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Las Vegas Guard Gated Residential Real Estate Report 2015, 2014 v. 2013 Highlights include MacDonald Highlands Country Club The Ridges Red Rock Country Club Anthem Country Club
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INFORMATIVE
TIMELY
ACCURATE
CURRENTsynergy Sotheby’s international realty
Southern Nevada Market Update Las Vegas 2015
Number of Single Family Homes Sold in 2014
Single Family Home Historical Data
Henderson
SEVEN HILLS • ROMA HILLS • MACDONALD HIGHLANDSFOUNTAINS • ANTHEM COUNTRY CLUB • LAKE LAS VEGAS
Seven HillS
Seven HillS HaS Seen itS SHare of troubleS tHeSe laSt 12 montHS. WitH a large drop in number of tranSactionS tHe average Sale price and median Sale price
botH roSe. it may be time to look at Seven HillS again.
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
38 $868,934 $675,000 $2,380,000 $379,000 $175.913 $971,681 $870,400 $900,000 $165,000 $140.8
(25) $102,747 $195,400 ($1,480,000) ($214,000) (35.1)
MarketUpdate
roma HillS
tHiS enclave of cuStom eStateS located in tHe footHillS above green valley rancH SaW a SHarp decreaSe in number of tranSactionS, avergae & median Sale price and average price per foot. if you are looking for a value roma HillS
may be tHe place to begin your SearcH.
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
10 $1,020,162 $933,500 $1,600,000 $616,000 $2085 $759,064 $995,000 $995,000 $490,320 $143
(5) ($261,098) ($61,500) ($605,000) $125,680 ($65)
macdonald HigHlandS
tHiS diStinctive cuStom Home community neStled in tHe black mountainS overlooking tHe entire laS vegaS valley iS Home to Some of tHe moSt notable cuStom HomeS bordering tHe dragonridge golf courSe. WHile tHe number of
tranSactionS dropped tHe average Sale price and price per foot botH roSe.
fountainS
WitH tree lined StreetS, tHiS cuStom Home development iS unique WitH a feel mucH different from tHat of tHe traditional laS vegaS Style HomeS. WHile
tHere WaS SligHtly leSS activity in tHiS development, pricing WaS affected.
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
47 $1,332,118 $1,089,000 $3,300,000 $500,000 $10828 $1,379,689 $902,500 $4,339,570 $540,500 $244
(19) $47,571 ($186,500) $1,039,570 $125,680 $136
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
17 $762,489 $750,000 $1,375,000 $464,000 $14015 $862,053 $815,000 $1,400,000 $510,000 $165(2) ($99,564) ($65,000) ($25,000) ($46,000) ($25)
antHem country club
tHiS excluSive guard gated private golf neigHborHood of upper end production HomeS, cuStom HomeS and cuStom Home lotS antHem featureS
a cHampionSHip golf courSe, Stadium quality tenniS courtS, clubHouSe, luSH reSort Style poolS and State of tHe art fitneSS center, aS Well aS gourmet
dining.
lake laS vegaS
lake laS vegaS HaS experienced an impreSSive bounce back from itS diSaSterS in tHe laSt feW yearS. WHile tHe number of tranSactionS dropped in 2014 tHe
average SaleS price roSe and tHe HigHeSt Sale nearly doubled.
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
120 $754,345 $627,500 $3,500,000 $220,000 $19786 $783,586 $661,000 $3,910,000 $260,000 $218
(34) $29,241 $33,500 $410,000 $40,000 $21
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
136 $385,423 $270,000 $1,285,000 $60,800 $150102 $500,916 $366,500 $2,500,000 $70,000 $174(34) $115,493 $96,500 $1,215,000 $9,200 $24
A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.- Barbara Corcoran
11%
89135
57
August had the highest number of sales in 2014 over $500,000. February has the least amount of sales with only 6%.
SothebysRealty.com had over 6.8 million unique visitors in 2014 38% of which were from outside the United States.
There were 57 homes over $2,000,000 sold in Southen Nevada in 2014. 20 of which were over $3,000,000.
89135 was the zip code with the most activity. Over 12% of all sales over $500,000 were within 89135. 89031 had the least amount of sales with .08%
In addition to our market knowledge Synergy Sotheby’s International Realty has the worldwide reach of the brands network of over 720 offices across 52 countries and territories.
