insight HENDERSON
Q1 2022
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
PRESIDENT & BROKER Randy Char
ART DIRECTION Renee Ladores
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 79 countries, with over 25,000 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, visit lasvegassir.com for more.
table of contents 4
southern nevada overview
6
globally connected
7
the difference is
8
henderson communities
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: 10100 W Charleston Blvd., 160, Las Vegas, NV 89135
702.360.1414
|
insight@lasvegassir.com
VIEW MORE PROPERTIES:
lasvegassir.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
INSIGHT Q1 2022: HENDERSON
|
3
4
| LASVEGASSIR.COM
2019
2020
2021
735
January
2,353
2,296
3,030
2,839
2,909
2,959
3,765
3,568
3,759
2021
March
December
3,040
3,543
3,683
3,759
2021
613
729
606
Novermber
2,850
4,132 3,910
846 900 1,058 1,132 1,128 1,105 955 748
May June July August September October Novermber December
3,224
2,872 2,484 March 577
2022
3,061
3,484
3,598
5,949 5,760
4,821 4,655
5,013
5,942
4,058
5,837
5,301
4,401
4,810
5,188
4,779
5,042 4,342
5,341 4,964
2,948
6,856 5,963
4,243
4,532
3,972
5,703 4,998
4,183
February 612
January 650
781 799
February
April
809
January
March
1,153 965
December
8,853 8,654
7,197 7,072
7,951
8,892
7,240
6,546
9,024 8,944
9,788
8,116
7,341
9,674
8,028
7,445
9,472
7,856
2021
February
719
October
2,952
731
693
September
3,003
756
August
3,286
3,119
846
3,760
2020
791
3,038
4,315 4,223
2020
July
722
May
3,440
3,438
3,674
1,405
1,652
August
Novermber
1,603
July
1,656
1,579
June
1,582
1,672
May
October
1,646
April
September
1,616
March
8,259
6,908
10,448
11,127
11,412
11,717
11,715
11,896
11,687
11,222
2020
June
875
785
3,181
2,901
# SOLD - HENDERSON
April
2,869
# SOLD - LAS VEGAS
March
2,565
2,267
3,376
JANUARY 2019 - MARCH 2022
616
805
December
2,663
3,557 3,535
properties sold
February
713
Novermber
3,136
3,524
1,351
February
9,019 8,474
7,103
7,552
8,747
9,290
9,525
9,829
9,597
9,279
JANUARY 2019 - MARCH 2022
634
736
October
2,578
1,467 1,371
January
1,701
Novermber December
1,887
August
1,837
1,961
July
October
9,756
2,067 2,043
June
September
2,090
May
all available inventory
January
2,829
2,799
728
September
2,498
638
2,800
3,100
2019
August
2,019
2,084
1,802
2,495
2,910
2,773
2,535
2,644
2019
724
559
June
1,402
1,686
2,216
2,051
2,333
2,109
3,206
3,073
3,471
9,672
1,943
April
2019
July
400
May
605
398
March
April
557
535
Novermber
February
609
October
577
2,597
602
September
484
2,471
629
August
3,432
4,500
3,188
5,000
2,549
SOUTHERN NEVADA |
January
2,842
646
July
4,000 3,603
SOUTHERN NEVADA |
December
2,786
639
June
3,500 3,256
10,948
13,000
2,932
2,936
3,000
9,114
1,834
-0 March
2,000
1,810
3,000
1,799
5,000
January
4,000
February 10,637
8,000 10,609
9,000
8,827
10,000
8,810
7,000
2,602
2,265
2,064
671
00
654
500
May
1,000
April
2,366
2,000
570
1,500
1,841
2,500
March
1,626
1,000
438
6,000
424
11,000
January
12,000
February
southern nevada by the numbers
At Las Vegas Sotheby’s International Realty, we take great pride in presenting you with up-to-date statistics concerning Las Vegas and the
surrounding areas. This in-depth analysis of past and current data trends helps our agents stay on top of what's going on in the Southern
Nevada housing market and pass these insights on to you.
This metric gives us a glance of the total amount of properties for sale in Southern Nevada by month, from 2019 to present.
DEFINING ALL AVAILABLE INVENTORY
2022
# FOR SALE - LAS VEGAS
# FOR SALE - HENDERSON
2022
DEFINING PROPERTIES SOLD
This metric calculates the number of properties sold, by month, broken down by Las Vegas and Henderson.
