The Las Vegas market, one of the epicenters of the housing crash, is heading in a different direction this time around, led by the uppermost demographic. Here's the latest from the Las Vegas Review-Journal, which foresees significant growth in high-end lots for custom homes.
Wealthy Las Vegas residents interested in better views are purchasing pricey hillside lots in greater numbers in the latest trend in custom homes.
Brokers and sales agents of luxury developments said lot sales and interest in their properties are up, a trend that is showing no signs of slowing down. ...
Luxury home builder Blue Heron said it’s building 12 custom homes and has seven more in design, including four in The Summit Club, where the developer said home construction will begin by the end of the year. Blue Heron Principal Tyler Jones said 2016 has been better than 2015 and expects 2017 to be even bigger for the company, which builds homes ranging from $1.5 million to more than $15 million.
“Three to four years back, when there was a big downturn in the housing market, people were defensive, but that’s all behind us now,” Jones said.