Before last year, Las Vegas’ median house price peaked in mid-2006 at $315,000 – which, adjusted for inflation, is $423,834 in today’s dollars.
Search results for:
After going up in flames early last year, the home was listed for sale July 22, and six different investors made offers.
The Calida Group has drawn up plans for two projects totaling around 450 rental homes in Henderson’s Cadence community.
Sales in the luxury community have accelerated alongside Southern Nevada’s broader housing market.
Nearly 87 percent of previously owned single-family homes that sold in May had been on the market for 30 days or less, up from about 64 percent of the house sales in January.
Resale totals have fallen the past two months, and available inventory has climbed for three straight months as house prices keep setting all-time highs.
Fueled by cheap money, housing markets across the country have accelerated with rapid sales and rising prices.
Longtime developer Bob Schulman wants to build another upscale rental project, right near Southern Nevada’s newest high-profile residents: the Raiders.
Real estate pros point out that there are key differences between today’s hot streak and the doomed housing market frenzy of a decade-and-a-half ago.
Overall, the valley’s single-family rental market has “held up rather well” during the pandemic, said Tom Blanchard, last year’s president of trade association Las Vegas Realtors.