99 Hawk Ridge in the Ridges sold for $8,000,000 which was the highest sale in Southern Nevada in 2014.
LikeNo
Other
With nine out of ten buyers beginning their real estate search online* the plan to sell your home must utilize proper
Internet exposure. Our approach includes websites far beyond sothebysrealty.com in an effort to target buyers on the web. Specifically, we employ ListHub to power the distribution of listings our network represents to all of the leading websites where consumers search for real estate. ListHub also
provides comprehensive marketing reports that detail the traffic generated for your home on each of these
websites, including sothebysrealty.com.
Las Vegas
THE RIDGES • TOURNAMENT HILLS • MOUNTAIN TRAILS CANYON FAIRWAYSEAGLE HILLS • BELLACERE • WILLOW CREEK • THE PALISADES • THE VINEYARDS
RED ROCK COUNTRY CLUB • COUNTRY CLUB HILLS • QUEENSRIDGE SOUTHERN HIGHLANDS
tournament HillS
tHiS luxury cuStom Home development borderS tHe tpc Summerlin golf courSe Home to tHe annual pga tour event and iS one of tHe moSt
preStigiouS neigHborHoodS in laS vegaS. WHile tHe number of tranSactionS Stayed conSiStent, tHe average Sale price dropped.
tHe ridgeS
located at tHe footHillS of tHe Spring mountainS tHiS HigHly SougHt-after guard gated community Had tHe HigHeSt Sale in all of SoutHern nevada. WHile tHe number of SaleS dropped SligHtly tHe average Sale price roSe.
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
40 $2,227,272 $2,065,000 $6,500,000 $292,000 $33330 $2,352,358 $2,284,445 $8,000,000 $515,000 $372
(10) $125,086 $ 219,445 $1,500,000 $223,000 $39
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
7 $2,512,857 $1,900,000 $6,850,000 $875,000 $2887 $1,975,714 $1,500,000 $3,800,000 $1,250,000 $3060 ($537,143) ($400,000) ($-3,050,000) $375,000 $18
canyon fairWayS
tHe cuStom HomeS of tHiS community Serve aS a boundary for tHe tpc laS vegaS golf courSe and are knoWn to Have expanSive vieWS of tHe laS vegaS
valley. WHile tHe number of tranSactionS dropped, ecHoing WHat moSt of tHe valley HaS Seen, tHe average Sale price roSe.
mountain trailS
neStled in tHe Summerlin maSter plan, mountain trailS HaS Seen more tranSactionS tHiS year even WHile tHe average Sale price roSe.
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
4 $1,298,750 $1,272,500 $1,550,000 $1,100,000 $2026 $1,636,084 $1,507,500 $2,000,000 $1,340,000 $2512 $337,334 ($235,000) $450,000 $240,000 $49
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
24 $867,988 $672,500 $1,770,000 $445,000 $19713 $1,074,538 $775,000 $2,700,000 $545,000 $233
(11) $206,550 $102,500 $930,000 $100,000 $36
eagle HillS
tHiS guard gated community neStled in tHe Heart of Summerlin SHoWed a conSiderable drop in tranSactionS, WHile tHe average Sale price roSe. SHoWing a reduction in tHe number of “diStreSSed” SaleS and more full time reSidentS.
Filler
bellacere
in tHiS guard-gated community of luxury HomeS, tHere are Some extraordinary vieWS of tHe laS vegaS Strip. tHiS intimate community iS neStled
WitHin tHe Summerlin maSter plan and iS located juSt outSide of tHe public pga tour courSe. tHe number of tranSactionS Stayed nearly conSiStent
WHile tHe average price roSe.
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
20 $980,475 $957,250 $1,700,000 $600,000 $19316 $1,084,931 $1,070,000 $1,695,000 $709,000 $224
(11) $206,550 $102,500 $930,000 $100,000 $36
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
5 $1,393,400 $1,480,000 $2,000,000 $787,000 $2374 $1,629,250 $1,483,500 $2,400,000 $1,150,000 $248
(1) $206,550 $102,500 $930,000 $100,000 $36
WilloW creek
tHiS enclave of luxury HomeS actually experienced a SligHt increaSe in average SaleS price reSulting from tWo key SaleS earlier in tHe year and
exceeded tHeir year on year median Sale price.
tHe paliSadeS
tHe guard gated development WitHin tHe Summerlin maSter planned community SaW a Significant decreaSe in number of tranSactionS WHile tHe average SaleS price roSe. WHile tHe HigHeSt Sale in 2014 WaS SligHtly reduced from 2013 tHe minimum
price roSe.
