Insight: 2022 Year End

insight

PRESIDENT & BROKER

Randy Char

MANAGING BROKER

Thomas Marsaw

Robyn Yates-Gajjar

ART DIRECTION

Renee Ladores

Angela Welch

ABOUT INSIGHT

At Las Vegas 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 Las Vegas 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 82 countries, with over 24,000 associates across 1,000 offices, we have the capacity to offer our clients a level of talent and marketing expertise unlike any other.

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 Las Vegas Sotheby’s International Realty may be of service to you.

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Las Vegas 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 Las Vegas Sotheby’s International Realty.

Address: 8548 Rozita Lee Ave, Suite 100, Las Vegas, NV 89113 702.360.1414 | insight@lasvegassir.com

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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.

CANYON FAIRWAYS

Appropriately situated for luxury and appropriately named for its convenience as it backs up to Tournament Players Club Las Vegas, a public course Golf Digest described as, “one of the best.” Pass through the 24-hour guard gated entrance and discover lavish homes set against amazing views of the Las Vegas Valley.

COUNTRY CLUB HILLS

Set along the Tournament Players Club Summerlin Golf Course, Country Club Hills is a collection of 170 semi-custom homes by one of Las Vegas’ most sought after, high-end builder, Christopher Homes.

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 masterplanned 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.

MESA RIDGE

Mesa Ridge is nestled against the Spring Mountain ridgeline, providing a pristine, unobstructed backdrop and radiant views. With 3 collections of uniquely modern one and two-story homes, Toll Brothers home designs and numerous amenities, this sleek, exclusive, staff-gated community offers more than a luxurious sanctuary—it offers an authentically modern lifestyle. Convenient location near the 215 beltway and shopping, dining, entertainment and top-rated Summerlin private and public schools.

MOUNTAIN TRAILS

A community within a community, Mountain Trails resides in The Trails section of the masterplanned 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.

PALISADES

As its name implies, Palisades is a distinctive barrier to the common world. Drive through the guard-gated entrance and you’ll leave the world behind. Situated along the Tournament Players Club Las Vegas Golf Course, Palisades provides an elevated sense of living and the views of the Las Vegas valley and the Canyon Fairways accentuate that feeling.

PASEOS

The Paseos borders Red Rock Canyon, and features a huge paseo trail system that runs the entire length of the village. This is one of Summerlin's most popular communities. The Paseos has a fantastic park with soccer, t-ball, water play area, picnic pavilions and more.

RED ROCK COUNTRY CLUB

Set in the master-planned community of Summerlin, 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.

REGENCY AT SUMMERLIN

Active adult community, sprawling grounds, pristine, resort-style amenities, and exquisite single-story homes are only part of the luxurious lifestyle afforded at award-winning Regency at Summerlin. Within this staff-gated community, residents can enjoy the private clubhouse 24 hours a day as well as the best that low-maintenance living has to offer. Here, homeowners have time to pursue their passions, develop lasting friendships, and enjoy all the recreational opportunities around them.

REVERENCE

Reverence is an esteemed multiple-award winning Summerlin community. Meticulously designed for the ultimate in contemporary living, Reverence offers a diverse collection of new homes and world-class Clubhouse behind the security of a 24-hour guarded gate, all in an unparalleled, elevated setting along the border of famed Red Rock Canyon.

SIENA

Active adult community. A premier community where the Spring Mountain range provides the backdrop and stately palms line a pathway to our door. Surrounded by beautiful lakes, the Schmidt-Curley designed 18-hole championship Siena Golf Course features an ideal blend of doglegs and straightaway holes, a mix of slender and ample fairways, and a balance between benign and rugged green complexes.

SPANISH TRAILS

Spanish Trail is located in southwest Las Vegas. This exclusive community stands out as the first staff-gated community in the Las Vegas Valley. Developed in the 1980s, Spanish Trail is now one of the most well-known communities in the city. The Spanish Trail community surrounds the private golf course: The Spanish Trail Country Club Designed by Robert Trent Jones Jr., this course features 27 holes, water features, and more.

SUN CITY SUMMERLIN

Active adult community. Sun City Summerlin is located mere minutes from the glamorous action of downtown Las Vegas and the fabled Strip. Del Webb's Sun City Summerlin is part of the Summerlin master-planned community on the western edge of Las Vegas. This wellestablished neighborhood boasts tree-lined streets, great shopping, top-notch restaurants and award winning resorts, casinos and spas.

THE CLIFFS

The Cliffs is one of the newest and southern most village located at the base of the Spring Mountains. The Cliffs is a 450-acre residential single and multi-family village, set against a dramatic ridgeline that is the community’s namesake. The Cliffs amenities include Shelley Berkley Elementary School, Faiss Middle School, Bishop Gorman High School, Faiss Community Park, Wet ‘n’ Wild water park and Aquatic Springs Indoor Pool.

