Despite rising prices, Las Vegas homebuilders sold their highest number of homes since 2006 but shortages in labor, materials and land will continue to put a cap on growth in 2022 despite strong demand, industry insiders say.
A report released Thursday by Las Vegas Realtors shows 2021 was a record year for sales of existing homes in Southern Nevada, with more than 50,000 properties changing hands despite rapidly rising prices and a tight housing supply.
Commercial Real Estate Women (CREW) Las Vegas has announced its new board for the 2022-23 term.
LAS VEGAS, NV – November 16, 2021 – KTGY, a leading full-service architecture, branding, interior and planning firm focused on residential, retail, hospitality and mixed-use developments, today announced the grand opening of Obsidian, a single family community within the Summerlin Masterplan. Geared toward young professional buyers, the collection of 94 single family homes utilizes an efficient footprint to help mitigate high costs in an often-expensive area.
We’ve never lived through a year like 2021. In case you don’t remember, we said that at the end of 2020. I expect the Las Vegas luxury market will get hotter in 2022 and remain hot for at least another several years.
Newmark 1 announced that it has arranged the $135.2 million sale, $359,575 per unit, and $91.4 million financing of Lyric Apartments, a luxury 376-unit multifamily community in the high-growth area of Las Vegas’ Silverado Ranch submarket.
The Las Vegas luxury housing market showed no sign of slowing down as the year wound down and The Ridges in Summerlin led the way with five sales in excess of $5 million.
Minutes away from the Lee Canyon Ski Resort, 2470 Avalanche Trail is nestled among the forested pine backdrop of Toiyabe National Forest. It’s soaring 8,245-foot elevation showcases breathtaking 360-degree views of the surrounding forest and mountains.