A $15 million sale in MacDonald Highlands topped the list for the most expensive luxury home closing in October — a month that saw an IndyCar driver set up shop in Las Vegas and former Golden Knights player Jonathan Marchessault sell his Summerlin property. The luxury marketplace continues to show strength in relation to the rest of the housing market with 119 closings of $1 million and above in October and 182 sales pending, according to Forrest Barbee, corporate broker with Berkshire Hathaway HomeServices. That’s the best October in history, topping the 116 in 2021 when valuations weren’t as high as 2024.
Las Vegas is on a record pace for luxury sales with 1,485 of $1 million and above through October and has already surpassed 2023’s total. The record is 1,686 in 2021. In the $3 million and above category, there were 18 closings in October to bring the annual total to 193.
That’s two behind the 195 recorded in the 12 months of 2021, again when valuations weren’t as high. The average price paid for luxury homes in October was $1.96 million.
The inventory continued to creep up as well and now has 10 months of supply, according to Barbee. No. 1.
The top sale at $15 million was on Dragon Crest Avenue in MacDonald Highlands’ Dragon’s Reserve, a double-gated private cul-de-sac that has views of the Strip and mountains. Built in 2021 by Blue Heron and sitting on 0.59 acres, the three-story home measures 10,037 square feet with seven bedrooms, eight baths and a four.