Just over 27 percent of pending sales in the Las Vegas area fell through in June, the highest cancellation rate in the nation, according to Redfin.
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NorthPoint Development broke ground last week on an industrial complex that is expected to span more than 2 million square feet.
In Southern Nevada, builders’ sales tally last month was the lowest of the year and marked the third consecutive month of sliding sales.
Chinatown Plaza, built in the 1990s, became a hub of Asian cuisine and culture in Southern Nevada.
Four communities in Southern Nevada are among the top 20 nationally for homebuilders’ sales, but overall, house hunters are pulling back from last year’s buying binge.
There’s no way to predict where the market will head in the coming months, but for now, it’s cooling off.
Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking Friday for the 531-room casino resort.
Cable Center Shops, Hawaiian Marketplace and a 1960s-era Travelodge motel have closed their doors.
Las Vegas house prices drop for first time in over two years as sales keep falling.
According to Las Vegas city records last year, the one-story project will span more than 21,000 square feet and sit on a 5-acre plot of land.