It’s been a record-breaking year for the Las Vegas luxury home market, and the city’s Realtors are confident that trend will continue in 2025 based on the optimism they’re hearing from prospective buyers.
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Cormont at Deer Valley East Village, a luxury mountainside condominium community developed by REEF, has launched the sale of Tower One, offering 48 exclusive residences.
A Summit Club home sale in May set the all-time Las Vegas record when it closed for $35 million topping the 2023 sale of its neighbor Celine Dion’s home for $30 million.
Las Vegas new-home prices softened a bit in November with net sales dipping to their lowest level since January 2023, but there were enough to pass the 2023 yearly total by more than 500 and make it the second best sales year since the pandemic — leading to the percentage of new-home sales of the overall marketplace approaching a record year, according to Las Vegas-based Home Builders Research.
Ultimately, the board of directors are responsible for the operation of their association. Boards can delegate some of their responsibilities to a community manager or association management company, but the bottom line requires the board to be diligent, as they are the responsible party.
Cadence is ranked one of the Top 5 best-selling master-planned communities nationwide by RCLCO.
Summerlin residents are once again encouraged to recycle their real Christmas trees once the holidays are over. In partnership with Springs Preserve, the UNLV Rebel Recycling Program and dozens of other local conservation organizations, the annual Christmas Tree Recycling Program returns Dec. 26 through Jan. 15.
It’s been two years since Bryan Watkins and his creative team won ABC’s “Great Christmas Light Fight” championship. The immersive, over-the-top Vegas-styled display gained national attention, significantly impacting Watkins’ life.
Until he has a hearing and a decision is made by the board, this homeowner would be in good standing. Remember, he is being called to a hearing for an alleged violation.
The Commercial Alliance Las Vegas (CALV) announced its newly elected officers and directors for 2025, with industry leader Jennifer Weinberg becoming president of the commercial real estate organization starting Jan. 1.
Located off Warm Springs Road and Taylor Street, Aria Crossing will hold its grand opening event Dec. 21, from 11 a.m. to 2 p.m. The event will feature model tours of the new homes, food trucks and music.
The parade’s final night is tonight — Dec. 21 at 6 p.m. Sponsored this year by InTouch Credit Union, the parade is free and open to the public.
“From the second you walk through the door, we wanted to capture the view,” homeowner Dominick Morea said. “That was the main thing. I wanted to see the view from every room.”
The Las Vegas new-home market got off to a good start during the fourth quarter with a 41 percent year-over-year increase despite elevated interest rates putting a cap on sales. The valley is on pace to close with its highest share of new-home closings since 1992 as prices continue to hit record levels.
Community Associations Institute applauds the Dec. 3 decision by the U.S. District Court for the Eastern District of Texas in Texas Top Cop Shop, Inc., et al. v. Garland, et al. to issue a preliminary nationwide injunction against the Corporate Transparency Act.