Las Vegas Luxury Real Estate Market Report | Q2 2020

INSI GHT Las Vegas | Q2 2020

Summerlin Office

table of contents

6

globally connected

8

by the numbers

14

news + notes

16 communities

MacDonald Highlands Office

Green Valley Office

Lake Las Vegas Office

25

golf course living

28

verticals

37

listings of distinction

#VEGASSTRONGER

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

Thomas Marsaw 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

ABOUT THE MAGAZINE

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

WE HAVE

1,000

O F F I C ES 1 OUT OF 3 OFFICES ARE

OUTSIDE OF THE UNITED STATES

AGENTS

WE NOW HAVE

23,000 $114B ANOTHER RECORD YEAR

IN ANNUAL GLOBAL SALES

34MTO

VISITS

SIR.COM 14PERCENT

INCREASEYoY

EXCEEDED

$2.25B IN ANNUAL VALUE FROM

2,115 C LOS E D R E F E R RA LS

OVER 180,0000

YOUTUBE SUBSCRIBERS

SILVER CREATOR

AWARD WINNER WE 41 TOP 250 TOP AGENTS IN AMERICA OF THE

HAVE

vegas born | globally connected

1,000

23,000

1/3

30.9M

Offices Worldwide

Associates Worldwide

Offices outside the United States

Page Views in Q1 2020

114B

$

Total worldwide Sale 2019

61% 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

insight | q2 2020

significant sales

top 10 sales in 2020 Q1 $5.8M

9828 WINTER PALACE

$5.5M

34 MEADOWHAWK

$4.5M

43 MORNING GLOW

$4.2M

2673 BOBOLI

$4.1M

9940 ORIENT EXPRESS

$3.9M

1199 MACDONALD RANCH

$3.8M

4195 WEST BADURA

$3.3M

669 FALCON CLIFF

1199 MACDONALD RANCH | $3,950,000 | MACDONALD HIGHLANDS

1320 ENCHANTED RIVER | $1,500,000 | MACDONALD HIGHLANDS

$3.2M

943 KONGA

$3.0M

9824 WINTER PALACE

2007 CHERRY CREEK | $1,375,000 | RED ROCK COUNTRY CLUB

q2 2020 |

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

Henderson

$750K - $1M

North

$1M - $1.5M

Northwest

$1.5M - $2M

South

$2M - $5M

Southwest

>$5M

ALL SINGLE FAMILY HOMES* Distribution of Sales by Location

Distribution of Sales by Sales Price <$100K

East

$100K - $250K

Henderson

$250K - $500K

North

$500K - $750K

Northwest

$750K - $1M $1M - $1.5M

South

$1.5M - $2M

Southwest

$2M - $5M

NUMBER OF PROPERTIES SOLD ABOVE, EQUAL TO OR BELOW LIST PRICE*

DAYS ON MARKET BY PRICE RANGE*

>$5M

>$5M

$2M - $5M

$2M - $5M

$1.5M - $2M

$1.5M - $2M

$1M - $1.5M

$1M - $1.5M

$750K - $1M

$750K - $1M

$500K - $750K

$500K - $750K

$250K - $500K

$250K - $500K

$100K - $250K

$100K - $250K

<$100K

<$100K 0%

10%

20%

30%

40% less

8

insight | q2 2020

Equal

50% Greater

60%

70%

80%

90%

100%

0%

10%

20% <30

30% 30 - 90

40% 90 - 120

50%

60%

120 - 180

70% 180+

80%

90%

100%

106 STONE CANYON | $4,500,000 | BOULDER CITY 6 Beds | 11 Baths | 9,245 Sq Ft | 1.59 Acre

q2 2020 |

insight

9

by the numbers | days on market report

DAYS ON MARKET Single Family Homes

Month

<30

30-90

90-120

120-180

180+

Grand Total

<30 (%)

January

1,025

807

146

153

66

2,197

47%

February

1,211

717

206

163

89

2,386

51%

March

1,588

602

189

194

94

2,667

60%

Apr

1,335

336

73

89

59

1,892

71%

May

1,101

386

45

58

46

1,636

67%

Jun

1,409

Grand Total

Price Range

738

7,669

3,586

<30

30 - 90

<$100K

85

66

54

2,352

60%

744

723

408

13,130

59%

90 - 120

120 - 180

180+

Grand Total

<30 (%)

