The property owners are seeking $7 million an acre, or $182 million total, for the spread near Mandalay Bay.
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Before last year, Las Vegas’ median house price peaked in mid-2006 at $315,000 – which, adjusted for inflation, is $423,834 in today’s dollars.
Around 7,000 single-family homes were on the market without offers at the end of November, up a jaw-dropping 54 percent from a year earlier and the highest level in two years, according to Greater Las Vegas Association of Realtors data, which the trade group pulls from its resale-heavy listing service.
Paula Yakubik may not be a developer or broker, but she generated plenty of business from Las Vegas’ real estate industry during the boom years.