A lot has changed in just a few months, and for many that includes the idea of what a ‘dream home’ looks like. Not long ago, buyers were showing preference toward smaller homes and open concept spaces conducive to gathering. After a few months cooped up inside, those features don’t seem so appealing – and […]
You’ve seen the shows on HGTV, the brand new series on Netflix, the craze on sites like Pinterest and Instagram—tiny houses are all the rage. These smaller spaces come with gigantic opportunities—if you’re looking for an incredibly versatile and stylish home, you may want to look into one of the hottest housing trends of the […]
Looking around Las Vegas, it seems new homes are sprouting up like it was 2004. As the economy has recovered, the new home builders who survived the recession are once again opening new neighborhoods and building once again in new communities stalled during the recession. Are they crazy; aren’t there still loads of distressed houses […]
A wise person once said that we can learn from our past. With this in mind, I found information on new home construction in the Las Vegas area from 1939 to 2010. Looking at the graph is like looking back at the brief but colorful history of our area. Hoover Dam, started in 1931, was […]
Home builders in Southern Nevada sold 7,303 new homes in 2013. This was up 32% from 2012. Builders also pulled 6,952 new-home permits in 2013, which is up 18% from the year before. This is a good sign for more construction to come. Last month, new homes in the Valley sold for a median price […]
Home prices continued their rapid rise in July with a new median home price of $180,000. This is up 35.5% from $133,000 just one year ago. The median price for condos and town homes is up to $91,500, which is a 37.6% increase from last year. Since the low of $118,000 in January 2012, home […]
Our local vacant land market has seen its share of price increases over the past year. The price per acre in the first quarter of 2013 was up to over $183,000. The West part of the Valley led the way at nearly $600,000 per acre. Sales were also up to 578 acres compared to 323 […]
Las Vegas is experiencing a huge increase in land prices with a 90% increase in residential land prices from a year ago. We are also seeing an increase in land sales which are up 37%. Many homebuilders are purchasing up as much land as they can to meet the growing demand for new homes in […]
Lennar Homes has started development for about 200 new homes on a 40 acre parcel near Desert Inn and Tenaya. They are among a slew of local builders including; KB, D.R. Horton, Harmony and Beazer that have begun acquiring parcels of land throughout the Valley. The 40 acre parcel that Lennar acquired is rare for […]
Extremely tight housing inventory is driving more homebuyers to look at purchasing new homes, even though the gap between new and existing home prices remains far above what it was during the normal years according to Dennis Smith, Las Vegas housing analyst. In July of the year, 462 new home sales occurred bringing the total […]