THE RIDGES

This private reserve of luxury homes, situated on 800 acres in the master-planned community of Summerlin, is recognized as one of 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 Desert’s Red Rock Conservation Area.

THE SUMMIT CLUB

Nestled between Red Rock Canyon National Conservation Area and the Las Vegas Strip, The Summit Club is the only private residential lifestyle club community in Las Vegas. Residents enjoy five-star amenities, a championship golf course, robust outdoor pursuits and unique terrain-to-table culinary offerings. From custom estate homesites to well-appointed residences, The Summit is the ultimate luxury escape from the everyday.

TOURNAMENT HILLS

Tournament Hills remains one of the most sought after addresses in the master-planned community of Summerlin. This community 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.

VINEYARDS

The residences at Vineyards are for those seeking to elevate their lifestyle. Set amongst gently rising hills, 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.

WILLOW CREEK

There are 3 subdivisions within the gate: Eden Ridge which is a single story only neighborhood offering a semi custom product; Heritage Glen and Wood Glen offering larger tract homes; and finally a separate gated custom community within the Willow Creek guard gate known as Willow Falls.

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CANYON GATE COUNTRY CLUB

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.

DESERT SHORES

The Desert Shores is a master-planned, resort-style community located in the shadow of the foothills of northwest Las Vegas and was developed in 1988 and includes 22 different residential neighborhoods, including condominiums, single family homes and large custom homes behind private gates. All of the lakefront homes have direct access to the lakes and the option of private docks.

LAS VEGAS COUNTRY CLUB

Established 1967 in the Heart of Las Vegas, the tradition continues. Las Vegas' longest standing Country Club responsible for curating the infamous city to be what it is today. Having stood the test of time in a city known for demolishing and building anew - The Las Vegas Country Club remains as an elite members-only club. Our sprawling and well-manicured course designed by the legendary Ed Ault shares a home with many other amenities including indoor tennis courts, lap pool, fitness center, driving range, amongst more.

QUEENSRIDGE

Queensridge is an upscale community located on the west side of Las Vegas just east of Summerlin. This highly sought after community is comprised of about 800 acres of luxury living. As a part of the Peccole Ranch development, the architecture harkens back to a European Countryside theme.

SCOTCH 80S

The Scotch 80s Las Vegas features vintage homes that have unique histories from being homes to celebrities like Jerry Lewis to Holly Madison. When it comes to character and historic atmosphere, this unique neighborhood has the others beat. Some Scotch 80s homes date back from the 1950s, even though its construction was initiated way back in 1913. Ideally located near the Las Vegas Strip, this community remains popular to this day.

SECTION 10

The Section 10 community sits on the west side of Las Vegas and received its name from its legal designation. Bordered by Desert Inn, Buffalo, Sahara and Rainbow Boulevard, this unique community contains only custom Las Vegas homes on half-acre or larger lots. There are no association fees except in some of the gated cul-de-sacs. Conveniently located with easy access to the Strip and airport.

SECTION 11

The Section 11 community, much like its adjacent section - Section 10, sits on the west side of Las Vegas and received its name from its legal designation. This unique community contains only custom Las Vegas homes on half-acre or larger lots. There are no association fees except in some of the gated cul-de-sacs. Conveniently located with easy access to the Strip and airport.

SOUTHERN HIGHLANDS COUNTRY CLUB

Living in Southern Highlands means one of the nation’s top private golf courses is just steps from your house. This community of custom homes takes full advantage of the surrounding mountain terrain and the finely manicured fairways with picturesque water features.

SPANISH HILLS

The community of Spanish Hills is famous for being home to a number of celebrities, business owners, and pro-athletes. Spacious lots and multi-million dollar custom homes offer peace and quiet while providing breathtaking views of Red Rock Canyon National Park and The Strip. Residents can also enjoy the pleasures of a beautiful recreation park and private tennis courts. Spanish Hills has easy access to highways, shopping, and malls which are only minutes away.

THE LAKES

The Lakes is a 2-square-mile master-planned community located within the city limits of Las Vegas, Nevada. It is located in the western part of the Las Vegas Valley near the Spring Mountains and Red Rock Canyon National Conservation Area. Residents enjoy mature greenbelts, man-made lakes, well-maintained walking trails, and a wide variety of water sports. The Lakes offers several residential options including lake front condominiums and estates.

THE ISLAND

UNPARELLED LAKE ACCESS. ULTRA MODERN ARCHITECTURE. LAKE LAS VEGAS LIFESTYLE.

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.

ASCAYA

From the panoramic views of the world-renowned Strip to the stunning collection of desert contemporary homes, Ascaya is in a class all by itself. This unique community offers an enticing collection of luxurious amenities and activities, all designed to foster connectivity and provide rich, meaningful experiences with a 23,000 square foot clubhouse as the community’s vibrant hub of social activity.

