T
he Las Vegas luxury resale market continued its record pace through July, driven by a $25.25 million sale in MacDonald Highlands. The Blue Heron-designed home, owned by Anthony Hsieh, founder and chairman of LoanDepot, was one of 171 sales above $1 million in July, matching the number from July 2024.

    The average price paid for a luxury home in July was $1.96 million, according to Berkshire Hathaway Home Service's Forrest Barbee. There were 195 pending sales above $1 million, indicating that the luxury market remains strong despite overall sales declines.

    Sales in the $1-2 million range picked up in July, while transactions over $2 million decreased. Realtor Rob Jensen reported 40 sales above $2 million in July, down from 49 a year ago.

    The No. 2 sale was a $10.75 million home in The Ridges, Summerlin, with five bedrooms, five and a half baths, and a five-car garage. Ivan Sher of IS Luxury represented both the buyer and seller.

    The No. 3 sale was also in The Ridges for $8.55 million. This two-story home features five bedrooms, seven baths, and a five-car garage. Randy Char with Las Vegas Sotheby's International Realty listed the property, while Frank Napoli of Berkshire Hathaway represented the buyer.

    Other notable sales included a $6.99 million home in MacDonald Highlands, a $6.9 million home also in MacDonald Highlands, a $5.85 million home in The Ridges, and several other multi-million dollar transactions.