Certain Points to Look At

Suppose you are not much familiar with the New York, then you would not like to use services of the real estate agent to find apartment guide las vegas The apartment rental web sites will as well help you to find the dream property. Once everything has been looked at and seems to be in order, and once you have decided that the place is congenial and the management most likely cooperative, it will be necessary to review and sign the lease. It is important to read this and make sure that it is clear, particularly about duration, rent and how to deal with problems or disputes if they arise and how to get out of it if necessary. The first step in the process of completing a lease often involves being sure that the rent is something that you can afford, and sometimes it is necessary demonstrate that in signing the lease. So, here are a few tips on selecting between different apartments in Las Vegas- Continue reading “Certain Points to Look At”

Former Frank Lloyd Wright apprentice helps design Lake Las Vegas home — VIDEO

Sited on a 1.2-acre lot, the two-story, 8,838-square-foot desert-contemporary home is listed for $7.5 million. (Synergy/Sotheby’s International Realty)

Vernon D. Swaback, FAIA, FAICP, was a Frank Lloyd Wright apprentice at the age of 16. He is the founding partner of Arizona-based Swaback Architects + Planners. (Swaback Architects + Planners)

This 8,838-square-foot desert-contemporary home is at Lake Las Vegas on the North Shore. (Synergy/Sotheby’s International Realty)
The home has two levels connected by a floating staircase. (Synergy/Sotheby’s International Realty)

The master bedroom has a view of Lake Las Vegas. (Bill Hughes Real Estate Millions)
Water’s Edge’s European-inspired kitchen features a double island, professional-grade appliances and walk-in pantry. (The Bill Hughes Real Estate Millions)
The home has a large pool area and fire features. (Synergy/Sotheby’s International Realty)
The balcony has a view of Lake Las Vegas. (Synergy/Sotheby’s International Realty)
The dining room. (Synergy/Sotheby’s International Realty)
The balcony has a view of Lake Las Vegas. (Synergy/Sotheby’s International Realty)

Water’s Edge is in North Shore at Lake Las Vegas. (Synergy/Sotheby’s International Realty)

Showcasing 300-degree lake views, Water’s Edge serves as an oasis in the desert.

An exquisite Lake Las Vegas show home, Water’s Edge is on the lake’s North Shore at 23 Summer House Drive in the exclusive Estates at Reflection Bay. The home’s timeless design was founded on the principles of the iconic Frank Lloyd Wright.

“Every part is related to the whole,” said Vernon D. Swaback, FAIA, FAICP, about Wright’s philosophy of learning from nature. “There are no individual parts. It’s all one, kind of like nature.”

Swaback, founding partner of Arizona-based Swaback Architects + Planners, trained under the famed architect as his youngest apprentice.

“I was with him for the last two, almost three years of his life,” recalled Swaback, who was 16 years old when he began his apprenticeship. “I always felt that I was blessed by the timing. I was there when he was perhaps at his creative best, so I’ve been able to spend a lifetime doing what I learned. That’s pretty special.”

Under the guidance and teaching of Swaback, Mike D. Wetzel, AIA, NCARB, of Swaback’s firm led the design of Water’s Edge.

“It occurred to me this would be the perfect signing-over moment,” Swaback said about handing over the design reins to Wetzel. “Instead of Mike being involved as my support system, he would become the architect. To me, there is no greater measure of my own success than Mike Wetzel,” Swaback added. “And that award-winning property to show for it.”

In addition to Swaback Architects + Planners, Etta Cowdrey, CEO of Studio V Interior, Architecture and Design, was the project manager, with Merlin Contracting providing general contractor services.

Sited on a 1.2-acre lot, the two-story, 8,838-square-foot desert contemporary home features four bedrooms, including a private master suite, five full baths, a custom LED light package, a full bar with three temperature-controlled wine refrigerators, a theater, a private office with separate exterior access and is wired for a Crestron home automation system.

Water’s Edge is listed as fully furnished for $7.5 million through Gene Northup, broker and owner of Synergy/Sotheby’s International Realty.

Reflecting the diversity of its surroundings was important in the overall design. The interior showcases a soft color palette blending warm grays and whites. It features 20-foot ceilings, clerestory windows and stunning lake views from almost every room of the home.

“The home has a strong visual and physical connection to the lake,” Wetzel said. “We were thoughtful with all spaces and wanted every space to have some experience with the lake.”

