The median sales price of previously owned single-family homes was $330,000 in July, up 1.5 percent from the record high in June and 8.9 percent from a year ago, Las Vegas Realtors said.
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Southern Nevada homebuilders signed nearly 1,230 sales contracts in June, the most since February.
The median sales price of previously owned single-family homes — the bulk of the market — was a record $325,000 last month, up 3.2 percent from May and 6.9 percent from June 2019.
The 63-unit Share Downtown, at the corner of Casino Center Boulevard and Colorado Avenue, is scheduled to open later this month, with the first 16 units now available for lease, management announced Wednesday.
Don’t expect a big burst of real estate action anytime soon.
In Southern Nevada, homeowners put 3,605 single-family houses up for sale last month, down 18 percent from March 2019, according to trade association Las Vegas Realtors, or LVR, which pulls data from its listing service.
Las Vegas’ housing market faces risky terrain and sales could tumble as Southern Nevada shuts down to contain the new coronavirus, real estate pros say.
Southern Nevada’s housing market ended 2019 with some of the slowest-rising prices in the U.S., a new report shows. Last month’s home sales, however, ticked up 25 percent compared with January 2019.
Home prices grew fast in 2019 in older, more centrally located areas of the Las Vegas Valley.
A Dallas real estate group is betting big on Las Vegas’ apartment market, scooping up four properties for more than $345 million combined.
Nearly 2,900 previously owned single-family homes changed hands in October, up from September, according to the Greater Las Vegas Association of Realtors.
Lennar Corp., Shea Homes and Woodside Homes are developing Sunstone located in the far northwest Las Vegas Valley.
Elysian at Tivoli has been in the works for a few years and is slated to feature a rock-climbing wall, virtual-reality sports and other amenities.
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.
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.
