Southern Nevada’s market overall “may be starting to calm down a bit.”
red hot housing
Despite Las Vegas’ rapid price gains, several other cities logged even higher growth.
Housing markets are prone to ups, downs and other shifts, especially in Las Vegas, and there’s no telling how long the current trends will last.
Home sales have tumbled lately as the cost to buy a place grows.
A recent study found that residents in the Las Vegas metro area are experiencing one of the highest percentage rent increases from pre-pandemic 2019 to 2022.
Chance Kornuth, ranked in the top three poker players nationwide, is selling his Southern Highlands home for $3.5 million.
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.
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.
Las Vegas home prices are skyrocketing, but as borrowing costs climb, buyer activity is down.
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.
Frank Nothaft, chief economist with housing tracker CoreLogic, expects a strong spring buying season.
“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.