2022
$0 $0 240.0M 240.0M 232.1M 232.1M 242.2M 242.2M 207.9M 207.9M 224.1M 224.1M
August August
2019 2019 September September October October Novermber Novermber December December
241.0M 241.0M
March March
2020 2020 2021 2021
393.4M 393.4M 359.9M 359.9M
Novermber Novermber December December January January
March March
441.6M 441.6M
337.1M 337.1M
372.5M 372.5M
October October
1.1B 1.1B
1.1B 1.1B
1.3B 1.3B
1.4B 1.4B
1.2B 1.2B
1.3B 1.3B
1.3B 1.3B
1.4B 1.4B
1.5B 1.5B
1.4B 1.4B
1.4B 1.4B
1.4B 1.4B
2.0B 2.0B
1.9B 1.9B
1.8B 1.8B
1.8B 1.8B
1.7B 1.7B 1.7B 1.7B
1.6B 1.6B
1.7B 1.7B
1.7B 1.7B
1.7B 1.7B
1.8B 1.8B
2021
February February
379.8M 379.8M 364.3M 364.3M
September September
379.3M 379.3M
August August
438.7M 438.7M
1.3B 1.3B
1.5B 1.5B
TOTAL VOLUME - HENDERSON
JulJul yy
1.3B 1.3B
1.4B 1.4B
1.4B 1.4B
1.1B 1.1B
1.3B 1.3B
1.4B 1.4B
1.4B 1.4B
1.3B 1.3B
$2.0B $2.0B
487.9M 487.9M
383.8M 383.8M
May May
1.1B 1.1B
1.2B 1.2B
2020
June June
432.0M 432.0M 416.0M 416.0M
1.0B 1.0B
840.1M 840.1M
1.0B 1.0B
924.2M 924.2M
TOTAL VOLUME - LAS VEGAS
Apri Apri ll
299.5M 299.5M
February February
1.0B 1.0B 1.0B 1.0B
899.9M 899.9M
998.9M 998.9M
JANUARY 2019 - MARCH 2022
March March
303.5M 303.5M
January January
405.8M 405.8M
320.3M 320.3M
Novermber Novermber
696.5M 696.5M
1.1B 1.1B
$1.6B $1.6B
December December
339.3M 339.3M 331.4M 331.4M
October October
292.8M 292.8M
August August September September
292.5M 292.5M
227.7M 227.7M
635.4M 635.4M
706.1M 706.1M
834.4M 834.4M
959.8M 959.8M
1.0B 1.0B
1.1B 1.1B
1.2B 1.2B
1.2B 1.2B
$1.4B $1.4B
JulJul yy
476.1M 476.1M
554.6M 554.6M
730.4M 730.4M
841.3M 841.3M
919.0M 919.0M
1.0B 1.0B
1.1B 1.1B
1.2B 1.2B
2019
June June
May 159.3M May 159.3M
Apri Apri l l 151.5M 151.5M
229.4M 229.4M
February February
654.1M 654.1M
794.8M 794.8M
711.1M 711.1M
841.5M 841.5M
776.6M 776.6M
923.6M 923.6M
919.0M 919.0M
809.6M 809.6M
1.1B 1.1B
SOUTHERN NEVADA |
January 187.2M January 187.2M
240.5M 240.5M 235.0M 235.0M
931.4M 931.4M
961.4M 961.4M
$1.2B $1.2B
JulJul yy
277.3M 277.3M
May May
811.7M 811.7M
743.6M 743.6M
$1.8B $1.8B
June June
239.5M 239.5M
$200M $200M
217.8M 217.8M
$600M $600M
Apri Apri ll
732.9M 732.9M
675.0M 675.0M
$1.0B $1.0B
March March
573.4M 573.4M
509.3M 509.3M
$400M $400M
January January 165.7M 165.7M
$800M $800M
February 159.5M February 159.5M
total volume sold DEFINING TOTAL SOLD VOLUME
This metric defines the total dollar volume of real estate sales in Las Vegas and Henderson.
2022
2022 2022
At Las Vegas Sotheby’s International Realty, our responsibility
goes beyond assisting our clients in the purchasing and selling
of real estate. We’re ambassadors of our community. We look at
each moment as an opportunity to bring irreplaceable value to
our clients, and in the process, redefine the real estate industry.
Luxury isn’t tangible. It isn’t price tag. Luxury is an experience
and a commitment going beyond the status quo.
INSIGHT Q1 2022: HENDERSON
|
5
LOCAL EXPERTS
globally connected
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 countries all across the world, making Sotheby’s International Realty a truly global real estate brand.
25,000 1,000 79 46M $204B
S A L E S A S S O C I AT E S
OFFICES WORLDWIDE
COUNTRIES & TERRITORIES
V I S I T S T O S O T H E B Y S R E A LT Y C O M
T O TA L W O R L D W I D E S A L E S V O L U M E
Y O U T U B E S I LV E R C R E AT O R A W A R D 350,000+ SUBSCRIBERS
6
| LASVEGASSIR.COM
2021
–
2021
THE DIFFERENCE IS
sotheby's international realty
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 79 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, 79% Increase in Annual Referrals, 46 Million Website Views Annually, 90M+ Property Video Views, 47,600 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 Recognition 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.
INSIGHT Q1 2022: HENDERSON
|
7
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.
