Las Vegas Real Estate News

Southern Nevada real estate pros reinvent the way they do business during pandemic

Uri Vaknin, a partner at KRE Capital

As the COVID-19 pandemic continues to cause upheaval and uncertainty in Southern Nevada's economy, Vegas Inc takes a look at the local real estate market. Uri Vaknin, a Downtown Las Vegas condominium developer, spoke with us about the challenges the real estate market has faced, and how it has adjusted.

3 August 2020
By Bryan Horwath

More Americans signed contracts to buy homes in June

In this Sept. 3, 2019, file photo, a sign rests near a piece of earth-moving equipment on a plot of land, in Westwood, Mass.

The number of Americans signing contracts to buy homes rose for the second straight month after a devastating spring freeze brought on by the coronavirus outbreak.

29 July 2020
By Matt Ott, Associated Press

Las Vegas-area home prices unfazed by pandemic

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

“The demise of the housing market due to COVID-19 was highly overrated. The Las Vegas housing market is alive and well."

7 July 2020
By Bryan Horwath

Report: Las Vegas home sales cut in half because of pandemic

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

When the coronavirus pandemic began in earnest in March, the Las Vegas real estate market was able to hold steady, thanks in part to an abundance of sales already in the pipeline. But, now more than two full months in, it’s clear that COVID-19 has halted the home-buying process. Las Vegas Realtors this ...

8 June 2020
By Justin Emerson

How will the pandemic impact the Las Vegas housing market?

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

Demand for houses has remained robust through the first months of the coronavirus crisis, with bidding wars on many properties, some Las Vegas area ...

1 June 2020
By Justin Emerson

April house sales fall 31% in Las Vegas amid pandemic

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

Sales of existing houses in the Las Vegas area fell more than 30% in April compared to the same month last year, while prices dipped ...

6 May 2020
By Bryan Horwath

Q+A: Apartment industry lobbyist talks about coronavirus challenges

A view of the City Center Apartments at 811 E Bridger Ave. in downtown Las Vegas Wednesday, April 10, 2019.

Susy Vasquez, executive director of the Nevada State Apartment Association, recently talked to Vegas Inc about what the order means for landlords and tenants. The association represents 667 communities with about 142,000 housing units.

6 April 2020
By Bryan Horwath

Las Vegas Justice Court suspends eviction cases; groups seek statewide moratorium

A Kee Blok "donut" is shown over a door knob after an eviction Tuesday, Jan. 22, 2013. Kee Bloks are devices for blocking the access to the doorknob so the evicted tenant cannot return to the apartment.

The Las Vegas Justice Court is suspending eviction proceedings effective Tuesday for at least 30 days ...

17 March 2020
By Miranda Willson

Realtors group president expects a strong 2020 for Las Vegas market

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

Existing home prices dipped last month in Southern Nevada but remained above $300,000, according to the latest numbers from the Greater Las Vegas Association of Realtors. The median sale price for a home in January was $305,000, according to a report from the GLVAR’s Multiple Listing Service. That’s down ...

7 February 2020
By Bryan Horwath

Airbnb stays up 19% last year in Clark County

In this Feb. 22, 2018, file photo Airbnb co-founder and CEO Brian Chesky speaks during an event in San Francisco.

Airbnb stays in Clark County increased by 19% last year compared to 2018, even though residential short-term rentals are illegal in much of the valley. Guest arrivals in Clark County totaled ...

28 January 2020
By Bryan Horwath

Las Vegas housing market expected to remain sound, stable

A for sale sign stands in front of a bank-owned home in Las Vegas in 2008.

The Las Vegas housing market continues to ride a wave of stability as the median price for an existing single-family home in Southern Nevada last month was just under $313,000. That represents a 6% jump from December 2018 and a rise from about $307,000 in November of last year. The all-time high for ...

7 January 2020
By Bryan Horwath

New report predicts strong Las Vegas housing market

This 2016 photo shows a Las Vegas home for sale.

The National Association of Realtors on Wednesday predicted the Las Vegas housing market would likely overperform over the next several years, contradicting a recent ...

12 December 2019
By Bryan Horwath

Buyer to rent out Palms Place penthouse, install helicopter pad

A buyer recently paid more than $12 million for Phil Maloof's 25,000-square-foot penthouse at Palms Place in Las Vegas.

A glitzy Las Vegas penthouse at Palms Place recently sold for $12.5 million and will soon be available for rent. Las Vegas businessman Bryan Ercolano purchased the condo and plans to rent it out for ...

13 November 2019
By Bryan Horwath

October numbers show little change in Las Vegas housing market

A for-sale sign is seen for a home near South Buffalo Drive, Thursday, Dec. 21, 2017.

The report showed that the median price for an existing home in the Las Vegas area was $307,000 last month, down just slightly from September, but up more than 4% from October 2018. The all-time high for the area was $315,000 in June 2006, just before the Great Recession when ...

6 November 2019
By Bryan Horwath

Home prices approach all-time highs for Southern Nevada

A for-sale sign is shown Dec. 2, 2011, in the Lakes neighborhood of Las Vegas.

The median price for an existing home in the Las Vegas area at the end of September was $310,000, according to a report released today by the ...

8 October 2019
By Bryan Horwath
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