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REAL ESTATE BRIEFS: JAN. 15

Sauter Multifamily Group of Avison Young has announced the closing of the $105.9 million sale ($190,126 per unit) of AYA Apartments, a 557-unit property at 3600 University Center Drive.

California transplants favor Henderson or Summerlin

A natural destination for Californians, Las Vegas offers what potential buyers are searching for: lower taxes, luxurious secure high-end communities, breathtaking views and incredible lifestyle amenities.

Vegas high-rise market had record year

The Las Vegas high-rise market broke its all-time record in 2021 by more than doubling sales from 2020 and recording the highest price ever paid at $16.25 million for a unit at The Martin.

Fitness a way of life in Summerlin

Some of Summerlin’s many special events are also geared toward healthy activities, including Tour de Summerlin — an annual cycling event that offers 40-, 60- and 80-mile courses through the scenic community and nearby Conservation Area; and the Summerlin Half Marathon, both scheduled to start and end at Downtown Summerlin this year on April 23. More information about these events is forthcoming.

Most HOAs have community management companies

The role of the community management company is spelled out in its management agreement with the association and the role of its managers spelled out in NRS and Nevada Administrative Code 116 state laws and regulations.

THE LATEST Homes news
Pulte to open Talvona at Skye Hills in northwest

Pulte Homes has announced the grand opening of four, professionally decorated model homes at Talvona at Skye Hills, a walking-friendly, gated community in a northwest Las Vegas location, just an easy drive from great local retail, dining and many of the area’s most popular recreational opportunities.

Homebuilder sales hit highest mark since 2006

Despite rising prices, Las Vegas homebuilders sold their highest number of homes since 2006 but shortages in labor, materials and land will continue to put a cap on growth in 2022 despite strong demand, industry insiders say.

The luxury real estate market will get hotter in 2022

We’ve never lived through a year like 2021. In case you don’t remember, we said that at the end of 2020. I expect the Las Vegas luxury market will get hotter in 2022 and remain hot for at least another several years.

Participation is required for HOA members, boards

What are the roles of the homeowners, management and board of directors in a homeowner association?

Summerlin ranks No. 3 in nation for fourth straight year

Summerlin, a development of The Howard Hughes Corp., has ranked No. 3 for the fourth year in a row on RCLCO’s national report of new home sales in 2021. Summerlin is once again the highest-ranking master-planned community in Nevada on the annual list, showing an increase in yearly home sales of over 13 percent, with 1,619 new homes sold in 2021.

LVR reports rising prices, record year

A report released Thursday by Las Vegas Realtors shows 2021 was a record year for sales of existing homes in Southern Nevada, with more than 50,000 properties changing hands despite rapidly rising prices and a tight housing supply.

REAL ESTATE BRIEFS: JAN. 8

Commercial Real Estate Women (CREW) Las Vegas has announced its new board for the 2022-23 term.

Homeowner says HOA is subsidizing golf country club

You or your association would need an attorney to review the governing documents and any other pertinent information pertaining to the legal relationship between the association and the country club/golf course. This information would provide you with the answer as to the country club/golf course’s financial obligations. If the information shows that country club/golf course should be absorbing more of the operating costs, your association would need to get involved with the assistance of their attorney to make changes with them.

Year ends with five sales in The Ridges over $5M

The Las Vegas luxury housing market showed no sign of slowing down as the year wound down and The Ridges in Summerlin led the way with five sales in excess of $5 million.

$11M mansion features sportsbook theater

Rising above the premiere Southern Highlands Golf Club community, behind the exclusive double gates of Augusta Canyon, 16 Oakmont Hills Lane is listed for $11 million through Ben and Natalia Harris of Las Vegas Sotheby’s International Realty.

OPINIONS