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Setting New Records in Luxury Homes

Posted by Kenneth Lowman on January 6, 2015
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The NASDAQ stock index is approaching 5,000 again.  It set a record high on March 9, 2000 at 5,046.86.  Believe it or not, it has taken nearly 15 years for this market index to get back to its all time high.  The Las Vegas luxury home market set all time highs in 2007.  How long will it take for the Las Vegas luxury home market to exceed those highs?  While we are well on our way after 7 years we have yet to come close to a sales record that I set in 2007 by selling a luxury home in The Ridges for $1,047 per square foot.  I believe that in the next 3-5 years we will break those record highs in the luxury home market, and if so, get back to our market top in a few years less than the 15 years it has taken the NASDAQ.

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