If you are thinking about buying a brand-new home in the Las Vegas Valley, here is what the market looks like this fall. In late October we looked at every floor plan 29 builders were advertising across 250 communities, 847 plans in all, and ran the numbers. The short version: the typical new home starts at about $567,000 for roughly 2,250 square feet, which works out to about $264 per square foot. Half of all floor plans start between $445,000 and $892,000. Most new homes start between $400,000 and $600,000 T... read more

Another strong signal for where Las Vegas is heading. Red Ridge Development’s plan to start construction this spring on its luxury high-rise in Symphony Park reflects more than one project moving forward. It reflects continued confidence in the long-term future of vertical residential development in urban Las Vegas. As land becomes more constrained and the city continues to mature, well-positioned high-rise and mixed-use product in the right locations should only become more relevant. From a developer service... read more