16 VIA POTENZA COURT — LISTED BY GENE NORTHUP | S.0037249
total properties sold
average sales price
17% YEAR OVER YEAR
7% YEAR OVER YEAR
49
average days on market
39
40% YEAR OVER YEAR
8
| LASVEGASSIR.COM
$979,014 average price per square foot
$339 14% YEAR OVER YEAR
macdonald highlands MacDonald Highlands blends the organic with the epic. Placed on the southern edge of the Las Vegas valley, MacDonald Highlands is uniquely luxurious and distinctly lavish and home to the DragonRidge Country Club. You can find the very best in modern architecture in this exclusive neighborhood.
total properties sold
average sales price
50% YEAR OVER YEAR
52% YEAR OVER YEAR
14
average days on market
70
58% YEAR OVER YEAR
$4,140,805 average price per square foot
$635 49% YEAR OVER YEAR
INSIGHT Q1 2022: HENDERSON
|
9
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.
total properties sold
2
33% YEAR OVER YEAR
average days on market
49
41% YEAR OVER YEAR
10
| LASVEGASSIR.COM
average sales price
$1,935,000 28% YEAR OVER YEAR
average price per square foot
$337 27% YEAR OVER YEAR
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.
total properties sold
2
NO CHANGE YEAR OVER YEAR
average days on market
287
28600% YEAR OVER YEAR
average sales price
$6,012,500 5% YEAR OVER YEAR
average price per square foot
$954 23% YEAR OVER YEAR
INSIGHT Q1 2022: HENDERSON
|
11
the club at madeira 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.
total properties sold
average sales price
24% YEAR OVER YEAR
24% YEAR OVER YEAR
13
average days on market
21
54% YEAR OVER YEAR
12
| LASVEGASSIR.COM
$972,377 average price per square foot
$314 38% YEAR OVER YEAR
seven hills As the Roman Empire was built upon its famed rolling hills, so too is the masterplanned community Seven Hills. 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.
2596 SAN GIORGIO CIRCLE — LISTED BY MICHELE SULLIVAN | BS.22408
total properties sold
average sales price
29% YEAR OVER YEAR
19% YEAR OVER YEAR
71
average days on market
32
28% YEAR OVER YEAR
$848,953 average price per square foot
$287 26% YEAR OVER YEAR
INSIGHT Q1 2022: HENDERSON
|
13
anthem country club Nestled in the foothills of Black Mountain, Anthem Country Club is the pinnacle of living in the masterplanned 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.
9 SANKATY CIRCLE — LISTED BY KATHRYN WINTERTON | S.0072679.LLC
total properties sold
36
9% YEAR OVER YEAR
average days on market
37
43% YEAR OVER YEAR
14
| LASVEGASSIR.COM
average sales price
$1,586,331 31% YEAR OVER YEAR
average price per square foot
$435 45% YEAR OVER YEAR
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.
total properties sold
6
NO CHANGE YEAR OVER YEAR
average days on market
54
34% YEAR OVER YEAR
average sales price
$1,523,333 31% YEAR OVER YEAR
average price per square foot
$305 41% YEAR OVER YEAR
INSIGHT Q1 2022: HENDERSON
|
15
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.
total properties sold
9
200% YEAR OVER YEAR
average days on market
53
4% YEAR OVER YEAR
16
| LASVEGASSIR.COM
average sales price
$1,060,444 26% YEAR OVER YEAR
average price per square foot
$250 16% YEAR OVER YEAR
quail ridge estates Quail Ridge is one of the first masterplanned communities built in the area of Green Valley, Henderson. This exclusive guard gated custom home community features lots stretching across half an acre, providing you plenty of front yard and backyard space to create barbecue areas or add other amenities.
total properties sold
3
NO CHANGE YEAR OVER YEAR
average days on market
135
764% YEAR OVER YEAR
average sales price
$866,667 43% YEAR OVER YEAR
average price per square foot
$275 43% YEAR OVER YEAR
INSIGHT Q1 2022: HENDERSON
|
17
LUXURY LAKESIDE LIVING REDEFINED AT LAKE LAS VEGAS
This is The Island, the ultimate in lakeside living at Lake Las Vegas. All custom lots feature lakefront access and breathtaking views. Get away from it all and start your life on The Island at Lake Las Vegas. R E S E R VA T I O N S C O M I N G S O O N
TO LEARN MORE, VISIT THE L AKE L AS VEGAS REAL ESTATE INFORMATION OFFICE 2030 Lake Las Vegas Pkwy | Open Daily 10am to 5pm | 702.497.0300 | lasvegassir.com ®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Oppor tunity Company. Equal Housing Oppor tunity. 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 Sotheby’s International Realty® S.0074661
DISCOVER
THE ISLAND
U N PA R A L L E L E D L A K E AC C E S S . U LT R A M O D E R N A R C H I T E C T U R E . L AKE L AS VEGAS LI FEST YLE .
SUMMERLIN 10100 W Charleston Boulevard, 160 Las Vegas, NV 89135
TIVOLI VILLAGE 410 Rampart #170 Las Vegas, NV 89145
lasvegassir.com | 702.360.1414
LAKE LAS VEGAS 2030 Lake Las Vegas Pkwy Henderson, NV 89011