Las Vegas Real Estate News

Foreclosures on the downswing in Las Vegas, report shows

Foreclosure notices decorate the front door and windows of an abandoned home in North Las Vegas, Tuesday, June 14, 2016. This house sold for $315,000 in June 2006.

Foreclosures slowed in Las Vegas during the first half of the year, but lenders still targeted delinquent homeowners more often here than ...

13 July 2016
By Eli Segall

Selling a relic: Site of failed boom-era tower complex remains on market

A look at the Spanish View Tower site, an abandoned, 15-acre, partially built property in southwest Las Vegas on July 7, 2016.

Jack Woodcock has sold houses, developed office buildings and owned retail properties. But over his four-decade real estate career in Las Vegas, he’s never owned anything as big or expensive as his 12-acre hole in the ground in the Las Vegas suburbs. It’s 40 to 50 feet deep and ...

13 July 2016
By Eli Segall

Slow times on Billionaires’ Row as the 8-digit boom fizzles

The view of Central Park West from the great room of a 45th floor apartment in New York, July 8, 2016. The market for real estate costing $10 million or more has been flooded just as market turmoil and government regulation have discouraged wealthy buyers.

New York City’s ultraluxury real estate frenzy — with its sky-piercing condominium towers and $100 million price tags — has finally come to an end ...

12 July 2016
By Michelle Higgins, New York Times News Service

Swanky amenities mark apartment surge in Las Vegas, but does demand match the supply?

South Beach, a luxury apartment complex, is being built in southwest Las Vegas, the most popular place for new apartments these days.

A swanky pool area. A sand volleyball court. A dog spa. South Beach, an apartment complex under construction in southwest Las Vegas, plans to offer those perks and more, including fire pits, cabanas, a sports field and outdoor movies. Its name conjures images of people cruising the sand and partying in nightclubs in Miami Beach — never mind the project’s actual ...

11 July 2016
By Eli Segall

'Strong summer': Las Vegas home sales, prices heat up

This February 2016 photo shows a house for sale in the Las Vegas Valley.

Las Vegas home prices last month rose from May and sales totals climbed even faster, a new report shows. The median sales price of previously owned single-family homes in Southern Nevada in June was $235,000, up 2.7 percent from May and ...

8 July 2016
By Eli Segall

Rita Rudner sells oceanfront house seen in YouTube spoof for $8.3 million

Media night with Rita Rudner at the Venetian on Jan. 24, 2011.

Rita Rudner just sold a five-bedroom house in Dana Point, Calif., with panoramic ocean views for $8.3 million — no joke. But her YouTube home tour, a spoof on selling a house, is full of them ...

30 June 2016
By Marilyn Kalfus, The Orange County Register (TNS)

Property with a past: Lot with ties to Las Vegas criminals goes on the market

The late Sante Kimes, shown testifying in 2004 during her murder trial in Los Angeles, lived at 2121 Geronimo Way in Las Vegas for several years. Now, years after the home was razed after being damaged in an arson, the lot where the home once stood is for sale. Kimes was charged with killing Los Angeles businessman David Kazdin in 1998. Her son, Kenneth Kimes, pleaded guilty to the murder and testified against her in a deal with prosecutors to avoid the death penalty.

A passer-by wouldn't know it, but the vacant lot for sale at 2121 Geronimo Way has an infamous history. It's linked to notorious mother-and-son grifters Sante and Kenneth Kimes, who were ...

29 June 2016
By Eli Segall

Why are high-rises missing from the construction rebound in Las Vegas?

A view of the former Spanish View Tower development site on West Maule Avenue, near Durango Drive and I-215, is shown Thursday, June 16, 2016.

Southern Nevada’s once-pummeled construction industry has bounced back from the depths of the recession, with builders putting up housing tracts ...

27 June 2016
By Eli Segall

Goal of owning home still strong, and 8 other housing trends

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.

Americans still want to own homes — if they can afford to. That's the finding of a report being released Wednesday by the Harvard University Joint Center for ...

22 June 2016
By Josh Boak, Associated Press

Ten years after: Looking back at homes sold during bubble era’s peak

Foreclosure notices decorate the front door and windows of an abandoned home Tuesday, June 14, 2016, in North Las Vegas. This house sold for $315,000 in June 2006.

Las Vegas’ housing bubble reached its most bloated point 10 years ago this month, at least by one gauge: resale prices hit their peak. In June 2006, the median sales price of previously owned single family homes in Southern Nevada rose to $315,000, according to the Greater Las Vegas Association of Realtors. Prices eventually plunged 63 percent to a low of $118,000 in January 2012, after the bubble burst and ...

16 June 2016
By Eli Segall

In North Las Vegas, squatting problem prompts coordinated crackdown

A view through a window of a vacant home that had been occupied by squatters Wednesday, May 18, 2016, in North Las Vegas.

North Las Vegas, arguably more prone to squatters than much of Southern Nevada, is using a multipronged approach to curb the problem: Police, code enforcement and utilities officials say they’re working ...

10 June 2016
By Eli Segall

Fewer Las Vegas homes sell, but prices are higher

A realty sign is posted in front of home in the Lakes neighborhood of Las Vegas, Dec. 2, 2011.

After nearly a year of flat prices, Las Vegas houses sold at a noticeably higher level last month amid shrinking sales totals ...

7 June 2016
By Eli Segall

Canine crazy: Las Vegas makes list of top American cities for dogs

Big Mac, a four-year-old, Bull Mastiff mix, rests with his owners at the Lazy Dog Restaurant & Bar's Dog Friendly Patio in Downtown Summerlin Sunday, Feb. 7, 2016. The Clark County Health District has started providing waivers to restaurants that want to create dog-friendly patios as long as the restaurants meet certain requirements.

Woof it up, Las Vegas: The city has been recognized as one of America's top communities for dogs. Realtor.com listed Las Vegas at No. 3 in its list of ...

7 June 2016
By VEGAS INC Staff

Las Vegas mansion rented by Michael Jackson for sale for $9.5 million

A view of the Las Vegas estate Michael Jackson leased at 2710 Palomino Lane.

The Las Vegas mansion where pop icon Michael Jackson once lived is up for sale for $9.5 million. The 1.7-acre compound, dubbed "Thriller Villa," with seven bedrooms and 12 full bathrooms is at 2710 Palomino Lane, near Rancho and Alta drives. The 24,000-square-foot home features recording studio facilities, elevators leading to ...

3 June 2016
Associated Press

In Las Vegas, house flipping remains frequent but less profitable

A for sale sign stands outside a bank-owned home in North Las Vegas, Feb. 18, 2009.

Investors are flipping houses at a faster pace in Las Vegas than in most metro areas, but their profit margins are smaller here compared to ...

1 June 2016
By Eli Segall
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