The experience unfolds upon approach where a 10-foot glass door draws the eye out to the amazing water vistas through another glass door on the other side.

A dramatic 20-foot, Coronado stone-encased fireplace surround, accented with backlit wood panels, serves as a powerful focal point for the main living area. As a sophisticated touch to the design, a 10-foot black metal chandelier hangs in the center of the expansive room.

“We were able to include this stunning chandelier and the fireplace to embrace the full height of the two-story space,” Cowdrey said. “It’s very dramatic.”

The open floor plan continues outdoors through glass pocket doors located in key areas throughout the home.

“One of its greatest features is the indoor-outdoor living feeling you get from every room,” said Patrick Parker, president of Raintree Investment Corp., which is developing Lake Las Vegas. “Whether the glass doors are open to create an outdoor living room within the comfort of home or relaxing in the master bedroom with a panoramic view of the lake and mountains.”

Water’s Edge’s European-inspired kitchen features a double island, professional-grade appliances and a walk-in pantry. The gray oak flooring and chalky dove-gray painted cabinetry contrast its stark white quartz counters.

“I think that palette is going to be timeless,” Cowdrey said. “It has clean lines, but the way we softened it was by adding softer textures and palettes to the home. Colors that are going to blend off the landscape but also the pretty blue water.”

The private master suite features a separate sitting area distinguished by another Coronado stone-encased fireplace. Lake views immerse the room through expansive windows and pocket doors opening to a private patio and pool deck.

A stunning, raised four-sided negative-edge spa and 50-foot rectangular pool showcase a 30-foot waterfall edge that appears to seamlessly connect to the lake while bordered by a 30-foot linear fire feature. Each of these elements complements the tranquil lake beyond.

The home’s floating staircase leads to an upper level complete with views into the lower great room and sophisticated chandelier. The second story features three en suite bedrooms, a loft and a flex room that can easily be converted into another bedroom. Lake vistas are the focal point from several upper decks.

The home’s orientation captures all the primary views, while the cantilever roof provides the maximum shade.

According to Wetzel, the landscaping is the “final touch to the canvas, bringing the entire project into completion.”

“Placement of the landscape complements the architecture in the forms, species and sizes selected,” Wetzel said. “Trees and appropriate landscape species were placed to provide privacy while not interfering with the views.”

The home features its own private porte-cochere entrances bordered by a dramatic stone wall, as well as a private sandy beach and boat dock.

“We wanted to create unique surprises of design,” Cowdrey said. “That is what they hired us to do, give something you haven’t seen before.”

The exclusive estate was a culmination of over two-and-a-half years of planning and work. Design work began on the home in 2016, with construction completed in March of this year.

According to Parker, the residence represents more than a luxury show home for Lake Las Vegas as it is the first time an ultra-luxury contemporary house was built in the community.

“We think that is very important for Las Vegas, because it extends this modern architecture beyond a few communities,” Parker said. “I’m thrilled how it turned out.”

About the lakeside home

Price: 7.5 million

Location: 23 Summer House, Estates at Reflection Bay on the North Shore of Lake Las Vegas.

Interior Size: 1.2-acre lot; 8,838 square feet; four en suite bedrooms, including a private master; five full bathrooms and a powder room; three-car garage.

Features: Custom two-story home with 300-degree lake and mountain views, theater, office with private exterior entrance, gourmet kitchen with double island, gray oak flooring throughout, professional-grade appliances, full bar with three wine refrigerators, granite counters, formal living room with Coronado stone surround, custom LED light package, two gas fireplaces, 20-foot ceilings, outdoor kitchen, 30-foot rectangular fire feature, infinity-edge pool/spa, motor court area, powered window coverings, wired for home automation, fully furnished.

History: Built in 2019. Designed by Mike D. Wetzel AIA, NCARB of Swaback Architects + Planners under the guidance of Vernon D. Swaback, FAIA, FAICP, a former Frank Lloyd Wright apprentice. Etta Cowdrey, CEO of Studio V Interior, Architecture and Design, was the project manager with Merlin Contracting providing general contractor services.

Listing: Water’s Edge is listed through Gene Northup, broker and owner of Synergy/Sotheby’s International Realty.

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Census report: Henderson among fastest-growing cities in America

Henderson isn’t just the fastest-growing city in southern Nevada, it’s also one of the fastest-growing cities in the country. Despite the growth, the Henderson housing market …

Democratic presidential candidate and New York City Mayor Bill de Blasio speaks during a meeting with Clark County Democrats at La Cabana restaurant Saturday May 25, 2019.

