Category Archive : Area Living

LAS VEGAS, NV – Master-planned communities located within Henderson and Summerlin in Southern Nevada are among the very top in the United States among homebuilders in 2025, despite the fact that buyers nationwide have been exhibiting cold feet as of late due to high house prices and interest rates on mortgages.

So far this year through the end of June, builders in Cadence – a community situated in Henderson – sold 722 newly-built homes, placing it third nationally among such neighborhoods; this is as per a new report released by RCLCO, a real estate consulting firm.

Located on 2,200 acres of land off Lake Mead Parkway east of Boulder Highway, Candence’s figures reflecting new home sales dropped by only four units when compared to the same period of time in 2024.

Next, builders in Las Vegas’ Summerlin community sold 515 homes during the first half of 2025, tying it for seventh place with Babcock Ranch in southwestern Florida.

Summerlin, found along the Las Vegas Valley’s western rim and spanning 22,500 acres, saw sales of new homes drop by 14 present year-over-year, according to RCLCO.

However, the RCLCO report notes that, among the 50 top-selling master-planned communities, sales dropped 6.6 percent year-over-year; this reflects a similar decline experienced by the overall home construction industry, the firm said.

The RCLCO report generated the rankings in its report based on data submitted by the master-planned communities included within it, including the total number of newly-signed sales contracts, not taking into account net sales, or cancellations.

This is an impressive overall showing for Southern Nevada, despite the fact that home sales overall have been declining throughout the country as the expenses associated with acquiring a new home have risen exponentially, causing many potential buyers to delay making such purchases while weighing their options and hoping costs eventually decrease.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – A new study indicates that the number of senior renters in the Las Vegas Valley has jumped by a significant degree over the course of the past decade, with experts chiming in with several reasons as to why that may be the case.

Point2Homes, citing data from the U.S. Census Bureau, released a study this week that notes there has been a 33.7 percent increase in the number of renters in the valley aged 65 and older between the years of 2013 and 2023.

In contrast, the report said, renters in practically all other age groups decreased during the same period of time, with the largest decrease being 8.4 percent among those aged 18-24, followed by 5.1 percent among those 35-45, 4.8 percent among those 45-54, and 0.8 percent among those 55-64.

The only other age group that saw an increase in the number of renters during that time period was among those aged 25-34, with a 4 percent jump.

The increase in the number of senior renters in the valley over the last decade was higher than the national average, which was 29.4 percent, or 2.4 million people.

The author of the Point2Homes study, Alexandra Ciuntu, said the increase in senior renters in Southern Nevada is indicative of several factors that serve to make the region attractive to that particular demographic.

It highlights how Vegas is one of the most appealing and well-positioned areas to attract older adults with its warm climate, abundant senior communities, reasonably accessible health care, and amenities that support a lower-maintenance lifestyle,” she said. “It’s gradually become a standout destination for seniors who want more than just a place to retire, but rather a place to thrive.”

The national rise in senior renting, according to the report, can also be attributed to a need on the part of older Americans to downsize and simplify their lifestyles as they age.

Compared to 10 years ago, more seniors are stepping away from the burdens of home ownership (such as property taxes, repairs, and the complexities of downsizing) and, instead, using home equity or retirement savings to support alternative living arrangements,” the report said. “Some are moving closer to family, others are downsizing to cut costs, or renting simply to live on their own terms. Renting also provides flexibility for a growing number of older adults who remain in the workforce well into their 60s, allowing for job-related moves, seasonal living, or part-time relocation.”

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Nowadays, young families are struggling more than ever to purchase their first home. Due to a combination of soaring home prices and near-record high interest rates on home mortgages, the dream of home ownership is slowly slipping away from many Americans.

However, there are some areas of the country where you have a better shot of finding an affordable home than others, and according to personal finance website WalletHub, three cities in Nevada rank in the top 300 of the best places for first-time homebuyers, with one of those cities actually placing way up in the list’s prestigious top five.

