A Dallas real estate group is betting big on Las Vegas’ apartment market, scooping up four properties for more than $345 million combined.
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Nearly 2,900 previously owned single-family homes changed hands in October, up from September, according to the Greater Las Vegas Association of Realtors.
At least 36 projects are underway, planned or completed in the west Henderson area, including the Raiders practice facility.
Lennar Corp., Shea Homes and Woodside Homes are developing Sunstone located in the far northwest Las Vegas Valley.
Elysian at Tivoli has been in the works for a few years and is slated to feature a rock-climbing wall, virtual-reality sports and other amenities.
The community in northwest Las Vegas is designed to have around 3,000 homes and just under 30 acres of parks, trails and open space, according to a spokeswoman for one of the builders.
Las Vegas came in No. 2 to Phoenix for second straight month in the SP CoreLogic Case-Shiller index, which showed Southern Nevada prices were up 4.7 percent year-over-year in July, compared with 5.8 percent for Phoenix.
The median sales price of a newly built single-family house in Southern Nevada was around $389,450 in July, compared with $295,000 for a previously owned one, a gap of almost $94,450, according to data from Las Vegas-based Home Builders Research.
UNLV has long been known as a commuter school, but this year, three big residential complexes have opened on or near the campus.
Las Vegas has no shortage of homes for rent between $1,000 and $2,000 a month. Some landlords, however, charge the price of a new car every four weeks.
A month after he resigned from his casino company, billionaire Steve Wynn bought a suburban mansion for $13 million — the most expensive home sale of 2018 in Las Vegas.