{"id":1004080066,"date":"2013-07-11T06:09:57","date_gmt":"2013-07-11T14:09:57","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=146340"},"modified":"2022-03-03T12:55:05","modified_gmt":"2022-03-03T20:55:05","slug":"luxury-homes-regain-their-shine-as-newton-expands-new-estate","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\/","title":{"rendered":"Luxury Homes Regain Their Shine as Newton Expands New Estate"},"content":{"rendered":"<p class=\"MsoNormal\"><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/horton.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-146341\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/horton.jpg\" alt=\"\" width=\"249\" height=\"284\" \/><\/a><\/p>\n<p>As housing sales volume and prices rebound in Las Vegas, a once-lagging<br \/>\ncategory\u2014the luxury residential market\u2014is beginning to catch up.<\/p>\n<p>According to real estate researcher Redfin, 85 homes changed hands for $1 million or more, <a href=\"https:\/\/www.vegasinc.com\/news\/2013\/jul\/05\/luxury-housing-market-rebounds-years-most-expensiv\/\" rel=\"nofollow\"><em>VegasINC<\/em><\/a> reports. That is more than double the 39 high-end homes sold during the same period last year.<\/p>\n<p>At this pace, 2013 is well on the way to exceeding last year\u2019s numbers, when a relatively modest 194 sales of million-dollar homes were recorded.<\/p>\n<p>A recent example of a big-ticket residential property acquisition is Wayne Newton\u2019s $5 million purchase of a two-story, 5,446-square-foot house on a 10.3-acre site. The parcel is adjacent to the entertainer\u2019s new home at East Orquendo Rd. and South Gateway Rd.<\/p>\n<p>Newton moved there earlier this year from Casa de Shenandoah, a home he had owned for some 50 years. He is in the process of expanding his new property by buying adjacent parcels.<\/p>\n<p>&nbsp;<\/p>\n<p>Image courtesy of <em>drhorton.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the housing market rebounds in Las Vegas with increases in both the number of sales and median transaction values, the luxury market is not lagging behind as Q1&rsquo;s figures seem to indicate. The city&rsquo;s luxury homes are legendary for their sprawling estate-like properties and celebrity-owned compounds, but the market downturn quenched much of the buyer&rsquo;s thirst for such properties in the area. Now according to VegasINC magazine, the market is finally on the up in terms of number of transactions.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1593,21742],"tags":[39450],"class_list":["post-1004080066","post","type-post","status-publish","format-standard","hentry","category-las-vegas","category-latest","tag-las-vegas"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Luxury Homes Regain Their Shine as Newton Expands New Estate - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury Homes Regain Their Shine as Newton Expands New Estate\" \/>\n<meta property=\"og:description\" content=\"As the housing market rebounds in Las Vegas with increases in both the number of sales and median transaction values, the luxury market is not lagging behind as Q1&rsquo;s figures seem to indicate. The city&rsquo;s luxury homes are legendary for their sprawling estate-like properties and celebrity-owned compounds, but the market downturn quenched much of the buyer&rsquo;s thirst for such properties in the area. Now according to VegasINC magazine, the market is finally on the up in terms of number of transactions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-11T14:09:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T20:55:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/horton.jpg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Luxury Homes Regain Their Shine as Newton Expands New Estate\",\"datePublished\":\"2013-07-11T14:09:57+00:00\",\"dateModified\":\"2022-03-03T20:55:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\\\/\"},\"wordCount\":171,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/07\\\/horton.jpg\",\"keywords\":[\"Las Vegas\"],\"articleSection\":[\"Las Vegas\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/luxury-homes-regain-their-shine-as-newton-expands-new-estate\\\/\",\"name\":\"Luxury Homes Regain Their Shine as Newton Expands New Estate - 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