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Master-Planned Community Announced for Northwest

Master-Planned Community Announced for Northwest

Plans have been announced for the first master-planned community in southern Nevada since the recession.

The Olympia Companies announced plans to build Skye Canyon, a 1,700-acre community near Grand Teton Drive and U.S. 95 Wednesday. Plans include 9,000 homes along with commercial development and gaming uses.

There are also plans for a hiking and biking trial system and parks designed for outdoor activities.

The same company developed the Southern Highlands master-planned community in the southwest part of the Las Vegas valley and the Southern Highlands Golf Club.

Groundbreaking for the new community is set for the spring.

 

Land Prices Skyrocketing

Land Prices Skyrocketing

 

Raw land in the Las Vegas valley is being sold at higher and higher prices, but experts see an end in sight.

Las Vegas land prices are rising at an unsustainable and “downright scary” pace as the valley’s home building market continues to rebound, a new report says.

Read more in Vegas Inc.

Builders Scramble to Locate Home Lots in Las Vegas

Builders Scramble to Locate Home Lots in Las Vegas

 

The northwest part of the Las Vegas valley has the second highest number of house lots ready for building. Only the southwest has more lots ready to go.

As demand for new homes increases in Las Vegas, home- builders are scrambling to find finished residential lots suitable for development.

Read more in the Las Vegas Review-Journal.

Affordable Senior Housing Project Begins

Affordable Senior Housing Project Begins

 

Local seniors soon will have a new affordable housing option, as the Decatur Pines 2 Senior Apartments begin construction.

This new affordable community will consist of 75 one and two-bedroom independent senior apartments, located at 6741 N. Decatur Blvd. Nevada H.A.N.D., Inc., a 501 (c) 3 nonprofit, will develop the project which completes the third and final phase of the Deer Springs Campus.

The development of this new community is being made possible, in part, through the continuous support of local jurisdictions. In March 2011, Nevada HAND was awarded $1.5 million from the City of Las Vegas and $600,000 from Clark County. The project is also being funded by a Low Income Housing Tax Credit (LIHTC) program partnership with National Equity Fund.

Meritage Homes Introduces “Net-Zero” Homes

Meritage Homes Introduces “Net-Zero” Homes

 

Meritage Homes Corporation recently announced that its new “net-zero” homes, which can produce as much energy as they consume, are now available at all of its communities in Las Vegas.

Last month, Meritage Homes unveiled its “Extreme Green” homes in Las Vegas. These homes can save homeowners up to 50 percent on their utility bills when compared to a typical existing home. The builder’s new “net-zero” homes combine the energy-efficiency features that come standard in its “Extreme Green” homes with a revolutionary ECHO complete solar solution that provides renewable electricity, hot water, and solar air conditioning, resulting in “net-zero” homes that can produce as much renewable energy as they use.

Homebuyers who purchase a “net-zero” home not only can reduce their monthly electric bills, but also be eligible for a $9,000 federal tax credit, making the home even more affordable.

North Las Vegas Sees Largest Number of Homes Sold

North Las Vegas Sees Largest Number of Homes Sold

A new report from Greater Las Vegas Association of Realtors shows the valley had strong home sales April, and one part of North Las Vegas saw more homes sold than any other area.

The report shows 437 single-family homes were sold in the Aliante area of the city at an average of $122,665. Another 38 condo or townhomes were also sold in the area in April. The average price was $63,575. 

Overall, more than 3,000 homes, condos and townhomes were sold in April. That is more than the same time last year, but fewer than the sales figures in March. 

The neighborhood with the second highest number of homes sold in April was the far northwest. Two hundred thirty-one single-family homes sold in that area in April.

Spaces Available for Foreclosure Workshop

Spaces Available for Foreclosure Workshop

Our city is still one of the hardest hit for foreclosures. People wanting to keep their homes will get a chance to get some help. The Las Vegas Senior Citizen Law project is holding a Foreclosure Prevention and Mediation Process workshop on May 11th. People looking to keep their homes out of foreclosure will get a chance to talk with representatives from the City of Las Vegas, The Attorney General's office, The Foreclosure Mediation Program and Consumer Credit Counseling. There will be a question and answer period. The workshop is from 2 to 4 in the afternoon at the Centennial Hills Active Adults Center at 6601 North Buffalo. If you're interested call 229-4167 to RSVP.