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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Home construction is still facing costly and delayed materials from supply chain disruptions while the Southern Nevada housing market remains hot, industry members say.
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.
Builders logged 848 net sales in October, the lowest monthly tally since November 2020, though buyer traffic “has remained steady.”
SB Real Estate Partners announced that it acquired The Russell, a 241-unit property in the southwest valley.
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.