There has been an incredible amount of sales activity in the luxury market in Vegas and there doesn’t seem to be any sign of it weakening. The activity has been across the board as far as location, price range and product are concerned. The first of the Jewel Homes took only a couple of weeks to sell, at a price of $2.9 mil. A few weeks later, the second home went under contract at just over $3.3 mil. From a sales perspective I can say that I am just as passionate as Pete is about the project - the homes are stunning and exactly the type of homes that the up-and-coming Vegas-ites want and need. The location is fabulous, and Jewel Homes is just about to break ground on the next phase. We are also introducing to the market the extraordinary home at 5 Promontory Pointe in The Ridges. It sits at the top of The Ridges with 360-degree views of the entire Vegas Valley and Spring Mountains. The home has just undergone a 4-year multi-million dollar rebuild, and the results are breathtaking.