By Ricardo Torres-Cortez

New York City Mayor Bill de Blasio brought his message of “working people first” to Las Vegas on Saturday in an intimate meet-and-greet lunch with Clark County Democrats a little over a week after ,,,

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GrowLife, Inc. to Present at the Planet MicroCap Showcase 2019 on May 1 in Las Vegas, NV

Leading hydroponic equipment supplier to discuss latest cultivation technology at the premier microcap finance event May 1, 2019

KIRKLAND, WA / ACCESSWIRE / May 1, 2019 / GrowLife, Inc. (OTC PINK: PHOT) (”GrowLife” or the ”Company”), one of the nation’s most recognized indoor cultivation product and service providers, will present at the Planet MicroCap Showcase at on Wednesday, May 1, 2019 and will conduct 1on1 meetings on May 2, 2019.

GrowLife will be presenting during the Microcap Company Presentations II session to demonstrate the Company’s strategic plan for the future and how the company is helping fill the large demand for cannabis and hemp-based products, an industry that is expected to reach $16 billion by 2025. GrowLife will also discuss its EZ-CLONE Pro commercial propagation solution, manufactured by recently majority acquired asset EZ-CLONE Enterprises, Inc. (EZ-CLONE). EZ-CLONE is a renowned commercial cannabis cultivation equipment supplier that GrowLife acquired a majority share of in October 2018.

”The opportunity for GrowLife to present at this premier event demonstrates the growth of the Company and further proves the interest from peers and investors who are eager to learn about our continuously growing microcap company,” said GrowLife CEO Marco Hegyi. ”With an abundance of industry leaders, C-level executives and investors under one roof, we feel confident our participation in this event will bring great opportunities to the Company and help educate others about the opportunities in the cannabis space.”

The showcase will take place April 30 through May 2, 2019, at Bally’s Las Vegas Hotel and Casino. The event is designed to bring together companies and top dealers in microcap finance.

”At this exclusive event we look forward to discussing how much GrowLife has accomplished and where our vision for the Company is taking us,” said GrowLife CFO Mark Scott. ”We will have the opportunity to demonstrate the Company’s value proposition to an audience of important and respected individuals who are interested in microcaps and have the potential to introduce new ventures for the Company.”

A microcap is a publicly traded company in the United States that has a market capitalization between $50 million and $300 million and have greater market capitalization than nano caps.

To arrange one-on-one meetings with GrowLife executives at Planet MicroCap Showcase 2019, please contact growlife@cmwmedia.com.

For more information about GrowLife, including the CEO’s most recent video statement, visit the company’s website. Products can be purchased at ShopGrowLife.com in the U.S. and GrowLifeHydro.ca in Canada.

The conference will be held April 30 – May 2, 2019 at Bally’s Hotel & Casino in Las Vegas, NV – 3645 S Las Vegas Blvd., Las Vegas, NV 89109. For those interested in attending and meeting with management, you can register to attend here: https://planetmicrocapshowcase.com/signup

If you have any questions about the Planet MicroCap Showcase, please contact Robert Kraft at rkraft@snnwire.com (424) 227-9018, or visit www.planetmicrocapshowcase.com for more information.

About GrowLife, Inc.

GrowLife, Inc. (PHOT) aims to become the nation’s largest cultivation service provider for cultivating organics, herbs and greens and plant-based medicines. Our mission is to help make our customers successful. Through a network of local representatives covering the United States and Canada, regional centers and its e-Commerce team, GrowLife provides essential goods and services including media, industry-leading hydroponics and soil, plant nutrients, and thousands more products to specialty grow operations. GrowLife is headquartered in Kirkland, Washington and was founded in 2012.

About Planet MicroCap Showcase

Planet MicroCap Showcase brings together promising companies with well-known and influential microcap investors, fund managers and newsletter writers for three days of company presentations, one-on-one meetings, and networking in the nation’s #1 destination for meetings and entertainment.

If you would like to attend the Planet MicroCap Showcase, please register here: https://planetmicrocapshowcase.com/signup

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Las Vegas top city for Starbucks lovers

LAS VEGAS (KTNV) — Las Vegas is the top city for Starbucks lovers, according Apartment Guide.

The rental resource ranked cities in the U.S. by the number of Starbucks stores per caffeine lover.

