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Builders close best sales month in a year

Lennar retained its top spot as the No. 1 Las Vegas builder and Summerlin remained the top master plan during the first quarter of 2023 as builders closed out March with their best sales in a year despite elevated mortgage rates.

Century Communities unveils Cadence neighborhoods

Cadence continues to welcome families of all lifestyles and sizes with new home options available inside Century Communities’ Glenmore collections.

Sports figures, poker player highlight recent deals

Undefeated boxing champion Devin Haney set to defend his undisputed lightweight title May 20 at MGM Garden Arena paid $4.7 million for a MacDonald Highlands mansion while Golden Knight Alexm Pietrangelo paid $5.32 million for a Summerlin home. Meanwhile, poker player Phil Hellmuth has listed his home in Las Vegas Country Club.

Number of cash buyers for new homes increases

The rise of mortgage rates over the past year has increased the percentage of people who are paying cash for their newly constructed homes, especially at the upper end of the market.

Five homebuying trends to watch

The first-time buyer share of the market dropped to 26 percent over the past year. Historically, first-time buyers make up 40 percent of the homebuying market.

HOA prohibits charging of electric vehicles

Associations that are being planned, developed or under construction have a greater chance of providing the charging stations.

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Downtown Summerlin to host community events

Downtown Summerlin will host two free community events to kick off Asian Pacific American Heritage Month and celebrate the contributions and influence of Asian Americans and Pacific Islander Americans.

Midcentury Vegas cool remembered

One luxury home on the tour was custom-built by casino executives Frank and Shirlee Schivo. In October 1952, they opened and operated the Sahara, and, according to their son, were hands-on and would greet guests.

Is the sky falling in Las Vegas real estate? Absolutely not

While many comment on the fact that fewer homes were sold than a year ago, most are failing to state that a year ago, our market was still seeing unprecedented highs north of 26 percent increase in home prices year over year. This is something we have never witnessed in our lifetime and was not sustainable. So, are we experiencing a decline in home sales from one year earlier? Absolutely we are. Is the sky falling? Absolutely not.

New excess water use charge now in effect

With federal water shortages on the Colorado River continuing to impact how much water Southern Nevada can withdraw from Lake Mead, the Las Vegas Valley Water District has enacted an excess use charge aimed at reducing unnecessarily high-water use for residential customers.

REAL ESTATE BRIEFS: APRIL 15

The Penta Building Group and its strategic partner All 5’s Construction commenced a multi-city safety tour, hosting three major events bringing together more than 1,000 construction professionals.

Skye Canyon to host Skye Stars April 29

In celebration of this spring’s International Astronomy Day, Skye Canyon’s eighth annual Skye Stars stargazing event with the Las Vegas Astronomical Society (LVAS) is set for April 29 at Skye Canyon Park.

Tri Pointe Homes

Tri Pointe Homes is donating $4,500 to help offset the expenses the Neal Mighty Mustangs FIRST LEGO Challenge Team will incur as they travel to the international robotics competition.

Celebrate Earth Day in Summerlin

Celebrate Earth Day throughout Summerlin next weekend with two days of fun and lively events including the return of the Giant Student Farmers Market and Tour de Summerlin.

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