WalletHub’s Best & Worst Cities for First-Time Home Buyers ranking takes numerous factors into account when establishing its placings, including affordability, the overall real estate market, and quality of life, drawing data from numerous sources, including the U.S. Census Bureau, the Bureau of Labor Statistics, the Department of Housing and Urban Development, as well as the FBI.

Overall, Reno was ranked at no. 52 and North Las Vegas at no. 39, although both of these Nevadan cities actually ranked even higher when compared to other cities whose population sizes were similar.

However, Henderson ranked at no. 18 on the list overall, and that placing shot up to an impressive no. 5 when compared to other large cities with populations of 300,000 and higher.

Henderson also drew high marks overall in individual categories such as affordability, where it placed at no. 50 in terms of home price vs. household income, insurance costs, real estate taxes, and cost per square foot. It also placed at no. 132 for quality of life, which takes into account factors such as school system quality, crime rates, weather, driver friendliness and job market.

Henderson also reached no. 42 in the real estate market category, which examines variables such as rent-to-price ratio, home price appreciation, foreclosure rate, number of listings, and millennial homeownership.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – KB Home, one of the largest homebuilders in the United States, is set to open three new housing communities in Las Vegas in the very near future.

KB Home currently boasts 28 home communities open throughout the greater Las Vegas area in a wide variety of home styles, from single-family homes to attached townhomes, at affordable price points starting from the $300,000’s. And the president of the company’s Las Vegas division, Jim McDade, believes a strong series of sales this past spring season are a harbinger of continued brisk business in the months and years to come.

We’re still seeing relatively strong demand and sales performance in Las Vegas, and the long-term housing market conditions remain positive,” he said. “This is supported by an under supply of new and resale homes as well as favorable demographics, solid employment, wage growth and household formations.”

As for the new communities that KB Home will be opening, the first is Landings and Reserves at Caspian Bay in southeast Henderson, located at the corner of Weeks Bay River Road and Equestrian Drive, just off Boulder Highway. The community is slated to open this July and will be made up of 244 housing units, ranging from one-and-two story houses that will vary between 1,500 to 3,000 square-feet in size and offer up to five bedrooms and five baths.

Next up is Manzano, which will open in August. Situated at northwest of Henderson and northeast of Harry Reid International Airport at Boulder Highway and Interstate 11, this community will be comprised of 219 units, ranging from one-and-two story houses that will vary between 1,100 to 2,400 square-feet in size and offer up to five bedrooms and four baths.

And finally, Meridian – an affordable community tailored towards first-time buyers – will be opening in early 2026 in central Henderson and will offer 940 units, made up of a mix of two- and three-story attached townhomes and single-family homes.

Our strategy also focuses on delivering the most compelling value and improving affordability through transparency with our pricing rather than relying on incentives,” McDade said. “These factors are real differentiators and have contributed to our leading absorption rates in the industry over many years and have also driven our consistent achievement of the highest customer satisfaction ratings among production homebuilders.”

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Ovation Development Corp., a Las Vegas-based apartment developer, has announced they will be holding the grand opening ceremony next week for their newest project, an affordable senior housing complex located in the southern Las Vegas Valley.

Heirloom at Pebble is a 195-unit 55-and-over apartment building situated at 2325 East Torino Avenue, near the intersection of Eastern Avenue and Pebble Road. The complex, which originally held a soft opening in May, offers apartment units with one and two-bedroom layouts, with monthly rent prices ranging from $573 to $1,377, which includes all utilities.

The project, which cost approximately $48 million, was funded in conjunction with several governmental and private business entities, including Clark County, the Nevada Housing Division, and the Federal Home Loan Bank of San Francisco. In addition, the land upon which Heirloom at Pebble sits was contributed by the federal Bureau of Land Management.

Heirloom at Pebble offers numerous amenities aimed at the health and well-being of its’ senior clientele, including a fitness center and movement room, community events, on-site hair salon and multipurpose rooms.

