A house at 109 Woodley St., near Rancho Drive, is in the 89106 ZIP code in Las Vegas. (Chase Stevens/Las Vegas Review-Journal) @csstevensphoto The small house in central Las Vegas stands out a bit due to its salmon-colored exterior, but otherwise fits right in with the neighborhood of older, low-slung homes. Since the recession, its value has also shot up – but that’s not much of an anomaly either. Southern Nevada home prices rose at one of the fastest rates in the country last year amid a growing population and strengthened job market. According to a new report from SalesTraq, the residential research arm of consulting firm Applied Analysis, resale prices climbed in 2018 in every ZIP code in the valley for the second year in a row, and they rose fastest in more centrally located areas — which tend to have older homes and lower prices. The findings mirror the last few years’ results, showing that as prices push higher, areas with less-expensive offerings are … [Read more...] about Las Vegas Valley home prices grew in all ZIP codes in 2018
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New Las Vegas driving experience puts participants in police chase
Miranda Alam/Special to Sun A media demonstration at Police Chase Las Vegas at the Las Vegas Motor Speedway on Tuesday, Nov. 20, 2018. By Ricardo Torres-Cortez (contact) Sunday, Nov. 25, 2018 | 2 a.m. Police Chase Media Day Launch slideshow » Blue and red lights flashed in the rearview mirror of a convertible at Las Vegas Motor Speedway. Then suddenly, the red Ford Mustang spun out and came to a stop, tires smoking and the smell of burning rubber wafting through the air. The demonstration of the pursuit intervention technique — or PIT maneuver — in which the pursuing car taps the back of the other vehicle is part of Police Chase Las Vegas, a driving experience opening in January at the raceway. Geared toward thrill-seekers, the attraction puts participants in the middle of a realistic police pursuit. Jay Bloom, one of the founders of the business, said he came up with the idea after driving on a police obstacle course. He said flipping on the blue … [Read more...] about New Las Vegas driving experience puts participants in police chase
Raiders’ success in selling Las Vegas tickets makes some uneasy
Visitors view a Raiders stadium model at the Las Vegas stadium preview center at Town Square in March. (Erik Verduzco/Las Vegas Review-Journal) One thing we’ve learned about Raider Nation as it builds its relationship with Southern Nevada: It’s fiercely loyal. You can see it in the passion of many fans in Oakland, who are still in disbelief that the team would leave the Bay Area for the desert. Some have rooted against almost every aspect of the construction of a $1.8 billion Las Vegas stadium in blog posts, tweets and emails to the Review-Journal. And, you can see it in the willingness of the high-end market to spend between $20,000 and $75,000 for the right to buy a single premium club seat in the 65,000-seat facility scheduled to open for the 2020 season. The revenue generated by the sale of personal seat licenses for the stadium will go a long way toward the Raiders’ nearly $1.1 billion contribution to construction costs. Between loans secured by the team and PSL … [Read more...] about Raiders’ success in selling Las Vegas tickets makes some uneasy
As the Raiders prepare to say a long goodbye to Oakland, they are immersing themselves in their new home in Las Vegas
By Vincent Bonsignore | [email protected] | Daily NewsPUBLISHED: July 7, 2018 at 10:25 pm | UPDATED: July 7, 2018 at 10:27 pm LAS VEGAS – Long before Las Vegas emerged as a viable landing spot for Mark Davis and his Oakland Raiders and the state of Nevada pledged $750 million to help build them a stadium and the National Football League approved the Silver and Blacks relocation here, the Raiders owner was already pointed in Southern Nevada’s direction. It came in the form of a heads up from a Davis friend back in the 1990’s about the cost-savings benefit of owning a cell phone with a Las Vegas area code number. Back in the day, Vegas cell phones were one of the first to allow users to make national calls without incurring costly roaming charges. Davis, not too proud to take advantage of a deal, immediately purchased a phone with a 702 area code. Seeing as all his friends and colleagues memorized the number – and not wanting to put them through the … [Read more...] about As the Raiders prepare to say a long goodbye to Oakland, they are immersing themselves in their new home in Las Vegas
Las Vegas house prices may hit pre-recession peak in 2018
A for sale sign is displayed at a Ravanusa Drive home near Seven Hills Drive in Henderson in 2017. (Bizuayehu Tesfaye Las Vegas Review-Journal) Las Vegas house prices have climbed fast and could reach their pre-recession peak this year, a new report says. The median sales price of previously owned single-family homes was $295,000 last month, up 2.1 percent from April and 18 percent from May 2017, according to the Greater Las Vegas Association of Realtors. A total of 3,140 single-family houses traded hands, up 9.1 percent from April but down 10.7 percent from a year earlier. Las Vegas’ inventory shortage also showed signs of easing, as 4,118 houses were on the market without offers at the end of May, up 7.9 percent from April but still down 17.2 percent from last May, the GLVAR said. The trade group reports data from its listing service, which largely comprises previously owned homes. Single-family houses make up the bulk of the market. Las Vegas’ median house price peaked … [Read more...] about Las Vegas house prices may hit pre-recession peak in 2018