The statewide Nevada Realtors honored its top members at an awards event in Southern Nevada this month, naming longtime industry leader Keith Lynam as its 2019 Nevada Realtor of the Year, and recognizing others from around the state for their continued service to their association, their profession and their communities.
The president of Summerlin said he expects 2019 to approach last year’s sales and described how the master-planned community is well-positioned to continue its growth in 2020 as it celebrates its 30th anniversary with plans to open residential development north of Far Hills Avenue with a greater focus on affordability.
Moving forward with its vision of creating a Girl Scout camp for girls in Southern Nevada and beyond, Girl Scouts of Southern Nevada (GSSNV) has selected Las Vegas-based LGA Architecture as the firm to design and develop the property in Alamo, 90 minutes north of Las Vegas. The camp will be situated on 36 acres of land that was donated to GSSNV in December 2018 by the Charles and Phyllis M. Frias Charitable Trust.
A national organization of real estate professionals is coming to Las Vegas in February to “declare war on the decline of black homeownership” and given the rates in Southern Nevada, it will be the perfect locale to spread that message.
But nothing symbolizes Edward Homes’ resurgence of a phoenix rising from the ashes than its multimillion spec home Metzka built in MacDonald Highlands that brought Realtors from across Las Vegas to see for the first time during an open house in November.
A recent report by the Greater Las Vegas Association of Realtors shows home prices in Southern Nevada stayed the same from October to November but are still up from one year ago.
Southern Nevada saw its strongest October new home sales since 2006 during a month prices set a record high, in part because of a surge in million-dollar home closings, and builders expect prices to continue to rise in 2020.
Cameron Glinton of LOGIC Commercial Real Estate (Logic) has announced the sale of Hacienda Heights, a 216-unit apartment building in the southeast submarket built in 2008. Logic represented the seller, DK Nellis LLC and procured the buyer, Oak Residential Partners (Oak) of Deerfield, Illinois. The property closed at $33,75 million, which was $175 per square foot, and $156,250 per unit. Logic was engaged to identify a qualified buyer who was familiar with the market and asset to enact a successful close.
Las Vegas has yet to fully recover from the housing downturn a decade ago, and its homeownership rate remains well below the national average with the exception of Hispanics and millennials.