The apartment complex aims to help address one of the most prevailing problems affecting Las Vegas’ senior population, which is the high cost of housing, according to Ovation’s Director of Development, Armen Hadjimanoukian.

To that end, Hadjimanoukian noted that the developer is also currently hard at work on several other affordable senior housing communities in Southern Nevada, another one of which will be opening this summer.

The housing prices have really been affecting everyone in Southern Nevada — especially seniors, who are on fixed incomes,” he said. “These types of public-private partnerships are amazing because they allow us to create and provide much-needed housing. Ovation has another six communities planned or under construction – with another one opening up in August of this year.”

Heirloom-at-Pebble is now leasing: https://ovationco.com/heirloom-at-pebble/

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Legislators in Nevada have approved a bill that, if signed into law by Governor Joe Lombardo, will institute changes to the state’s probate law in order to protect heirs and prevent fraud.

The bill comes following the results of an investigation published by the Las Vegas Review-Journal that shoed the discovered a group comprised of private administrators, real estate agents, lawyers and house flippers who were making money hand-over-fist by selling properties of people who had passed away via probate cases sthat tarted without any participation on the part of the deceased’s relatives.

As a result, the members of this so-called “cottage industry” cashed in on the estates of dead people across Southern Nevada for years, with the heirs often completely shut out and not getting one red cent.

Under current Nevada law, almost anyone – regardless if they are related to the deceased or not – can manage a probate case and even sell the dead person’s property with almost no oversight from the courts. In fact, the only instance of someone not being allowed to manage a probate case in Nevada is if they are a convicted felon.

The Nevada Senate Judiciary Committee’s Chair, Melanie Scheible (D-Las Vegas), said that she was unaware of the state’s probate law issues until she read the Review-Journal’s report.

“Something is wrong here,” she recalled thinking at the time.

The new bill approved by Nevada legislators – Senate Bill 404 – changes probate law by adding additional steps that must be undertaken in order for an entity to manage a probate case or sell a dead person’s home, and also greatly narrows the scope of who is allowed to sell homes in probate cases without the approval of a judge.

SB404 was delivered to the desk of Governor Lombardo earlier this week, and he has approximately one week under Nevada’s legislative process to sign it into law.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – According to a new study from Clever Real Estate based on data obtained from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, the Las Vegas Valley now ranks as the 27th most affordable major metropolitan area in the United States when home prices and annual income are directly compared.

Based on this study, how much would the average Southern Nevada household need to be pulling in each year to afford a home?

Currently, the median price of an existing single-family home in the valley is $449,000, whereas the median annual household income is $75,065. So, as per the data contained in Clever Real Estate’s report, a household would need to be earning an annual income of $113,839 to afford the purchase of an average home with a down payment of 20 percent.

However, if you’re planning on buying a house in the valley with no money down, that yearly income requirement obviously needs to be higher; in this instance, it would have to go up to at least $138,826.

Henderson Re/Max Advantage associate Robert Little noted that the housing market in the valley, while improving for buyers, is still driving some low-earners out of the equation for the time being.

Affordability remains a real concern in the Las Vegas housing market, especially with today’s higher mortgage rate,” he said. “That said, we’ve seen a softening in prices this year, and the market has shifted slightly in favor of buyers, which offers some relief.”

Little said that despite greater and greater amounts of inventory opening up in Las Vegas, home prices are still lingering at nearly record-high levels. But despite that, he explained, there are signs that things are indeed changing.

Depending on how a home is priced relative to the competition, it’s not unusual for buyers to negotiate a price reduction, have closing costs covered by the seller, or use concessions to buy down their mortgage rate,” he said. “Builders are also stepping up with aggressive incentives—often covering all closing costs or offering significant rate buy-downs to attract buyers.”

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – The developers of UnCommons – a huge, 40-acre mixed-used facility in southwestern Las Vegas – announced that construction efforts have officially been completed, although some of the remaining empty land on the property may be used for future projects.

