Las Vegas Real Estate News

‘The Block’ urban core to be centerpiece for Henderson’s new western gateway

A rendering of Sauvage Real Estate’s 103-acre plan calls for retail, residential and hotel space near Henderson Executive Airport.

The plan features an urban core with retail shops topped by residential space. “We have been holding onto this site for several years. We think it’s the best development parcel of this size left in the valley, and the best opportunity to create new lifestyle options for a changing Henderson and all of Las Vegas.”

Why migration has stalled in American cities with the most opportunity

A carpenter works on a new home at a residential construction site in the west side of the valley April 5, 2013. Las Vegas is a lower-wage metro area that can attract people not by its economic prowess but by its supply of lower-cost housing.

The places that are booming in size are not the economic boomtowns — the regions with the greatest prosperity and highest productivity. In theory, we would expect those metros, like the Bay Area, Boston and New York, to be rapidly expanding, as people move from ...

’Tis the season when Southern Nevada home prices level off

A look at Belmonte in Summerlin. The median price of  local single-family homes sold in November was $261,150.

The median price of existing single-family homes sold in November was $261,150, down slightly (0.7 percent) from October, but still up 8.8 percent from November 2016 ...

U.S. homeless count rises, pushed by crisis on the West Coast

A man who identified himself just as Vincent, sorts his belongings outside his tent Friday, Dec. 1, 2017, in Los Angeles. Vincent said he thought he was bulletproof and never had to worry about getting a job as a young man. "Things ain't the way they were anymore." The U.S. Department on Housing and Urban Development release of the 2017 homeless numbers are expected to show a dramatic increase in the number of people lacking shelter along the West Coast.

The nation's homeless population increased this year for the first time since 2010, driven by a surge in the number of people living on the streets in Los Angeles and other West Coast cities ...

Southern Nevada home prices cool, but still up 13.4 percent from 2016

Home prices have been appreciating steadily at about 10 percent annually for the past few years. Although that pace may be cooling heading into the fall, GLVAR President David J. Tina said he still has a positive outlook for the local housing market.

The median price of existing single-family homes in Southern Nevada in October was $263,000, down slightly from September, but still up 13.4 percent from October 2016, according to statistics from the Greater Las Vegas Association of Realtors. ...

Ground broken on $26 million, 80-bed psychiatric facility in southwest valley

The Behavioral Health Center at Southern Hills Hospital, Sunset Road and Fort Apache Road, is shown in a rendering. Ground was broken on Oct. 26, 2017.

To help address the critical need for more mental health resources in Southern Nevada, a new 80-bed psychiatric facility is on the way. ...

Boulevard mall investors buy Sears building, in talks to develop parking lot

A view of the Sears store in the Boulevard mall Wednesday, Oct. 25, 2017. Sears sold its building to the mall but continues to operate the store.

Sears Holdings Corp. sold its building at the Boulevard mall to a group of investors earlier this month, clearing the way for development of the massive parking lot around the store. The Sears store is not going anywhere. As part of the sale, the new owners are leasing the space back ...

Enclave special events venue marks opening with shooting victim fundraiser

The Enclave, a multipurpose special events venue on Eastern Avenue near Russell Road, features the Vivace Rooftop Deck.

Enclave, a three-story 75,000-square-foot multi-purpose special events venue on Eastern Avenue near Russell Road, will mark its completion on Thursday night with the opening of its 5,000-square-foot Vivace Rooftop Deck. ...

Howard Hughes Corp. to build Summerlin ballpark for 51s

A rendering of the southeast view of the Las Vegas Ballpark, being designed by HOK and developed by the Howard Hughes Corp. in Downtown Summerlin to house the Las Vegas 51s.

Years of delays and doubts about the new ballpark sought by the Las Vegas 51s vanished today with the announcement of plans for a Downtown Summerlin stadium. Howard Hughes Corp. ...

Southern Nevada home prices continue to rise in September

The Greater Las Vegas Association of Realtors said the median price of existing single-family homes sold during September was $265,000, up 13.5 percent from September 2016.

Home prices continued to rise while the number of home sales stabilized in September, according to statistics provided by the Greater Las Vegas Association of Realtors on Friday. ...

UNLV technology park expects to construct third building soon

A rendering shows plans for a new building at the Harry Reid UNLV Research & Technology Park.

The UNLV Harry Reid Research & Technology Park in the southwest valley appears ready to begin construction on a new building. Representatives of the ...

Commercial real estate markets: A new normal?

An unanswered question for Southern Nevada commercial real estate markets is whether they will recover to the typical vacancy rates enjoyed before the Great Recession or to some “new normal” as a result of the severe downturn. This is an important issue for developers who are planning to add to the stock of commercial real estate here. ...

Life is good for home sellers, not so much for buyers, August stats show

The Greater Las Vegas Association of Realtors said the median price of an existing single-family home in August  —   $260,000 — was 10.6 percent more expensive than August 2016.

August was good for home sellers in Las Vegas, but not so great for buyers. In general, the statistics show home prices ...

Las Vegas lags in number of new rich ZIP codes, but sales of pricey homes are rising

Chumlee of "Pawn Stars" fame put his five-bedroom, 6,206-square-foot Las Vegas house on the market earlier this year with an asking price of $1,849,900. Zillow reported this week that Las Vegas has created only one neighborhood where at least 10 percent of the homes are worth seven figures since 2014.

Las Vegas is near the bottom of another list; this time, it’s the number of super-rich neighborhoods created in the last three years. According the real estate website Zillow.com ...

Reno rent market at record-high prices, near-zero vacancy

The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City ...