Las Vegas’ housing market is in overdrive. Homes are selling rapidly, prices are setting record highs and many buyers are paying cash.
Housing
The housing market has been a pillar of economic strength during the pandemic, but many would-be homeowners have met with frustration because of a low number of homes for sale and consistently rising prices.
Magician Lance Burton has put his Henderson estate — more like a castle at the top of a hill — on the market for $4.49 million.
Las Vegas home prices set a record high yet again last month, and sales totals skyrocketed as the valley’s housing frenzy showed no signs of cooling.
The “Palace in the Sky” at Panorama Towers rises above Dean Martin Drive behind the Strip, showcasing sophisticated artistic expression through its intricate architectural detailing and extraordinary finishes.
The biggest jump in Las Vegas housing prices, 20 percent, was in the area around Sahara Avenue and Jones Boulevard, data shows.
Gov. Steve Sisolak has extended Nevada’s eviction moratorium for two months, but adds that this will be the state’s final extension.
The walls are going up at the massive mixed-use development project UnCommons in the southwest Las Vegas Valley.
Local anti-homeless groups and tenant advocates applauded the move Monday, but a representative for a Nevada apartment association called the move “devastating” for struggling landlords.
An eviction moratorium expected to expire this week was extended Monday by Dr. Rochelle Walensky, director of the Centers for Disease Control and Prevention.
Southern Nevada homebuilders last month saw the most sales activity in well over a decade.
The Biden administration and U.S. Sen. Catherine Cortez Masto this week launched efforts to restore fair lending practices and affordable housing in the aftermath of the coronavirus pandemic.
Starting April 1, landlords will be able to move forward with the eviction process against tenants who have been unable to pay rent because of the coronavirus pandemic.
“Selling Summerlin,” from the creators of VH1’s real estate reality show “Love Listings,” will focus on what it describes as “the aggressive and luxurious real estate market in Sin City.”
Two New York firms and a Las Vegas-based company held a Thursday ceremonial groundbreaking for the upscale 334-unit Apex at Meadows.
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