UnCommons – located at Durango Drive and the 215 Beltway in the southwest valley – is essentially a mini-city within a city, consisting of 500,000 square feet of offices, as well as restaurants, health and fitness studios, relaxation options, and over 830 residential units, in addition to The Assembly, an experimental project consisting of a 5,000-square-foot conference and event pavilion.

The Assembly is being touted as a one-of-a-kind addition to the mixed-use development that can host a variety of event types, including talks, community events, and weddings; the space can even be utilized as hub for the facility’s office tenants when needed.

The apartment complex situated within UnCommons – which is dubbed Vestra – is made up of 830 units spread out amongst three towers; in addition, office tenants consist of notable companies such as Draft Kings, CBRE Group Inc, Deloitte and Newmark.

On the storefront side, food and beverage locations include Urth Caffe, Teaspoon, and Amari, and retail businesses are made up of varied businesses such as a luxury candle maker and a hair salon.

The concept behind the $800 million project – which originally broke ground in 2020 – is that it is a space where the various employees working for the businesses located there have numerous solutions to all of their needs – living space, entertainment, exercise, and more – right there at their fingertips.

Matter Real Estate Group partner Jim Stuart said that the UnCommons project is already a rousing success, with 93 percent of the office space leased, along with 90 percent of the retail and restaurant space and 60 percent of Vestra.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – Recently, ground was broken on PuraVida Senior Living, a new senior housing community in North Las Vegas that is being brought to live via a joint venture between Foresight Housing Partners and nonprofit partner HopeLink of Southern Nevada.

Situated next to Lake Mead West Apartments PuraVida Senior Living will be located upon 3.89 acres of land and will consist of 74 single-story units spread out across 14 buildings. North Las Vegas is in dire need of more supportive housing options for their elderly population to be able to age in place and live independently, and PuraVida will help in addressing that shortcoming.

PuraVida is being paid for by numerous sources, such as HOME MEANS Nevada – American Rescue Plan Act (ARPA) funds, Southern Nevada Region Housing Authority project-based vouchers, HOME Grants, and contributions from the project’s developers.

In addition to housing, the PuraVida will also offer a slew of amenities for their residents, such as a community center with a full kitchen, a dog park, unit gardens, open green space and outdoor pickleball courts. Also, the community is specifically located near public transportation routes in an effort to help senior residents get around easily, as well as major retail and shopping options such as Wal-Mart. There are also numerous local employers in the area in case any residents are looking for work.

On-site supportive services will be readily available, including full-time case managers, weekend and holiday staffing, resident engagement programming, and access to health care services as well as other services.

Hassan Chaudhry, President of Foresight Housing Partners, said that no stone was left unturned when it comes to providing for the needs of PuraVida’s residents.

PuraVida Senior Living will provide much-needed, supportive housing to seniors in North Las Vegas,” he said. “This project is designed to not only provide accessible and safe housing, but to create a vibrant community for our senior residents with the support and amenities they deserve.”

Development of PuraVida Senior Living is scheduled to be finished by fall 2026.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – In a move to address the housing crisis in Southern Nevada, the Las Vegas City Council will be reviewing potential zoning changes this week that, if approved, will convert the Desert Pines Golf Club into the largest affordable housing project in the history of the state of Nevada.

In November 2024, a $25 million loan was approved by the Nevada State Infrastructure Bank to finance the initial phase of the redevelopment of the Desert Pines Golf Club to convert the property into a master-planned community dubbed “Desert Pines,” which will be comprised of 1,082 affordable multifamily housing units and 280 market-rate housing units.

In addition, the Desert Pines community will also offer a 10,000-square-foot community center, a 10,000-square-foot early education center, a 30,000-square-foot job training center and 75,000 square feet of commercial space.

The city of Las Vegas owns the 100-acre property that the golf club currently occupies. The Las Vegas City Council announced they will allow the club – located at East Bonanza Road and North Pecos Road along Interstate 11 in the east valley – to continue to operate as normal until the Desert Pines Redevelopment Project is ready to commence construction.

