Barring some “major surprise,” builders this year will close more than 10,000 sales for the first time since 2008, Home Builders Research President Andrew Smith and founder Dennis Smith wrote in Monday’s report.
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Southern Nevada prices were up 12.8 percent year-over-year in October, compared to a 5.5 percent bump nationally, according to the S&P CoreLogic Case-Shiller index released Wednesday.
Here’s a look at the five most expensive high-rise condo sales of the year, as reported by the GLVAR. Most were in the Waldorf Astoria Las Vegas, formerly the Mandarin Oriental , and one of the buyers was Switch founder Rob Roy .
A condo east of the Las Vegas Strip is boarded up and, months after the owner died, still has furniture, clothes, oxygen tanks, a grimy stovetop and dishes in the sink. It’s also one of the cheapest homes for sale in Las Vegas
A local developer wants to build a retail and office project a few miles up the road from the Raiders’ future practice site in Henderson.
It’s unclear when Station would develop a project or if the company has drawn up plans for one. But its purchase is a wager on a fast-growing area and is a throwback to the pre-recession days , when the company loaded up on future resort sites before Station went bankrupt.
Las Vegas’ median house price dipped below $300,000 last month as sales tumbled from a year earlier and inventory soared.
It was the third consecutive month that Las Vegas topped the Case-Shiller index. Prior to leading the pack, its price growth was second-fastest behind Seattle for 10 consecutive months.
The Lucky Dragon’s main lender foreclosed on the shuttered resort Tuesday, opening a new chapter in the Las Vegas hotel’s short but troubled history.
The question used to be all too common in real estate circles: What’s going on with Resorts World? Today it’s a different story. The site is alive with multiple cranes in the air and a hotel that keeps growing taller.