insight LAS VEGAS | Q1 2021
table of contents 6
globally connected
8
by the numbers
14
news + notes
16 communities 25
golf course living
28
verticals
37
listings of distinction
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
PUBLISHER
Thomas Wright
in the region. In addition to offering general statistics related to
MANAGING BROKER
Thomas Marsaw
the overall market, the report contains valuable information developments
concerning and
Las
Vegas’
neighborhoods.
hottest
Particularly
GENERAL MANAGER
Kyle Northup
noteworthy is the large-scale growth in the city with
DESIGNER
expansions and new developments, bringing with it
Lindsay Rohlfsen
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
FEATURE YOUR HOME IN THE NEXT ISSUE All listings and data are presented by Synergy Sotheby’s International Realty.
luxury real estate market. As an international luxury
To be featured by the only truly international real estate brand in Southern
brand, represented in 72 countries, with over 22,500
Nevada contact Kyle Northup | 702.360.1414 | kyle.northup@synergysir.com.
associates across 990 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
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introduction The Las Vegas market has changed dramatically over the last year. From the slow down we experienced during the height of the lockdown to the feverish sales pace of fall. We continue our effort to provide timely and accurate information for your consideration.
5
vegas born. globally connected.
1,000
24,000
1/3
Offices Worldwide
Associates Worldwide
Offices outside the United States
37M Visitors in 2020
150B
$
Total worldwide Sale 2020
52% 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 75 countries worldwide, making Sotheby’s International Realty a truly global real estate brand.
insight – 6 – Q1 2021
significant sales
significant sales. top 10 sales Q1 2021
7
$8.25M
23 HAWK RIDGE
$7.5M
9511 KINGS GATE
$6.3M
19 SANCTUARY PEAK
$6.15M
99 HAWK RIDGE
$5.6M
20 PROMONTORY RIDGE
$5.6M
5 WOOD CREEK
$5.1M
8 SPELLBOUND
$4.9M
39 VINTAGE CANYON
$4.9M
2 AWBREY
$4.7M
635 CITYVIEW RIDGE
by the numbers. Single family homes |
*
**
Luxury is $750,000 and up
LUXURY SINGLE FAMILY HOMES**
ALL SINGLE FAMILY HOMES*
Distribution of Sales by Location
Distribution of Sales by Location
%
%
Descriptor
#
Descriptor
#
0% EAST 3
8% EAST 729
30%
HENDERSON
454
19%
3%
NORTH
49
19% NORTH
1,697
26%
NORTHWEST
400
21%
NORTHWEST
1,850
3%
SOUTH
45
8%
SOUTH
714
37%
SOUTHWEST
567
24%
SOUTHWEST
2,141
Distribution of Sales by Price
HENDERSON
1,679
Distribution of Sales by Price
%
Descriptor
#
%
Descriptor
#
3%
$750K - $999K
309
8%
$0K - $249K
745
2%
$1 - $1.5M
163
71%
$250K - $499K
6,519
1%
$1.5 - $2M
87
13%
$500K - $749K
1,213
1%
$2 - $5M
76
3%
$750K - $999K
309
0% $5M+ 7
2%
$1 - $1.5M
163
TOTAL 9,119
1%
$1.5 - $2M
87
1%
$2 - $5M
76
0% $5M+ 7
TOTAL 9,119
insight – 8 – Q1 2021
1701 ENCLAVE DR | $12,950,000 | TOURNAMENT HILLS 4 Beds | 8 Baths | 13,349 Sq Ft | 1.94 Acres
NUMBER OF PROPERTIES SOLD ABOVE, EQUAL TO OR BELOW LIST PRICE*
DAYS ON MARKET BY PRICE RANGE*
$0k - $249k
$0k - $249k
$250k - $499k
$250k - $499k
<$100K
$500k - $749k $100K - $250K
$500k - $749k
$250K - $500K
$750k - $999k
$750k - $999k
$500K - $750K
$1 - $1.5M
$1 - $1.5M
$750K - $1M
$1.5 - $2M
$1.5M - $2M $1.5 - $2M $1M - $1.5M
$2 - $5M
$2M - $5M
$5M+
$2 - $5M $5M+
>$5M 0%
0%
0% 10%
20%
20% 30% less
40%
40% 50%
Equal
60%
60%
70%
80% 80%
90%
100% 100%
Greater
9
10%
20%
0 - 30
30 - 60
30% 60 - 90
40% 90 - 120
50%
60%
120 - 150
70% 150 - 180
80% 180+
90%
100%
by the numbers.
