Builders logged 848 net sales in October, the lowest monthly tally since November 2020, though buyer traffic “has remained steady.”
red hot housing
Foresight Companies held a ceremonial groundbreaking Monday for Lake Mead West Apartments, a 156-unit complex, scheduled to be finished in spring 2023.
Panattoni Development Co. filed a concept plan review for a venture called Project Breezy.
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.
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.
Southern Nevada prices have been on a stomach-churning ride the past two decades: The market floors it, hits the brakes, and repeats.
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.
Howard Hughes Corp. announced plans for Douglas Ranch, a nearly 37,000-acre master-planned community in Phoenix’s West Valley.
Construction is underway on Wood Partners’ 228-unit project off Southern Highlands and St. Rose parkways, near the M Resort.
The median sales price of previously owned single-family homes was a record $406,500 in September, up 0.4 percent from August and 20.5 percent from September of last year.
Southern Nevada builders saw a pullback in sales activity in August, but prices reached another all-time high and the market overall remained far ahead of year-ago levels.
Home prices soared across the country at a record speed in July, though in Las Vegas, prices accelerated even faster than the national average, a new report shows.
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