The average sale price of single-family homes in Southern Nevada was an even $300,000 in September, which marks the highest transaction amount since June 2006 when it peaked at $315,000, according to the Greater Las Vegas Association of Realtors.
The Las Vegas mansion where pop icon Michael Jackson once lived is up for sale for $9.5 million. The 1.7-acre compound with seven bedrooms and 12 full bathrooms is at 2710 Palomino Lane, near Rancho and Alta drives.
Some home owners may be having some Irish luck and finding a big pot of home equity. And, Las Vegas may have the luckiest home owners of all. Home shoppers who purchased a home in the Las Vegas metro area in January 2012 may have seen their home value increase a whopping 75 percent, on average.
How Do Foreign Buyers Decide on a U.S. Location for a Home Purchase?
Foreign buyers purchase U.S. residential existing-home properties for a variety of reasons—for example, vacation, investment, asset diversification, and residential use. How do they decide where to buy?
Home prices are on the move this spring, as many markets inch closer to prices they haven't reached since the peak during the housing boom. Twenty-six states as well as the District of Columbia were at or within 10 percent of their peak home prices, according to the February 2015...
Bounce in Las Vegas home sales might signal listings at ‘more realistic prices’
Home prices in the Las Vegas area are up 7.3 percent from a month ago and nearly 31 percent from last year as supply stays short. Officials with the Greater Las Vegas Association of Realtors said Tuesday that the median price for a single-family home sold in March was $161,000, up from $150,000 in February.
Foreclosures are taking longer to complete, according to new data from RealtyTrac's March 2015 Foreclosure Market Report. Properties in the foreclosure process took an average of 620 days until the foreclosure was completed during the first quarter, up from 604 days in the previous quarter and from 572 days in the first quarter of 2014.
The Realtor Magazine
The Official Magazine for the National Association of REALTORS, covering real estate trends, real estate news and data.