Las Vegas Real Estate News

Record number of homes sold in 2021 in Las Vegas area

A sign advertises a home for sale in the northwest valley, Thursday, Jan. 9, 2020.

A record 50,010 residential properties were sold in Southern Nevada in 2021, according to a report today from Las Vegas Realtors. That breaks the previous high mark established in 2011 by nearly 2,000 sales, the group said. And it smashes the total of 41,155 sales in 2020. The record number of sales occurred despite ...

6 January 2022
By Ray Brewer

Program takes first steps toward closing racial gap in homeownership in Las Vegas

In the Las Vegas metropolitan area, the homeownership rate for Blacks was 28% in 2019, according to the U.S. Census Bureau, about 33 points lower than that of the area’s white population.

Partners within the coalition include the city of Las Vegas, the Las Vegas Urban Chamber of Commerce, the Nevada Housing Division and the National Association of Real Estate Brokers.

13 December 2021
By Bryan Horwath

Public-private effort could mean new homes as low as $208K for working Vegas families

Todd Stratton, president at Kavison Homes, stands at the future site of an affordable single-family home development in Mountain's Edge, Thursday, Oct. 28, 2021.

This public-private partnership will provide affordable home-ownership opportunities for families that earn less than the Las Vegas median income ...

31 October 2021
By Bryan Horwath

New owner vows to keep Pioneer Saloon’s history alive in Goodsprings

Owner Stephen Staats, also known as Old Man Liver, poses by the bar at the Pioneer Saloon in Goodspings, Nev. Wednesday, Oct. 13, 2021.

With his gold and black sport coat, cowboy hat and tie featuring a silhouetted exotic dancer, Old Man Liver was in full character at this century-old saloon in the Nevada desert.

19 October 2021
By Bryan Horwath

As home-rental prices soar in Las Vegas, tenants are feeling the pressure

Erika Castro, organizing director at Progressive Leadership Alliance of Nevada, is shown Thursday, Aug. 5, 2021. Her family is among those facing hardships because of the pandemic, loss of employment and rising housing costs.

Erika Castro was forced to move out of her home of five years during the pandemic. Castro shared the home with her mother, her mother’s partner — both of whom are undocumented immigrants from Mexico — and brother. The rent was $980 a month ...

10 August 2021
By Arleigh Rodgers

Vegas Inc presents Inaugural Real Estate Awards

Vegas Inc presents Inaugural Real Estate Awards

Vegas Inc presents our first-ever Real Estate Awards to acknowledge the many roles found within the industry.

29 July 2021
By Jennifer Inaba

Cash further squeezes an already tight Southern Nevada housing market

Vivek Sah is director of UNLV’s Lied Center for Real Estate.

As Southern Nevada’s frenzied seller’s market continues, a new concern about the area’s housing market has emerged. More buyers, according to the latest statistics from the Las Vegas Realtors trade group, are closing deals with cash. In May, 31% of all existing homes sold in the Las Vegas area were purchased with cash ...

21 June 2021
By Bryan Horwath

Las Vegas housing market expected to remain hot through end of the year, at least

Realtor Aldo Martinez poses for a photo at a house he recently sold in Henderson, Friday, April 30, 2021.

As the longtime real estate agent walked the first floor of the three-bedroom home in Henderson, he pondered events of the past year, which have led to an ultra-tight Las Vegas Valley housing market. “It’s insane,” said Aldo Martinez, president of the Las Vegas Realtors trade organization and an agent with ...

24 May 2021
By Bryan Horwath

Median home sales price in Las Vegas hits record high

A sign advertises a home for sale in the northwest valley, Thursday, Jan. 9, 2020.

The Las Vegas Valley existing home market continues to be unflinchingly in seller’s territory. Aldo Martinez, president of the Las Vegas Realtors trade group, said there was less than a one-month supply of preowned homes on the market at the end of February. A six-month supply is ...

8 March 2021
By Bryan Horwath

Vegas Realtor on a mission to close the homeownership gap for Black Americans

Legacy Home Loans President Ben Slayton

The homeownership rate for Blacks was just 44%, a little more than 30 percentage points lower than the rate for white Americans.

8 March 2021
By Bryan Horwath

Firm acquires Drew Las Vegas with plans to finish stalled resort project

A view of The Drew Las Vegas (formerly Fontainebleau Las Vegas) Friday, Jan. 10, 2020.

A well-funded real estate firm has announced a deal to acquire a stalled casino-resort development on the north end of the Strip. Koch Real Estate Investments, an arm of Koch Industries, said it is teaming with Fontainebleau Development to complete the Drew Las Vegas, a long-planned ...

12 February 2021
By Bryan Horwath

Las Vegas Sands Corp. should draw plenty of interest for Strip properties, analyst says

A view of the Palazzo and the Venetian, with green letters in honor of Earth Day, on the Las Vegas Strip Wednesday, April 22, 2020.

The list of potential suitors that may be interested in buying the Venetian, Palazzo and Sands Expo and Convention Center is filled with big industry players, according to one analyst. Chad Beynon, gaming and lodging analyst with Macquarie Group Limited, said ...

11 November 2020
By Bryan Horwath

With supply tight, Las Vegas home prices hit all-time high

A sign advertises a home for sale in Southern Highlands, Thursday, Jan. 9, 2020.

The median sale price of existing homes in the Las Vegas area grew to record high $337,250 in September, an increase of 9% from September of last year ...

6 October 2020
By Bryan Horwath

Las Vegas home prices set record amid pandemic

A house is shown for sale Tuesday, Feb. 9, 2016, in Las Vegas.

The median sale price of an existing home in Southern Nevada hit $335,000 in August, a new record. The previous record ...

9 September 2020
By Bryan Horwath

Amid pandemic gloom, Las Vegas housing market 'on fire'

A sign advertises a home for sale in Southern Highlands, Thursday, Jan. 9, 2020.

In the face of the COVID-19 pandemic, Southern Nevada home prices continued to inch higher in July, according to a new report. The median price ...

6 August 2020
By Bryan Horwath
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