The Southern Nevada home builders sold fewer homes during the first quarter of 2022 compared with the first three months of 2021, but Home Builders Research President Andrew Smith said builders are taking out a greater number of permits to prepare for strong demand in the coming months.
Las Vegas set an all-time record in March for luxury home sales of $1 million and higher, led by an $11.4 million sale in Summerlin.
Kairos Investment Management Co., a firm that focuses on value-based real estate investments with favorable risk/reward characteristics, has acquired Siena Townhomes, a 195-unit affordable multifamily property in central Las Vegas in an off-market transaction.
In a luxury segment with limited inventory, putting an aging million-dollar-plus home on the market doesn’t guarantee there’s a buyer, even with such high demand. Buyers, today, want the latest technology, high-end finishes and more open floor plans.
Former Las Vegas Raiders head coach Jon Gruden sold his Southern Highlands home and adjoining lot for $7.025 million, just below the $7.5 million asking price.
The Las Vegas uber-luxury marketplace is getting a new player that’s combining a resort to host weddings and events, along with a 16-home enclave in the Red Rock National Conservation Area that will feature some of the more expensive homes in the valley in excess of $20 million.
NAIOP, the commercial real estate development association, recently honored the NAIOP Southern Nevada Chapter with Chapter Merit Awards (CMAs) for outstanding leadership by a chapter president, volunteer of the year, education and legislative affairs.
Bear Real Estate Advisors, a national investment services firm, represented Cypress West Partners in the acquisition of a four-building, multitenant medical office building portfolio in Henderson. Total sale price for the portfolio totaled $17.1 million.
Las Vegas real estate brokerages doubled the value and amount of luxury homes and condos transactions in 2021 and top four firms retained their same rankings as in 2020, according to research firm BrokerMetrics, which tracks Realtor transactions on the Multiple Listing Service.