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Vegas News, Alerts, ePaper
New law improves online protections for homeowners

Pursuant to SB 378, that was adopted this session and went into law earlier this year, entities processing homeowner payment transactions are now required to maintain a minimum of $5 million dollars in cyber-security insurance “that provides coverage for losses arising out of or relating to data breaches, unauthorized intrusions into an information system, computer viruses, ransomware, identity theft and similar exposures.”

Painting inspires home’s remodel project

The vibrant, Vegas contemporary interior renovation of 11436 Opal Springs Way drew its design inspiration from “The Peacock Sisters” — a painting by Spanish Artist Joselu Montojo.

Demand for luxury apartments continues to increase

According to reports by Coldwell Banker, 2023 will be a record-breaking year for apartment complex completions in Las Vegas as 19 high-end multifamily developments have or will be completed this year or by early 2024 — adding 7,000 units to the city’s inventory. By contrast in 2022, only 882 units came online.

REAL ESTATE BRIEFS

Century 21 Gavish Real Estate has joined Century 21 Americana, the two largest Century 21 brokerages in Nevada, to expand operations across Southern Nevada.

Cadence to host car show Oct. 1

The Cadence Car Show returns to Cadence Oct. 1 from 10 a.m. to 3 p.m., featuring classic and modern vehicles, DJ entertainment, food trucks, activities, a 21-and-older beer garden and unparalleled views of the Las Vegas Strip.

THE LATEST
New Palm Springs custom mansion hits market for $5.2M

A modern oasis designed to redefine luxury living in Palm Springs has hit the market for $5.2 million, with construction anticipated to be complete in spring of 2024. Dean Sipe with The Dean Sipe Group at Berkshire Hathaway HomeServices California Properties has been selected to represent the home, located at 3172 E. Bogert Trail in the highly sought-after Andreas Hills community.

Las Vegas luxury market recorded best August in history

Led by a $21.25 million sale in The Summit Club in Summerlin, the Las Vegas existing home luxury market recorded its best August in history and had its highest number of sales since June 2022.

Lake Las Vegas to host INSPIRE Weekend Sept. 23-25

Lake Las Vegas will host INSPIRE Weekend on Sept. 23-25, an action-packed weekend of fun, wellness and sports activities to benefit local nonprofit, the Inspiring Children’s Foundation.

HOAs can buy flood insurance but it’s expensive

Is it possible for the HOA to purchase flood insurance for the complex even though it is not in a high-risk flood zone?

Builders pulling more permits; still down from 2022

Las Vegas homebuilders are obtaining a greater number of permits to ramp up production but are staying on the sidelines for now when it comes to major land acquisitions for future development.

Richmond American’s Osprey Ridge to open in Summerlin

Osprey Ridge by Richmond American Homes is the newest neighborhood to open in the master-planned community of Summerlin. Situated in the district of Kestrel in Summerlin West, a growing area of the community west of the 215 Beltway that offers easy freeway access just minutes from Downtown Summerlin, the new neighborhood boasts exceptional vantage points and vistas given the area’s elevated topography.

High home prices drive buyers to affordable town homes

Las Vegas set a record in May when 29.1 percent of new-home sales were attached products — primarily town homes — and that trend shows no sign of slowing as builders continue to pursue denser developments.

Vegas new home luxury sales hits record high

Aided by price increases and strong demand at the luxury level, Las Vegas recorded its highest number of new-home sales in excess of $1 million during the first six months of 2023.

New law will allow HOA electronic voting for elections, recalls

Assembly Bill 309 allows HOAs to utilize electronic voting for elections and recalls. It also allows HOAs to use autopay and opens the door to development of new management transition requirements.

What’s the difference between real estate agent and Realtor?

Lately with the real estate market being so hectic with inventory down and interest rates up clients — both buyers and sellers — have asked me what is the difference between a Realtor and someone else who also has a real estate license but they are just a real estate agent.

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Downtown Summerlin announces fall events

With the start of the fall season just weeks away, Summerlin and its dynamic and vibrant urban core of Downtown Summerlin are preparing for three events that have become seasonal community traditions for residents of all ages and interests.

Off-the-grid cabin lists for $1.2M

The home — powered by solar, propane and a Generac generator — is a self-sustainable off-the-grid property that provides all the conveniences of home.

Summerlin is nation’s No. 5 best-selling master plan

Summerlin continues to demonstrate strong demand for housing as Nevada’s top-selling community ranked No. 5 nationally in new home sales in a recent midyear report by national real estate consultant RCLCO. The Summerlin community, developed by The Howard Hughes Corp., sold 544 new homes during the first six months of 2023, continuing its strong sales momentum, and maintaining the prominent position it has held on the RCLCO list for over two decades.