Tagged : Las Vegas real estate news

The Las Vegas real estate market has been a non-stop adventure this summer. Homes and condo prices have skyrocketed to highs unlike anything we've ever seen. The luxury home market in Las Vegas for new and existing homes is also increasing. We're seeing new builder homes, such as the new "Raider's Stadium" clone mansion by owner Mark Davis; and the record $32.5 million mansion for sale in Henderson's Ascaya community. In addition, rental prices are creeping out of reach for many, with a shortage of new inventory. Help is on the way, with several new rental developments in the works.

Here is the latest news and highlights for the Las Vegas real estate market up to August 2021:

• Las Vegas Home and Condo Prices
• Mark Davis Raider's Mansion

Get caught up on what's new and happening in the Las Vegas real estate market this June. 

Cash Home Sales on the Rise

It seems that cash speaks the loudest when it comes to buying Las Vegas Real estate this year. In May 2021, 31% of sold homes were purchased with cash, an increase of 15% from May 2020. Cash offers are often preferred by sellers over a buyer using financing. Sadly, this practice is putting a strain on new and middle-class home buyers who may have pre-approved loans and are ready to purchase. A good percentage of the cash buyers are coming from out of state, especially California.

As reported in the Las Vegas Sun: Cash Further Squeezes an Already Tight Southern Nevada Housing Market

Resort World Las Vegas Opens Its Doors

Las Vegas Real Estate News for September 2018

North Las Vegas Growing by Leaps and Bounds

North Las Vegas real estate was once a frontrunner in the housing crisis of ten years ago. Today the community is full of new growth, new construction and increased housing prices. In fact, prices are growing so quickly that many home buyers have been completely priced out of a once affordable market. New developers such as Pardee Homes and Lennar are definitely focusing on the higher end housing market with their exciting new developments in North Las Vegas.
Reported by By Matthew Goldstein and Robert Gebeloff, New York Times News Service

Las Vegas Raider Stadium Update

It looks like the estimated completion date of August 1, 2020 for the Las Vegas