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I list and sell residential real estate. I have for 8 consecutive years now. I am full-time. I started as an real estate agent on the top producing luxury real estate team in the valley. After 3 years, thousands of luxury home tours, hundreds of high priced office transactions, more than three dozen of my own direct transactions and ranking #1 as a team locally, regionally and nationally again and again, I decided to walk away.
It was time to chart my own path forward.
The next three years I would operate as an independent real estate agent affiliated with globally recognized real estate brokers Berkshire Hathaway and Coldwell Banker. Along the way I systematically negotiated improved terms for myself as a licensed real estate agent moving from one broker to another until I was at the top of the income producing and earning curve and benefiting from the lowest cost associated with affiliating with traditional real estate broker models. The lowest cost would be to go out on my own. I am there now.
Before real estate sales I had a wonderful and full life of entrepreneurial endeavors ranging from Hospitality, Entertainment, Publishing and Marketing & Advertising.
Before my endeavors I was a full-time student at UNLV while working as a captain waiter at the Four Seasons fine dining restaurant. I quit the Four Seasons after my New Year’s Eve shift in 1999. Then I dropped out of college in early 2000 with just twelve classes left to complete a business degree. I later returned to college in 2002 where I shifted my studies to a focus on Marketing and Advertising. Then came an unsolicited call from a new resort on the strip with an offer for me to return to my nightclub roots to design, open, program and promote a new nightlife concept set inside the world famous private gaming label London Club International. It did it. Which means I dropped out again.
After returning to UNLV during the Covid-19 global pandemic to take advantage of remote learning I changed to the college of Liberal Arts in pursuit of my four year degree focused on Interdisciplinary Studies. Today I have one class left. It’s my capstone. I will complete my degree in the fall of 2023.
market makers
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The last 7 days we saw 144 single family residential resale properties MOVE in Southern Nevada. These homes feature a million dollar minimum price.
Quick Stats on All 144
- 4 Beds
- 5 Baths
- 3 Car Garage
- 5100 sqft of living space
- 27,000 sqft lot
- $3.268M
List Price Vs Sale Price
- Highest list price to sale price was 127%
- Average list price to sale price was 95.8%
- Lowest list price to sale price was 84.85%
Terms: Cash Vs Finance
- 40% to 60%
Approximately 25 homes sold. The most expense sale was MLS# 2463587 for property address 20 Skybird Court Las Vegas, Nevada 89135 with a sale price of $5,000,000. Skybird was sold by Jonathan C. Catalono Nevada licensed sales-person S.0076933 with ERA Brokers Consolidated. Listing office was Las Vegas Sotheby’s International Realty by broker Randall J. Char. The listing agent was Lisa Lopez (not Left-eye) Nevada licensed sales-person S.0191182.
Below find a list of the top 3 sale prices.
- Sale Price $5,000,000 MLS #2463587 for address 20 Skybird Court
- Sale Price $4,999,999 MLS #2483996 for address 26 Meadowhawk Lane
- Sale Price $4,300,000 MLS #2420062 for address 467 Cityview Ridge Drive 127% over asking price after 29 days
The fastest mover was MLS #2490325 for address 1130 Jerez Court selling for $1,150,000 after zero (0) days on the market. Listed by a Leslie E. Stewart BS.0143469 with Signature Real Estate Group. Sold by a non-MLS office. Average days on market for sold homes las week was 67.
Approximately 25 homes moved to the pending column. The highest priced listing to fall under contact was MLS# 2495574 for property address 1124 Alpine Ledge Drive Henderson Nevada 89012. Asking price is $75,000,000. Terms show this is a cash sale set to close on 8/31/2023. Mathew D. Brimhall B.1000950 owner and broker of MDB Realty listed and sold this one!
Below find a list of the top 3 pending sale prices.
- Pending Price $75,000,000 for MLS# 2495574 for address 1124 Alpine Ledge Drive
- Pending Price $6,299,999 for MLS# 2469641 for address 15 Bright Hollow Court
- Pending Price $4,850,000 for MLS# 2491113 for address 22 Anthem Pointe Court
Approximately 44 new listings hit the market last week. The most expensive home to come on the market was MLS #2496064 for address 14 Promontory Ridge Las Vegas, Nevada 89135. The price is $11,480,000. Javier M. Mendez BS.0027361 of Keller Williams Realty Las Vegas is the responsible party bringing this listing to market.
