RECENTLY SOLD
- 1/36 36
closed
$599,995
2.5%$585,000
3 Beds3 Baths2,016 SqFt9740 Derbyhill Circle, Las Vegas, NV 89117
Single Family Home
Listed by Phillip Scheinman of Urban Nest Realty
- 1/98 98
closed
$4,495,000
19.9%$3,600,000
3 Beds4 Baths4,820 SqFt4575 Dean Martin Drive #3300, Las Vegas, NV 89103
Other Types
Listed by Lauren Stark of Simply Vegas
- 1/40 40
closed
$607,500
1.2%$615,000
4 Beds3 Baths2,467 SqFt3175 Pergusa Drive, Henderson, NV 89044
Single Family Home
Listed by Anthony J. Romeo of Simply Vegas
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Luxury Living at Its Finest: A Look at 55 Luce del Sol #3
Luxury Living at Its Finest: A Look at 55 Luce del Sol #3
Located in the beautiful city of Henderson, Nevada, 55 Luce del Sol #3 is a stunning penthouse that boasts luxurious living at its finest. With a listing price of $895,000, this condo community offers a unique blend of privacy, serenity, and breathtaking views of the Reflection Bay Golf Course.The first thing you'll notice when you enter this penthouse is the extended driveway and personal 2-car garage, which provide ample parking space for you and your guests. Take the private elevator and step into your personal refuge, where a wall of windows ahead will greet you, offering beautiful mountain views. The property is meticulously maintained, and it shows true pride of ownership.Recently, new wood flooring has been added to the family and game room, providing a warm and cozy atmosphere. The condo also boasts custom-built entertainment centers in the living and family rooms, along with a TV and surround sound included. Pendant lights have been added, along with electronic solar shades and blackout curtains in the primary bedroom.One of the most impressive features of this luxurious penthouse is the outdoor living space. The custom outdoor kitchen is perfect for hosting barbecues and entertaining guests, while the retractable Sunbrella awning and mister systems on all three balconies provide a comfortable outdoor environment year-round.The kitchen has been updated with KitchenAid appliances, and the recently added energy-efficient slider doors help bring in natural light and provide a seamless transition between indoor and outdoor living spaces. The condo is equipped with almost 3,000 square feet of single-story living, and each room has its own bath and walk-in closet. The primary bedroom boasts two custom walk-in closets, providing ample storage space.In conclusion, 55 Luce del Sol #3 is a beautiful penthouse that offers luxury living at its finest. This private and serene community is ideal for individuals looking for a peaceful retreat from the hustle and bustle of city life. The breathtaking views, outdoor living space, and updated features make this penthouse a must-see for anyone in the real estate market.
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Housing Stats Feb/2023
Housing Stats Feb/2023
LVR Article: Housing statistics for February 2023 LAS VEGAS – Local home prices leveled off last month, with more homes available forsale and fewer changing hands than one year ago. So says a report released Tuesday by LasVegas REALTORS® (LVR). LVR reported that the median price of existing single-family homes sold in SouthernNevada through its Multiple Listing Service (MLS) during February was $424,995. That’s nearlyidentical to the previous month, but down 5.6% from $450,000 in February of 2022. It’s alsodown from the all-time record price of $482,000 in May of 2022. The median price of local condos and townhomes sold in February was $255,000, thesame as it was in January. That’s down 1.9% from $260,000 in February of 2022, and downfrom the all-time record price of $285,000 in May. “The local housing market is much more balanced now than it has been in recent years,”said 2023 LVR President Lee Barrett, a longtime local REALTOR®. “Instead of sellers havingthe advantage, buyers are now in a better position, since prices have stabilized and we have morehomes on the market. We’ve now seen two straight months of stable home prices. It was alsoencouraging to see sales increase from January to February, while new listings continue todecline. Even with mortgage interest rates reaching 7% recently, this shows a strong underlyinginterest in owning a home here in Southern Nevada.” By the end of February, LVR reported 4,665 single-family homes listed for sale withoutany sort of offer. That’s up 167.9% from the same time last year. Likewise, the 1,155 condos andtownhomes listed without offers in February represent a 265.5% jump from one year earlier. As for sales, LVR reported a total of 2,172 existing local homes, condos and townhomessold in February. Compared to February 2022, sales were down 31.5% for homes and down32.7% for condos and townhomes. The sales pace in February equates to nearly a three-month supply of properties availablefor sale. Last year at this time, Southern Nevada was facing a housing shortage and had less thana one-month supply.A year ago, Southern Nevada was coming off a record year for existing home sales, with50,010 homes, condos, townhomes and other residential properties selling during 2021. That wasthe first time LVR reported more than 50,000 local properties selling in a year. It topped theprevious record set in 2011 by nearly 2,000 sales. By comparison, LVR reported 35,584 totalsales during 2022. During February, LVR found that 27.1% of all local property sales were purchased withcash. That’s nearly identical to the previous month and down from 30% one year ago. It’s alsowell below the March 2013 cash buyer peak of 59.5%. The number of so-called distressed sales remains near historically low levels. LVRreported that short sales and foreclosures combined accounted for 1.2% of all existing localproperty sales in February. That compares to 0.4% of all sales one year ago, 0.6% two years ago,2.5% three years ago, 2.6% four years ago and 3.8% five years ago. These LVR statistics include activity through the end of February 2023. LVR distributesstatistics each month based on data collected through its MLS, which does not account for allnewly constructed homes sold by local builders or homes for sale by owners. Other highlightsinclude: • The total value of local real estate transactions tracked through the MLS duringFebruary was more than $852 million for homes and more than $121 million forcondos, high-rise condos and townhomes. Compared to one year ago, total salesvalues in February were down 36.5% for homes and down 36.2% for condos andtownhomes. • In February, 61.0% of all existing local homes and 68.9% of all existing localcondos and townhomes sold within 60 days. That’s down from one year earlier,when 88.6% of all existing local homes and 93.3% of all existing local condosand townhomes sold within 60 days
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Rates Hit 7%
Rates Hit 7%
Mortgage rates continue to climb hitting 7% as reported by Mortgage News Daily. The last couple weeks had seen it’s highest levels in months culminating in a 7% rate for conventional loans. We hit 7% last October which was then, the highest rate we have seen in the last 20 years. 20! What does this mean to a prospective purchaser? Assuming a $400k purchase price, 20% down on a fixed 30 year loan, the borrower will be experiencing an increase of approximately $225 more monthly than they would have in the previous month. Since 2002, Las Vegas/Henderson has experienced a 184.7% total increase as reported by FHFA.Gov. From 2002 – 2006 prices up every year. From 2007 – 2011, prices went downk, particularly in 2008 – 2009 dropping at 36.9% and 19.9% respectfully. From 2012 – 2022 we saw 11 straight years of price increases with the largest being 2013 @ 24.8% and 2021 @ 25.44%. What does this mean to you? Longevity and affordability. If you can afford the additional payment, you should be thinking of a minimum of 5 years, 8 most likely. This means you might have to lower the purchase price of the home or plan other monthly cost cutting measures until rates change for the better. Either way remember, in the last 20 years, the average annual appreciation as been 5.4%. That’s up, down, but overall in the plus column. Think long term. Make the right move: https://twitter.com/DavidZolowicz/status/1363982902623567874?s=20
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