Buyers paid a median price of $444,677 for newly built homes in Southern Nevada in November, up 11.5 percent from a year earlier.
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Home construction is still facing costly and delayed materials from supply chain disruptions while the Southern Nevada housing market remains hot, industry members say.
Attorneys for Hsieh’s family filed court papers Monday showing the sprawling home is set to trade hands.
The 72-year-old rock star initially listed his Henderson mountain-side mansion in October, just five months after he bought it. Now he’s lowered the price dramatically.
The median sales price of previously owned single-family homes was $420,000 in November, up $10,000 from the prior month.
Starlight U.S. Residential Fund has acquired Lyric, a 376-unit apartment complex in the south valley.
Southern California real estate firms Lyon Living and LandSpire Group recently started construction on a 294-unit rental complex at The Gramercy in the southwest valley.
Builders logged 848 net sales in October, the lowest monthly tally since November 2020, though buyer traffic “has remained steady.”
More than 30 years after executives outlined their vision for Summerlin, the massive community commands some of the highest home and land prices in Southern Nevada and remains one of the top-selling spots in the nation for homebuilders.
Former Raiders President Marc Badain has sold his Southern Highlands home four months after he resigned from the organization.