The median sales price of previously owned single-family houses was a record $410,000 last month, up 20.5 percent from October of last year.
Housing
SB Real Estate Partners announced that it acquired The Russell, a 241-unit property in the southwest valley.
American Nevada Co. and Warmington Properties were scheduled to hold a ceremonial groundbreaking Tuesday morning for Sync, a 203-unit rental project off Aliante Parkway and the 215 Beltway in North Las Vegas.
The county Planning Commission will consider Touchstone Living’s proposal to build around 1,300 homes on a golf course once owned by gambler Bill Walters.
The county-administered CHAP program has been flooded by extraordinary demand. Progress is being made but can’t come soon enough for those who may soon be facing eviction.
Southern Nevada prices have been on a stomach-churning ride the past two decades: The market floors it, hits the brakes, and repeats.
G2 Capital Development founder Frank Marretti hopes to break ground next year on a project slated to have residential, retail and office space.
The former casino mogul’s opulent estate in Summerlin spans 15,000 square feet and includes an art room, a crystal staircase, silk carpets, and marble pillars, according to listing materials.
Homebuilders saw mixed results in Southern Nevada last month, though compared with a year ago, buyers have purchased far more houses in 2021 and paid higher prices for them.
Instead of demolishing homes, builders sometimes give them to firefighters to burn in training exercises.
The company announced that due to a “backlog in renovations and operational capacity constraints,” it will not sign any new contracts to buy homes “through the end of the year.”
The legendary rock star listed his Southern Nevada estate for $14.95 million, according to an announcement Thursday from his listing brokers at Berkshire Hathaway HomeServices Nevada Properties.
In the near future, officials say they envision low-income families having the opportunity to purchase homes, not merely rent them.
Howard Hughes Corp. announced plans for Douglas Ranch, a nearly 37,000-acre master-planned community in Phoenix’s West Valley.
Jon Gruden’s purchase was recorded with the county Aug. 10, almost exactly two months before he resigned from the Raiders.
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