Las Vegas Real Estate News

Las Vegas home prices climb for sixth straight month

Las Vegas home prices are climbing up for the sixth straight month as inventory remains tight. Officials with the Greater Las Vegas Association of Realtors say Wednesday that the median price of a single-family home sold in July was $133,000.

8 August 2012
Associated Press

Southern Nevada is ready

It was one of those meetings that makes you feel optimistic, even at 7 a.m. That’s the time people get together from NAIOP, the commercial real estate organization.

6 August 2012
By Bruce Spotleson

Canadian firm takes over sixth-largest commercial property management company in Las Vegas

A Canadian property management firm has expanded its presence in the Las Vegas Valley by acquiring one of the largest commercial property management firms in the region.

1 August 2012
By Eli Segall

Las Vegas home prices rise slightly but are still down 60 percent from peak

The downturn in the real estate market has lowered home prices, such as in this Henderson neighborhood, to levels not seen in years.

Home prices in the Las Vegas Valley inched up in May but still are down from a year ago, according to a new report out today said.

31 July 2012
By Eli Segall

Marriott Grand Chateau timeshares adding 223 units in Las Vegas

A third tower is under construction at the Marriott Grand Chateau timeshare villas on Harmon Avenue, just east of the Strip.

31 July 2012
By Ron Sylvester

Almost half of Nevadans say it's OK to default on a mortgage

Weeds surround a foreclosed house on Rock Cove Way in Southern Highlands.

In foreclosure-wracked Nevada, residents are divided on whether it’s OK to willingly default on a mortgage loan. And many people who lost their homes during the recession say they might still buy another house.

26 July 2012
By Eli Segall

Owners look to revitalize western valley shopping and office complex

Guests toss dirt during a groundbreaking ceremony for a renovation project at the Village Square shopping center at Ft. Apache Road and West Sahara Avenue Tuesday, July 24, 2012. From left: Colby Durnin, principal with Sentinel Development, Kristin McMillan, president/CEO of the Las Vegas Chamber of Commerce, Planning Commissioner Ric Truesdell, Clark County Commissioner Susan Brager, Kristopher Sanchez with the Nevada Governor's Office of Economic Development, Las Vegas City Councilman Bob Beers and Nevada State Assemblyman John Hambrick. The makE-over will include a new facade, new signage, and improvements to parking, landscaping and common areas. The center was purchased by Westport Capital Partners in November 2011.

After buying Village Square in late 2011, the shopping and office center’s new owners quickly set to work recruiting new tenants, adding 10 businesses since the start of the year. Now the owners are looking to build on that momentum by launching a wide-reaching renovation.

25 July 2012
By Conor Shine

Las Vegas area home values expected to rise over the next year

An aerial view of a residential neighborhood in Las Vegas.

Las Vegas Valley home values have sunk as low as they are expected to go and are poised to rise faster locally than nationally. Other real estate markets that got slammed during the recession also are projected to soar in the coming year. Home values in Phoenix, for instance, are expected to rise 9.9 percent while the Miami area is forecasted to jump 6.1 percent, according to Zillow. All told, national home values are believed to have reached bottom, and 43 percent of the markets covered by the Zillow Home Value Forecast are expected to see rising home values over ...

24 July 2012
By Eli Segall

Las Vegas office rent dips to seven-year low

In a market still suffering from bankruptcies and loan defaults, commercial real estate vacancies remain elevated in the Las Vegas area.

23 July 2012
By Steve Green

Las Vegas new home sales continue to rise

New home sales continued to improve in the Las Vegas area in June, a local housing analyst reported Thursday.

19 July 2012
By Steve Green

Fewer Las Vegas homeowners underwater on mortgages

The number of Las Vegas homeowners with negative equity in their properties continues to decline, thanks in part to rising house prices. That’s the good news.

12 July 2012
By Steve Green

Foreclosures are on the rise again in Las Vegas

A for sale sign stands in front of a bank-owned home in Las Vegas in 2008.

After months of steady decline, foreclosure activity picked up last month in Las Vegas. Las Vegas moved from No. 15 to No. 13 on RealtyTrac's list of large metro areas with the highest foreclosure rates.

11 July 2012
By Steve Green

Las Vegas home prices should continue to rise, firm projects

A "for sale" sign is displayed outside a foreclosed home near Hacienda Avenue and Jones Boulevard on Saturday, Feb. 5, 2011.

Las Vegas-area home prices should continue increasing through the end of the year, a real estate data tracking firm reported Tuesday. The Las Vegas area saw prices increase 4.7 percent from the first quarter of this year through the second quarter, Clear Capital reported.

10 July 2012
By Steve Green

At La Raza conference, looking for way forward from housing crisis

Houses sprawl across the Las Vegas Valley. When the housing bubble burst in 2007, Las Vegas became the No. 1 area in foreclosures nationwide.

During the four-day National Council of La Raza conference going on at Mandalay Bay, pressing issues such as immigration reform, access to health care and unemployment have all been addressed.

10 July 2012
By Tovin Lapan

Holsum Lofts among latest Las Vegas real estate bankruptcies

Commercial real estate bankruptcies continue to accumulate in Las Vegas — the latest two involving properties on Charleston Boulevard.

5 July 2012
By Steve Green
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