Category: Nevada

LAS VEGAS (KTNV) — Becoming a homeowner in Southern Nevada remains a daunting challenge. A new report by Las Vegas Realtors shows the Las Vegas housing market prices continuing to increase with the average price for a single family home now at $469,000 and $290,000 for townhomes and condos. For many, buying a home in Las Vegas right now is out of reach. But for Zen Star who recently moves here from San Francisco, prices here make owning a home possible. “Overall the whole cost of living here is so…

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LAS VEGAS (KTNV) — Locals and transplants alike have seen the shifts in both home buying opportunities and prices across the the Las Vegas Valley. A new report is showing us the numbers behind the market, including one harking back to the 2008 crash. Since the post-pandemic housing boom took off, peaks and slumps have undercut an overall steady price increase for buying in the valley. With the release of the April 2024 market report from Las Vegas Realtors, we have a closer look at buying and selling conditions. Notably,…

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Condominium and townhouse prices in the Las Vegas Valley hit a record high in April, according to statistics from the Las Vegas Realtors, who pull numbers from the Multiple Listing Service. The median price of a condo or townhouse sold in the valley last month was $290,000, a 7.4 percent increase from April of last year. This broke the all-time high set back in August 2022, when the average property sold for $287,000. The number of condos and townhomes on the market is also up 10.7 percent from April of…

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Enterprise and the southwest valley are the talk of the town as the unincorporated township and submarket are experiencing booming population and commercial and residential growth. In fact, Enterprise is growing more than twice as fast as the Las Vegas Valley as a whole, according to population figures from Esri, a GIS mapping software company. The unincorporated township grew almost 60 percent (compared to 20 percent for the overall Las Vegas Valley) from 2010 to 2023 and now has 245,243 residents as of the end of 2023. Enterprise is estimated…

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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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