Las Vegas

NEWSLETTER: FEBRUARY 2025

February 10, 2025

A Fresh Start in Downtown Las Vegas & Real Estate Insights for 2025

As I sit at Esther’s Kitchen during First Friday, enjoying their incredible handmade pasta and soaking in the vibrant energy of Downtown Las Vegas, I can’t help but reflect on how much this city has evolved. From the ever-expanding Arts District to the latest dining hotspots and revitalized spaces, Downtown is experiencing a renaissance—one that mirrors the exciting shifts happening in our real estate market.

A Snapshot of January 2025
The new year has already made its mark on our housing market. In January 2025, we saw record-breaking home prices and major sales:

Record-Breaking Home Prices

• The new year has already made its mark on our housing market. In January 2025, we saw record-breaking home prices and major sales:
• The median price of a single-family home in Southern Nevada hit $485,000—a 9% increase from January 2024.
• Condos and townhomes also surged, with the median price reaching $293,000, a 6.5% increase year-over-year.
• Homes with more bedrooms saw the biggest price jumps, with five-bedroom homes increasing by 8.9%.

Notable Market Movements

• A $13.5 million home sale set a new benchmark in the luxury market.
• The number of homes sold rose 6.7% for single-family homes but declined 13.2% for condos and townhomes.
• More homes hit the market without offers, potentially giving buyers more choices.
• Realtors remain optimistic, with many expecting explosive growth over the next 5 to 10 years.

What This Means for Buyers & Sellers

With continued demand and rising home values, Las Vegas real estate remains a strong investment. Whether you’re looking to buy, sell, or simply stay informed, I’m here to help navigate the market with confidence.

RIDGELINE BY TOLL BROTHERS

Ascension’s Premier Single-story Homes

Welcome to Ridgeline by Toll Brothers, an exclusive collection of single-story luxury homes in Peaks Village, part of the new guard-gated Ascension community in Summerlin!

With three stunning floor plans priced between $1,750,000 – $1,950,000, these homes offer exceptional design, modern features, and the quality craftsmanship Toll Brothers is known for. Demand has been incredibly high—when I visited in January, only 14 lots remained!

 

Why is Ascension selling so well?
Premier Summerlin location
Guard-gated exclusivity
Strong demand for luxury single-story homes
Top-tier design & finishes by Toll Brothers

Have you been wondering whether you should keep renting or finally make the leap into homeownership? It’s a big decision, and let’s be real — renting can feel like the easier option, especially if buying a home feels out of reach

MORE DETAILS HERE