Strong Sales in the Las Vegas Luxury Home Market in 2017
This year, 30 Million Dollar + Luxury Homes have sold in Las Vegas. The lowest priced home sold for $1,000,000 and the highest priced one in The Ridges in Summerlin, sold for $3.8 Million.
What is Contributing to the Strong Sales in the Luxury Home Market Sector?
As of this writing, the stock market is up 10% this year - Call it the Trump Bump, market optimism,coupled with a mini exodus from the State of California, we are seeing a flurry of interest in high end Las Vegas and Henderson homes in gated and guard gated communities. NV has no State Income Tax and No Inheritance Tax. With the political divide that we are experiencing in the country, very unfortunately in my opinion, we are hearing from these high end buyers that they disagree with the political climate that Jerry Brown supports. State taxes in California can be as high as 13%.
Compared to California real estate prices, you get much more bang for your buck in Las Vegas real estate. Baby Boomers also find that they enjoy living in the city that never sleeps as there is always the best in word class entertainment and fine dining in Las Vegas.
Have a look at what you can get for your money in Las Vegas Luxury Real Estate priced from $750k to $1 million. See a property of interest? Give me a call at 702 236-8364. Happy Browsing!