According to the rankings, Las Vegas has the highest ratio of Starbucks per person beating out the brand’s headquarters in Seattle.

The top 5 cities are:

1. Las Vegas, NV
2. Burbank, CA
3. Bellevue, WA
4. Seattle, WA
5. Orlando, FL

Copyright 2019 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Las Vegas transit officials set to make decision on light rail

Rendering of what the light rail could look like traveling in Downtown Las Vegas on Carson Avenue. Courtesy: RTC
A RTC bus at the intersection of S. Maryland Parkway and Russel Road near McCarran Airport on Friday, June 9, 2017 where a light rail line will be built and operate connecting McCarran International Airport, the Strip and downtown Las Vegas as soon as 2023. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
A view looking south down Maryland Parkway from the pedestrian bridge outside of Sunrise Hospital in Las Vegas on Wednesday, May 23, 2018. Chase Stevens Las Vegas Review-Journal @csstevensphoto

Las Vegas’ transportation future could be steered in a new direction Thursday as local transit officials are set to decide if light rail is the right fit for the valley.

The Regional Transportation Commission of Southern Nevada hosted a series of public meetings and held an open call for public input on the future of the Maryland Parkway corridor last month. The results of that initiative and the commissions’ preferred choice among three options are set to be revealed at the RTC’s board meeting Thursday.

Aside from light rail, a bus rapid transit system — a system featuring dedicated bus lanes that could be used as turn lanes when buses are not present — or enhancing the current bus route 109 are being considered for an 8.7-mile stretch of Maryland Parkway.

The route under review stretches from near the airport to a portion of Downtown Las Vegas and eventually ends up at the Las Vegas Medical District. The route would link UNLV, several hospitals and medical centers, commercial and residential complexes.

RTC estimates more than 9,000 bus riders and 35,000 vehicles travel on Maryland Parkway daily.

The three options vary widely in possible costs. The light rail plan could cost as much as $750 million while the bus rapid-transit plan could cost up to $335 million and the upgrading of route 109 is estimated to cost about $29 million, according to the RTC.

Funding for whichever project is chosen has yet to be identified, but a combination of federal grant money and a possible sales tax increase could be used to pay for the preferred choice.

After the preferred mode is chosen, the RTC will submit the choice to the Federal Transit Administration this summer and then seek funding for the project.

As local transportation officials consider adding light rail to the Las Vegas transportation landscape, other similar projects have been stopped in their tracks across the U.S.

Many communities are either scrapping plans for new rail projects or putting the brakes on expansion projects for varying reasons.

Just last week commissioners on the Orange County Board of Commissioners in North Carolina voted to end the development of a light rail system after various issues persisted.

In a unanimous vote, commissioners halted work on the project, yanking the earmarked $149.5 million in public funding along with it. They will now focus on an alternative transportation solution for the area, according to Chapelboro.com.

The project would have featured a 17.1-mile track providing over 26,000 trips per day for commuters in Durham and Chapel Hill, North Carolina, according to the Go Triangle project’s website. Similar to the proposed Maryland Parkway line, the Go Triangle line would have linked higher education facilities, medical facilities and more.

In 2011 and 2012, voters in both Durham and Orange counties approved a half-cent sales tax to go toward the investment in enhanced transit service. Federal funding of approximately $1.25 billion was said to be expected and up to $190 million in state funding, according to Go Triangle.

Commissioner Mark Marcoplos, who is the county’s representative on the GoTriangle board, pointed out issues with “disingenuous” project partners Duke University and North Carolina Railroads, problems in the state legislature, and the partial federal government shutdown, which delayed the project by two months, Chapelboro.com reported.

Last May the city of Nashville voted down a proposal that would have raised taxes to go toward transit projects, including a light rail system, according to the Tennessean newspaper.

The proposed $5.2 billion transit plan would have been headlined by a $828 million light rail system that would have stretched from Nashville International to downtown.

One of the opponents of light rail in Nashville, Malcolm Getz, who recently retired as an economics professor after 45 years of teaching at Vanderbilt University, said that with everything factored in, improved bus service is the way to go due to its flexibility.

“The advantage of a bus oriented service is buses can start beyond where the restricted lanes are and gather people in residential areas and use restricted lanes and go downtown,” Getz said. “With a railroad people have to transfer between the bus and a rail and transfers typically take 7-10 minutes and are a high annoyance to transit riders.”

