Category: Las Vegas High Rise Condos

Las Vegas home values continue soaring faster than the country at large and should outpace the nation for the next year.The valley’s median home value last month was $156,600, up 2.8 percent from July and up 30.6 percent from August 2012, according to a new report from housing data firm Zillow.Las Vegas’ month-to-month increase was second fastest among the 30 metro areas covered in Zillow’s report, with Riverside, Calif., leading at 3 percent. Its year-to-year jump also was second fastest, to Sacramento, with 34.1 percent.

via Las Vegas home prices likely to keep rising into next year – Las Vegas Sun News.

With sales climbing, Las Vegas’ home construction business had its best month of the year in August.Southern Nevada builders sold 763 new homes last month, up 29 percent from August 2012 and the highest one-month total of the year, according to a new report from Las Vegas-based Home Builders Research.The median sales price of August’s closings was $266,389, up 31 percent from a year earlier.

via Local home construction business has best month this year – VEGAS INC.

The median price of a previously owned single-family home sold locally last month was $182,000, up 32 percent from a year earlier, according to a report out today from the Greater Las Vegas Association of Realtors.Sales prices have now climbed 18 of the past 19 months after bottoming out in January 2012 at $118,000.Last month, 67 percent of all existing home sales were traditional transactions between a buyer and a seller, the highest that ratio has been in several years. Twenty-five percent were short sales, in which banks agree to let homeowners sell their house for less than what’s owed on the mortgage, and the remaining 8 percent were sales of bank-owned homes, the GLVAR reported.

via Median sales price of single-family home is up 32 percent from a year ago – VEGAS INC.

At a sprawling home for sale near Flamingo Road, you can golf, barbecue, swim, relax in a hot tub, dance under a starry sky and make breakfast while gazing at the mountains.All while 26 feet underground.The two-bedroom, three-bathroom house at 3970 Spencer St. might be the most peculiar in Las Vegas. It is buried 26 feet underground, underneath a typical suburban two-story house.A few miles east of the Strip, it was built in the 1970s to give people a place to safely retreat if the Soviets wiped out humanity with a nuclear missile strike.

via House boasts healthier, cleaner, quieter, cheaper, safer living — 26 feet underground – VEGAS INC.

 

An old, familiar sight has returned to Las Vegas Valley: hammers and hard hats.

Southern Nevada homebuilders, who suffered huge job losses in recent years, have been ramping up work. Sales and prices are soaring as builders pull more permits for future projects.

Local builders sold 4,264 new homes this year through July, up 69 percent from the same period last year. The median price of July’s closings was $266,291, up 37 percent from a year ago. Builders also pulled 4,384 permits through July, up 28 percent year-to-year, according to Home Builders Research.

via See where Las Vegas’ new homes are being built – VEGAS INC.

With $100 million house listings making a thumping comeback, any upcoming real estate television should could be aptly titled “$100 Million House Listing”. Real estate analysts in the United States point out that around a dozen of homes in the U.S could well be listed in the market with a price value around $100 million.This list is very near the figure of 2007 house listings, when the industry was in its best phase. Jonathan Miller, the CEO of Miller Samuel, a consulting firm points out that this boom is the best that he had ever seen.

via $100 Million Home Listings Returning | Bornrich.

A $190 million dollar home! Yes it is true.  Built in 1898, this 13,500 square foot mansion sits on 50 acres of land and boasts about one mile of shore front.  It is called Copper Beech Farm.  Located Greenwich, CT, a town known for its unbelievable mansions, the real estate listing says this home “has no peers”.Listed by Christies International Real Estate, this estate has 12 bedrooms, 7 full baths, 2 partial baths, a 12 foot ceilings in the main rooms, paneled library, pool and pool house, greenhouse, a beach, a carriage house, grass tennis court, a separate staff kitchen and spectacular water views.The home was originally purchased by the Lauder Greenway family in 1904.  Harriet Lauder Greenway whose father helped Andrew Carnegie found U.S. Steel apparently sold it to timber tycoon John Rudey about 30 years ago.  Rudey now, according to a report in the Wall Street Journal a few months back, is selling the Victorian French Renaissance mansion because his children are all grown.

via COCOCOZY: THE MOST EXPENSIVE HOME IN AMERICA – SEE THIS HOUSE.