A local developer has launched a new apartment project in downtown Las Vegas after he built and leased one up in the Arts District.
mc-business
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.
Southern Nevada home builders “continue to operate at full capacity, selling everything they release,” says a new report.
After building and then selling two upscale apartment complexes near the Strip, developer Jonathan Fore is set to construct another one.
The 8,684-square-foot house and nearly 1-acre lot next door were listed Feb. 9 for $7.5 million and apparently went under contract with a buyer on Feb. 18.
The luxury house, which spans about 11,000 square feet and was priced at $13.5 million, is under contract to sell, according to its listing on Zillow.
Southern Nevada house prices in December were up 25.5 percent from a year earlier, compared to 18.8 percent nationally.
Fueled by cheap money, Las Vegas is in a prolonged homebuying boom.
Southern Nevada’s fast-rising house prices set another all-time high in January, as last year’s hot streak carried over to the new year.
The rock star’s 11,000-square-foot house is priced at $13.5 million and features a courtyard entrance, floor-to-ceiling windows, a commercial elevator and direct views of the Strip.
Southern Nevada home prices were up 25.7 percent year over year in November, compared with an 18.8 percent gain nationally.
Last year’s sales tally was the highest since 2006 during Las Vegas’ wild, yet doomed, real estate bubble.
The last day to play golf at Royal Links, an 18-hole course along Vegas Valley Drive about a mile east of Nellis Boulevard, was Dec. 17.
The priciest and cheapest house sales of 2021 were separated by more than just many millions of dollars.
Southern Nevada logged the most resales on record in 2021, prices have been hitting new all-time highs practically every month, and houses have been trading rapidly.
Frank Nothaft, chief economist with housing tracker CoreLogic, spoke with the Review-Journal about the U.S. market’s trajectory during the pandemic and what might happen next.
The deal’s acreage and dollar amount were on par with, if not higher than, recent full-year land sales totals in the community.
Summerlin and three other Southern Nevada master-planned communities ranked among the 25 top-selling areas in the nation for homebuilders.
Last year’s sales tally topped the previous all-time high by nearly 2,000 transactions, and the median price hit $425,000 in December, also setting a record.
Southern Nevada house prices were up 25.5 percent year over year in October, compared with the U.S. rate of 19.1 percent, according to a new report.
![Fontainebleau signs ‘once in a generation talent’ to residency deal](https://www.reviewjournal.com/wp-content/uploads/2024/06/19296876_web1_EDC-NIGHT-1_051724_002_548767.jpg?h=80)
![‘Mysterious monolith’ found on trail overlooking Las Vegas](https://www.reviewjournal.com/wp-content/uploads/2024/06/19297273_web1_monolithVegas.jpg?h=80)
![Real Water to pay $3B in lawsuit, jury rules, after liver failure outbreak](https://www.reviewjournal.com/wp-content/uploads/2024/06/19297083_web1_realwaterlogo_b6a930.jpg?h=80)
![Las Vegas magician’s rates skyrocket after Magic Castle dustup](https://www.reviewjournal.com/wp-content/uploads/2024/06/19294820_web1_KATS-MURRAY-SAWCHUCK-MAR28-24-MC-014_70e395.jpg?h=80)
![LETTER: One of the biggest cover-ups in American history](https://www.reviewjournal.com/wp-content/uploads/2024/06/19270864_web1_biden-hunter.jpg?h=80)