Shannon D'Errico Blog

Pricing: How to sell a home and how not to sell a home.

A tale of sold versus expired listings.
Posted by John McClelland on June 03, 2026 in  uncategorized
The infographic below tells an important story for home sellers. Here are some key findings:   Rule 1 — Price it right on day 1. The majority of sold homes needed zero cuts. Homes that went under contract in the first 14 days almost never reduced their price. The best strategy is accurate pricing from the start, not a plan to cut later. Rule 2 — If you need to cut, do it early and do it once. Sold homes that reduced price made their move within the first 30 days — one meaningful cut, not... read more
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High-Rise Condominium Market Evolving

New Construction offers additional choices
Posted by John McClelland on April 30, 2026 in  uncategorized
Las Vegas high-rise condominiums continue to command strong pricing, with multiple sales exceeding $1,000 per square foot and another $10 million-plus transaction recorded in March. Several buildings stand out among the existing inventory. Over the past 12 months, Waldorf Astoria Las Vegas has recorded 19 sales above $1,000 per square foot. Within CityCenter, Veer Towers has posted two such sales, while Sky Las Vegas, Park Towers, and One Queensridge Place have each recorded at least one sale above that threshold.... read more
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Spring Celebrations & Mother's Day Events

From seasonal celebrations to local favorites, May is full of things to do.
Posted by Coldwell Banker on April 30, 2026 in  uncategorized
  96   sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } ? ? Celebrate the month of May with fun for everyone! Enjoy festive Mother’s Day events, Kentucky Derby celebrations, local markets, and plenty of family-friendly activities happening around town. From springtime outings to exciting weekend enter... read more
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Examining Townhomes

From Accessibly Priced to Luxury
Posted by John McClelland on April 14, 2026 in  uncategorized
Examining Townhomes Las Vegas has experienced a notable expansion in townhome development in recent years. While affordability relative to detached single-family homes remains a primary driver in many segments of the market, lifestyle considerations are playing an increasingly important role in buyer decisions. In more urban and mixed-use settings, townhomes offer proximity to employment centers, retail, dining, and entertainment. Communities near areas such as Downtown Las Vegas, Summerlin, and Henderson benefit... read more
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Luxury Home Sales Continue to Outperform the Broader Market

Luxury Sales Driven By Lifestyle, Not Just a More Favourable Tax Environment
Posted by John McClelland on April 07, 2026 in  uncategorized
Thus far in 2026, luxury single-family homes defined as those priced above $1 million have recorded 469 closings. That represents an increase of nearly 16% compared to the same period in 2025, even as total market sales are down almost 2%. Luxury transactions now account for nearly 9% of all sales, up from 7.4% last year. At the very top end, the prime segment consisting of homes selling above $3 million now comprises approximately 1% of all transactions. Just five years ago, that figure was only 0.3%. The expansi... read more
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