Las Vegas Real Estate News

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. ...

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. ...

Boulevard mall investors buy Sears building, in talks to develop parking lot

A view of the Sears store in the Boulevard mall Wednesday, Oct. 25, 2017. Sears sold its building to the mall but continues to operate the store.

Sears Holdings Corp. sold its building at the Boulevard mall to a group of investors earlier this month, clearing the way for development of the massive parking lot around the store. The Sears store is not going anywhere. As part of the sale, the new owners are leasing the space back ...

Enclave special events venue marks opening with shooting victim fundraiser

The Enclave, a multipurpose special events venue on Eastern Avenue near Russell Road, features the Vivace Rooftop Deck.

Enclave, a three-story 75,000-square-foot multi-purpose special events venue on Eastern Avenue near Russell Road, will mark its completion on Thursday night with the opening of its 5,000-square-foot Vivace Rooftop Deck. ...

Howard Hughes Corp. to build Summerlin ballpark for 51s

A rendering of the southeast view of the Las Vegas Ballpark, being designed by HOK and developed by the Howard Hughes Corp. in Downtown Summerlin to house the Las Vegas 51s.

Years of delays and doubts about the new ballpark sought by the Las Vegas 51s vanished today with the announcement of plans for a Downtown Summerlin stadium. Howard Hughes Corp. ...

Southern Nevada home prices continue to rise in September

The Greater Las Vegas Association of Realtors said the median price of existing single-family homes sold during September was $265,000, up 13.5 percent from September 2016.

Home prices continued to rise while the number of home sales stabilized in September, according to statistics provided by the Greater Las Vegas Association of Realtors on Friday. ...

UNLV technology park expects to construct third building soon

A rendering shows plans for a new building at the Harry Reid UNLV Research & Technology Park.

The UNLV Harry Reid Research & Technology Park in the southwest valley appears ready to begin construction on a new building. Representatives of the ...

Commercial real estate markets: A new normal?

An unanswered question for Southern Nevada commercial real estate markets is whether they will recover to the typical vacancy rates enjoyed before the Great Recession or to some “new normal” as a result of the severe downturn. This is an important issue for developers who are planning to add to the stock of commercial real estate here. ...

Life is good for home sellers, not so much for buyers, August stats show

The Greater Las Vegas Association of Realtors said the median price of an existing single-family home in August  —   $260,000 — was 10.6 percent more expensive than August 2016.

August was good for home sellers in Las Vegas, but not so great for buyers. In general, the statistics show home prices ...

Las Vegas lags in number of new rich ZIP codes, but sales of pricey homes are rising

Chumlee of "Pawn Stars" fame put his five-bedroom, 6,206-square-foot Las Vegas house on the market earlier this year with an asking price of $1,849,900. Zillow reported this week that Las Vegas has created only one neighborhood where at least 10 percent of the homes are worth seven figures since 2014.

Las Vegas is near the bottom of another list; this time, it’s the number of super-rich neighborhoods created in the last three years. According the real estate website Zillow.com ...

Reno rent market at record-high prices, near-zero vacancy

The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City ...

Reno median home prices set record, Sparks homes follow

Reno median home prices continue to climb, with Sparks homes trailing closely ...

Post Faraday, North Las Vegas relies on rapid industrial growth

A sign advertises industrial land near Interstate 15 and Highway 93, north of Las Vegas Wednesday, Feb. 17, 2016. With Faraday Future halting plans to build in the Apex Industrial Park this month, North Las Vegas is looking to sustain burgeoning growth in industrial real estate.

Beset by damaging economic news in recent weeks, North Las Vegas can find comfort in its continuing industrial real estate boom. The announcement by embattled carmaker Faraday Future that ...

Foreclosure prevention lifeline again available to Nevadans

Nevada homeowners facing financial difficulties can once again take advantage of a foreclosure prevention lifeline offered by the state. The foreclosure mediation program allows homeowners to sit down with ...

Black homeowners struggle as US housing market recovers

In this Nov. 9, 2015, file photo, Pastor Yul Dorn poses for a portrait inside his home, where he was facing eviction due to foreclosure in San Francisco's Bayview-Hunters Point district. Dorn and his wife expect to join the growing ranks of African-Americans who do not own their homes, a rate that was nearly 30 percentage points higher than that of whites in 2016, according to a report by Harvard University's Joint Center for Housing Studies.

Yul Dorn and his wife raised their son and daughter in a three-bedroom home crammed with family photos, one they bought in a historically African-American neighborhood in ...