In recent months, we have seen an increase in the number of people paying cash for their newly constructed homes. This is more pronounced at the upper end of the market. As of July 2022, only 14 percent of new-home buyers used cash to purchase their homes, according to Las Vegas-based Home Builders Research. Despite […]
Market Reports
THE HOUSING MARKET IN LAS VEGAS STAYS STEADY
The history of the housing market in Las Vegas is prone to peaks and valleys, however, LVR (Las Vegas Realtors) shows local home prices have been remarkably stable so far this year. The good news is that the LVR reported the median price of existing single-family homes sold in Southern Nevada through its MLS during […]
2023 THE YEAR OF RESTORING BALANCE IN THE HOUSING MARKET IN LAS VEGAS
The housing market in Southern Nevada has always been a huge part of the economy. After all, owning a home is the American dream, and for most of us, it’s the biggest single investment we make. It is quite understandable many people get concerned when market conditions change, especially when this swing seems sudden. This […]
AGE-QUALIFIED NEIGHBORHOODS OFFERED IN SUMMERLIN
Summerlin, the award-winning master-planned community on the western edge of Las Vegas, offers three actively selling 55-plus neighborhoods. There are over 20 floor plans developed exclusively for active adults and empty nesters looking for a home that fits their needs. These communities offer easy-maintenance homes, lots of social events and activities, and opportunities to build […]
LAND VALUES ON THE STRIP ARE GOING HIGHER
When Genting Group, the casino giant, bought a suspended project site on the north Strip, it gave hope for activity on this sleepy section of Las Vegas Boulevard. Oh, and by the way -it also showed a steep plunge in property values for the famed casino corridor. The announcement was made on March 4, 2013, […]
BUNGALOW SOLD FOR $14.5 MILLION LEADS NEW HOME LUXURY
Mark Wahlberg bought a $14.5 million home, and that sale leads the Las Vegas new-home luxury market, which has not shown any sign of slowing down despite rising mortgage rates. Las Vegas-based Home Builders Research reports there were 544 closings of new homes worth $1 million during 2022, a 26 percent increase over the 432 […]
