Nevada Residential Real Estate Industry

This page provides the latest featured content on Nevada Residential Real Estate Industry, as well as links to resources from Nevada Business Magazine and other useful websites.

Latest Nevada Residential Real Estate Industry Feature

Living Large: Nevada’s Luxury Home Market

By Jennifer Rachel Baumer

Originally Published: https://www.nevadabusiness.com/2019/01/living-large-nevadas-luxury-home-market/

In late 2018, a condo in the Waldorf Astoria Las Vegas sold for a record-setting $1,633 per square foot. Despite this being an impressive luxury home record sale, it could be eclipsed if a home listed at Crystal Pointe, Lake Tahoe, sells – that listing is for $75 million.

Nevada’s luxury home market is growing. New residents flocking to our state bring with them equity from cities with more expensive housing markets and unfriendly tax environments, and find they can buy a whole lot more house for their money. In 2017, 300 homes priced at more than $1 million sold in Southern Nevada. By the end of November 2018, 392 homes had sold. In Tahoe, by the end of October, 193 homes, listed at more than $1 million had sold, a 58.2 percent increase over the same period in 2017. [Read the Full Story]

Recent Nevada Residential Real Estate Industry Features

A Home Run – Nevada’s Residential Market:
It’s a simple law of Nevada economics: When folks are working, they buy houses. And when they’re making good money, they buy better houses. Those economics are driving stronger residential sales and construction across the state, and executives see little reason for worry about the continued health of the residential sector. [Read More]

A Place to Live: Nevada’s Residential Market: Call it flattening or softening or just call it a leveling off – Nevada’s housing market seems to have found an even keel in the second half of 2016, and most professionals in the industry are calling that a good thing. [Read More]

Nevada’s Top Residential Real Estate Agents: Residential real estate agents in Nevada know, better than most, that the last several years have posed a variety of challenges to their industry. [Read More]

A “Fixer Upper”: Navigating the New Residential Market: These days, Nevada’s residential real estate market is a maze to be navigated, with buyers and sellers alike having to juke and swivel around such things as turbulent national and state economies, a saturated market, rampant unemployment, underwater properties, foreclosures, short sales, out-of-state investors, reluctant banks, government regulation and a small but stubborn demand for even more new houses. [Read More]