We’ve never lived through a year like 2021. In case you don’t remember, we said that at the end of 2020. I expect the Las Vegas luxury market will get hotter in 2022 and remain hot for at least another several years.
mc-homes
What are the roles of the homeowners, management and board of directors in a homeowner association?
Summerlin, a development of The Howard Hughes Corp., has ranked No. 3 for the fourth year in a row on RCLCO’s national report of new home sales in 2021. Summerlin is once again the highest-ranking master-planned community in Nevada on the annual list, showing an increase in yearly home sales of over 13 percent, with 1,619 new homes sold in 2021.
A report released Thursday by Las Vegas Realtors shows 2021 was a record year for sales of existing homes in Southern Nevada, with more than 50,000 properties changing hands despite rapidly rising prices and a tight housing supply.
Commercial Real Estate Women (CREW) Las Vegas has announced its new board for the 2022-23 term.
You or your association would need an attorney to review the governing documents and any other pertinent information pertaining to the legal relationship between the association and the country club/golf course. This information would provide you with the answer as to the country club/golf course’s financial obligations. If the information shows that country club/golf course should be absorbing more of the operating costs, your association would need to get involved with the assistance of their attorney to make changes with them.
The Las Vegas luxury housing market showed no sign of slowing down as the year wound down and The Ridges in Summerlin led the way with five sales in excess of $5 million.
PGA golfer Rickie Fowler sold his luxury condo at The Summit Club in Summerlin for $6 million, more than six months after he closed on the unit for $2.1 million.
The year 2021 was another one for the record books for The Howard Hughes Corp. and its Summerlin master-planned community with a number of milestone developments that include continuing evolution and growth of Downtown Summerlin as the community’s urban core and one of the valleys most popular dining/retail/entertainment/sports destinations, record home sales via the nation’s top homebuilders, expansion into Summerlin West — the newest area under active development, and the addition of new major amenities throughout the community.
Cadence, a 2,200-acre master-planned community in Henderson, continues its growth, adding a new neighborhood by Richmond American Homes.
Minutes away from the Lee Canyon Ski Resort, 2470 Avalanche Trail is nestled among the forested pine backdrop of Toiyabe National Forest. It’s soaring 8,245-foot elevation showcases breathtaking 360-degree views of the surrounding forest and mountains.
NRS 116.31036 addresses the removal process. The law has two requirements. The first is that at least 35 percent of the total number of voting members submit their ballots. Second, assuming that the association met the first requirement of the 35 percent, at least a majority of all the votes cast voted to remove the directors. Both requirements must be met in order to remove directors.
While dramatically low mortgage rates made it possible for many first-time homebuyers to purchase a home this year, rates have started to rise and experts expect they’ll increase further in 2022. Higher rates will increase monthly mortgage payments, tightening budgets for the 48 percent of Las Vegas homebuyers who have been saving for a new home for one to three years.
As is tradition, residents of the master-planned community of Summerlin are encouraged to recycle their real Christmas trees once the holidays are over. In partnership with Springs Preserve, the UNLV Rebel Recycling Program and dozens of other local conservation organizations, the annual Christmas Tree Recycling Program returns Dec. 26 through Jan. 15.
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