Las Vegas is bucking the national trend when it comes to new home sales and shows no signs of slowing down based on the latest numbers and projections from Las Vegas-based Home Builders Research.
Nothing is hotter in the Las Vegas Valley these days, not even the temperature, than the multifamily marketplace.
Las Vegas house prices are cooling off this summer and the full-year sales tally might be below 2017’s, a new report says.
With higher land prices making single-family houses less affordable, Las Vegas builders are cramming sites with more units by putting up condos and townhouses.
Big-money investors have owned rental homes around Las Vegas for years. But despite fast-rising sales prices, they aren’t ready to cash in, thanks to people like Darrius Mathis and Kayte Fernandez.
Las Vegas homebuilders notched another boost in sales last month, and condos and townhouses comprised a higher share of the total.
Tower 16 Capital Partners announced Friday that it bought the 512-unit Foothill Village, 6255 W. Tropicana Ave. at Jones Boulevard, in a joint venture with Henley USA.
As house hunters and real estate agents know, the inventory of homes for sale has dropped fast in Las Vegas.