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372 Valleggia Drive, Las Vegas, Nevada 89138

Gated-Summerlin -1 Story 3 Bed/3 Bath-Built 2018 MLS #2181300

Single Story Gated 3 Bed Open Floor Plan Home in Summerlin- Center Courtyard w/ Gas Fireplace w/3 Sliding Glass Walls that Seamlessly Integrate Indoor & Outdoor Living. The Chef's Kitchen Boasts a Gargantuan Quartz Island, GE Profile Stainless Steel Appliances Including Double Ovens & 5 Gas Burner Cooktop. Magnificent Master Suite w/ Spa-Like Bathroom. Custom Designer Tile Encapsulates the Tub & Shower. Walking Distance to Park. SID/LID Paid Off $9700

Here is the 3D walkthrough

LAS VEGAS HOUSING 2017 YEARLY REPORT 

Dwindling supply has helped prop up prices; single family homes experienced a median of 19 days on the market.

The Las Vegas housing market ended 2017 better than it started. Most notably, the median resale home price jumped 17.8 percent on the year, reaching $238,000 in December.

The volume of resale closings has remained elevated with over 49,200 transactions in 2017 – an increase of 4.9 percent from 2016. While not all potential buyers were successful in the resale market, many have turned to the new home market to identify properties that meet their specifications. Builders closed on over 8,700 homes in 2017, representing a 10.1 percent increase.

With over $18 billion in major projects either under construction or on the drawing boards, the expectation is that these activities will pay dividends in the housing market by driving population and employment forward.

The latest performance by the equities markets – reaching all-time highs – certainly doesn’t hurt.

The majority of signals all appear favorable

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Las Vegas is forecast to have the fastest rising home values in the country next year, according to a new report.

The estimated median home value in the Las Vegas area is expected to reach $247,331 in September 2018, up 5.9 percent from September 2017, according to home-listing service Zillow.

That’s the fastest forecasted rise among the 30-plus metro areas listed in the report.

Nationally, Zillow expects home values to climb 3.1 percent in the next year.

Las Vegas home prices have already been rising at among the fastest rates nationally.

According to a report last week from the S&P CoreLogic Case-Shiller Indices, Las Vegas-area home prices were up 8.6 percent year-over-year in August, second-fastest among 20 metro areas listed in the report.

Seattle led the pack at 13.2 percent. Nationally, prices were up 6.1 percent.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

By Thomas Moore (contact)

Published Friday, Oct. 27, 2017 | 2 a.m.

Updated Monday, Nov. 6, 2017 | 11:05 a.m.

The Stirling Club, the long-closed haunt of Las Vegas cognoscenti, will be auctioned early next month.

The auction for the property on Paradise Road, now being represented by commercial real estate firm Colliers International, will be held onreal estate auction site ten-x.com Nov. 28-30. The opening bid has been set at $3.6 million; bidders must place a $50,000 deposit to get a chance to buy it.

The private club has been dark since May 2012. Surrounded by the four high-rise Turnberry Towers, the building was also once known as Mansion at Turnberry Place and was available to Turnberry residents for a $400 a month membership fee.

While open, the club became a well-known hangout for local noteables and celebrities. It was a regular stop in the Vegas nightlife circuit. Kelly Clinton, wife of singer Clint Holmes, was the club’s entertainment director, and Strip entertainers would perform there.

It was also known for hosting special events.

“At one time they hosted this very big Indian wedding,” said Steve Neiger, an associate vice president at Colliers. “They covered the pool with a platform and had a big elephant and all kinds of extravagances.”

The 73,576-square-foot building was an ideal upscale hangout with its lounge and adjoining restaurant, spa, pool and gym, tennis courts, two kitchens, 10 bedrooms, 20 bathrooms and separate staff quarters. The main building is appointed with marble, brass, polished-wood effects and red-carpeted stairways.

In the wake of the recession, however, the club became a financial loser and closed. In October 2013 the owners, Jeffrey and Jackie Soffer and their company, Turnberry Associates, sold the property for $10,546,000 to a group of investors, JDLB LLC and JDLB Mansion LLC.

Neiger said his firm had received interest in the property from investment groups in China, California and even Colombia. The burgeoning growth of the north Strip, he said, is one reason why.

“It’s across from the Westgate and next door to the Convention Center expansion and also to the Fontainebleau, which now has new owners,” he said.

“Obviously holding meetings is a natural use, dead set as it is in middle of that area. … A company or a group of companies could book the club and rent it out for convention parties.”