Buyers hoping to score a deal on a home in 2021—or even find something affordable without having to dip into savings or push their budgets past the “we-could-live-without-electricity” point—might need to check their ambitions. Both the experts and the numbers paint a picture of a seller’s market in 2021. The good news is that new-home construction […]
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Summerlin Retains No. 3 Spot in Nation for New Home Sales
The master-planned community of Summerlin, a development of The Howard Hughes Corp., has retained its No. 3 ranking for new home sales in 2020 by RCLCO, national real estate consultant that has been ranking master-planned communities, or MPCs since 1994. Summerlin also held the No. 3 position in 2019. The ranking is determined by new […]
New Restaurants, New Menus in Las Vegas
L2 Texas BBQ opens L2 Texas BBQ — named for the partners, both of them Larrys — opened in mid-December at 2250 E. Warm Springs Road, the former longtime location of Memphis Championship BBQ. It serves baby back ribs either smoked or fried; deep-fried smoked chicken; smoked brisket, pulled pork, sausage and ham; and fried […]
Las Vegas-Area Home Supply Dwindles while Prices Stand Pat
An already tight Las Vegas-area housing market became even more condensed last month, according to a report released. Continuing a trend seen during the pandemic, the number of existing homes — excluding condos and townhomes — in the Las Vegas Valley dropped 11% from November, according to the Las Vegas Realtors trade organization. At the end of […]
Southern Nevada Communities Among Top Spots in US for Home Sales
Southern Nevada communities were among the top-selling spots in the nation for homebuilders last year despite the valley’s badly battered economy, a new report shows. Builders sold 1,439 homes in Summerlin last year, third most among U.S. master-planned communities, and 1,017 in North Las Vegas’ Valley Vista community, which was sixth most, real estate consulting […]
Owning A Home More Affordable Than Renting
ATTOM Data Solutions, curator of the nation’s premier property database, today released its 2021 Rental Affordability Report, which shows that owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report. That has happened even though median home prices have […]
Las Vegas Pushes Affordable Housing on Site of 1st Wonder World
Las Vegas lawmakers on Wednesday agreed to sell 5.5 acres of vacant land for $1 to an affordable housing developer with plans to construct 144 units as the city faces a major shortage of such dwellings. The City Council voted 6-1 to approve the development agreement with Community Development Programs Center of Nevada, Inc., a […]
GREATER LAS VEGAS ENDS 2020 WITH RECORD-BREAKING HOME PRICES
Las Vegas Realtors are reporting that local home prices remained in record territory as 2020 came to a close, with rising home sales and a shrinking housing supply. The median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during December was $345,000. That matches the all-time record for […]
3 Must-Do’s When Selling Your House This Year
It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind. Growing emotions can help or hinder a sale depending on how we manage them. When […]
Free Attractions Still a Draw on Las Vegas Strip
The pandemic has lowered the curtains on a host of entertainment and shows in the Las Vegas Valley. Strip staples like Cirque du Soleil, magic shows and residencies are on hiatus. Free spectacles weren’t completely spared, either. Most recently, The Mirage closed all operations Monday through Wednesday lasting through February, including its pyrotechnic volcano. However, many of the Strip’s […]
