One of the largest independent residential realty brokerages in the U.S. is bringing its business to Las Vegas as part of its western regional expansion.
Housing
With the grass torn out and heavy construction equipment on-site, Las Vegas’ former Royal Links golf course is on its way to becoming a sprawling housing tract.
Amid the typically busy spring buying season, around 3,000 previously owned single-family homes traded hands last month, down 8 percent from March.
The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
The next portion of the southwest Las Vegas Valley complex includes two more office buildings, another parking structure, and a conference center called The Assembly.
Southern Nevada’s rental market has heated up over the past year as people are looking for more space amid widespread work-from-home arrangements.
The initiative, Home Means Nevada, marks the “largest single investment in affordable housing” in state history, according to the governor’s office.
It’s easy to feel the pressure to buy when houses are getting snapped up all around you, but does that mean you should jump or is it better to wait out a hot housing market and see if it calms down? Experts weigh in on the pros and cons of waiting it out.
Frank Nothaft, chief economist with housing tracker CoreLogic, expects a strong spring buying season.
The Interim Finance Committee voted to allocate the first half of a $500 million investment in affordable housing that Gov. Steve Sisolak announced in February.
The new landlord is looking to develop more space at Tivoli and draw more tenants to the bubble-era real estate project.
“We keep expecting prices to slow down at some point, but it’s not happening yet,” LVR President Brandon Roberts said in a news release.
We found five examples of houses for sale at or near the median sale price of single-family homes in Southern Nevada.
The buyer, whose identity could not immediately be confirmed, purchased Jon Gruden’s house through a limited liability company called Nighthawk Holdings.
Sales prices are climbing fast even as mortgage rates rise, something analysts had predicted could throw cold water on the market.
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