Las Vegas Real Estate News

As weather cools, so predictably are local home prices.

The median price of existing single-family homes sold in November was $261,150, down slightly (0.7 percent) from October, but still up 8.8 percent from November 2016. My prediction is that we will peak in the single family market around the 4th quarter of 2019. If you are banking on appreciation, I would not get into the market after 1st quarter of 2018.

Why migration has stalled in American cities with the most opportunity

This is an interesting article explaining why cities with the most job opportunities are not expanding as rapidly other cities that offer cheaper housing. Places like the Bay Area and Boston are not attracting as many people because the cost of housing is steep.

Wynn Adds Final Piece to 280-Acre Site on Las Vegas Strip

Wynn Resorts Ltd (Nasdaq: WYNN), continuing its development surge on the North Las Vegas Strip, announced this morning it has agreed to buy the former site of the New Frontier hotel for $336 million. The agreement completes an assembly of 280 acres extending from the Las Vegas Convention Center on Paradise Road from the east to Industrial Road on the west, with combined frontage on the Strip of two-thirds of a mile. Wynn has just finished plans for the $1.5 billion initial phase of the Paradise Park mixed-use project,