlooking the prestigious Wynn golf course, these Art Deco inspired lofts have not had much activity as most owners have been holding on to them. We do expect an increase in sales as the Wynn begins transformation of the golf course into the 1.5 Billion Paradise Park lagoon theme park.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
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i n s i g h t | third quarter 2019
2019 Q3 3 $336,000 $499,500 $725,000 $228 37
2018 Q3 Change 4 -1 $290,000 $46,000 $479,375 $20,125 $650,000 $75,000 $212 $17 112 (75)
regency
towers
These long-standing Vegas residential towers, located within the Las Vegas Country Club, has seen an increase in sales over the same time last year, some of which can be attributed to the country club and bidders for new ownership. With the renewed interest came increases in the average price. It is still one of the most affordable highrise options.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 21 $130,000 $318,876 $440,000 $188 78
2018 Q3 Change 19 2 $205,000 $(75,000) $280,462 $38,414 $485,000 $(45,000) $150 $38 129 (52)
one las vegas One Las Vegas is located on the world-famous Las Vegas Boulevard just south of McCarran International Airport. This condo community offers a multi-floor fitness center, ownerâ&#x20AC;&#x2122;s lounge and social area, and an elegant pool and spa complex. With the NFL Raiders coming and a new arena going up nearby, this highrise community offers one of the best values in town.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 38 $282,000 $430,329 $1,099,900 $287 12
2018 Q3 Change 65 -27 $264,900 $17,100 $381,822 $48,507 $1,161,900 $(62,000) $260 $27 14 (2)
the ogden Bordering the newly redeveloped Fremont East Entertainment District, this development has been home to many of the people shaping the renaissance of the Las Vegas downtown. As downtown Las Vegas continues to evolve as the new epicenter for high tech businesses, special events and cultural activities, interest continues to grow and is reflected in the sales and pricing.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 20 $272,000 $507,735 $780,000 $329 44
2018 Q3 Change 43 -23 $279,900 $(7,900) $423,291 $84,444 $699,900 $80,100 $312 $17 22 22
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newport lofts These contemporary lofts are the highlight of the downtown residential scene. With initial steps in the renaissance of the downtown area completed successfully, the demand for these units are likely to get better as the redevelopment efforts continue.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 Q3 12 $250,000 $348,658 $550,000 $251 36
2018 Q3 Change 3 9 $252,000 $(2,000) $312,300 $36,358 $430,000 $120,000 $246 $4 24 11
soho lofts Leading the way in the downtown redevelopment, this loft development continues to play an iconic role in the next phase of the downtown renaissance. Sales volume is steady, but pricing is on the rise.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
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i n s i g h t | third quarter 2019
2019 Q3 5 $311,000 $348,800 $435,000 $236 62
2018 Q3 Change 7 -2 $305,000 $6,000 $365,343 $(16,543) $439,900 $(4,900) $227 $9 84 (22)
listings of distinction
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702.360.1414
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s y n e r g y s i r. c o m
1480 macdonald ranch
$4,500,000 | 11,639 sq ft | 5 beds | 9 baths
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9 yorkridge ct
$2,900,000 | 7,018 sq ft | 4 beds | 6 baths
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s y n e r g y s i r. c o m
LIVEGLOBAL With more than 22,500 associates in 1,000 offices in 72 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.
KERRVILLE, TX
GRANITE BAY, CA
PHOENIX, AZ
2 Beds | 3 Baths $6,000,000 | ID: W95WZD
10 Beds | 14 Baths $5,999,999 | ID:6WJ2ND
4 Beds | 10 Baths $4,500,000 | ID: NMHKK7
NEW BRAUNFELS, TX
SCOTTSDALE, AZ
SAN DIEGO,CA
4 Beds | 4 Baths $5,750,000 | ID: ZGCYG4
4 Beds | 5 Baths $5,700,000 | ID: LFQ7L3
6 Beds | 6 Baths $5,885,000 | ID: S6MT96
DUBAI, UAE
MUSKOKA, CANADA
IBIZIA, SPAIN
5 Beds | 7 Baths $5,990,470 | ID: Q3TR5K
8 Beds | 7 Baths $5,334,590 | ID: RBK5Y8
4 Beds | 5 Baths $5,912,539 | ID: MPFKGL
LEARN MORE AT SYNERGYSIR.COM
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SYNERGYSIR.COM
synergysir.com 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 Green Valley • 120 S Green Valley Pkwy., Suite 154, Henderson, NV 89012 • Next to Whole Foods Lake Las Vegas •2030 Lake Las Vegas Pkwy, Henderson, NV 89011 • Next to The Westin
6 CONTINENTS • 72 COUNTRIES • 1,000 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