Photos: 20,000-square-foot Spanish Trail home on the market for cool $8 million – Las Vegas Sun News

The price tag on a Spanish Trail home may scare most away with its seven-figure asking price, but what’s really up for sale is “design genius, privacy and the perfect home for entertaining,” according to its owner.

Located on an acre lot at 26 Vintage Court, the 12-bedroom, 10-bathroom home is on the market for $7.95 million. It was designed by owners Laura and Jack Sommer, whose family made their fortune in real estate.

via Photos: 20,000-square-foot Spanish Trail home on the market for cool $8 million – Las Vegas Sun News.

Las Vegas home prices leave wage growth in the dust – VEGAS INC

Las Vegas’ soaring home prices outpaced wage growth at one of the fastest rates in the nation the past few years, a new report shows.

The average weekly wage in Southern Nevada in the second quarter last year was $825, up just 2.2 percent from two years earlier. But the median sales price of homes shot up 30 percent in the two years ending December 2014, to $165,500, according to RealtyTrac.

Housing prices outpaced earnings here at the 17th-fastest rate in the country, by a ratio of roughly 14 to 1, the company found.

via Las Vegas home prices leave wage growth in the dust – VEGAS INC.

Genting: Construction will begin May 5 on Las Vegas megaresort – VEGAS INC

The north Strip site formerly home to the Stardust casino, then the scrapped Echelon project, is set to start coming to life again in less than two months when Resorts World Las Vegas finally breaks ground.

Michael Levoff, a spokesman for the Resorts World parent company, confirmed via email that the project would break ground May 5, more than two years after it was first announced. He said developers were “finalizing (their) design and development plan” and intended to open the first phase “towards the end of 2017.”

via Genting: Construction will begin May 5 on Las Vegas megaresort – VEGAS INC.