Southern Nevada builders saw a pullback in sales activity in August, but prices reached another all-time high and the market overall remained far ahead of year-ago levels.
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Home prices soared across the country at a record speed in July, though in Las Vegas, prices accelerated even faster than the national average, a new report shows.
Auric Symphony Park apartment complex will hold its grand opening Tuesday afternoon in downtown Las Vegas.
Scott Gragson’s 10,621-square-foot home is listed for rent at a price that amounts to buying a luxury car every four weeks.
Over the past several months, some signs that Southern Nevada’s market was tapping the brakes have come and gone.
The median sales price of previously owned single-family homes was $405,000 last month, unchanged from the record high set in July.
Some 15 years ago, a builder’s plan to construct high-rises in southwest Las Vegas failed, leaving a giant hole. Now another developer is moving forward with a plan for a big apartment complex there.
Carroll recently announced that it acquired the 436-unit Emerald Springs and a 383-unit complex roughly 3 miles away, The Meadows.