Published September 27, 2021
Tesla comes with new luxury home purchase
A developer has announced plans for two luxury housing communities— one starting this fall in Henderson and another planned for 2022 in the southwest valley — as the demand for luxury new homes continues to escalate and builders are trying to capitalize on that demand.
The developer, Livv, even has plans to give buyers a Model 3 Tesla electric car, which retails for about $40,000 — building on its brand concept of smart and sustainable homes.
The timing is perfect.
Las Vegas-based Home Builders Research released data this week that shows luxury new-home closings of $1 million and higher rose 57 percent through August compared to 2020. There were 275 new home closings of $1 million and more during the first eight months of the year. There were 100 fewer through August 2020. In 2019, there 183 through the first eight months.
Calculating home closings of $750,000 and above, there were 635 through August. That’s 63 percent higher than the 389 in the first eight months of 2020. There were 450 closings of $750,000 and above through August 2019, according to Home Builders Research.
