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Category Archives: New Homes

New vs. Resale

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 […]

Home Prices Continue Rising

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 […]

Builders Buying Up More Land

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 […]