LAS VEGAS, NV – Las Vegas Realtors (LVR) released a new report this week showing that home prices within the Valley are continuing their trend of increasing in 2024. According to the report, LVR notes that in March the median price of existing single-family homes sold through its Multiple Listing Service in Southern Nevada was $465,000, which represents a 9.4 percent increase year-over-year, when that amount was $425,000. This, however, still falls below the all-time record set in May 2022, when the median price of homes in Las Vegas hit $482,000. When it comes to condominiums and townhom ..read more

LAS VEGAS, NV – According to a new study that was released this week, mortgage payments in the Las Vegas Valley have increased over the past two years by nearly 50 percent, showing that despite its reputation for affordability, Southern Nevada is still nonetheless feeling some of the current economic woes experienced by the rest of the nation. The study, released by Construction Coverage, noted that in the United States the average mortgage rate has jumped from 3.8 percent to 6.8 percent since 2022, and that the median price for a single-family home increased from $316,778 to $347,716 dur ..read more

LAS VEGAS, NV – Tom Telesco, General Manager of the Las Vegas Raiders NFL team, has officially made the move to his team’s new home by purchasing a nearly $5 million house in an affluent neighborhood in Summerlin. Telesco paid $4.95 million in March for a 5,041 square-foot, single-story home on a 0.35-acre plot in The Ridges – an exclusive master-planned community – with the sale ranking as one of the priciest in a month chock full of expensive luxury sales in Southern Nevada. According to the Multiple Listing Service, there were 152 sales of $1 million or higher in March, and four s ..read more

LAS VEGAS, NV – A new high-rise hotel catering exclusively to the Jewish community has been proposed near the Las Vegas Strip, according to reports. Slated to be built at 3601 Vegas Plaza Drive according to documents submitted to Clark County, the 46-story, 648-foot-tall King David Hotel would be located directly to the north of The Mirage and west of Treasure Island, and would include 486 rooms, banquet halls, a day spa and even a synagogue, all situated within short walking distance of Las Vegas Boulevard. Or Bamidbar Chabad Sephardic Synagogue Rabbi Yossi Shuchat said that he was ..read more

LAS VEGAS, NV – A historic estate in Las Vegas’s affluent Scotch 80s community has been listed on the open market for $2.4 million, with the realtor representing the seller noting that the residence represents a perfect melding of the Valley’s rich history and the modern day flash and showiness that Sin City is known the world over for. The estate, located at 1227 Park Circle in Scotch 80s – the first-ever master-planned community in Southern Nevada and home to many celebrities over the years, such as singer Prince, actor Frank Sinatra, and comedian Jerry Lewis – is being represented by r ..read more

LAS VEGAS, NV – According to Clark County property records, Lennar Corporation, one of the largest home construction companies in the United States, has bought 37 acres of land in Henderson for $45 million from California-based Trilogy Land Holdings LLC. It is expected that Lenar will develop the vacant land – the sale of which closed on March 1 – into a single-family residential community. The property is located in west Henderson, just south of the Henderson Executive Airport and the master-planned community of Inspirada, close to the McCullough Range and Black Mountain. Based out ..read more

LAS VEGAS, NV – Las Vegas’ downtown is sorely in need of new housing options for its inhabitants, and as a means to address that issue, construction is currently underway on a large, new mixed-use project in the 18b Arts District that looks to combine apartment units and retail, spread out amongst several buildings. The project – located at 1200 S. 3rd Street, and dubbed 3rd Street Assemblage – is slated to take the form of three seven story, mid-rise apartment buildings that will offer a total of 337 units for rent, in addition to ground level retail and restaurant space totaling 8 ..read more

LAS VEGAS, NV – On Tuesday, the end of an era was marked as the Tropicana Las Vegas – one of the oldest remaining vanguards of the iconic Sin City hotel-casinos of the Rat Pack era – closed its doors for business two days prior to its 67th anniversary, with the structure slated to be imploded later this year to make way for a new stadium for the newly-arriving Oakland Athletics Major League Baseball (MLB) team. Originally, casino operator Bally’s Corp. had announced that play in the casino would cease at 3 a.m. Tuesday, but in reality, workers had begun breaking down many of the ..read more

LAS VEGAS, NV – The New Frontier Hotel and Casino was an iconic sight on the Las Vegas Strip since it originally opened for business in 1931; over the years it changed hands several times until it’s eventual final sale and closure in May 2007. The structure was finally imploded in November of that same year following a fireworks celebration and countdown chanted by onlookers who gathered to see a remnant of Vegas’ colorful past finally crumble to dust. Nearly 17 years later, the property ; casino operator Wynn Resorts, which bought the land and four adjacent acres in early 2018, has not a ..read more

LAS VEGAS, NV – The Western Hotel & Casino, an iconic part of the Las Vegas downtown scene steeped in the rich history of the city, is reportedly up for sale for an undisclosed price. Originally closing down in 2012, the hotel is one of the many properties in Vegas previously owned by the late Tony Hsieh, who passed away in November 2020 at the age of 46 due to injuries suffered in a Connecticut house fire. Hsieh – who was worth hundreds of millions of dollars at the time of his death – headed up retail shoe selling giant Zappos before selling it to Amazon in 2009 for over $1 billion ..read more