Irvine, California-based Parcel Pending has announced that its “Smart Home Lockers” will be installed in luxury builder Toll Brothers’ Mesa Ridge community.
Eli Segall
Reporter: Real estate
Email: esegall@reviewjournal.com
Phone: (702) 383-0342
X: @eli_segall
Eli Segall joined the Review-Journal in August 2016 after covering real estate and other business topics for four years at the Las Vegas Sun. He also worked for the Silicon Valley/San Jose Business Journal, The Associated Press and other news groups. Segall has a bachelor’s in political science from the University of Michigan and a master’s in journalism from the University of Maryland. His awards include 2017 Story of the Year from the Nevada Press Association.
Here’s a look at five big houses in the Las Vegas Valley that were repossessed by lenders or bought at foreclosure auctions last year, as shown in Clark County records.
The peak boom-era median sales price of previously owned single-family homes was $315,000. Adjusting for inflation, the market has much more than a $15,000 gap from the previous high. In today’s dollars, the peak resale price was around $390,000.
Las Vegas’ housing market hit top speeds last year. Sales prices and rental rates rose at some of the fastest clips in the country, newly built apartments filled with tenants, and developers sold the most homes in more than a decade.
Bob Massi, a lion-haired Las Vegas Valley lawyer and television personality, has died.
The median sales price of single-family homes last month was $300,000, the first time it reached that level since September, according to a new reportfrom the Greater Las Vegas Association of Realtors.
A Las Vegas real estate firm has finished a Seattle high-rise that was left as a giant hole in the ground by its now-imprisoned former developer.
Eric Cohen is part of a wave of developers who have flooded the Las Vegas suburbs with new apartments in recent years. For one of his newest projects, however, he’s building in a markedly different location: an office park near the Strip.
Jim Rhodes, founder of Harmony Homes, recently listed his 2-acre Las Vegas spread for almost $30 million. At that price, according to the listing on Zillow, the estimated mortgage payment is $116,995 per month.
Las Vegas-based Allegiant Travel Co. said Wednesday that it earned $41.4 million in net income in the three months ending Dec. 31, down 50.4 percent from the same period in 2017.
Some 67,900 people worked in the Las Vegas-area construction industry in December, up 8.8 percent from a year earlier, according to a report Tuesday from the Associated General Contractors of America.
Southern California architect Christopher Mercier, in town this week for the Las Vegas Market furniture and home-decor expo, gave a presentation Tuesday at the convention. He spoke with the Las Vegas Review-Journal afterward about the local architectural landscape.
Oak Residential Partners announced last week that it bought the 124-unit Madison at Black Mountain rental complex in Henderson.
Prices in Southern Nevada were up 12 percent year-over-year in November, more than double the national rate of 5.2 percent, according to the SP CoreLogic Case-Shiller index released Tuesday.
Las Vegas, with its fast-cash image and anything-goes real estate market, has long been a popular place to flip houses . A lengthy menu of home-flipping reality television shows has also fueled interest in the get-rich-quick tactic, and the stars of “Desert Flippers” were in town Monday to talk about it.
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