Before the property sold in January for $6 million, the 2.3 acres, located a block away from Main Street, sold in 2011 for just over $322,000, according to Clark County property records.
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A plan to build transitional housing for recently released offenders is getting pushback from the community before it goes to Las Vegas officials for consideration.
Two areas in the Las Vegas Valley are leading the pack so far in home sales in 2024, according to Clark County property records.
“It’s so confusing,” Legal Aid Center of Southern Nevada Attorney Jim Berchtold said.
Home prices grew fast in 2019 in older, more centrally located areas of the Las Vegas Valley.
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.
Las Vegas home prices are rising at one of the fastest clips in the country, with builders fetching record dollar amounts and resale values approaching prior highs.
For the second year in a row Las Vegas has been named the worst U.S. metropolitan area at providing affordable rental housing for its poorest families, while Nevada ranked last among states for the fourth year running.
Councilwoman Michele Fiore had city marshals throw people out of a Las Vegas neighborhood meeting that erupted this week.
Las Vegas was one of the most popular places in America to flip houses last quarter, although profits were below national averages, a new report shows.