1

1

$100K - $250K

670

243

35

24

29

1,001

67%

$250K - $500K

2,812

974

133

136

80

4,135

68%

$500K - $750K

280

173

27

27

29

536

52%

$750K - $1M

48

39

5

8

3

103

47%

$1M - $1.5M

25

15

2

9

10

61

41%

$1.5M - $2M

3

7

4

3

17

18%

$2M - $5M

5

8

3

4

21

24%

>$5M

1

2

50%

Grand Total

3,845

1

1

1

4

1 1,460

203

213

159

5,880

25%

43%

$5.8M

4

89135

4

101

Highest sale in Q2 2020

offices in southern Nevada

over $750,000

developments

homes over 1M

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

Over 21% of all sales over $750,000 were within 89135. The runner up was 89052 with 11%.

Synergy Sotheby's International Realty represents 4 developments.

There were 101 homes sold over $1,000,000 in Southern Nevada in 2020 Q2. 23 of which were over $2,000,000.

$5,888,000 was the highest priced home to sell in the second quarter of 2020. 9828 Winter Palace is located in Queensridge.

With 4 offices in Southern Nevada, we are able to serve your needs no matter where youâ&#x20AC;&#x2122;re looking to buy or sell!

VINTNER GRILL Vintner Grill is a lively American bistro nestled in Summerlin, Las Vegas’ premier community. From working lunches to formal dinners, casual date night to family celebrations, Vintner Grill’s pleasant and inviting ambiance makes it perfect for a variety of occasions. The menu features American dishes infused with flavors from Spain, France and Italy. The bistro’s compelling architecture combined with the simplicity of its modern décor gives the dining experience a sense of casual elegance. Vintner Grill also offers a beautifully appointed patio featuring two, illuminated cabanas where guests can enjoy their meal in a unique outdoor setting. In short, Vintner Grill is worth taking a brief trip “off the Strip” if you are looking for a neighborhood gem where the locals go.

702.214.5590 • 10100 W CHARLESTON BLVD 150 • LAS VEGAS, NV 89135

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

A Reticulated Qing Dynasty Vase That Encompasses China’s Past

BY REGINA KRAHL | JUL 5, 2020

How to pay homage to as many classic Chinese art styles as possible while creating a symphonic work of art in contemporary taste? If it sounds like squaring the circle, this is what Jingdezhen’s craftsmen achieved with this piece. To any connoisseur versed in the history of Chinese art the reticulated vase featured in a special upcoming auction must appear like a culmination of centuries of ingenuity in Chinese crafts.

Its multiple associations spell ‘Glorious Past’ on so many different levels, that even for the expert viewer it takes a while to unravel them all. Like a stroll through the imperial collection, this vase takes us from archaic bronzes and jades via Longquan celadon and imperial blueand-white to Rococo flower design. What is perhaps most admirable about it – even more than its technical sophistication – is its stylistic coherence, which fuses nostalgic nods to antiquity with fashionable takes on international trends of the day.

The extremely small group of pierced, double-walled vases that were produced for the Qianlong Emperor provided probably the greatest technical challenge ever for the potters at the imperial kilns. The complexity of the production process can hardly be overstated and the perfection of the execution is next to miraculous. Works like these could have been developed by the imperial kilns only under the leadership of Tang Ying (1682-1756), who combined superior understanding of the properties of the ceramic medium, vast experience with the intricacies of the production process and an unerring sense of aesthetics, with exceptional ambition... read entire story at sothebys.com

Rembrandt's Self-Portrait and the Art of Reflection

BY SOTHEBY'S | JUL 7, 2020 No artist’s face is so instantly recognizable as Rembrandt’s. He recorded his own physiognomy in a great variety of moods and costumes in some eighty paintings, etchings and drawings, and charted its changes with remorseless self-examination, from an ambitious and self-confident youth of 22, to a careworn and prematurely aged old man of 63.

It is fitting that such a complex and demanding artist as Rembrandt should have left us with some eighty painted, etched and drawn images of himself, so that we are challenged to look at the artist as we seek to understand his artistic personality. This self-depiction of a confident and successful young artist recently established in Amsterdam is one of the last painted selfportraits by Rembrandt left in private hands, and may be the last that is likely to come to the open market. Bridging the gap between the character studies of the earlier self-portrait heads from his Leiden period, and the elaborate fancy-dress portraits of his subsequent Amsterdam self-portraits of the 1630s, it is a considered and sober self-depiction of the artist just beginning to enjoy the fruits of success as the leading portrait painter in Amsterdam, keen to be seen as the social equal of his affluent and formally dressed clients.

