Las Vegas’ mortgage delinquency rate rose again in May after the coronavirus pandemic shut down much of the economy, a new report shows.
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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.
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.
A Las Vegas home designed in the 1970s as an underground shelter with five bedrooms, pool, terraces and a waterfall is back on the market.
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.
Legal advocates say landlords are still harassing tenants at a “record pace” despite Gov. Sisolak’s statewide eviction moratorium issued this week.
Evictions are not supposed to be happening right now. But weekly renters are still being served eviction notices, or kicked out, amid the coronavirus pandemic.
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.