Nevada

Oscar De La Hoya Is Seeking $20 Million for His All-New Nevada Mansion – Robb Report

Oscar De La Hoya didn’t even give the golf simulator in his new man cave time to warm up before deciding to flip his sprawling Las Vegas mansion tucked away in the hillside community of Henderson back on the market. The ask is an impressive $20 million, or a whopping $5.4 million more than the former boxing champ and current boxing promoter doled out less than two years ago for the then-unfinished spread. Records show De La Hoya paid $14.6 million in cash for the property in spring 2022 while it was…

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Nevada

Investors are scooping up 1 in 5 homes sold in the housing market and making more money than before – Fortune

At the start of last year, investors pulled back; their home purchases plummeted almost 50%, according to Redfin, not too far off from existing home sales, which as we know fell to their lowest point in almost 30 years.  It was a change from their activity throughout the pandemic-fueled housing boom though. At that time, investor home purchases more than doubled. Everyone was buying homes because mortgage rates were historically low and remote work became a thing. It all changed when mortgage rates soared, and in some areas, home values…

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Las Vegas Nevada

Real Estate Market Eyes Youth Sports Facilities as Anchor For New Mixed-Use Developments Reports Sports Facilities … – PR Newswire

Industry Leading Firm Reports Marked Increase in New Developments Nationwide CLEARWATER, Fla., May 15, 2024 /PRNewswire/ — From rural Illinois to North Las Vegas, a trend has emerged among savvy real estate developers who are partnering with municipal leaders to capitalize on the continued ‘boom’ of the youth travel sports marketplace. The trend? Look beyond the walls or fields of a youth sports mega-plex to the surrounding real estate and create a genuine travel destination complete with new restaurants, retail shopping experiences, and on-site hotels. The Sports Facilities Companies (SFC),…

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Las Vegas Nevada

EXIT Realty Number One Announces Commercial Property for Sale in Las Vegas, NV – EIN News

EXIT Realty Number One, an esteemed real estate firm, highlights prime commercial property for sale in Las Vegas, NV. LAS VEGAS, NEVADA, USA, May 15, 2024 /EINPresswire.com/ — EXIT Realty Number One, an esteemed real estate firm, highlights prime commercial property for sale in Las Vegas, NV, catering to investors seeking high cap rates and favorable returns. Las Vegas presents diverse opportunities, including industrial, office, multifamily, and retail units. EXIT Realty Number One’s commercial division, led by knowledgeable brokers and realtors, leverages innovative technology to provide unparalleled service. They advise…

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Las Vegas Nevada

Las Vegas home prices springing forward, new report says – Las Vegas Business Press

A recent Las Vegas Realtors report shows local housing prices springing forward in April, with condo and town home prices reaching a record high. LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during April was $469,000. That’s up 9.1 percent from $430,000 in April of 2023. However, local home prices are still below the all-time record of $482,000 set in May of 2022. The median price of local condos and town homes sold in April was $290,000, up 7.4 percent…

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Las Vegas Nevada

Will the Housing Market Crash in 2025? – Norada Real Estate Investments

Last year’s housing market rollercoaster ride left many wondering: will home prices drop or rebound in 2025? Home prices will continue to slow down but not drop. But there is no one-size-fits-all answer to this question, as the housing market in the United States will likely vary depending on location and other factors. Will the Housing Market Crash in 2025? Most experts in the housing industry predict less buyer demand, lower prices, and higher borrowing rates. Rate increases, along with a shortage of availability, have pushed many purchasers to the…

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Nevada

Primary home stock gets a boost as second-home demand drops – Marketplace

It’s mid-May, summer vacation is on the horizon, and many wealthier Americans will soon migrate to their second homes near beaches, lakes and mountains. And while that may be the dream for a lot of folks out there, the market for second homes has hit a bit of a slump. Redfin found that in 2023, demand for mortgages for vacation homes fell 40%, and there are signs things haven’t exactly picked up in 2024. So what is happening with the market for second homes, and has this decreased interest in…

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Las Vegas Nevada

This Henderson housing community leads Las Vegas Valley in growth – Las Vegas Review-Journal

The Henderson master-planned community of Cadence is leading Clark County in new home construction and riding the wave of new home sales in the valley and across the country. So far in 2024, 153 homes have started construction in Cadence and its Symmetry Trails neighborhood, which is an average of 12.8 homes a month, according to data obtained by the Las Vegas Review-Journal from residential construction data company Zonda. The northeast Henderson community is being spearheaded by nearly a dozen separate homebuilders, including Century Communities and Lennar, one of the…

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Las Vegas Nevada

Cadence in Henderson fastest-growing housing community in Las Vegas Valley | Housing | Business – Las Vegas Review-Journal

The Henderson master-planned community of Cadence is leading Clark County in new home construction and riding the wave of new home sales in the valley and across the country. So far in 2024, 153 homes have started construction in Cadence and its Symmetry Trails neighborhood, which is an average of 12.8 homes a month, according to data obtained by the Las Vegas Review-Journal from residential construction data company Zonda. The northeast Henderson community is being spearheaded by nearly a dozen separate homebuilders, including Century Communities and Lennar, one of the…

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Las Vegas Nevada

Las Vegas home prices springing forward, new report says – Las Vegas Review-Journal

A recent Las Vegas Realtors report shows local housing prices springing forward in April, with condo and town home prices reaching a record high. LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service during April was $469,000. That’s up 9.1 percent from $430,000 in April of 2023. However, local home prices are still below the all-time record of $482,000 set in May of 2022. The median price of local condos and town homes sold in April was $290,000, up 7.4 percent…

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Las Vegas Nevada

Engel & Völkers Americas launches Real Estate Sentiment Index – Inman

The monthly index, for which the luxury firm began gathering data in March 2023, is based on roughly 250 responses collected each month from the firm’s real estate professionals across the U.S., Canada, Caribbean and Mexico. At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Luxury firm Engel & Völkers Americas has launched a new monthly market sentiment index based on data provided by real estate professionals within…

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Las Vegas Nevada

Vegas has no NBA team (yet) but can it support 2 arena projects? – Las Vegas Review-Journal

Two multibillion-dollar resorts — both with arenas that would be capable of hosting a National Basketball Association team — are in the works for Southern Nevada. They leave the public wondering: Are both of them financially viable projects? Which would be more capable of hosting the fourth of the four Las Vegas-based major-league sports teams? If it’s a race, who wins? And is there a dark-horse rival lurking? Those are questions likely to be pondered in the next few months as LVXP — with its proposal for a towering resort…

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Las Vegas Nevada

It’s your chance to be recognized as one of the best in luxury real estate – Inman

At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. Since its inception, the Golden I Club has set the gold standard for recognition in the luxury real estate market. This prestigious awards program celebrates exceptional achievement across the luxury sector, honoring those who not only meet but exceed the highest standards of achievement in the real estate industry. Now is your chance to nominate yourself or someone…

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