Southern Nevada home prices were up 25.7 percent year over year in November, compared with an 18.8 percent gain nationally.
red hot housing
Last year’s sales tally was the highest since 2006 during Las Vegas’ wild, yet doomed, real estate bubble.
The last day to play golf at Royal Links, an 18-hole course along Vegas Valley Drive about a mile east of Nellis Boulevard, was Dec. 17.
The priciest and cheapest house sales of 2021 were separated by more than just many millions of dollars.
Southern Nevada logged the most resales on record in 2021, prices have been hitting new all-time highs practically every month, and houses have been trading rapidly.
Frank Nothaft, chief economist with housing tracker CoreLogic, spoke with the Review-Journal about the U.S. market’s trajectory during the pandemic and what might happen next.
The deal’s acreage and dollar amount were on par with, if not higher than, recent full-year land sales totals in the community.
Summerlin and three other Southern Nevada master-planned communities ranked among the 25 top-selling areas in the nation for homebuilders.
Last year’s sales tally topped the previous all-time high by nearly 2,000 transactions, and the median price hit $425,000 in December, also setting a record.
Southern Nevada house prices were up 25.5 percent year over year in October, compared with the U.S. rate of 19.1 percent, according to a new report.
Buyers paid a median price of $444,677 for newly built homes in Southern Nevada in November, up 11.5 percent from a year earlier.
Home construction is still facing costly and delayed materials from supply chain disruptions while the Southern Nevada housing market remains hot, industry members say.
Attorneys for Hsieh’s family filed court papers Monday showing the sprawling home is set to trade hands.
The median sales price of previously owned single-family homes was $420,000 in November, up $10,000 from the prior month.
Southern California real estate firms Lyon Living and LandSpire Group recently started construction on a 294-unit rental complex at The Gramercy in the southwest valley.