Last month the median price of a home dropped $5,000 from a record high, according to Las Vegas Realtors.
Patrick Blennerhassett
Reporter: Real Estate and Housing
Phone: 702-348-3967
Patrick Blennerhassett hails from Kamloops, a small city in Canada, and first started working as a newspaper reporter in the early 2000s. Before joining the RJ, he worked for the South China Morning Post, based out of Hong Kong, where he covered sports and the growing intersection of sports and politics. Patrick was also a writer for Business in Vancouver, covering a wide range of topics including real estate, economics, trade and geopolitics, and for the Victoria News, where he won a Jack Webster Fellowship Award. Patrick’s work has been published in outlets such as The Guardian, The Globe and Mail, Reader's Digest, Chicago Tribune, The Seattle Times, Miami Herald, and he has appeared on CBC, NPR and BBC radio. He is a four-time published author and has traveled to more than two dozen countries.
The Nevada State Apartment Association said the entire state has historically faced a supply and demand imbalance which has put upward pressure on living costs, and more supply is needed.
The latest report from the real estate company has inventory up 44.5 percent year over year ending March of this year, about 25 percent above the national average.
The Las Vegas Valley luxury home market is one of the few in the country that has been showing consistent growth since the COVID-19 pandemic, an executive said.
A Las Vegas executive with CBRE says the high vacancy rate reflects a pandemic building and financial boom, and he expects the rate to come down in the coming quarters.
Las Vegas tied for the 13th-longest average time for homes on the market among the top 50 metropolitan areas in the country.
A man who returned to the offices of a Las Vegas real estate trade group after being told to leave had a handgun in a backpack when police arrested him, according to a report.
A new report from the UNLV Lied Center for Real Estate shows that homebuilding in the valley never returned to normal levels seen before the Great Recession.
Former Las Vegas casino executive Steve Wynn bought the Jersey Shore property in 1986 and sold it in 1994.
A new analysis shows Henderson is 10th in the country when it comes to the size of apartments being built.
Redfin’s latest report on pending home sales across the country comes as Las Vegas home prices sit at a record high for the third straight month.
The average cost to finance a home in the valley has increased from last year.
A new study from RentCafe, which is owned by Yardi, has the valley as the 37th most competitive rental market in the country.
A Las Vegas Realtors official said the March housing statistics are a good sign for the overall residential real estate industry.
Andrew Pascal and Mike Mixer plan on reopening the course as a private course next October and adding private villas for sale in 2027 along with a revamp of the course.