Although Rembrandt’s self-portraits appear to us today to form a consistent series recording almost the entire span of his career, there is no reason to suppose that they were intended as a series, or that there was a common motive in their creation... read entire story at sothebys.com 14

insight | q2 2020

news + notes

David Rothschild’s Minimalist Style

BY SOTHEBY'S | JUL 5, 2020

How did you get started in the art world?

In 2008 I was studying art history at the University of Miami, and heard about a part-time, clerical role within Sotheby’s Miami regional office. I grew up in New York City, not far from Sotheby’s on York Avenue, and the thought of working for the auction house was always a dream for me. I jumped at the opportunity to interview for the position. The director of the office was a charming, gregarious gentleman, and we developed a good rapport. He offered me the position on the spot, and the next day I began working for Sotheby’s two days a week.

What began as a clerical role quickly morphed into a mentorship, and I was very fortunate to begin accompanying the director on visits and appraisals to many of the top art collections in the South Florida region. In a short time, I learned a lot about the business, the role the regional offices played and most importantly, I realized my passion for Modern, post-war and contemporary art and that this was going to be my career path. I loved what I was doing and became totally hooked. read entire story at sothebys.com

Diana Scarisbrick on the Art of Gem Engraving

BY SOTHEBY'S | JUL 2, 2020 As several stunning examples of engraved gems come to auction in the upcoming Small Wonders: Early Gems and Jewels sale opening on 3 July, Head of Auction Sales for Sotheby's London, Christopher Mason, speaks to Diana Scarisbrick FSA, one of the world’s most admired and respected antique jewelry experts, about her unique scholarly journey and why people throughout the ages have been drawn to the art of gem engraving.

Diana has a particular love of engraved gems and, together with Sir John Boardman, has catalogued many of the most important collections, including those of the Dukes of Devonshire, Marlborough and Northumberland. She was appointed Research Associate at the University of Oxford’s Classical Art Research Centre in 2013. Diana has written extensively, with Diamond Jewelry: 700 Years of Glory and Glamour being published only last year.

Diana, it’s truly a great pleasure for me to interview you on your subject of specialism. Perhaps you could begin by explaining how you came to be interested in cameos and intaglios?

"Well my dear, I used to work as a journalist in the 1970s and I always found I was on the fringes and never really made a special subject my own. I used to be a kind of shop hound for an Italian art magazine. That’s how I got into galleries and started looking at things and buying things myself, especially rings. I have always been interested in sculpture because we had sculpture in our home and I learned to live with sculpture and to appreciate it... read entire story at sothebys.com q2 2020 |

insight

15

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 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 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 Q2 18 $4,100,000 $2,043,708 $1,200,000 $445 75

2020 Q2 Change 9 -50% $5,500,000 34% $2,555,778 25% $1,228,000 2% $432 -3% 80 7%

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 Q2 19 $2,300,300 $1,121,542 $595,000 $310 82

2020 Q2 Change 17 -11% $1,892,000 -18% $1,222,176 9% $650,000 9% $304 -2% 75 -9%

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

18

insight | q2 2020

2019 Q2 4 $2,100,000 $1,797,500 $1,600,000 $317 15

2020 Q2 Change 1 -75% $1,800,000 -14% $1,800,000 0% $1,800,000 13% $240 -24% 0 -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 Q2 3 $1,700,000 $1,470,000 $1,335,000 $245 157

2020 Q2 Change 3 0% $1,700,000 0% $1,465,000 0% $1,225,000 -8% $306 25% 54 -66%

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, 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 Q2 5 $1,995,000 $1,476,500 $1,035,000 $289 114

2020 Q2 Change 1 -80% $2,655,000 33% $2,655,000 80% $2,655,000 157% $326 13% 56 -51%

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 Q2 1 $1,430,750 $1,430,750 $1,430,750 $298 230

2020 Q2 Change 1 0% $2,950,000 106% $2,950,000 106% $2,950,000 106% $254 -15% 77 -67%

q2 2020 |

insight

19

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 Q2 2020 Q2 Change 1 - $980,000 - $980,000 - $980,000 - $238 - 19 - -

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 Canyon Fairways accentuate that feeling.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q2 2020 Q2 Change 2 - $1,490,000 - $1,262,500 - $1,035,000 - $249 - 157 - -

