The Las Vegas luxury-home market had a record setting month in March, a number of local industry professionals report.
One local broker reported closing an estimated $10 million worth of real estate across 14 properties. The most expensive of these homes was worth approximately $1.5 million.
"This was our best closing month in two years," said Luxury Homes of Las Vegas owner Kenneth Lowman. "We have been working hard and smart through some very challenging months and it's good to see our efforts paying off for our clients."
Overall, many local industry professionals feel the worst of the housing market collapse is in the past, and that gains in the local job market and affordable interest rates have resulted in the recent surge of activity.
Meanwhile, the future of the Las Vegas housing market looks promising, as a recent report from Clear Capital anticipates local property values to appreciate by as much as 6.6 percent by the end of 2012. Should this occur, investing in a home for sale in Las Vegas could be a very profitable investment.
