Las Vegas Real Estate News

Could area near the Raiders stadium in Vegas be next Gaslamp Quarter?

StayBridge Suites overlooks the construction site for the future Las Vegas Raiders' Stadium, Thursday Feb 8, 2018.

The area is mainly home to industrial, automotive and small businesses, but as land and property values rise, as the anticipated summer 2020 completion of the 65,000-seat, $1.9 billion stadium project gets closer, the landscape is expected to change ...

12 February 2018
By Mick Akers

Tight housing market expected to keep driving prices up

An exterior view of the Allure condo tower on Sahara Avenue on Monday, July 15, 2013.

The inventory of condominiums listed for sale in the Las Vegas area is the smallest it has been since 2004. A reported 634 condos and townhomes were listed without offers at ...

8 February 2018
By Ray Brewer

Nevada couple uses law to take possession of abandoned home

A Reno couple used a little-known law to take possession of an abandoned home in an older, upscale part of town where similar brick, Tudor-style homes are selling for more ...

5 February 2018
By Associated Press

Under new tax law, affordable rents may take a hit

A view of an affordable housing complex being built by Nevada HAND on Boulder Highway near Desert Inn Road Monday, Jan. 23, 2017.

According to an analysis, the new tax law will reduce the growth of subsidized affordable housing by 235,000 units over the next decade, compounding an existing shortage ...

21 January 2018
By Conor Dougherty, New York Times News Service

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 ...

10 January 2018
By Las Vegas Sun Staff

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 ...

9 January 2018
By Las Vegas Sun Staff

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.

8 January 2018
By Las Vegas Sun Staff

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 ...

28 December 2017
By Candace Jackson, New York Times News Service

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 ...

27 December 2017
By April Corbin

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 ...

26 December 2017
By Thomas Moore

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 ...

13 December 2017
By Conor Dougherty, New York Times News Service

‘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.”

13 December 2017
By Mick Akers

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 ...

12 December 2017
By Emily Badger, New York Times News Service

’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 ...

6 December 2017
By Las Vegas Sun Staff

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 ...

6 December 2017
By Christopher Weber and Geoff Mulvihill, Associated Press
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