Category: Las Vegas

LAS VEGAS (KLAS) — With a $7,500 jump in only a month, prices for condominiums and townhomes in Las Vegas set a new high in April at $290,000, passing the August 2023 mark of $287,000. Single-family homes increased by $4,000 to a median price of $469,000 — still $13,000 below the May 2021 record of $482,000. The median price is the one in the middle — half are higher and half are lower. According to figures released Tuesday by Las Vegas Realtors, condos/townhomes have gone up 7.4% compared to prices…

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High-rise condo sales in Las Vegas, led by strength at the Waldorf Astoria, set a record during the first quarter in the average sales price and price per square foot. Research firm Applied Analysis reported there were 162 closings in the 21 high-rise towers tracked January through March — the same number as the first quarter of 2023. What changed, however, was that the average price of $828,902 was 29 percent higher than the $641,181 in the first quarter of 2023. The price per square foot of $613 was 16…

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Led by Lennar as the clear winner as the top homebuilder in the first quarter, the Las Vegas new-home market posted a strong first quarter despite elevated mortgage rates. With more than 1,300 new-home net sales in March — sales minus cancellations — the market surpassed 1,300 for the first time since March 2021. This first quarter is the first time local builders have reported more than 1,000 net sales for three consecutive months since the first quarter of 2022 before mortgage rate increases, according to Las Vegas-based Home Builders…

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