The month’s 3.6 unemployment rate is the lowest rate on record in state history.
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Developers are betting the heated market will persuade buyers to look at rural outposts, which offer cheaper houses but also hefty commutes to Las Vegas and not as many jobs, services and amenities as their famous neighbor.
Situated 60 miles west of Las Vegas, Pahrump has legal brothels, widespread gun ownership and a lot of retirees. But along state Route 160, not far from the RV Superstore, those with a taste for sports cars have a place to burn rubber.
The listing for a house here touts plenty of selling points — breathtaking views, generous lot sizes and upgraded granite countertops. What’s not mentioned? The former owner is one of the most infamous mass murderers in U.S. history.
North Carolina hoteliers Colin and Deanna Crossman have acquired the Resort on Mount Charleston, some 40 miles northwest of the Las Vegas Strip, from The Siegel Group.
D.R.’s purchase in Logandale comes amid rising land and house prices in the Las Vegas Valley and, according to one builder, an uptick in home construction in the Moapa Valley.