New luxury home sales are up an incredible 84% from last year. Here are a few reasons why this area of our market has been so successful.
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I’ve got a quick update for you today on the luxury home market in Southern Nevada. Unlike many other luxury markets across the country, our luxury home market remains very strong. In fact, we’ve seen an 84% increase in new luxury home sales in the last 12 months, as well as a 12% increase in resale luxury homes. Luxury homes are considered any homes priced over $750,000.
Why is our luxury market doing so well? For starters, we have affordability. We are…