Las Vegas Nevada

Las Vegas home prices continue higher, inch toward all-time high – KTNV 13 Action News Las Vegas

LAS VEGAS (KTNV) — The median price of a home in Las Vegas keeps inching toward and all-time, according to a report released Wednesday. Las Vegas Realtors, a real estate agent trade group in Southern Nevada, reports that the median price for an existing home in the area was $473,000 in May, a 7% increase from the same month in 2023. Home prices are now closing in on the all-time record median price of $482,000, a mark that was set in May 2022. As for condos and townhomes in the…

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Las Vegas Nevada

Meet the Real Clem Ziroli III: One of Las Vegas’ Most Influential Young Entrepreneurs – EIN News

Clem Ziroli III, 25-year-old Real Estate Asset Manager and Investor. Clem Ziroli III Meet Clem Ziroli III, the real face behind Las Vegas’ booming real estate market and a passionate advocate for community-focused politics. We need legislators who understand housing. Our current legislators don’t understand real estate, they don’t understand finance, or how to address Nevada’s affordable housing crisis.” — Clem Ziroli III LAS VEGAS, NEVADA, USA, June 6, 2024 /EINPresswire.com/ — Clem Ziroli III is not just a name making headlines in both the real estate and political arenas;…

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Las Vegas Nevada

Condo prices jump $5,000 in May as Las Vegas housing market sizzles – KLAS – 8 News Now

LAS VEGAS (KLAS) — Rising prices for Las Vegas condominiums and townhomes continued in May, pushing prices even higher after setting an all-time record in April. The median price for a condominium increased to $295,000 last month, up $5,000 over April’s mark, according to figures released by Las Vegas Realtors (LVR). Single-family home prices jumped by $4,000 in May, with the median price rising to $473,000. That’s $9,000 below the record set in May 2022. Overall, median prices are up 7.3% for condos/townhomes and 7.0% for homes compared to May…

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Las Vegas Nevada

Condo prices jump $5,000 in May as Las Vegas housing market sizzles – Yahoo Finance

LAS VEGAS (KLAS) — Rising prices for Las Vegas condominiums and townhomes continued in May, pushing prices even higher after setting an all-time record in April. The median price for a condominium increased to $295,000 last month, up $5,000 over April’s mark, according to figures released by Las Vegas Realtors (LVR). Single-family home prices jumped by $4,000 in May, with the median price rising to $473,000. That’s $9,000 below the record set in May 2022. Overall, median prices are up 7.3% for condos/townhomes and 7.0% for homes compared to May…

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Las Vegas Nevada

Two remodels completed in Canyon Gate – Las Vegas Business Press

NV Capital Corp. announced the completion of two “fix-and-flip” projects within the Canyon Gate Country Club community in the heart of Las Vegas. One of the projects is at 8740 Rainbow Ridge Drive. The renovated single-family home spans 3,146 square feet and includes new flooring, countertops and cabinets. Construction was completed in a three weeks. The second project is at 2317 Timberline Way. The single-family residence spans across 3,663 square feet. The revitalization efforts included new flooring, countertops, cabinets and exterior stucco/paint. Construction began immediately after closing on the property…

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Las Vegas Nevada

‘Vegas Realty Check’ Podcast Gives Inside Look Into Vegas Real Estate Market – KTNV 13 Action News Las Vegas

The “Vegas Realty Check” podcast is a weekly podcast hosted by Trish Williams and Tiana Carroll featuring Las Vegas real estate news updates, market inventory stats, live Q & A and monthly community spotlights. The podcast air on Thursday morning at 9:30 a.m., streams live on Facebook and can be downloaded on most podcast platforms. For more information, click here. This segment is paid for by Vegas Realty Check Podcast

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Las Vegas Nevada

Living in Las Vegas: A local perspective – Las Vegas Review-Journal

In recent years, Las Vegas has emerged as an attractive destination for relocation, offering much more than just the allure of the Strip. From diverse industries to a vibrant cultural landscape, Las Vegas is the up-and-coming destination for all seasons of life. At huntington &ellis, A Real Estate Agency, our relocation department is often approached with inquiries about the appeal of moving to this city. When potential homebuyers are considering relocating, they usually come to us with the stereotypes that have been portrayed around Vegas since its foundation. However, beyond…

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Nevada

Price Drops Hit Highest Level in 18 Months As High Rates Dampen Buyer Demand – Redfin News

More home sellers are cutting their asking price, suggesting sale-price growth could soften in the coming months. But this week, the median sale price rose to another record high, pricing out some buyers.  Nationwide, 6.4% of home sellers cut their asking price during the four weeks ending May 26, on average, the highest share since November 2022. The median asking price dropped roughly $3,000 to $416,623 in the last week, the first decline in six months. Additionally, for-sale supply is growing more stale: Age of inventory (the number of days…

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Nevada

Skyrocketing rents and home prices may be pivotal in the 2024 election – The Washington Post

LAS VEGAS — D. Carter paid $1,525 for rent, cable and WiFi for her one-bedroom apartment until her monthly rent jumped to $2,100 last year. Unwilling and unable to pay the new rate, Carter, who spoke on the condition that her first name not be used, considered buying but quickly realized that with interest rates hovering around 7 percent, she was priced out. She found a new apartment in a decent part of town after months of searching, but said she still pays up to 50 percent of her fluctuating…

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Las Vegas Nevada

Confluence of factors keeps luxury home market hot in Southern Nevada – Las Vegas Sun

Courtesy A view of the Las Vegas Strip from a SkyVu model home in Henderson Wednesday, May 1, 2024. Photo Courtesy of Christopher Homes By Katie Ann McCarver (contact) Tuesday, May 28, 2024 | 2 a.m. The homes in this luxury real estate community boast an unadulterated view of the Strip, 72-inch fireplaces, and — in some cases — aesthetic wine lockers, recreational rooms where residents can shoot pool and vanities with mirrors ringed in halos of light. The houses are cropping up in the hillside of MacDonald Highlands, a luxury…

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Las Vegas Nevada

Las Vegas builders optimistic about market – Las Vegas Business Press

Las Vegas new homebuilders are optimistic about the market after recording their best three-month stretch since interest rates started rising in 2022. The 3,422 net sales in the first quarter — sales minus cancellations — surpassed the 2,659 in the first quarter of 2023 and fell just below the 3,478 in the first quarter of 2022. Thirty-year fixed interest rates started 2022 at 3 percent and surpassed 4 percent in March before reaching 7 percent in November 2022. After dipping at the end of 2023, rates are back over 7…

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