days on market report DAYS ON MARKET | SINGLE FAMILY HOMES Month
<30
30-60
60-90
90-120
120-150
150-180
180+
Grand Total
<30 (%)
January
1,692
455
254
140
67
34
61
2,703
63%
February
1,857
437
245
132
76
28
84
2,859
65%
March
2,775
400
218
138
85
58
146
3,820
73%
Grand Total
Row Labels $0k - $249k
6,324
1,292
0 - 30
30 - 60
717
410
60 - 90
228
120
90 - 120
120 - 150
150 - 180
291
180+
9,382
Grand Total
67%
% under 30
503
130
81
41
20
11
36
822
61%
$250k - $499k
4,731
906
420
235
135
56
155
6,638
71%
$500k - $749k
760
168
131
81
33
27
43
1,243
61%
$750k - $999k
167
43
41
31
16
7
22
327
51%
$1 - $1.5M
87
19
25
6
14
3
13
167
52%
$1.5 - $2M
40
16
11
9
2
7
9
94
43%
$2 - $5M
32
10
8
7
6
9
12
84
38%
1
7
57%
$5M+ Grand Total
4 6,324
2 1,292
717
410
228
120
291
9,382
67%
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 11
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. Rolex Cosmograph Daytona, a Watch of Mythical Origin BY DAVID HO | APR 9, 2021 A horological unicorn with origins of almost mythical quality, the Rolex Cosmograph Daytona in platinum with a Tiffany-blue lacquer “Stella” dial is a very rare watch with a previously unknown story. Not until other pieces of such legend had come to light in recent auctions did we learn the true nature of this exceptional watch. The Rolex Cosmograph Daytona, reference 16516, was manufactured in 1998 and is one from a rumoured set of five unique platinum Daytonas with the Zenith El Primero movement, each with a different dial. Sotheby’s has auctioned two so far, with both selling for record-breaking amounts. The first piece to surface, with a black Tahitian mother-of-pearl dial, sold for HK$6.8 million (US$871,000) in 2018. Sotheby’s auctioned another possibly unique Cosmograph Platinum Zenith Daytona in the summer of 2020, this one with a lapis lazuli stone dial. It sold for HK$25.4 million (US$3.27 million). A third and very rare Cosmograph Daytona highlights Sotheby’s upcoming Important Watches auction (23 April, Hong Kong). The watch is ticking. “In terms of wristwatches, the transitional period is a very interesting period as it is before any actual form is given to a model,” explains John Chan, Sotheby's watch specialist who has a special passion for and deep knowledge of Rolex watches. “In history, there are a lot of transitional periods where a watch would suddenly have some red print on the dial or some special features on the case.” “This one shows the transitional period when Rolex was still figuring out how they would want their modern Daytona to look, and there was more flexibility in how they would want it to be designed..." read entire story at sothebys.com
insight – 14 – Q1 2021
Old Masters Market Update BY SOTHEBY'S | APR 12, 2021 Our first sales of last year were held in late January in New York, before the onset of the pandemic. We have held our principal New York Old Masters sales of paintings, drawings, and sculpture at this time for over four decades. Our 2020 season once again underlined Sotheby's preeminence in the Old Master market in New York, realizing a total of $95.4 million for the week. The Old Master Drawings sale totaled $15.1 million, achieving the highest-ever sale result for the second consecutive year. Andrea Mantegna's The Triumph of Alexandria led the auction, selling for $11.7 million, a new auction record for a drawing by the Renaissance artist and the 5th highest auction price for an Old Master Drawing. Our Master Paintings Part I sale, the main event of the week, made over $61 million, the highest total for such a sale since 2012, with seven new auction record prices including one for Giambattista Tiepolo, whose 8-foot tall Madonna of the Rosary made over $17 million. Within two months, circumstances had changed completely – a global health crisis resulting in lockdowns across the world, travel restrictions, and huge economic disruption... read entire story at sothebys.com
