Southern Nevada house prices were up 25.5 percent year over year in October, compared with the U.S. rate of 19.1 percent, according to a new report.
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Buyers paid a median price of $444,677 for newly built homes in Southern Nevada in November, up 11.5 percent from a year earlier.
Home construction is still facing costly and delayed materials from supply chain disruptions while the Southern Nevada housing market remains hot, industry members say.
Attorneys for Hsieh’s family filed court papers Monday showing the sprawling home is set to trade hands.
The median sales price of previously owned single-family homes was $420,000 in November, up $10,000 from the prior month.
Southern California real estate firms Lyon Living and LandSpire Group recently started construction on a 294-unit rental complex at The Gramercy in the southwest valley.
Builders logged 848 net sales in October, the lowest monthly tally since November 2020, though buyer traffic “has remained steady.”
Foresight Companies held a ceremonial groundbreaking Monday for Lake Mead West Apartments, a 156-unit complex, scheduled to be finished in spring 2023.
Panattoni Development Co. filed a concept plan review for a venture called Project Breezy.
The median sales price of previously owned single-family houses was a record $410,000 last month, up 20.5 percent from October of last year.
SB Real Estate Partners announced that it acquired The Russell, a 241-unit property in the southwest valley.
American Nevada Co. and Warmington Properties were scheduled to hold a ceremonial groundbreaking Tuesday morning for Sync, a 203-unit rental project off Aliante Parkway and the 215 Beltway in North Las Vegas.
The county Planning Commission will consider Touchstone Living’s proposal to build around 1,300 homes on a golf course once owned by gambler Bill Walters.
Southern Nevada prices have been on a stomach-churning ride the past two decades: The market floors it, hits the brakes, and repeats.
The former casino mogul’s opulent estate in Summerlin spans 15,000 square feet and includes an art room, a crystal staircase, silk carpets, and marble pillars, according to listing materials.
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