January 2024 Sees Second-Highest Number of Luxury Home Sales in Las Vegas History
LAS VEGAS, NV – January 2024 saw the second-highest number of luxury home sales in Las Vegas ever, proving that high-end residence sales in Southern Nevada are still going strong – and picking up steam – despite whatever challenges are encountered by the national real estate market overall in light of high inflation and mortgage rates.
In all, 102 homes and condominiums priced at $1 million and higher exchange hands last month, an amount eclipsed only by the current record-holding year of January 2022, during which 122 abodes in that price range were sold. The next two highest months in Las Vegas history were January 2021, when 86 luxury sales took place, and January 2023, when 76 were sold.
January’s luxury home sales in Vegas were bolstered by a number of expensive purchases, topped by the sale of an estate in Summerlin’s affluent The Summit Club community for a whopping $19 million. This home, acquired by Insight Tech Holdings NV LLC – a buyer from Asia – from Chambord Revocable Trust with Michael L. and M’Lissa M. Gravelle listed as trustees, was an all-cash deal.
The home, located on Stardust Drive, was originally built in 2020 and subsequently renovated in 2021; it features four bedrooms and 4.5 baths in a residence with an “ultra-modern design” that offers 7,908 square-feet of living space. Situated on a 1.37-acre plot of land, the property also boasts a pool and unobstructed views of the famed Las Vegas Strip.
The second highest-priced home that was sold in Vegas in January was a two-story residence in McDonald Highlands in Henderson for $8.45 million. Built in 2022, renovated in 2023, and located on a 0.3-acre plot of land on Tranquil Rim Court, the 7,373 square-foot home has five bedrooms, five full baths, two partial baths, and a six-car garage. Amenities include a movie theater, bar, game room, wine cellar, and elevator.
The third-highest luxury sale in Las Vegas in January was $7.3 million for a Southern Highlands home, followed by a home in The Ridges in Summerlin for $5.76 million.
Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.