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.
Developer Sam Cherry said that in shareDOWNTOWN, located on the corner of Casino Center Boulevard and Colorado Avenue, a therapist will visit regularly to meet with tenants.
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 project is expected to begin around the end of this month at Archie Grant Park, a community for low-income seniors and the disabled.
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.