Construction is underway on the $750 million Durango hotel-casino near Ikea.
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The median sales price of previously owned single-family homes reached a record high of $450,000 in February.
U.S. firms that flip houses around the country purchased 532 homes in the Las Vegas area in the second quarter, up almost 80 percent from the first quarter.
The median sales price of previously owned single-family homes was $405,000 last month, unchanged from the record high set in July.
Las Vegas-area home prices were 30 percent to 34 percent overvalued in the first quarter, highest among the 50 most-populated metro areas in the nation, according to Fitch Ratings.
Buyers picked up 3,189 previously owned single-family homes — the bulk of the market — in May, down 9.6 percent from April but up 87.3 percent from May 2020, a new report shows.
Kristen Routh-Silberman listed a sleek Henderson mansion for $12.5 million early this month, and within days, she said, she was negotiating two offers.
After starting the process to sell Tony Hsieh’s expansive Las Vegas real estate holdings, the late tech mogul’s family has now turned to his property portfolio in a wealthy Utah ski town.
Aldo Martinez, the 2021 president of real estate trade group Las Vegas Realtors, gives his take on the pandemic and the Southern Nevada housing market during a question-and-answer interview.
Las Vegas house prices hit another all-time high last month amid plunging supply and despite lingering economic fallout from the coronavirus pandemic.