Home prices soared across the country at a record speed in July, though in Las Vegas, prices accelerated even faster than the national average, a new report shows.
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The massive home appears to be the only property the former Zappos CEO Tony Hsieh owned at the time of his death that is now listed for sale.
U.S. firms that flip houses around the country purchased 532 homes in the Las Vegas area in the second quarter, up almost 80 percent from the first quarter.
The median sales price of previously owned single-family homes was $405,000 last month, unchanged from the record high set in July.
Some 15 years ago, a builder’s plan to construct high-rises in southwest Las Vegas failed, leaving a giant hole. Now another developer is moving forward with a plan for a big apartment complex there.
Carroll recently announced that it acquired the 436-unit Emerald Springs and a 383-unit complex roughly 3 miles away, The Meadows.
Southern Nevada home prices jumped 19.8 percent year-over-year in June, outpacing the national rate of 18.6 percent, according to a new report.
Lennar Corp.’s prices in the community exceed the typical sales price of a newly built house in the Las Vegas area.
Housing markets are always prone to ups and downs, especially in Las Vegas, and no boom lasts forever.
The median closing price of newly built homes in Southern Nevada was around $419,950 in July, up 13 percent from a year earlier.
Las Vegas housing prices shot past $400,000 on the resale market for the first time last month, raising concerns that many locals might get priced out as home values keep setting new all-time highs.
Howard Hughes Corp. is developing an office building next to Las Vegas Ballpark and 295 apartments nearby.
TruAmerica Multifamily announced that it acquired three apartment complexes in Florida, Utah and Las Vegas for $209 million combined.
The luxury home, up against the mountains on the far east side of the valley, is listed for a dollar under $4 million.
After growing fast for decades, Clark County’s population is expected to swell by another 1 million people by 2060, a new forecast shows.