LAS VEGAS, NV – The prices of homes in North Las Vegas have doubled over the course of the past seven years according to a new study; a rate of growth that is one of the highest not only in the Las Vegas Valley, but the entire United States. As per a new study released by Point2, the price of the average house in the city of North Las Vegas is currently $410,000. Not far behind in terms of home prices doubling within the span of time examined in the report is the city of Las Vegas itself, which took just a bit longer – seven years and one month, to be exact – to see home prices hit t ..read more

LAS VEGAS, NV – If the plans of a group of real estate developers in Las Vegas come to fruition, the city’s tallest-ever hotel/resort will be built on the former 27-acre site of the Wet ‘n Wild waterpark, previously the potential location of a failed entertainment complex project spearheaded by businessman and former basketball player Jackie Robinson called the All Net Resort & Arena. The principals of Las Vegas-based real estate development company LVXP – CEO James Frasure Jr., Chief of Staff Christine Richards and Chief Construction Officer Nick Tomasino – stated that the multi ..read more

LAS VEGAS, NV – Amid lowering mortgage interest rates, new home sales in Las Vegas have begun to increase yet again, with February showing the most home closings in the region since 2007. As a result of the recent surge in purchases, home builders in Southern Nevada have ramped up their efforts to keep up with the renewed demand, purchasing land and pulling an increased number of permits. Andrew Smith, President of Las Vegas-based Home Builders Research, reported this week that in February there were 1,110 new home closings, which represents a whopping 42 percent increase year-over-year ..read more

LAS VEGAS, NV – Construction on Brightline West – the long-gestating, $12 billion high-speed railway system linking Las Vegas and Southern Los Angeles – finally commenced on Monday after years of delays. Brightline began the process of laying the 218 miles of track that the rail system requires, which will feature all-electric trains that, once up and running, will shuttle passengers between a terminal that will be built just south of the Las Vegas Strip and another new facility in Rancho Cucamonga in just two hours. Normally, the trip takes well over three hours by automobile. Exper ..read more

LAS VEGAS, NV – The Atrium Hotel, which has found itself mired in the long and slow process of being redeveloped after originally closing its doors over a decade ago, is reportedly now in its “final stages” of preparation before the building can finally be demolished and construction of a new apartment complex can begin. Following its purchase in 2007 by investors in a deal that was worth $50.5 million at the time, the 202-room Atrium – located at 4255 Paradise Road, near the Virgin Hotel – went into foreclosure in 2008 due to the recession; later, the Siegel Group acquired the property i ..read more

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