July 2024 has marked an unprecedented milestone for Las Vegas’ luxury real estate market, and at the forefront of this success is Team Queensridge Realty – Carla Redmond and Gisella Carbone. With nearly $50 million in sales this year, they have demonstrated exceptional expertise and dedication, solidifying their reputation as a leading agent team in the high-end property market.
According to The Las Vegas Review Journal’s August 25 article, luxury home sales – defined as transactions of $1 million and above – reached a record 171 closings in July, surpassing the previous high of 167 in July 2021. This impressive figure is further supported by the appreciation in property values, which has elevated the number of homes priced at or above the $1 million mark.
Highlights of the Luxury Market in July 2024
Record-Breaking Sales:
- July saw 171 luxury home closings, the highest ever recorded, surpassing the previous record of 167 in July 2021.
- The market remains strong despite higher interest rates impacting lower-price levels.
Luxury Market Resilience:
- The luxury home market, defined by sales of $1 million and above, shows no signs of slowing down.
In Comparison:
- July 2023 had 133 luxury sales
- July 2022 had 107 luxury sales.
High Demand and Inventory:
- As of August 1, there were 172 luxury sales pending.
- 342 new luxury listings entered the market in July.
- There are currently 941 luxury homes available, with an average listing price of $2.97 million.
Key Statistics
- Average Sales Price: $2.12 million
- Median Sales Price: $1.47 million
Spotlight on a Landmark Sale
A standout transaction this month was the sale of a stunning $7.85 million property on Wildwing Court in The Ridges in Summerlin. This exquisite one-story home boasts a basement, sits on 0.41 acres, and spans 8,922 square feet. It features five bedrooms, seven bathrooms, and an impressive eight-car garage. Carla Redmond and her partner, Gisella Carbone, expertly managed this listing, showcasing their ability to handle some of the most exclusive and demanding properties in the market.
This achievement on Wildwing Court is a testament to their strategic approach and unwavering commitment to their clients. Carla and Gisella’s ability to navigate the complexities of the luxury market has not only resulted in record sales but has also provided unparalleled service to buyers and sellers alike.
Trusted Leaders in Luxury Real Estate
With nearly $50 million in sales so far in 2024, Carla Redmond and Gisella Carbone continue to be a driving force in the Las Vegas luxury real estate market. Their success is a testament to their expertise, strategic approach, and dedication to providing exceptional service to their clients.
What This Means for You
Whether you are looking to buy or sell a luxury home, Carla and Gisella’s unparalleled knowledge and dedication make them the ideal partners to help you achieve your real estate goals.
