Many transplants come to Las Vegas thinking that it’s only the Vegas Strip, but it’s so much more than that. During the pandemic, buyers flocked from places like California, Florida and Washington, looking for tax benefits, a larger living space, indoor-outdoor living options and improved quality of life. The growth in the market has been astounding.
Consider these numbers regarding the Sun Belt region: Cities such as Tucson, Tampa, Atlanta, Nashville, Austin and Las Vegas, if inventory levels allowed, saw an uptick in the number of luxury single-family home purchases in 2021. Prices jumped by a median of 22.1% in these aforementioned cities, while inventory levels fell by a median of 23%.
Molly and Bob Hamrick, owners of Coldwell Banker Premier Realty in Las Vegas, lead the most-productive brokerage in Southern Nevada — and pride themselves on having the highest per agent productivity in the area. “While most agents in the market average a handful of transactions each year, our agents average 11-12 per year,” explains Molly. “The reason for this is our commitment to coaching, consistent training and unparalleled services from marketing to technology.”
Coldwell Banker Premier Realty has three campuses across the Valley – located in Summerlin, Centennial Hills and Green Valley – with sales professionals servicing clients in the cities of Las Vegas, North Las Vegas, Henderson and Boulder City.
“There are so many reasons to love the luxury real estate market in Las Vegas,” says Molly. “The first being how much our buyer pool has expanded in recent years. Nearly 40% of new residents to Las Vegas are migrating from California. From professional athletes to top business executives, many organizations are moving their headquarters to Southern Nevada for its tax structure and the many amenities, like world-class dining, entertainment and more. With appreciation and demand, the pricing in the luxury sector specifically has increased by 57% since 2019.”
Las Vegas real estate leaders dish on the most sought-after amenities in the booming Vegas market
In addition to the amazing advantages that Southern Nevada can offer residents, here are a few other trends the Hamricks are seeing in the region:
- “Seamless indoor/outdoor living is very popular in our desert climate,” explains Molly. “Home buyers are intrigued by designs that bring outdoor features inside and indoor features outside, like outdoor living spaces, interior courtyards and disappearing glass doors.”
- “Flex spaces are also extremely important for homeowners who are working remotely and those who are seeking improved work-life balance,” says Bob, referencing homes like this one located in Las Vegas.
- “The wellness trend is also exploding where we are seeing more meditation spaces, home gyms, pools and even SMART homes that help manipulate your environment for better sleep, air quality and comfort,” he explains, of homes like this Vegas property.
- Both say that additional trends include sustainability and larger outdoor spaces.
With sales volume topping over $1.3B in 2021, the Hamricks’ dedication to excellence is paramount. According to many of their sales associates, you will not find two more captivating, genuine leaders who invest their time and knowledge into the people around them.
“The Hamricks each have their own unique style of leadership,” said Melissa Fama-Flis, vice president of marketing at Coldwell Banker Premier Realty. “Bob is completely charismatic, and people are very naturally drawn to and inspired by him. Whereas Molly is a beautifully authentic and transformational leader. Together, they are unstoppable.”
To learn more about Coldwell Banker Premier Realty in Southern Nevada, click here.