The median sales price of previously owned single-family homes was a record $406,500 in September, up 0.4 percent from August and 20.5 percent from September of last year.
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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.
Las Vegas Boulevard is known for its towering hotel-casinos, though several miles south of the tourist corridor, closer to the M Resort, the street is lined with sprawling tracts of desert.
Las Vegas’ CityCenter — once touted as a future “urban metropolis” — has had a mixed history, but has weathered its ups and downs well.
The median sales price of previously owned single-family homes was $375,000 in April, up 21 percent from a year earlier.
Today, the Huntridge Theater is run down and a regular gathering spot for homeless — but J Dapper, its new owner, wants to bring the long-shuttered theater back to life.
Las Vegas home prices set a record high yet again last month, and sales totals grew as the valley’s housing frenzy showed no signs of cooling.
Las Vegas city and community leaders are scheduled to hold a news conference Tuesday to announce the creation of the Coalition to Make Homes Possible.
The median sales price for such homes was $345,000 last month, unchanged from the all-time high set in November and up 10.2 percent from a year ago.
Southern Nevada communities were among the top-selling spots in the nation for homebuilders last year despite the valley’s badly battered economy.