The community in northwest Las Vegas is designed to have around 3,000 homes and just under 30 acres of parks, trails and open space, according to a spokeswoman for one of the builders.
Housing
More than 13 years after the market peaked, Las Vegas house prices last month came close to their pre-recession highs.
Security Properties announced Tuesday that it purchased the 379-unit Lofts at 7100 complex for $80 million.
Frank Nothaft, chief economist at housing tracker CoreLogic, discusses the current health of the housing market in Las Vegas and beyond.
Mystery solved on where Oakland Raiders coach Jon Gruden and his quarterback Derek Carr will be neighbors when the team relocates to Las Vegas in 2020.
Las Vegas came in No. 2 to Phoenix for second straight month in the SP CoreLogic Case-Shiller index, which showed Southern Nevada prices were up 4.7 percent year-over-year in July, compared with 5.8 percent for Phoenix.
The project is expected to begin around the end of this month at Archie Grant Park, a community for low-income seniors and the disabled.
The median sales price of a newly built single-family house in Southern Nevada was around $389,450 in July, compared with $295,000 for a previously owned one, a gap of almost $94,450, according to data from Las Vegas-based Home Builders Research.
With home prices rising at a much slower rate than last year, Las Vegas’ market is “coasting along.”
The Las Vegas City Council on Wednesday unanimously approved a public-private partnership with the owner of the Safari Motel on a $440,000 renovation, expected to be completed by May 30, city documents show.
UNLV has long been known as a commuter school, but this year, three big residential complexes have opened on or near the campus.
Attorney General Aaron Ford’s announcement came after multiple property management companies announced plans to alter renters’ leases.
Although it was not enough to hold onto the top spot, home prices were up 5.5 percent year-over-year in June, compared with 3.1 percent nationally.
The low borrowing rates have been a boon for homebuyers, even as global financial markets are roiled by concerns over the global economy.
A planned development on federally owned land is expected to have a subdivision that will act as off-base housing for Creech and Nellis Air Force base personnel.
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