LAS VEGAS, NV – After several months in a row of ebbing and flowing and coming precariously close, Las Vegas home prices in January finally set a new all-time record for the region. According to a new report by industry group Las Vegas REALTORS, the median price of an existing single-family home in Las Vegas reached $485,000 in January; this represents a whopping $10,000 increase over the previous month’s price and a jump of nine percent year-over-year. The previous record high in Vegas was $482,000, set back in May 2022. Brian Gordon, Principal with Applied Analysis, said that following a degree…
LAS VEGAS, NV – A potential trade war still brewing between the United States and Canada, Mexico, and China could have a negative impact upon the housing market – both in Las Vegas and nationwide – if it comes to fruition, real estate experts say. President Trump had originally planned to implement 25 percent tariffs on goods imported from Canada and Mexico, along with a 10 percent tariff on Chinese imports, all of which were originally slated to begin on February 4. However, the tariffs against Canada and Mexico were placed on hold for 30 days after the two countries agreed to…
LAS VEGAS, NV – The luxury housing market in Las Vegas is already off to a very strong start in 2025, with January’s biggest sale coming in at a whopping $13.5 million for a high-end property located in the affluent The Ridges master-planned community in Summerlin. Simply Vegas owner and listing agent of the sale, Gavin Ernstone, said that Las Vegas is off to one of the best years that its luxury housing market has seen in some time. It’s a very busy start to the year,” he said. “We’re just seeing a very solid influx of people buying. The market is…
Rental Homes & Investment Properties Tule Springs is one of North Las Vegas’ newest master-planned communities and continues to be a highly desirable location for rental homes and long-term investment properties. Featuring contemporary single-family homes, thoughtfully planned neighborhoods, community parks, walking trails, and convenient access to outdoor recreation, Tule Springs attracts families, professionals, retirees, and relocating residents seeking a modern lifestyle in one of Southern Nevada’s fastest-growing residential areas. For rental property owners, Tule Springs offers excellent long-term investment potential thanks to its newer housing inventory, expanding infrastructure, and strong demand among renters looking for modern homes. The community appeals…
LAS VEGAS, NV – As the death and devastation brought on by the ongoing Los Angeles wildfires continues unabated in neighboring California – with countless unfortunate residents displaced from thousands of homes at this point – a real estate industry expert is anticipating the tragedy to begin impacting the housing market in the Las Vegas Valley, an area already dealing with a significant housing crisis of its own. Many Los Angeles residents who have lost their homes due to the out-of-control fires may be considering looking to relocate to Southern Nevada, on either a temporary or permanent basis, according to the…
LAS VEGAS, NV – Amid the ongoing wildfires that have already reportedly destroyed over 10,000 structures in Southern California – as well as taking into account the rising number of natural disasters that have rocked numerous regions throughout the nation – there has been an increased number of Google searches on the part of people who have been seeking out areas to potentially live in that are deemed safe in that regard. A new study has ranked Las Vegas, Nevada as the number one safest major metropolitan area in the United States in which to live when it comes to the number…
LAS VEGAS, NV – Southern Nevada real estate experts are discussing their opinions on how the industry may potentially shift and evolve over the course of the next four years, and many are predicting a boom in the number of luxury housing purchases in Las Vegas under the incoming administration. Managing Director of RCLCO Real Estate Consulting, Gregg Logan, noted that Trump’s return to the White House could have serious impacts upon the housing market, due to his ties to real estate and the policies he implemented during his previous tenure as President that were deemed to be friendly to businesses. Trump’s…
LAS VEGAS, NV – One of the major hot-button topics that may affect the outcome of the 2024 presidential election on Tuesday is said to be the housing crisis currently plaguing the Las Vegas Valley – and the affordability concerns that are driving it – due to a growing lack of land available for new development, experts say. According to John Tuman, Executive Associate Dean of the College of Liberal Arts and Professor of Political Science at University of Nevada, Las Vegas (UNLV), Latinos, who make up a rapidly-growing demographic in Nevada – 30 percent of residents currently identify as such, with…
LAS VEGAS, NV – While still generally far more affordable than most other areas of the country, the cost of living in Las Vegas has come under scrutiny recently amid surges in both house prices and rent, but a new survey released by real estate company Redfin indicates that a recent increase in the number of housing units available on the market has led to a corresponding decrease in the amount of money that tenants are paying their landlords each month. While not all renters are experiencing a drop in what they pay, many reportedly are; when Las Vegas Valley resident Erin…
LAS VEGAS, NV – While Las Vegas has always been a hotbed of real estate activity, a new report indicates the city currently boasts the highest levels of growth in terms of new home listings out of the entire nation. According to residential real estate brokerage and mortgage origination services company Redfin, in August of 2024, the number of new home listings in Sin City jumped an impressive 12.8 percent year-over-year, which represents the biggest increase out of any metro area in the United States. However, Redfin did not note the overall number of listings that this encompassed, just the percentage of…
LAS VEGAS, NV – The affluent SouthShore Lake Las Vegas master-planned community will be welcoming a prestigious new neighborhood early in 2025: La Cova, which according to developer Tri Pointe Homes is a luxury waterfront resort-style community whose homes will boast a luxurious European design aesthetic, right in the heart of Nevada. Mike Woodley, President of Woodley Architectural Group – the firm that helped to design the community’s unique look and feel – noted that the guard-gated La Cova will be comprised of 42 residences spread out amongst three enclaves on adjacent peninsulas. We were careful to contextualize the homes to…
LAS VEGAS, NV – After a number of borrowing rate increases over the past several years instituted in an attempt to combat skyrocketing inflation and prevent a potential national recession, the Federal Reserve is finally expected to implement their first rate cut in four years on Wednesday, with experts anticipating that the move will begin to lower the historically-high interest on mortgage loans. Other decreases due to Wednesday’s expected cut are to be seen with auto loans, credit cards – the nation debt for which recently hit $1.1 trillion, the highest level in U.S. history – and business loans. The rate…
