Sales prices are climbing fast even as mortgage rates rise, something analysts had predicted could throw cold water on the market.
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Amid a warehouse boom that has depleted the tally of potential project sites in the valley and pushed up land prices, Apex is seeing more construction plans.
With land prices accelerating in Las Vegas, homebuilders are increasingly eyeing rural communities sprinkled around Southern Nevada for potential new projects.
The proposal marks yet another new venture for Water Street, a once-sleepy corridor that city officials have long sought to revitalize.
The median sales price of previously owned single-family homes reached a record high of $450,000 in February.
A local developer has launched a new apartment project in downtown Las Vegas after he built and leased one up in the Arts District.
After building and then selling two upscale apartment complexes near the Strip, developer Jonathan Fore is set to construct another one.