The possibility of gentrification also should be considered, Getz said, because light rail has proven to spur economic development in areas surrounding rail lines, which can drive up property values and lead to lower income residents being forced out of the area due to increased rent.

“People are riding this in an intensive way, leading to real estate development around the stops,” he said. “Most of our (Nashville’s) African American community voted strongly no (on the referendum vote) because we’ve experienced gentrification and we’ve seen neighborhoods where property values are increasing and owner income communities are pushed out.”

Despite the vote against the transit system, Nashville Mayor David Briley is considering bringing up the light rail system again ahead of election season, WKNR.com reported.

The mayor’s office said Briley isn’t pushing a plan but is getting the ball rolling again to find an improved way to get in and out of the airport, and to and from downtown Nashville, according to WKNR.com.

While several cities are scrapping plans for light rail implementation, one city is moving ahead with its light rail expansion, despite resistance.

The Valley Metro Rail Phoenix is set to unveil a new light rail station April 25. A 2.5-mile extension that pushes the 26.3-mile system further east opens May 18, according to Susan Tierney, Valley Metro spokeswoman.

Approximately 50,000 people ride the light rail system each day, according to Valley Metro’s website. Those riders save about 15 minutes travel time on average during rush hour, the transportation entity claims.

Valley Metro reported that since 2008, 35,000 jobs have been created within a half-mile of the light rail. The light rail system cost $1.4 billion to construct, according to AZ Central.

In addition to the pending additions in the coming month, work on the South Central and Northwest Phoenix II light rail extensions, as well as Tempe Streetcar, continue, Tierney said.

Contact Mick Akers at makers@reviewjournal.com or 702-387-2920. Follow @mickakers on Twitter.

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One dead, one injured in suspected arson north of downtown Las Vegas

One person was killed and one person injured in an apartment fire at 721 N. 1st St., Wednesday, March 27, 2019. (Luis Marquez)
One person was killed and one person injured in an apartment fire at 721 N. 1st St., Wednesday, March 27, 2019. (Luis Marquez)

LAS VEGAS (FOX5) — One person was killed and another injured in an apartment fire north of downtown early Wednesday morning.

A call about the fire at 721 N. 1st St. came in at 3:23 a.m., according to Las Vegas Fire Rescue.

Firefighters arrived to find heavy fire and smoke at the rear of a one-story building divided into four apartments, the department said.

Someone on the scene told firefighters a person was still inside the apartment that was on fire, according to a Las Vegas Fire Rescue release. Firefighters forced entry into the apartment, which was filled with smoke and high heat.

They searched the apartment and found an unconscious man on the floor of the bedroom, the release said. He was taken outside to medical personnel for treatment. They determined the man, who had severe burns, was deceased.

A second victim was taken to the hospital with burns on their hands and to be checked for smoke inhalation, the release said. One person was displaced as a result of the fire.

The cause of the fire is officially undetermined, but arson investigators believe the fire started on the sofa, according to the department.

Damage was estimated at $25,000, the release said. This was the first fatal fire in the city of Las Vegas proper in 2019.

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Inmate found dead in cell at Las Vegas correctional facility

Prison officials found an inmate dead in his cell Sunday afternoon at a Las Vegas correctional facility, according to the Nevada Department of Corrections. Prison officials found an inmate dead in his cell Sunday afternoon at a Las Vegas correctional facility, according to the Nevada Department of Corrections.

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The team of Donald Trump

Reno, NV

#1 Thursday May 31 It is happening right now on June 1, 2018. Reply » Report Abuse Judge it! Lycus

Eureka, CA

#2 Friday Jun 1 Good let them strike, and then hire replacements. Its an at will employment state, they can do it.That or show up and announce an INS raid and they will all leave Reply » Report Abuse Judge it! Tell me when this thread is updated: Subscribe Now Add to my Tracker

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Historic Gateway District homes top Nevada history’s endangered list

UNR gets permission to look for buyers who are willing to move historic homes in Gateway District. Jason Bean

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A 19th century neighborhood on the edge of the University of Nevada, Reno, campus tops a historic preservation group’s new list of Nevada’s 11 most endangered places.

The Goldfield High School, built in the central Nevada gold-mining town in 1907, and Las Vegas High School – the city’s oldest, constructed in 1930 – are among the other historic places Preserve Nevada wants to save.

Former Nevada Gov. and U.S. Sen. Richard Bryan, chairman of the nonprofit group’s board, said the list focuses on properties that have community support but face encroaching development, demolition or other threats.

