Just over 27 percent of pending sales in the Las Vegas area fell through in June, the highest cancellation rate in the nation, according to Redfin.
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Chinatown Plaza, built in the 1990s, became a hub of Asian cuisine and culture in Southern Nevada.
There’s no way to predict where the market will head in the coming months, but for now, it’s cooling off.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.