15
TOP REASONS
WHY YO U S H O U L D L I ST YO U R H O M E W I T H
SY N E R G Y S OT H E B Y ’ S I N T E R N AT I O N A L R E A LT Y
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BRAND INNOVATION NETWORK WEB TRAFFIC MEDIA DOMINATION MARKETING TRACK RECORD CLIENTELE
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 7,000 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 70 countries produced over 114 billion in total sales volume in 2019. 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 277 Year Brand Heritage, 114 Billion Annual Sales Volume in 2019, 2.4 Billion in Annual Referrals, 34 Million Website Views Annually, 123M+ Property Video Views, 4.4 Billion Media Impressions Annually.
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
the ridges This private reserve of luxury homes, situated on 800 acres in the masterplanned 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.
las vegas, summerlin & henderson
|
702.360.1414
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 10 $1,415,000 $2,607,200 $3,700,000 $511 95
2020 Change 25 15 $1,285,000 $(130,000) $2,652,740 $45,540 $8,250,000 $4,550,000 $474 $(37) 47 -48
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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 21 $650,000 $1,170,869 $3,250,000 $293 106
2020 Change 36 15 $669,900 $19,900 $1,418,332 $247,463 $3,750,000 $500,000 $348 $55 69 -37
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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
insight – 18 – Q1 2021
2019 1 $5,600,000 $5,600,000 $5,600,000 $362 393
2020 Change 1 0 $2,675,000 $(2,925,000) $2,675,000 $(2,925,000) $2,675,000 $(2,925,000) $358 $(4) 13 -380
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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 5 $1,175,000 $1,412,000 $1,660,000 $280 70
2020 Change 2 -3 $1,450,000 $275,000 $1,622,500 $210,500 $1,795,000 $135,000 $331 $51 10 -60
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.
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 4 $871,000 $1,357,750 $1,700,000 $249 123
2020 Change 10 6 $1,449,000 $578,000 $2,226,300 $868,550 $3,700,000 $2,000,000 $383 $134 38 -84
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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 0 $0 $0 $0 $0 0
2020 Change 3 3 $1,270,000 $1,270,000 $2,031,667 $2,031,667 $2,600,000 $2,600,000 $314 $314 10 10
19
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.
las vegas, summerlin & henderson
|
702.360.1414
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 1 $1,975,000 $1,975,000 $1,975,000 $247 446
2020 Change 1 0 $1,899,000 $(76,000) $1,899,000 $(76,000) $1,899,000 $(76,000) $332 $85 72 -374
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 (TPC) 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.
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 2 $1,225,000 $1,249,444 $1,273,888 $244 83
2020 Change 7 5 $638,000 $(587,000) $1,040,714 $(208,730) $1,775,000 $501,112 $245 $2 79 -4
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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
insight – 20 – Q1 2021
2019 2 $875,000 $897,500 $920,000 $238 16
2020 Change 6 4 $875,000 $$1,161,667 $264,167 $1,425,000 $505,000 $310 $72 21 5
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 offering 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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 3 $470,000 $534,667 $595,000 $168 64
2020 Change 3 0 $560,000 $90,000 $605,000 $70,333 $650,000 $55,000 $192 $24 16 -49
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 Vegas’ most sought after, high-end builder, Christopher Homes.
