Builders booked 962 net sales in Summerlin through the first half of the year, up 50 percent from the same stretch in 2020.
red hot housing
Las Vegas-area home prices were 30 percent to 34 percent overvalued in the first quarter, highest among the 50 most-populated metro areas in the nation, according to Fitch Ratings.
San Diego developer Lansing Companies recently closed a land purchase for a community called Prado Ranch.
More than 3,500 single-family homes changed hands last month in Southern Nevada, according to a new report from trade association Las Vegas Realtors.
Las Vegas Boulevard is known for its towering hotel-casinos, though several miles south of the tourist corridor, closer to the M Resort, the street is lined with sprawling tracts of desert.
Nearly 87 percent of previously owned single-family homes that sold in May had been on the market for 30 days or less, up from about 64 percent of the house sales in January.
Builders reported 1,085 net sales in Southern Nevada in May, the second consecutive month-to-month drop and the lowest tally this year.
Anthony Hsieh, founder of mortgage firm LoanDepot, bought a newly built mansion in the Henderson foothills.
U.S. homebuilders’ sales fell to its slowest pace in a year last month, and resales dropped for the fourth consecutive month. And it’s no different in Southern Nevada.
A spread of land once owned by Siegfried Roy is now home to a rare sort of real estate project in Southern Nevada: an infill housing tract.
The typical rental rate of a Las Vegas-area home shot up 17 percent year-over-year in May.
Southern Nevada’s housing market is dominated by single-family homes, but there are plenty of condos and townhouses, which have also sold rapidly amid Las Vegas’ homebuying frenzy.
Resale totals have fallen the past two months, and available inventory has climbed for three straight months as house prices keep setting all-time highs.
Buyers picked up 3,189 previously owned single-family homes — the bulk of the market — in May, down 9.6 percent from April but up 87.3 percent from May 2020, a new report shows.
Fueled by cheap money, housing markets across the country have accelerated with rapid sales and rising prices.
A penthouse near the Strip has traded hands, fetching the highest price in Nevada history for a condo, the listing brokerage said Thursday.
After opening in the middle of the pandemic, a luxury Las Vegas apartment complex has been sold for a fortune.
Home prices in Southern Nevada were up 10.6 percent year-over-year in March, below the national rate of 13.2 percent, a new report says.
More than 50 percent of Las Vegas-area homes that sold in April got picked up within a week of going on the market.
Real estate pros point out that there are key differences between today’s hot streak and the doomed housing market frenzy of a decade-and-a-half ago.