Real Estate

Report: House flipping in Las Vegas has scaled back but remains lucrative

Realtor Helen Riley and Fafie Moore, a Realty Executives owner/broker, leave a home being offered for sale in Henderson on Monday, April 8, 2013.

House flippers are slowing down in Las Vegas and making less money than investors nationally, but they’re still doing plenty of deals here and ...

A tale of two ‘bargains’: One Las Vegas home sold for $8M, the other for $10K

A home at the Desert Garden condo complex, 1720 W. Bonanza Road, shown above on the right Monday, Feb. 23, 2015, sold for $10,000 in cash in 2014, the cheapest resale in the area last year. The estate at 99 Hawk Ridge Drive in Summerlin, left, sold for $8 million in cash in 2014, the most expensive resale in the area last year.

At the base of Las Vegas’ western mountain range, a mansion in the Ridges, one of the wealthiest and most exclusive areas of town, has a movie theater with a 15-foot screen, a fitness room, a 4,600-square-foot guest house and a sleek pool area fit for a boutique hotel.

Analysis: Is construction-defect law stunting Nevada’s housing market?

An aerial view of a residential neighborhood in Las Vegas.

Las Vegas’ once-battered housing market has improved the past few years but remains riddled with problems such as foreclosures, underwater borrowers, flat wages and ...

Las Vegas toasts goodbye to the Gramercy

The Gramercy real estate project implodes its nine-story residential tower Sunday, Feb. 15, 2015.

It was almost 7:30 in the morning, on a Sunday no less, but in Las Vegas, when a building is about to be imploded, it’s never too early for a bloody mary or a mimosa. Under tents, drinks were flowing today as a crowd watched the Gramercy’s residential tower, for years a visible scar of Las Vegas’ building bust, imploded with copper-clad plastic explosives and dynamite ...

Lenders are back to putting squeeze on delinquent Nevada homeowners

The front door of a vacant home is shown in North Las Vegas, April 2, 2013.

After backing off for a while, banks ramped up the pressure on delinquent Nevada homeowners last month, seizing more homes and starting the foreclosure process on ...

Las Vegas home market endures sluggish month

Home on 8228 Mt. Nido Drive.

Las Vegas’ housing market started the year with mixed results, as prices were up from a year ago but sales totals dropped.

Economist brings national perspective to the Las Vegas housing market

Las Vegas, like much of the country, had a wild real estate boom last decade and a big bust with the recession. But things were more extreme here ...

Las Vegas ranks high for ‘zombie’ foreclosures

A vacant HUD home is shown in North Las Vegas April 2, 2013. A neighbor said that it has been vacant for about two years. (1524 Gaber Court, North Las Vegas)

Las Vegas homeowners on the path to foreclosure pack up and leave more often than most struggling borrowers around the country. The Las Vegas area has a “zombie” foreclosure rate of ...

‘Vegas Modern’: Builder adding twist to re-energized luxury-home market

Sky Terrace, a luxury housing development shown Friday, Jan. 16, 2015, is one of three Blue Heron communities in Henderson.

Blue Heron is developing three communities of high-end, desert-themed luxury homes in Henderson and building custom homes around the valley. Co-owner, lead designer and Las Vegas native Tyler Jones tries to blend indoor and outdoor space, and subtly packs his cube-shaped homes with ...

2014 not a robust year for Las Vegas homebuilders

A KB Home roof is tiled during the Super Saturday sales event at the master-planned community of Inspirada on Saturday, Oct. 4, 2014.

Las Vegas homebuilders, after bouncing back strong from the recession, had a lackluster 2014. Sales volume dropped hard, prices were volatile, and after ramping up construction plans in the first half of the year, developers pulled back sharply ...

Crumbling, off-Strip tower in Las Vegas scheduled for daytime implosion

This partially built, nine-story residential tower at Gramercy, formerly ManhattanWest, on Russell Road near the 215 Beltway in Las Vegas, is being prepared for implosion on Jan. 22, 2015. Demolition is planned for 8 a.m. Feb. 15.

Stardust. Desert Inn. New Frontier. Dunes. All famed Las Vegas casinos, all imploded in spectacular fashion. Add a property to this list of dynamite and destruction: the Gramercy ...

Investor: L.V. office building buy ‘an opportunity we couldn’t pass up’

Dornin Investment Group recently bought City Centre Place, a six-story office building in downtown Las Vegas, for $21.5 million. The building is pictured above on Jan. 13, 2015.

Real estate investor Chris Dornin, who buys financially troubled buildings in states slammed by the recession, has inked another deal in Las Vegas. Dornin recently bought City Centre Place, a six-story, 104,000-square-foot office building downtown, for ...

For $140 million, another portion of mall on Las Vegas Strip changes hands

A view of the Showcase Mall on Las Vegas Boulevard, Tuesday, Jan. 13, 2015.

Less than a year after buying most of Showcase Mall, a group of New Yorkers has apparently bought another chunk of the Strip retail hub for big dollars. Jordache jeans founders the Nakash family, real estate investor Eli Gindi and home-curtains manufacturer Elyahu Cohen have teamed up, property records indicate, to buy ...

Nevada sees foreclosure rate slide in 2014

A view of homes from a Vegas Balloon Rides craft floating over the western edge of Las Vegas, Oct. 18, 2013.

Foreclosures slowed drastically in Nevada last year, but the state remained one of the hardest hit in the country as banks eased off ...

Las Vegas bank-owned home prices lagging behind other resales

When the Las Vegas market hit bottom in early 2012, single-family homes sold for a median $118,000 and, within that, bank-owned homes for $100,000.

After the Las Vegas housing market hit bottom in early 2012, bargain-hunting investors bought houses in bulk and pushed up prices valleywide — even for homes that had been trashed by vandals or past owners. But now, as the market cools and investors back out, busted houses ...