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 3 $653,000 $922,667 $1,090,000 $284 55
2020 Change 3 0 $1,050,000 $397,000 $1,316,333 $393,666 $1,499,999 $409,999 $333 $49 11 -44
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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 9 $385,000 $721,111 $1,400,000 $205 46
2020 Change 29 20 $392,900 $7,900 $1,141,202 $420,091 $7,500,000 $6,100,000 $235 $31 62 16
21
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.
las vegas, summerlin & henderson
|
702.360.1414
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 4 $654,800 $793,700 $920,000 $211 55
2020 Change 12 8 $579,900 $(74,900) $865,695 $71,995 $1,675,000 $755,000 $254 $43 109 54
southern highlands* Living in Southern Highlands means one of the nation’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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 14 $485,000 $1,467,623 $3,125,000 $313 75
2020 Change 20 6 $525,000 $40,000 $2,153,230 $685,607 $5,600,000 $2,475,000 $374 $61 76 1
*country club only
spanish trail Since opening in 1984 Spanish Trail offers one of the Southwest's finest Country Clubs and we have focused on what every golfer is striving for - balance, tempo, consistency and relaxation. Featuring a 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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
insight – 22 – Q1 2021
2019 17 $277,000 $674,076 $1,330,000 $197 99
2020 Change 16 -1 $380,000 $103,000 $930,553 $256,477 $2,000,000 $670,000 $216 $19 110 10
spanish hills The community of Spanish Hills in Las Vegas, is an affluent borough 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.
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 1 $3,141,875 $3,141,875 $3,141,875 $329 212
2020 Change 4 3 $1,500,000 $(1,641,875) $1,910,000 $(1,231,875) $2,815,000 $(326,875) $283 $(46) 64 -149
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 a suburb of Henderson, MacDonald Highlands is uniquely luxurious and distinctly lavish and home to the Dragonridge Country Club.
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 4 $975,000 $2,569,213 $4,376,850 $512 69
2020 Change 28 24 $1,000,000 $25,000 $2,724,502 $155,289 $4,750,000 $373,150 $427 $(85) 169 99
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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 32 $512,500 $1,053,966 $2,800,000 $275 69
2020 Change 33 1 $525,000 $12,500 $1,212,148 $158,183 $4,900,000 $2,100,000 $301 $26 64 -4
23
seven hills
las vegas, summerlin & henderson
|
702.360.1414
As the Roman Empire was built upon its famed rolling hills, so too is the master-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 wonderous 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. 2019 37 $286,000 $701,577 $2,790,000 $214 75
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2020 Change 65 28 $310,000 $24,000 $835,998 $134,421 $4,200,000 $1,410,000 $249 $35 56 -18
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.
2019 5 $595,000 $829,000 $1,025,000 $168 76
# of Transactions Sales Price (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2020 Change 6 1 $732,500 $137,500 $1,164,583 $335,583 $1,800,000 $775,000 $216 $48 82 6
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 (Min) Average Sales Price Sales Price (Max) AVG $/SF AVG Days on Mkt
2019 39 $385,000 $685,848 $1,550,000 $225 65
insight – 24 – Q1 2021
2020 Change 42 3 $185,000 $(200,000) $1,044,306 $358,458 $4,200,000 $2,650,000 $297 $72 65 0
The leader in premium real estate, we deploy intuitive technology to deliver a truly personalized, clientdriven experience. With professionals in more than 70 countries and territories worldwide, we’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.
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CUSTOM HALF ACRE LOTS FROM $409,500 Visit the Lake Las Vegas Real Estate Information Office at 2030 Lake Las Vegas Pkwy to learn more about these custom lots. Open Daily 10am to 5pm.
