Las Vegas Real Estate News

Is Las Vegas building a new bubble? Analyst gives his take

Jeremy Aguero, a principal analyst with Applied Analysis, poses at his office building in Summerlin Wednesday, August 3, 2011.

Don’t worry, Las Vegas isn’t racing toward another economic cliff. So said analyst Jeremy Aguero this morning to business, community and government leaders at ...

The Property Brothers are fixing to take over the world

Celebrity designers and brothers, Drew and Jonathan Scott hang out on the roof of a local condo during a production day for their HGTV show, "Brother vs Brother," in Galveston, Texas, Feb.15, 2017.

In seven years, Drew and Jonathan Scott, 39, have gone from aspiring celebrities on a small Canadian cable network to HGTV headliners who star in, and in some cases produce, some of the most popular …

Home prices keep rising amid ‘housing shortage’ in Southern Nevada

A look at construction happening at Cadence master-planned community in Henderson on October 23, 2015.

Local home prices continued to climb in April as Southern Nevada now has less than a two-month supply of homes available for sale, according to a report released Monday by the Greater Las Vegas Association of Realtors. ...

Rental prices in Las Vegas Valley rising in step with sales prices

A view of The Lido apartments, formerly the Camden Legends Apartments, 2501 Wigwam Parkway, in Henderson April 26, 2016.

The lack of available homes, which drives up sales prices in Southern Nevada, continues to have an effect on the local rental market as well. The average monthly rent for a family-sized home in the Las Vegas Valley climbed to $1,328 per month, a jump of ...

Photos: Killers' frontman Brandon Flowers selling Vegas mansion

This Las Vegas house on Pinto Lane owned by The Killers frontman Brandon Flowers is up for sale, Tuesday, April, 25, 2017. The house was also previously own by Andre Agassi.

Do you want to live in Brandon Flowers’ mansion, once also owned by Andre Agassi and Howard Hughes among other Las Vegas celebrities? Flowers’ 8,300-square-foot estate, 2981 Pinto Lane near Rancho and Alta drives, is for sale ...

Winter growth bodes well for local real estate market

The Cadence master-planned community in Henderson is shown in 2015. Last month’s median price for existing-home sales moved up 10 percent from March 2016, anew report shows.

The normally slow winter season for the Las Vegas real estate market continued a slight warming trend in March. ....

A real estate boom, powered by legalized pot

Plants in a grow room at Ermont’s medical marijuana dispensary in Quincy, Mass., March 29, 2017. Across the country, the booming medical marijuana sector is putting use to dilapidated warehouses and industrial buildings like this one, reshaping blighted neighborhoods and sending property values soaring.

Legalized marijuana has upset societal norms, created a large legal gray area and generated a lucrative source of tax revenue. Now it is upending the real estate market, too ...

What a Las Vegas Raiders stadium might mean to Russell Road neighborhood

A view of the 62-acre Russell Road site for the proposed Las Vegas Raiders stadium Wednesday, March 29, 2017. This photo is taken northbound from Russell Road.

Business owners near the intersection of Russell Road and Polaris Avenue are anticipating how the landscape will change when the Las Vegas Raiders stadium is ...

Nevada real estate investment firm receives $2.2 billion judgment

District Court Judge Kenneth Cory, shown in 2014, issued a $2.2 billion judgment Tuesday for a Nevada company, First 100 LLC, against Cambodian-born billionaire Raymond Ngan who defaulted on $160 million in promised funding.

A Nevada company that purchased and foreclosed on homeowners association liens won a $2.2 billion judgment today in Clark County District Court against a ...

Call center to fill anchor space at Boulevard mall

An exterior view of the Boulevard Mall Sunday, Dec. 11, 2016.

The Boulevard mall has a new tenant, but it won’t be a place to grab the latest fashions. Mall owner Sansone Companies has entered into a lease agreement with TeleTech Services, whose state-of-the-art call center facility. will occupy a 50,000-square-foot section of the mall. The call center will be TeleTech’s first facility in Nevada and will provide technical assistance and other services for ...

Home prices, sales continue to rise in February

A look at model homes for sale at the Toll Brothers' first Active Adult Community called Regency at Summerlin on March 3, 2016

Despite an increasingly tight housing supply, the number of Southern Nevada home sales continued to rise in February, the Greater Las Vegas Association of Realtors reported Tuesday. ...

Southern Nevada home prices continue to rise in February

A look at model homes for sale at the Toll Brothers' first Active Adult Community called Regency at Summerlin on March 3, 2016

Despite an increasingly tight housing supply, the number of Southern Nevada home sales continued to rise in February, the Greater Las Vegas Association of Realtors reported Tuesday. The total number of existing local homes, condos and townhomes sold in February was 2,815, up from 2,676 in February 2016. Compared to one year ago, sales were up 6.5 percent for ...

As squatting problem grows in Las Vegas, lawmaker offers solution

Police officers peek into a vacant North Las Vegas home that had been occupied by squatters, Wednesday, May 18, 2016. A new legislative measure aims to help authorities combat squatters.

For authorities, removing squatters isn’t as easy as telling them to get out. In many cases, people living in homes without authorization present officers with fake leases that ...

Las Vegas' shortage of affordable housing is worst in the country, study finds

Carpenters work on an affordable housing complex being built by Nevada HAND on Boulder Highway, Monday, Jan. 23, 2017. Nevada HAND is a real estate development company that focuses on affordable housing projects.

Las Vegas topped the list of large metropolitan areas with the lowest availability of available rental homes for extremely low income households. The study also found that 86 percent of extremely low income households in Las Vegas are severely cost burdened ...

Will your property taxes be raised? How 2005 cap works and how it could be changed

A view of residential rooftops near Horizon Ridge Parkway and Gibson Road in Henderson.

Homeowners may not think about property taxes often, but Nevada’s county and city government officials do. During this year’s Legislature, they’re busy asking state lawmakers to change the property tax abatement, or the cap, that limits how much larger your property tax bill can grow from one year to the next ...