“Nevada has a rich heritage,” Bryan said. “We have an obligation to preserve it.”

Reno’s “UNR Gateway District” includes about a dozen 19th century Victorian homes in a two-block area just north of the downtown casino district where the university wants to build a new business school between U.S. Interstate 80 and the campus’s southern border.

School officials announced last month they’ll consider proposals until June 7 to relocate the Queen Anne homes built between 1895 and 1920. Otherwise, the homes could face the wrecking ball.

One group has proposed moving them – intact – to nearby Evans Park and creating a historic park with interpretive signs. But Reno’s Recreation and Parks Commission this week gave a thumb’s down to that proposal and suggested the homes be moved elsewhere.

“We hope the university can find a way to keep them and repurpose them,” Bryan said.

The next two buildings on Preserve Nevada’s list have been on the National Register of Historic Places for more than 30 years – Goldfield High School since 1982 and Las Vegas High School since 1986.

Restoration efforts at the Goldfield school have been put on hold because of the need to stabilize a section of wall at risk of collapsing.

Las Vegas High School, renamed the Las Vegas Academy for Performing Arts, is an exceptional example of Art Deco architecture that faces an uncertain future as the school district considers remodeling plans, the group said.

Two of the new listings are generic – “rural downtown areas” and “Nevada’s motor courts/motels” – intended to underscore the vital role rural commercial rows and travel lodges have played in numerous communities across the state.

The others are:

– Huntridge Theater, Las Vegas. Opened in 1944 as southern Nevada’s first desegregated theater, the venue closed in 2004 and has fallen into disrepair.

– Fernley Swales, Fernley. Wagon trails that remain visible in the Forty Mile Desert between the Humboldt and Carson rivers where settlers traveled in the 1840s face threats from off-road vehicles and a nearby shooting range.

– Red Rock Canyon area, Clark County. Petroglyphs, pot shards, and the remains of roasting pits stand as evidence of a 1,000-year history of human habitation in the area threatened by Las Vegas’ westward expansion.

– Masonic Lodge No. 13/Reno Mercantile Building. Built in 1872, Reno’s oldest standing commercial building has suffered decades of neglect and needs new interior framing to prevent it from collapsing.

– Victory Hotel, Las Vegas. Originally the Lincoln Hotel, one of the oldest downtown hotels opened in 1907 near the railroad depot to cater to passengers. The mission-style building is often reported to be in danger of demolition.

– Hillside Cemetery, Reno. Established in the 1860s a few blocks west of the University of Nevada, Reno, it contains the graves of many of Reno’s early residents as well as the graves of one congressman, five mayors and Paiute chief Johnson Sides.

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Report: Home prices in Las Vegas valley increase 16 percent from one year ago

Copyright 2018 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Local home prices kept climbing through April as the local housing supply continued to get smaller, according to a report released today by the Greater Las Vegas Association of REALTORS.

GLVAR reported that the median price for existing single-family homes sold in Southern Nevada during April through its Multiple Listing Service was $289,000. That’s up 3.2 percent from the previous month and up 16.1 percent from April of 2017.

The median price of local condos and townhomes sold in April was $155,000, up 19.2 percent from the same time last year.

One factor pushing up prices is the increasingly tight housing supply. Southern Nevada has about a month and a half supply of existing homes available for sale when a six-month supply is considered a balanced market.

By the end of April, GLVAR reported 3,816 single-family homes listed for sale without any sort of offer. That’s down 24.9 percent from one year ago. For condos and townhomes, the 790 properties listed without offers in April represented a 23.6 percent increase from one year ago.

RELATED: Expect to pay more for single-story homes in Las Vegas valley due to high demand

The low supply may also be slowing down local home sales, which have been running roughly even with last year’s sales pace so far this year after increasing in recent years. The total number of existing local homes, condos and townhomes sold during April was 3,571. Compared to one year ago, April sales were up 0.4 percent for homes and up 4.5 percent for condos and townhomes.

GLVAR reported that 27.3 percent of all local properties sold in April were purchased with cash. That compares to 27.5 percent one year ago. That’s well below the February 2013 peak of 59.5 percent.

Meanwhile, the number of so-called distressed sales continues to decline. GLVAR reported that short sales and foreclosures combined accounted for 2.5 percent of all existing local home sales in April, down from 8.4 percent of all sales one year ago.

Copyright 2018 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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