Las Vegas Real Estate News

Summerlin is No. 4 best-selling master-planned community in U.S.

Housing construction continues in Summerlin on Wednesday, Jan. 3, 2018.

Summerlin ended 2017 as the fourth best-selling master-planned community in the nation, according to RCLCO, a real estate consulting company that has been ranking communities since 1994. In 2017, 1,052 new homes were sold in Summerlin, a 37 percent increase over 2016, when it was ranked No. 5. The 22,500-acre Las Vegas community, which started ...

2017 was third-best year on record for existing home sales in Southern Nevada

Housing construction continues in Summerlin on Wednesday, Jan. 3, 2018.

Last year was the third-best sales year on record for Southern Nevada home sales, and the best year for existing local home sales since 2011, according to statistics released today by the Greater Las Vegas Association of Realtors. According to GLVAR, 46,598 properties were sold, compared to 41,720 in 2016. Last year’s total ranks just below the 47,685 sales recorded in 2009 and the record of 48,798 existing local properties sold in 2011, when ...

Realtors group changes name

Housing construction continues in the Skye Canyon area in the northwest part of the valley on Jan. 3, 2018.

The Nevada Association of Realtors unveiled its new name, Nevada Realtors, along with a new logo and tagline on Monday.

Mega-mansion going for $500 million leads huge-house arms race in Los Angeles

The One, a mansion being built by Nile Niami, a B-movie producer-turned-developer, in the Bel-Air neighborhood of Los Angeles, Nov. 27, 2017. When finished, the home will be one of the largest private homes in America.

The property has 20 bedrooms. Seven of them are in a separate building for staff. The largest bedroom is a 5,500-square-foot master suite. It will have its own office, pool and kitchen; like the VIP room, it is ...

Want to rent your room or house? This course could help

File image: Southern Nevada's Ellen Ross charges $80 a night to rent out part of her home through Airbnb.

Listing your home on Airbnb might seem like a simple way to bring in additional income, but there is a lot more to operating a short-term rental than meets the eye. From compliance with local regulations to best practices for managing unruly guests, the learning curve and hurdles facing homeowners who want to rent out their extra bedrooms or homes for profit can be quite steep. That is especially true in a place like Southern Nevada that is still ...

Moving? 72 percent of Las Vegas homeowners at least considering it

In this Aug. 16, 2017 photo, a portion of the Summerlin master-planned community in northwest Las Vegas is seen from the air.

More Las Vegas homeowners are thinking of moving in the next five years than homeowners in Dallas or Phoenix, according to a survey conducted in the three Southwest cities. Tech-based real estate company Opendoor, which recently began buying and selling homes in Southern Nevada, asked homeowners in all three cities if they were ...

‘The Block’ urban core to be centerpiece for Henderson’s new western gateway

A rendering of Sauvage Real Estate’s 103-acre plan calls for retail, residential and hotel space near Henderson Executive Airport.

The plan features an urban core with retail shops topped by residential space. “We have been holding onto this site for several years. We think it’s the best development parcel of this size left in the valley, and the best opportunity to create new lifestyle options for a changing Henderson and all of Las Vegas.”

Quakes and fires? It's the cost of living that Californians can't stomach

Russel Lee, who has been living out of an RV since he lost his home in the Tubbs Fire, in Santa Rosa, Calif., Dec. 12, 2017. For many Californians, natural disasters are a moment to take stock and rethink the dream of living there, but in the end, it almost always comes down to cost.

For more than three decades, California has seen a net outflow of residents to other states, as less expensive southern cities like Las Vegas, Phoenix, Houston and Raleigh, North Carolina, supplant those of the Golden State as beacons of opportunity ...

Why migration has stalled in American cities with the most opportunity

A carpenter works on a new home at a residential construction site in the west side of the valley April 5, 2013. Las Vegas is a lower-wage metro area that can attract people not by its economic prowess but by its supply of lower-cost housing.

The places that are booming in size are not the economic boomtowns — the regions with the greatest prosperity and highest productivity. In theory, we would expect those metros, like the Bay Area, Boston and New York, to be rapidly expanding, as people move from ...

’Tis the season when Southern Nevada home prices level off

A look at Belmonte in Summerlin. The median price of  local single-family homes sold in November was $261,150.

The median price of existing single-family homes sold in November was $261,150, down slightly (0.7 percent) from October, but still up 8.8 percent from November 2016 ...

U.S. homeless count rises, pushed by crisis on the West Coast

A man who identified himself just as Vincent, sorts his belongings outside his tent Friday, Dec. 1, 2017, in Los Angeles. Vincent said he thought he was bulletproof and never had to worry about getting a job as a young man. "Things ain't the way they were anymore." The U.S. Department on Housing and Urban Development release of the 2017 homeless numbers are expected to show a dramatic increase in the number of people lacking shelter along the West Coast.

The nation's homeless population increased this year for the first time since 2010, driven by a surge in the number of people living on the streets in Los Angeles and other West Coast cities ...

Southern Nevada home prices cool, but still up 13.4 percent from 2016

Home prices have been appreciating steadily at about 10 percent annually for the past few years. Although that pace may be cooling heading into the fall, GLVAR President David J. Tina said he still has a positive outlook for the local housing market.

The median price of existing single-family homes in Southern Nevada in October was $263,000, down slightly from September, but still up 13.4 percent from October 2016, according to statistics from the Greater Las Vegas Association of Realtors. ...

It’s not a bubble: Local real estate’s rebound is solid, from sought-after neighborhoods to those hit hardest

House flipping was a hallmark of last decade’s real estate bubble, when investors, backed by easy money, bought homes and sold them for profit a short time later. Few places got as crazed with flipping as Las Vegas.

This summer, Las Vegas home prices rose faster than the national average. But fears of another bubble should be tempered by the improved economic conditions and refined lending practices. Real estate experts ...

Long-dormant Stirling Club to be auctioned next month

The Stirling Club, closed since May 2012, was once a celebrity hangout. It will be auctioned early next month.

The Stirling Club, the long-closed haunt of Las Vegas cognoscenti, will be auctioned early next month. ...

Ground broken on $26 million, 80-bed psychiatric facility in southwest valley

The Behavioral Health Center at Southern Hills Hospital, Sunset Road and Fort Apache Road, is shown in a rendering. Ground was broken on Oct. 26, 2017.

To help address the critical need for more mental health resources in Southern Nevada, a new 80-bed psychiatric facility is on the way. ...