STUNNING CUSTOM HOMESITES I N A N E X C L U S I V E G AT E D E N C L AV E
synergysir.com | 702.497.0300
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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
Bally’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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VD BL
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Mandalay Bay
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McCarran International Airport
LIVE HIGHRISE
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Circus Circus Wynn / Encore
14 Stratosphere
Downtown
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Sahara
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Hilton
Riviera
12 Las Vegas Country Club
Las Vegas Convention Center Wynn Golf Course
Palazzo Sands Convention Center
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Harrahs Imperial Palace Flamingo Bill’s
UNLV
Thomas & Mack Center
LEGEND 1.
ONE Las Vegas
6. Panorama Towers
11. Metropolis
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Turnberry Towers
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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
Regency Towers
4. Veer Towers
9. Park Towers
14. Allure
19. The Ogden
5. Vdara
10. Trump
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20. One Queensridge
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Turnberry Place
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.
2019 3 $1,015,000 $1,838,333 $2,650,000 $1,024 50
2020 Change 10 7 $900,000 $(115,000) $2,170,000 $331,667 $4,200,000 $1,550,000 $1,064 $40 80 30
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.
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# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 2 $1,625,000 $1,925,000 $2,225,000 $506 166
2020 Change 3 1 $900,000 $(725,000) $1,061,667 $(863,333) $1,250,000 $(975,000) $444 $(62) 191 25
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 7 $298,000 $616,270 $1,525,000 $587 145
insight – 30 – Q1 2021
2020 Change 11 4 $280,000 $(18,000) $598,364 $(17,906) $1,425,000 $(100,000) $640 $53 139 -6
one queensridge place Dedicated to the most discriminating owners, One Queensridge Place serves as one of the very finest luxury residences in Las Vegas.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 4 $615,000 $1,244,250 $2,400,000 $408 287
2020 Change 5 1 $625,000 $10,000 $1,721,000 $476,750 $3,800,000 $1,400,000 $473 $65 65 -222
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 6 $200,000 $488,250 $1,680,000 $506 82
2020 Change 19 13 $160,000 $(40,000) $199,605 $(288,645) $290,000 $(1,390,000) $362 $(144) 119 37
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 3 $360,000 $641,667 $900,000 $791 48
2020 Change 2 -1 $420,000 $60,000 $495,000 $(146,667) $570,000 $(330,000) $784 $(6) 186 138
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mgm signature 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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 17 $225,000 $300,465 $657,500 $447 128
2020 Change 26 9 $184,000 $(41,000) $245,242 $(55,222) $322,800 $(334,700) $413 $(35) 115 -13
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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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 11 $214,000 $331,500 $500,000 $405 45
2020 Change 13 2 $205,000 $(9,000) $248,269 $(83,231) $420,000 $(80,000) $356 $(49) 68 23
sky las vegas Sky Las Vegas is a 45-story luxury high-rise condominium tower with 409 units. The north end of the Strip received a bit of good news recently with the Fontainebleau’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
2019 6 $349,900 $561,550 $800,000 $362 115
insight – 32 – Q1 2021
2020 Change 10 4 $254,000 $(95,900) $508,900 $(52,650) $1,500,000 $700,000 $321 $(40) 55 -60
turnberry place The four towers of this prestigious enclave continue to be one of the premier residences of the Las Vegas Strip.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 15 $340,000 $898,967 $3,750,000 $312 174
2020 Change 26 11 $397,000 $57,000 $805,942 $(93,024) $2,175,000 $(1,575,000) $305 $(7) 109 -65
turnberry towers The sister project to Turnberry Place overlooks the Las Vegas Country Club golf course as well as offering some amazing Strip views.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 16 $260,000 $461,188 $675,000 $374 101
2020 Change 19 3 $256,000 $(4,000) $438,974 $(22,214) $690,000 $15,000 $357 $(17) 75 -26
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 6 $220,000 $278,417 $360,000 $223 94
2020 Change 10 4 $215,000 $(5,000) $313,600 $35,183 $455,000 $95,000 $232 $10 68 -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 T-Mobile arena and its surrounding restaurant/retail complex, The Park. All these new venues are within walking distance.