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

insight | q2 2020

2019 Q2 2 $1,212,450 $1,006,225 $800,000 $240 42

2020 Q2 Change 2 0% $1,349,000 11% $1,274,500 27% $1,200,000 50% $337 40% 16 -63%

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 (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q2 2 $1,800,000 $1,625,000 $1,450,000 $270 86

2020 Q2 Change 2 0% $1,515,212 -16% $1,147,606 -29% $780,000 -46% $283 5% 88 3%

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 Q2 1 $775,000 $775,000 $775,000 $177 8

2020 Q2 Change 2 100% $1,000,000 29% $942,500 22% $885,000 14% $296 67% 14 69%

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 Q2 8 $2,400,000 $1,058,113 $575,000 $213 34

2020 Q2 Change 13 63% $5,888,000 145% $1,509,646 43% $385,000 -33% $256 20% 69 104%

q2 2020 |

insight

21

las vegas, summerlin & henderson

|

702.360.1414

canyon gate country club Not far from Las Vegas, Canyon Gate Country Club offers terrific views and challenging play for golfers at every skill level. 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 Q2 10 $1,490,000 $835,300 $519,000 $244 67

2020 Q2 Change 4 -60% $1,150,000 -23% $711,250 -15% $355,000 -32% $242 -1% 14 -80%

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 Q2 7 $2,300,000 $1,243,357 $610,000 $284 84

2020 Q2 Change 4 -43% $2,100,000 -9% $1,521,250 22% $535,000 -12% $297 5% 125 48%

*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 (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

22

insight | q2 2020

2019 Q2 14 $1,250,000 $628,021 $426,300 $194 61

2020 Q2 Change 14 0% $1,695,000 36% $693,325 10% $435,000 2% $187 -4% 97 58%

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 (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q2 2020 Q2 Change 3 - $1,250,000 - $1,058,333 - $850,000 - $223 - 134 - -

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 (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q2 9 $3,995,000 $2,245,758 $895,000 $415 97

2020 Q2 Change 5 -44% $3,950,000 -1% $2,213,000 -1% $965,000 8% $380 -8% 97 0%

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 Q2 36 $2,730,000 $1,004,619 $409,888 $272 67

2020 Q2 Change 18 -50% $2,750,000 1% $1,021,676 2% $495,000 21% $287 6% 59 -12%

q2 2020 |

insight

23

las vegas, summerlin & henderson

|

702.360.1414

seven hills 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. # of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q2 52 $2,058,000 $642,125 $291,500 $208 39

2020 Q2 Change 42 -19% $4,265,000 107% $643,656 0% $285,000 -2% $205 -2% 52 34%

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 Q2 5 $1,200,000 $935,000 $690,000 $195 126

2020 Q2 Change 1 -80% $1,060,000 -12% $1,060,000 13% $1,060,000 54% $213 9% 133 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 (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

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2019 Q2 28 $1,499,990 $697,112 $355,000 $234 74

2020 Q2 Change 21 -25% $1,800,000 20% $798,545 15% $420,000 18% $242 3% 87 18%

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, 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 are 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

7

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3

5

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

eg sV

VD BL

La

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 Billâ&#x20AC;&#x2122;s

UNLV

Thomas & Mack Center

LEGEND 1.

ONE Las Vegas

6.

Panorama Towers

11. Metropolis

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Turnberry Towers

2.

MGM Signature

7.

The Martin

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Newport Lofts

3.

Mandarin Oriental

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Palms Place

13. Sky

18. Soho Lofts

4.

Veer Towers

9.

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 Q2 3 $3,600,000 $2,500,000 $1,100,000 $1,163 85

2020 Q2 Change 1 -67% $1,000,000 -72% $1,000,000 -60% $1,000,000 -9% $905 -22% 0 -100%

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 doesnâ&#x20AC;&#x2122;t traditionally have much in the way of turnover.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q2 2020 Q2 Change 2 - $2,700,000 - $2,150,000 - $1,600,000 - $612 - 623 - -

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 MGMâ&#x20AC;&#x2122;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

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2019 Q2 9 $1,238,000 $653,389 $320,000 $615 89

2020 Q2 Change 5 -44% $465,000 -62% $359,200 -45% $225,000 -30% $520 -15% 86 -4%

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 Q2 7 $2,350,000 $1,516,786 $750,000 $434 43

2020 Q2 Change 1 -86% $4,000,000 70% $4,000,000 164% $4,000,000 433% $782 80% 52 21%

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 Q2 2020 Q2 Change 6 5 -17% $2,900,000 $468,888 -84% $713,833 $275,378 -61% $215,000 $190,000 -12% $517 $393 -24% 45 277 514%

