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Luxury Real Estate Boom

February 17, 2014 10:49 AM

Filed Under: Las Vegas, Luxury Real Estate, One Queensridge Place, summerlin

LAS VEGAS - FEBRUARY 24: Hotel-casinos on the Las Vegas Strip are seen behind homes February 24, 2009 in Las Vegas, Nevada. Home prices in Las Vegas fell by 33 percent compared to the same period last year according to the Standard & Poors/Case-Shiller index for the fourth quarter of 2008. Las Vegas' slide was the second worst of the 20 cities tracked by the index, which also shows that national home prices dropped 18.2 percent in the fourth quarter, the largest slide in the index's 21-year history. In addition, the Federal Housing Finance Agency on Tuesday reported an 8.2 percent drop in home prices from a year earlier, its largest annual decline recorded since 1991. (Photo by Ethan Miller/Getty Images)

Photo: Getty Images/Ethan Miller/Staff

(Las Vegas, NV) — Luxury real estate in Las Vegas is experiencing a major boom! In 2013, One Queensridge Place in Summerlin saw a total of 100 million dollars in sales. That’s up 70 million from the year before.

Not only did high end condos sell exteremly well last year at One Queensridge in Summerlin – they are selling well this year too. Senior Vice President, Randy Char says it’s a sign that the economy is taking a turn.

One Queensridge condos start in the million dollar range for a two bedroom, and go up to 12.9 million right now for the Crown Penthouse.

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