# of Transactions Sales Price (Max) Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 13 $280,000 $550,192 $1,650,000 $325 93
2020 Change 18 5 $330,000 $50,000 $669,722 $119,530 $3,000,000 $1,350,000 $373 $48 77 -17
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the martin The sister project of Panorama Towers has stayed steady in its sales relative to last year while bolstering its average sales price.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 8 $387,500 $610,625 $1,075,000 $423 184
2020 Change 15 7 $295,500 $(92,000) $459,227 $(151,398) $900,000 $(175,000) $379 $(44) 59 -125
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 0 $0 $0 $0 $0 0
insight – 34 – Q1 2021
2020 Change 1 1 $245,000 $245,000 $245,000 $245,000 $245,000 $245,000 $211 $211 137 137
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 7 $139,000 $308,879 $435,000 $192 45
2020 Change 12 5 $117,500 $(21,500) $257,708 $(51,170) $360,000 $(75,000) $180 $(12) 97 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, owner’s lounge and social area, and an elegant pool and spa complex.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 14 $299,900 $392,779 $574,900 $271 29
2020 Change 10 -4 $331,000 $31,100 $460,460 $67,681 $694,900 $120,000 $282 $11 104 75
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.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 6 $275,000 $436,667 $540,000 $294 74
2020 Change 5 -1 $248,000 $(27,000) $319,800 $(116,867) $440,000 $(100,000) $296 $2 138 65
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newport lofts These contemporary lofts are the highlight of the downtown residential scene. Located in the renaissance of the downtown area.Featuring open floor plans owners have a view of the Las Vegas Strip and surrounding city.
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
2019 2 $250,000 $400,000 $550,000 $261 37
2020 Change 6 4 $217,000 $(33,000) $379,667 $(20,333) $612,500 $62,500 $257 $(3) 28 -9
702.360.1414
# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt
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Leading the way in the downtown redevelopment, this loft development continues to play an iconic role in the next phase of the downtown renaissance.
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2019 3 $295,000 $309,667 $327,000 $235 82
insight – 36 – Q1 2021
2020 Change 6 3 $327,000 $32,000 $373,148 $63,481 $465,000 $138,000 $252 $17 64 -18
listings of distinction. 720 dragon peak $12,800,000 | 8,156 sq ft | 5 beds | 7 baths
702.360.1414 | s y n e r g y s i r. c o m
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listings of distinction. 23 rue mediterra
702.360.1414
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s y n e r g y s i r. c o m
$6,300,000 | 10.549 sq ft | 5 beds | 11 baths
insight – 38 – Q1 2021
With more than 24,000 associates in 1,000 offices in 75 countries around the world, Sotheby’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.
live global.
SANTA ROSA, CA
NEW YORK, NY
LONDON, ENGLAND
3 Beds | 3 Baths $4,000,000 | ID: PZ2WQ7
3 Beds | 3 Baths $7,500,000 | ID:63DS5H
5 Beds | 4 Baths $3,641,367 | ID: EEW746
CHICAGO, IL
YORKVILLE, CA
PARKER, CO
4 Beds | 5 Baths $2,825,000 | ID: TCDWMY
3 Beds | 2 Baths $1,995,000 | ID: YXNTEC
6 Beds | 10 Baths $5,000,000 | ID: XB52ZD
PARK CITY, UT
LAKE TAHOE, CA
PALM DESERT, CA
5 Beds | 7 Baths $4,950,000 | ID: 8FRXM9
3 Beds | 3 Baths $1,600,000 | ID: 7J9H8M
3 Beds | 4 Baths $1,495,000 | ID: 3ELP68
LEARN MORE AT SYNERGYSIR.COM 39
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 • 75 COUNTRIES • 1,000 OFFICES • 702.360.1414 • SYNERGYSIR.COM ®,™ 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 or Sotheby’s International Realty® All information from MLS and Tax Records representing Single Family Homes only in MLS Areas 101-606