GRAND LEGACY

Against a pristine backdrop of a green landscape and clear mountain views, the Legacy development in Green Valley has single-family homes of varying styles. Properties surround the Legacy Golf Course with many homes sitting directly adjacent to the fairways and putting greens on the course. Walking trails and paths are located throughout the community’s expanse for peaceful neighborhood strolls.

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.

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, MacDonald Highlands blends the organic with the epic. Placed on the southern edge of the Las Vegas valley in a suburb of Henderson, MacDonald Highlands is uniquely luxurious and distinctly lavish and home to the DragonRidge Country Club.

QUAIL RIDGE ESTATES

Quail Ridge is a gated community located within The Arbors in Summerlin. This single family home community was built by Woodside Homes in the late 1990s. Residents can enjoy the nearby recreation including The Arbors Paseo Park and the Arbors Tennis and Play Park.

ROMA HILLS

Roma Hills is a guard gated community surrounded by the Black Mountains. This private community offers easy access to nearby shopping and amenities found throughout Green Valley and Henderson. It's also located just 15 minutes away from the world famous Strip.

SEVEN HILLS

As the Roman Empire was built upon its famed rolling hills, so too is the master-planned community Seven Hills, gloriously nestled against the magnificent McCollough mountain range. Travel along the rolling hills to discover a range of architecture from classic Tuscan to the ultimate in modern design. Elevated to afford wondrous views of the Las Vegas Valley Seven Hills is home to the Rio Secco golf course designed by Rees Jones.

THE CLUB AT MADERIA CANYON

The Club at Maderia Canyon is a guard gated community, located within the larger Maderia Canyon master plan. You can expect privacy as well as incredible views of the surrounding mountains and easy access to lifestyle amenities at the clubhouse. You also have access to the outdoor amenities that include several miles of walking trails, sports fields and more.

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.

BOULDER CITY COMMUNITIES

BOULDER CITY - OVERVIEW

A short drive from the Hoover Dam, Boulder City was founded as housing for the laborers constructing the dam. This valley enclave has a comfortable hometown feel with its classic main street, featuring local shops and restaurants.

GIRL STREETS

A short drive from the Hoover Dam, Boulder City was founded as housing for the laborers constructing the dam. This valley enclave has a comfortable hometown feel with its classic main street, featuring local shops and restaurants.

GOLF COURSE

A short drive from the Hoover Dam, Boulder City was founded as housing for the laborers constructing the dam. This valley enclave has a comfortable hometown feel with its classic main street, featuring local shops and restaurants.

LAKE SIDE

A short drive from the Hoover Dam, Boulder City was founded as housing for the laborers constructing the dam. This valley enclave has a comfortable hometown feel with its classic main street, featuring local shops and restaurants.

LETTERS AND NUMBERS

A short drive from the Hoover Dam, Boulder City was founded as housing for the laborers constructing the dam. This valley enclave has a comfortable hometown feel with its classic main street, featuring local shops and restaurants.

OLD TOWN

A short drive from the Hoover Dam, Boulder City was founded as housing for the laborers constructing the dam. This valley enclave has a comfortable hometown feel with its classic main street, featuring local shops and restaurants.

VERTICAL LAS VEGAS

ALLURE

This highrise tower benefits from being adjacent to the Sahara on the Las Vegas Strip and MGM Resorts’ outdoor festival space. One of the most affordable highrise opportunities on the Strip.

JUHL

Within the Juhl community is a dynamic city haven that fluidly connects home, work and outdoor life, offering residents a host of exclusive amenities and services. Juhl’s Downtown Las Vegas condos offer a lifestyle like no other. Downtown living in Las Vegas at Juhl situates you among the energy and excitement of Downtown’s thriving Business, Arts and Medical Districts, within moments of the city’s most iconic destinations.

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. These lofts have amazing views of the Las Vegas Strip and the Wynn golf course.

NEWPORT LOFTS

A modern loft oasis in the Arts District of downtown Las Vegas, Newport Lofts is true loft living with spacious open floor plans. This 23 story tower is one of the few that have all the buildings amenities on the roof giving residents incredible Las Vegas Strip and city views. Added amenities include 24 hour doorman, key fob security system, rooftop pool and more.

ONE LAS VEGAS

One Las Vegas is a condominium property south of the Las Vegas Strip and consists of two 20-story towers. The towers opened in June 2008. Building amenities include a resident gym, pool, hot tub, concierge service, and garage parking.

ONE QUEENSRIDGE PLACE

Dedicated to the most discriminating owners, One Queensridge Place serves as one of the very finest luxury residences in Las Vegas.

VERTICAL LAS VEGAS

PALMS PLACE

Hip and modern is the theme of Palms Place and it continues to garner attention. It is a hot spot for those who want to own a bit of Las Vegas.

