The mansion on “billionaire’s row” spans more than 14,000 square feet and features a gym, steam room and lush landscaping.
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Commissioners voted 4-3 to support the proposed ban, which would grandfather in short-term rentals already permitted by the city. The decision followed more than an hour of public comment, with a majority of speakers opposing the ban.
About 500,000 people stayed at Airbnb rentals in the Las Vegas area last year, the company reports. That’s almost double the amount of visitors in 2016.
The apartments can be small and the rents aren’t cheap, but dozens of tenants have moved to the new Fremont9 complex downtown, a member of the development team said Tuesday.
Las Vegas homebuilders notched a 20 percent year-over-year increase in July sales and fetched a median price that was 17 percent higher than a year earlier, a new report shows.
The median sales price of previously owned single-family homes in Las Vegas was $290,000 in July. Here’s a look at what that gets you around the valley.
Southern Nevada home prices rose 13 percent in June from a year earlier, compared with a 6.2 percent rise nationally, according to the SP CoreLogic Case-Shiller index released Tuesday.
Nothing is hotter in the Las Vegas Valley these days, not even the temperature, than the multifamily marketplace.
Big-money investors have owned rental homes around Las Vegas for years. But despite fast-rising sales prices, they aren’t ready to cash in, thanks to people like Darrius Mathis and Kayte Fernandez.
To afford renting a typical one-bedroom apartment in the Las Vegas metropolitan area, a minimum wage worker without health benefits would need to clock 73 hours a week.
With downtown Las Vegas slated to get its first big new rental complex in years, other developers also are looking to do projects in the once-neglected area.
The apartment complex on South Pecos Road in eastern Las Vegas serves renters with low incomes, but its mix of 50 one- and two-bedroom units are spacious with hardwood floors and new appliances.
Las Vegas home prices are rising at one of the fastest clips in the country, with builders fetching record dollar amounts and resale values approaching prior highs.
Las Vegas house prices have climbed fast and could reach their pre-recession peak later this year, a new report says.
Starting Friday no new homes will be built in Southern Highlands until a long-awaited sports park is completed.