Filler
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
9 $1,120,000 $1,075,000 $1,600,000 $875,000 $2285 $1,197,160 $1,200,000 $1,600,000 $875,000 $176
(4) $77,160 $125,000 - - ($52)
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
17 $888,735 $790,000 $1,325,000 $502,500 $1888 $948,813 $850,000 $1,285,000 $638,000 $207
(9) $60,078 $60,000 (-$40,000) $135,500 $19
tHe vineyardS
tHiS private guard gated community WitHin Summerlin remained relatively Stable in termS of SaleS activity deSpite Having an overall pricing increaSe.
Filler
red rock country club
Set againSt tHe beautiful backdrop of red rock canyon, tHiS premier country club reSidential development iS Home to tWo golf courSeS
and continueS to be in demand WitH luxury buyerS. tHiS year SHoWed a Significant decreaSe in number of tranSactionS WHile tHe median and
average Sale price roSe.
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
9 $639,667 $653,000 $780,000 $475,000 $1658 $845,375 $792,500 $1,100,000 $684,000 $216
(1) $205,708 $139,500 $320,000 $209,000 $51
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
107 $924,018 $820,000 $3,150,000 $159,000 $22359 $989,561 $900,000 $2,845,125 $148,000 $247
(48) $65,543 $80,000 ($304,875) ($11,000) $24
queenSridge
tHiS maSter planned community iS Home to tHe cHallenging badlandS golf courSe and provideS a variety of landScapeS tHrougHout. tHe
luxury Segment of tHiS community SaW a decreaSe in SaleS activity aS Well aS tHe average and average Home SaleS pricing.
country club HillS
bordering tHe private tournament playerS club (tpc) Summerlin golf courSe, tHiS private community alSo SHoWed a SligHt decreaSe in number of tranSactionS WHile
average and median price roSe.
Filler
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
48 $828,356 $760,000 $1,700,000 $460,000 $18144 $885,527 $802,500 $1,695,000 $395,000 $200(4) $57,171 $42,500 ($5,000) ($65,000) $19
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
67 $776,834 $459,000 $6,400,000 $145,000 $17763 $756,159 $541,000 $3,119,000 $205,000 $191(4) ($20,675) $82,000 ($3,281,000) $60,000 $14
SoutHern HigHlandS
tHiS maSter planned community ancHoring tHe SoutHern portion of tHe valley and itS World-claSS golf courSe Serve aS one of tHe moSt
diStinctive developmentS in tHe valley. tHe luxury SegmentS WitHin tHe community SaW a decreaSe in activity over tHe year but actually SaW an
overall improvement in average and median SaleS pricing.
“It took me seventeen years to
get three thousand hits in base-
ball. I did it in one afternoon on
the golf course.”- Hank Aaron
MarketUpdate
2013
# of Transactions Average Sales Price Median Sales Price Max Price Min Price Avg $/SF
2014�
67 $776,834 $459,000 $6,400,000 $145,000 $17763 $756,159 $541,000 $3,119,000 $205,000 $191(4) ($20,675) $82,000 ($3,281,000) $60,000 $14
Gene Northup
c 702.497.0300Gene@CallGene.comwww.CallGene.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. This report is intended to provide insight into the Las
Vegas Residential resale market based on historical data. The data used in this report was obtained from multiple sources
including the Greater Las Vegas Association of Realtors® (GLVAR) proprietary Multiple Listing Service database. All
information contained herein is deemed to be accurate, but not guaranteed. This report focuses solely on Single Family Residential (SFR) properties, not including Condominiums, Condominium-Conversions, Townhomes or Manufactured
Housing unless otherwise noted. The information contained in this report is based on the MLS areas of 101-606
representing the greater Las Vegas, Nevada metropolitan area which includes Henderson, Nevada. Boulder City, Lee Canyon and Mt. Charleston are not included in the figures.
Gene Northup
c 702.497.0300Gene@CallGene.comwww.CallGene.com
Kristen Routh Silberman
c 702.467.7100kristen@synergysir.com
www.VegasLuxuryRealEstate.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. This report is intended to provide insight into the Las Vegas Residential resale market based on historical data. The data used in this report was obtained from multiple sources including the Greater Las Vegas Association of Realtors® (GLVAR) proprietary Multiple Listing Service database. All information contained herein is deemed to be accurate, but not guaranteed. This report focuses solely on Single Family Residential (SFR) properties, not including Condominiums, Condominium-Conversions, Townhomes or Manufactured Housing unless otherwise noted. The information contained in this report is based on the MLS areas of 101-606 representing the greater Las Vegas, Nevada metropolitan area which includes Henderson, Nevada.
Boulder City, Lee Canyon and Mt. Charleston are not included in the figures.
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