New home sales slightly dipped in 2019, but don’t tell that to the valley’s five largest builders who saw their share of the marketplace jump dramatically since 2017 to two thirds last year.
Newmark Knight Frank has announced it facilitated the sale of Bonneville Square, a five-story office building in downtown Las Vegas, for $14.9 million.
Homebuilder Century Communities has taken over as the master plan developer of Skye Canyon in northwest Las Vegas by acquiring the remaining 400 acres for development not already assigned to builders. The price was $59.1 million.
Summerlin, led by its communities The Vistas, The Paseos and The Ridges, along with Henderson swept the top five spots for having the highest median existing home price sales in 2019 — a year that showed overall price growth slowed in the valley and should continue to do so again in 2020, according to Brian Gordon, a principal at Applied Analysis whose firm prepared the annual report.
The Summerlin home of Golden Knights’ owner Bill Foley ranked as the third most expensive single-family home sold in Las Vegas in 2019.
The Las Vegas new-home market got off to its hottest start in 13 years and there are signs builders are focusing even more on town homes and affordability that’s bringing out the buyers.
The local housing market kicked off the new decade with home prices and sales increasing from the same time last year, but giving back gains made in December. So says a report released Thursday by the Greater Las Vegas Association of Realtors.
Television celebrities and designers, including one based in Las Vegas, combined forces and showcased the latest trends in interior design during this week’s World Market Center winter home furnishings’ show.
The Las Vegas high-rise condo at the Palms Place that set a sales record at $12.5 million in November underwent more than $1 million in renovations and now is being rented out for $5,000 to $25,000 a night for corporate parties and celebrities. Weddings are on the horizon for 2020.