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.
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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.
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.
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.
Construction is underway on Wood Partners’ 228-unit project off Southern Highlands and St. Rose parkways, near the M Resort.
Southern Nevada builders saw a pullback in sales activity in August, but prices reached another all-time high and the market overall remained far ahead of year-ago levels.
Home prices soared across the country at a record speed in July, though in Las Vegas, prices accelerated even faster than the national average, a new report shows.
Scott Gragson’s 10,621-square-foot home is listed for rent at a price that amounts to buying a luxury car every four weeks.
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