Two cities in the valley rank 10th and 11th in the nation for fastest-growing house prices, according to a new study.
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Zonda statistics show a bounceback in housing starts on the residential side as the market finally gets off the pandemic roller coaster ride.
The six-bedroom, 15,000-square-foot property last changed hands in 2022 for $17.5 million. The asking price has gone up significantly since then.
Locally and nationally, homebuyers have been largely pumping the brakes for months, following last year’s cheap-money-fueled buying binge.
In Nevada, the property-tax increase for one’s primary residence is a maximum of 3 percent, and the increase for other properties, including land and commercial buildings, is a max of 8 percent.
A judge agreed with the developer behind stalled housing plans on a defunct golf course near Summerlin who claimed that interference by Las Vegas officials made land impossible to develop.
The Bascom Group recently announced that it purchased 93 units in Suncrest Townhomes, a duplex-style community in North Las Vegas, for $24.75 million.
The luxury home, up against the mountains on the far east side of the valley, is listed for a dollar under $4 million.
Rock star Gene Simmons of KISS has paid a combined $10.8 million for a home in the Henderson hillside community of Ascaya and a lot adjacent to it, Simmons’ Realtor confirmed to Real Estate Millions.
Homeowners increasingly seek to create outdoor spaces for gathering with others.