First Quarter 2013 Million Dollar Home Sales Hot for Luxury Homes of Las Vegas

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Kenneth Lowman Broker/Owner of Luxury Homes of Las Vegas reported strong luxury home sales in the first quarter of 2013 for Las Vegas and Henderson, Nevada. There were a total of 54 luxury homes sold at or over $1 million in the first quarter of this year; this compares to just 33 luxury homes sold in the first quarter of 2012.

Las Vegas Luxury Home

Kenneth Lowman, Broker/Owner of Luxury Homes of Las Vegas

Sales have steadily improved throughout 2012 and 2013 as luxury home buyers have recognized that the market bottom is behind us. Our available luxury home inventory has declined. Interest rates are at all time lows. Buyer psychology has improved.

Kenneth Lowman Broker/Owner of Luxury Homes of Las Vegas reported strong luxury home sales in the first quarter of 2013 for Las Vegas and Henderson, Nevada. There were a total of 54 luxury homes sold at or over $1 million in the first quarter of this year. This compares to just 33 luxury homes sold in the first quarter of 2012. Just five of the fifty-four sales were distressed or bank owned sales, just under 10% of the total. Lowman commented, “Sales have steadily improved throughout 2012 and 2013 as luxury home buyers have recognized that the market bottom is behind us. Our available luxury home inventory has declined. Interest rates are at all time lows. Buyer psychology has improved. The market is finally bouncing back nicely.” Below are highlights of the communities containing the majority of the luxury home sales in Las Vegas and Henderson, Nevada:

Summerlin, Las Vegas - 11 sales (5 in The Ridges)
MacDonald Highlands, Henderson - 8 sales
Southern Highlands, Las Vegas - 7 sales
Anthem Country Club, Henderson - 5 sales
Seven Hills, Henderson - 5 sales
Red Rock Country Club, Las Vegas - 4 sales
Spanish Trail, Las Vegas - 3 sales
Queensridge, Las Vegas - 2 sales

Kenneth Lowman sells one out of every ten luxury homes in the Las Vegas and Henderson marketplace at or above one million dollars. His efforts have led to notable accomplishments that include selling a luxury estate home for over $1,047 per square foot, a record in the Las Vegas valley, selling a $7,000,000 luxury property, one of the highest sales in the marketplace in the past three years, selling a $4,200,000 luxury home in just 1 day, and leading the sales of luxury homes over $1 million in the luxury Las Vegas area. Ken Lowman, Broker and Owner of Luxury Homes of Las Vegas, has over 24 years of experience in a star studded career specializing in higher-priced, luxury homes. Lowman was recently selected as “One of the Most Dependable Luxury Real Estate Professionals of The West” by Goldline Research, an independent research firm specializing in evaluating professional service firms. This recognition was published in Forbes Magazine. Because the Southern Nevada luxury real estate market pivots on Ken's home sales, he's perceived as a barometer for the national media and has been featured on "The Today Show," "Fox Business," "Nightline," "EXTRA" and "Inside Edition." Luxury Homes of Las Vegas is located at 7854 W. Sahara Ave., Ste. 100, Las Vegas, NV 89117. For more information, call 702-216-HOME (4663) or 866-210-7620 or visit http://www.luxuryhomesoflasvegas.com.

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