PANORAMA TOWERS

These two towers overlook the world-class architecture of CityCenter is seeing more attention with the advent of the professional hockey team expansion in the T-Mobile arena and its surrounding restaurant/retail complex, The Park. All these new venues are within walking distance.

PARK TOWERS

These two towers continue to serve as one of the most distinctive and exclusive high rise addresses, home to many of the most influential Las Vegas residents. This property doesn’t traditionally have much in the way of turnover.

REGENCY TOWERS

These long-standing Vegas residential towers, located within the Las Vegas Country Club. This high rise tower offers breath taking strip, golf course and mountain views.

SIGNATURE MGM

MGM Signature continues to be a dominant property of interest in the condo hotel market. It is likely we will continue to see more interest with the new developments surrounding T-Mobile Arena and the arrival of the Raiders.

SKY LAS VEGAS

Sky Las Vegas is a 45-story luxury high-rise condominium tower.

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.

THE MARTIN

The sister project of Panorama Towers has stayed steady in its sales relative to last year while bolstering its average sales price.

THE OGDEN

The Ogden is located in the heart of Downtown Las Vegas and offers spacious condos with terraces to take in incredible city views. Enjoy the Downtown lifestyle with restaurants, stores and entertainment just outside your door. The building offers controlled access, gym, rooftop pool and more.

TRUMP LAS VEGAS RESIDENCES

Trump International Hotel Las Vegas brings style and elegance to the heart of the entertainment capital of the world. Adjacent to some of the city’s best shopping and casinos, the gold tower offers panoramic views of the Strip. The property features 1,232 hotel condominium suites and 50 exclusive penthouse suites, white-gloved doormen, valet parking and 24-hour concierge service. Trump Las Vegas condominium owners enjoy amenities including a day spa, fitness center, salon, an outdoor pool and more.

TURNBERRY PLACE

The four towers of this prestigious enclave continue to be one of the premier residences of the Las Vegas Strip.

TURNBERRY TOWERS

Turnberry Towers overlooks the Las Vegas Country Club golf course as well as offering some amazing Strip views.

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.

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.

WALDORF-ASTORIA

As the most prestigious residential address on the Las Vegas Strip, The Residences at the Waldorf Astoria sets the standard for luxury high rise 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.

SothebysRealty.com

Sotheby’s International Realty’s website, sothebysrealty.com, is the #1 most trafficked website in the world for luxury properties.

Property Syndication

Sotheby’s International Realty’s proprietary listing distribution program ensures that properties in all areas are seen by more affluent buyers online than any other real estate brand. This program places properties up front and center on over 10,000 websites, a feat that cannot be imitated or duplicated by other real estate brands.

The Network

Sotheby’s International Realty’s network of top producing agents across 1,000 offices in 82 countries produced over $204 billion in total sales volume in 2021. This network of agents consistently work together to refer clients to one another, meaning that properties listed with Sotheby’s International Realty benefit from the entire network working together to drive awareness and buyers.

Marketing

Sotheby’s International Realty’s hand-selected global marketing plan provides clients the most comprehensive, targeted marketing in real estate touching connected TV, earned press, print, digital, social and experiential marketing.

Innovation

Sotheby’s International Realty’s digital innovations consistently attract buyer loyalty. Buyers interact with first-to-market innovations such as virtual reality property tours, embedded video showings and area lifestyle immersion. The result? Sotheby’s International Realty has more video and VR interaction than Zillow, Coldwell Banker, Compass, Berkshire Hathaway, Engel and Volkers and Realtor.com combined.

Noteworthy Clientele

A clientele base including: 71 of Forbes 100 Wealthiest People, 253 of Forbes 400 Wealthiest Americans, 60 of Worth Magazine’s Benefactor 100 List, and 78 of Forbes 100 Wealthiest Americans.

Proven Track Record

278 Year Brand Heritage, 204 Billion Annual Sales Volume in 2021, 46 Million Website Views Annually, 1 Million Social Media Followers, 90 Million Property Video Views, 47 Thousand+ Press Placements.

Media Domination

Sotheby’s International Realty receives more press mentions and media collaborations than any other real estate brand. Due to the quality and consistency of Sotheby’s International Realty’s inspirational properties, brands such as Apple, Vogue, The New York Times, Wall Street Journal, Dwell, Financial Times, Dow Jones and beyond drive their viewers, readers and brand loyalists to Sotheby’s International Realty properties daily.

Brand Power

The powerful Sotheby’s International Realty blue sign and classic branding immediately differentiate every Sotheby’s International Realty property. Sotheby’s International Realty’s brand is aspirational, placing it in a league with brands like Tiffany and Co., Porsche and Gucci. This brand power attracts the attention of qualified buyers worldwide.