Below please find a list of the top 3 asking prices.
- List Price $11,480,000for address MLS#2496064 14 Promontory Ridge Drive
- List Price $6,150,000 for address MLS#2495924 19 Quintessa Circle
- List Price $6,099,000for address MLS#2497120 91 Hawk Ridge Drive
My Favorite New Listing Last Week
- MLS #2496001 for address 3183 Elk Clover Street Las Vegas, Nevada 89135 Red Rock Country Club. Asking price is $2,500,000. Listed by Ivan Sher owner and operator of IS Luxury BS.0046822.You will see photos featured below.
For Sale $2.500,000. 3183 Elk Clover Street Las Vegas, Nevada 89135 Red Rock Country Club MLS #2496001. Listed by Ivan Sher owner and operator of IS Luxury BS.0046822
be the change
diamond cake magazine was my opportunity to be the change. It was an opportunity to design, build, manage and own a monthly magazine here in Southern Nevada. The concept was born to benefit the top luxury real estate brokers in the valley then and I think it still benefits them today. 😉
I devised a plan and brought to life what many believe (me included) was the highest quality publication in the market. What made the innovative magazine idea so special was how it was leveraged to the benefit of the entire nonprofit community while partnering deeply with one featured nonprofit organization each month. Below is the cover image from the final issue published back in November 2013. The last issue benefited Nevada Ballet Theatre. This business is without question my favorite. It’s the one I most proud of…
sold $1,296,720
4161 Bronze Ridge Street Las Vegas, Nevada 89135. The is one of my past sales. It is a two story home on 1/4 acre lot in The Ridges. The area was Summerlin. The home sold for $1,296,720. I represented the buyer. This was the 3rd transaction with the same client.
Sold by James P Foster B.0146172. MLS #1926311 4161 for address Bronze Ridge Street Las Vegas Nevada 89135
why
Get your arms around the million dollar real estate market fast, and keep it there! It’s a quick piece to consume with what I hope is entertaining commentary.
The report will keep you informed on the market activity on a week by week in a digestible and fun format you can read, listen to or watch me present. Listening and watching coming soon.
Set in the now featuring the most recent and relevant market making transactions. A unique view through the eyes of an experienced real estate broker who has been a full time licensed real estate professional for the last 8 consecutive years. And I’ve lived here for more than 33 years.
I personally research, analyze, interpret, write, present, record and edit this report. It keeps me fresh and focused. Every 7 days I track and analyze the movement of single family residential properties featuring a million dollar minimum price.
I write a draft on Sunday mornings, write more, revise and edit again on Monday too. Tuesday I continue to copy edit while fact checking and adding in details like captions, credits and license numbers and names. I also begin to source property photos. Tuesday is also the day to begin sending test emails with subject line versions, opening and viewing email newsletter experiences and overall tinkering and toying trying to make it better and easier to publish week over week. Wednesday I publish it to my website and YouTube and send an alert to my list of email subscribers.
thank you
The real estate market remains active. I’m in the field everyday previewing property, studying prices and reading the reports. Text, call or email any questions you have about the market, your home value and or what it means to sell or buy in today’s market. I have answers.
Hope this message finds you well.
Best,
Jimmy
call to action
Contact points, credentials, clickable links and a recent photo below.
Jimmy Foster
Real Estate Broker
REALTOR
jimmy(at)jimmyfoster(dotted)com
P. 702.274.8872
Nevada Real Estate Division License #B.0146172
Multiple Listing Service Public ID #235623
8275 S. Eastern Avenue Ste 200
Las Vegas, NV 89123
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Jimmy Foster sells, buys and builds property representing—above all else—the best interest of his clients. He specializes in luxury residential real estate, raw undeveloped land and buyer representation.
Photos sourced from MLS property listings with watermark shown. Permission provided from listing agent prior to publication.
Notice: This message is not intended as a solicitation to any person or persons currently in an agency relationship with a Nevada Real Estate Division licensee.
P.S. This is a developing idea. I plan to improve it week over week and I invite your feedback to help me make it better. Please send me your feedback with a call, text or email. Thank you for taking the time to get to the bottom of my new and developing weekly newsletter. And here’s to progress over perfection, again.