Las Vegas flippers on average sold houses in the second quarter for $54,600 above what they bought them for, producing a gross return on investment of 27.6 percent.
In both places, a rapid acceleration in the mid-2000s was followed by a devastating crash, and the current recovery is nowhere close to recouping all its losses.
Kingman isn’t roaring with growth today, and despite Las Vegas’ fast-rising home prices, it seems unlikely that Kingman will become a commuter town anytime soon.
Las Vegas homebuilders notched a 20 percent year-over-year increase in July sales and fetched a median price that was 17 percent higher than a year earlier, a new report shows.
The median sales price of previously owned single-family homes in Las Vegas was $290,000 in July. Here’s a look at what that gets you around the valley.
President and CEO Fred Tuomi “will be taking a temporary leave of absence to care for a family member’s medical issue,” Invitation announced Monday. The Dallas-based company did not elaborate on the issue, nor did it say when Tuomi was expected to return.
Logan Capital Advisors’ purchase of the 208-unit Oasis Sierra, on West Charleston Boulevard near Rainbow Boulevard, follows its June acquisition of the 255-unit Elysian at Southern Highlands, a townhouse complex near the M Resort, for more than $64 million.