Southern Nevada spent the past year grappling with the pandemic but also saw a burst of lucrative casino deals.
Southern Nevada house prices were up 25.5 percent year over year in October, compared with the U.S. rate of 19.1 percent, according to a new report.
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.
A Southern California firm bought its second apartment complex in the valley and plans to keep spending big on the region.
The turf ban would apply to all new development, except for schools, parks and cemeteries. Existing regulations prohibit grass in front yards and limit it to 50 percent of a backyard’s area.
Home construction is still facing costly and delayed materials from supply chain disruptions while the Southern Nevada housing market remains hot, industry members say.
The Southern Nevada Water Authority has aggressively pursued the removal of grass in Southern Nevada for decades. It wants to make turf regulations even more restrictive.
After his attempt to complete Las Vegas’ Fontainebleau resort fizzled out, developer Steve Witkoff unveiled some new ventures in Florida this year.
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.
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.