With the grass torn out and heavy construction equipment on-site, Las Vegas’ former Royal Links golf course is on its way to becoming a sprawling housing tract.
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Amid the typically busy spring buying season, around 3,000 previously owned single-family homes traded hands last month, down 8 percent from March.
Southern Nevada’s rental market has heated up over the past year as people are looking for more space amid widespread work-from-home arrangements.
“We keep expecting prices to slow down at some point, but it’s not happening yet,” LVR President Brandon Roberts said in a news release.
We found five examples of houses for sale at or near the median sale price of single-family homes in Southern Nevada.
Cities like Las Vegas can become so popular because of their lower prices that the “affordability starts to vanish,” a Zillow economist said.
South Beach, in the southwest valley, boasts poolside cabanas, a huge outdoor TV, an outdoor gym, a sports field and other amenities.
The median sales price of previously owned single-family homes reached a record high of $450,000 in February.
A local developer has launched a new apartment project in downtown Las Vegas after he built and leased one up in the Arts District.
The eight-bedroom, nine-bathroom house features a Roman-style interior, an indoor fountain, custom chandeliers, a home theater, a security room and marble flooring.