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 Q2 2020 Q2 Change 4 - $550,000 - $444,125 - $360,000 - $732 - 181 - -

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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 Q2 21 $737,500 $353,276 $264,000 $416 50

2020 Q2 Change 4 -81% $320,000 -57% $269,875 -24% $217,500 -18% $354 -15% 213 326%

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 Q2 20 $2,200,000 $404,513 $225,000 $409 64

2020 Q2 Change 14 -30% $460,000 -79% $232,929 -42% $185,000 -18% $315 -23% 86 34%

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 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 Q2 4 $441,500 $358,125 $245,000 $320 28

2020 Q2 Change 6 2 $800,000 $358,500 $561,550 $203,425 $349,900 $104,900 $362 $42 115 87

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 Q2 14 $4,150,000 $872,982 $267,500 $309 74

2020 Q2 Change 2 -86% $720,000 -83% $610,000 -30% $500,000 87% $242 -22% 22 -71%

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 Q2 8 $685,000 $466,581 $300,000 $374 52

2020 Q2 Change 4 -50% $600,000 -12% $457,500 -2% $275,000 -8% $345 -8% 31 -40%

allure This highrise tower benefits from being adjacent to the Sahara on the Las Vegas Strip and MGM Resortsâ&#x20AC;&#x2122; 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 Q2 12 $345,000 $229,000 $187,500 $236 51

2020 Q2 Change 6 -6 $360,000 $15,000 $278,417 $49,417 $220,000 $32,500 $223 $(13) 94 43

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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 Q2 9 $888,000 $626,988 $267,888 $357 50

2020 Q2 Change 6 -33% $1,050,000 18% $567,500 -9% $370,000 38% $345 -3% 46 -7%

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 Q2 8 $1,100,000 $536,625 $340,000 $383 44

2020 Q2 Change 8 0% $1,100,000 0% $573,125 7% $335,000 -1% $398 4% 58 32%

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

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2019 Q2 2020 Q2 Change 1 - $725,000 - $725,000 - $725,000 - $264 - 68 - -

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 Q2 5 $417,500 $357,300 $265,000 $187 79

2020 Q2 Change 1 -80% $230,000 -45% $230,000 -36% $230,000 -13% $150 -20% 92 17%

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.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

2019 Q2 17 $674,900 $423,724 $339,900 $279 0

2020 Q2 Change 6 -65% $494,900 -27% $382,417 -10% $290,000 -15% $265 -5% 17 -

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 Q2 5 $734,900 $468,320 $279,900 $325 22

2020 Q2 Change 7 40% $589,000 -20% $490,857 5% $280,000 0% $299 -8% 75 249%

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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 Q2 2 $265,000 $257,500 $250,000 $263 19

2020 Q2 Change 2 0% $400,000 51% $387,500 50% $375,000 50% $274 4% 70 278%

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.

# of Transactions Sales Price (Max) Average Sales Price Sales Price (Min) AVG $/SF AVG Days on Mkt

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2019 Q2 2020 Q2 Change 2 - $320,000 - $315,500 - $311,000 - $236 - 39 - -

listings of distinction

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702.360.1414

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1522 dragon crest

$7,500,000 | 6,454 sq ft | 4 beds | 6 baths

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30 greenside

$2,999,000 | 9,245 sq ft | 6 beds | 8 baths

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

LIVEGLOBAL With more than 23,000 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.

MULLINGAR, IRELAND

CORONADO, CA

MYKONOS, GREECE

12 Beds | 5 Baths $5,637,614 | ID: BXGW25

8 Beds | 10 Baths $3,995,000 | ID: ZLP865

10 Beds | 12 Baths $5,848,611 | ID: P26Y6F

RANCHO SANTA FE, CA

TURKS AND CAICOS

BETHESDA, MD

4 Beds | 5 Baths $5,795,000 | ID: Q2J842

6 Beds | 7 Baths $5,900,000 | ID: YLFVMB

6 Beds | 8 Baths $5,950,000 | ID: X898FR

GRANITE BAY, CA

PALM BEACH GARDENS, FL

MOSCOW, RUSSIA

5 Beds | 7 Baths $4,988,888 | ID: 5NNL87

5 Beds | 7 Baths $4,995,000 | ID: GMV94B

5 Beds | 6 Baths $5,000,000 | ID: RWWLNS

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