The $25 million loan will be to finance the project’s initial infrastructure, work which will be carried out by the not-for-profit group Urban Strategies and developer McCormack Baron Salazar. However, the main thrust of Desert Pines’ development will be a broad partnership between multiple entities, including the state of Nevada, the city of Las Vegas, Clark County, the AFL-CIO Housing Investment Trust and the Southern Nevada Building Trades Unions.

The development will be carried out in phases, with the first one slated to cost $54.3 million; the overall total cost of the project is anticipated to come in at approximately $450 million, and will provide thousands of jobs throughout its construction.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – After several months of prices fluctuating and slowly rising, Las Vegas homes in January finally set a new all-time record for the region, and as of February that record has remained firmly in-place, with prices remaining flat month-to-month.

According to a new report by industry group Las Vegas Realtors (LVR), the median price of an existing single-family home in Las Vegas was $485,000 in February; this is the same exact amount as last month, which was a historic record high for Southern Nevada.

The previous all-time record home price in Vegas was $482,000, set back in May 2022.

George Kypreos, LVR President, said in a statement that the median home price holding steady from last month that represented a degree of stability and balance potentially returning to the region following an extended degree of time in which it had remained a “seller’s market.”

We’re seeing more homes available for sale here in Southern Nevada, giving buyers more choices,” Kypreos said. “The decrease in mortgage interest rates during the past week or two is also welcome news for home buyers. Overall, it’s a more level playing field right now.”

The rising home inventory in Vegas shows that this may indeed be the case; there were 5,229 single-family homes listed for sale without any type of offer by the end of February, which is a jump of 50.6 percent year-over-year, LVR says. There were also 2,025 condominiums and townhomes listed without offers in February, a 74.6 percent increase from the same period of time one year prior.

Currently, Southern Nevada is in the grips of a housing crisis driven by a number of issues, such as high mortgage and interest rates – Redfin notes that the average rate for a 30-year-fixed term mortgage is 6.6 percent – as well as home prices escalating to near all-time record levels, a dwindling amount of land that can be developed, and affluent buyers from neighboring states such as California whose big bank accounts are squeezing out locals when it comes to homebuying competition.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com

LAS VEGAS, NV – A new community comprised of nearly 400 new homes is slated to be developed on an 88-acre plot of land along Lake Mead Boulevard in the Las Vegas neighborhood of Summerlin West by homebuilder Taylor Morrison, one of the largest such companies in the United States.

The resort living community, dubbed Esplande at Summerlin, is to be made up of 398 homes ranging in size from 1,500 to 3,200 square feet. Construction is scheduled to commence in the first quarter of 2026, followed by sales of the residences beginning in the second quarter of the same year, according to an announcement made by the Scottsdale, Arizona-based developer.

Upon completion, Esplande at Summerlin will boast numerous high-end perks and amenities for its residents, including a 10,000-square-foot clubhouse with a restaurant, spa, golf simulator, fitness center, pool, pickleball courts; in addition, there will also be walking trails with scenic views.

In September, the 88 acres for this project – originally owned by Summerlin’s developer, Howard Hughes, and spread out over three parcels of land – were bought for $107 million by a land banker representing Taylor Morrison.

The company’s Las Vegas Division President, Kent Lay, said that Esplande at Summerlin will evoke the modern, tropical feel of California’s Plam Springs, a lush city known for its hot springs, stylish hotels, golf courses and spas.

We are looking forward to bringing new housing to the Summerlin area and expanding our Esplanade brand to the Las Vegas market, while providing residents with signature resort-style amenities and wellness programs,” Lay said.

There’s a very good reason why Summerlin is a hotbed of activity when it comes to developers; according to a report released by national real estate consultant RCLCO, it ranked fifth nationwide in 2024 in terms of best-selling master planned communities, having sold an impressive 1,055 homes during the span of that year.

Shelter Realty Property Management specializes in the areas of  Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Christopher Boyle

Christopher Boyle is an expert investigative journalist for SEARCHEN NETWORKS® and reports for independent news and media organizations in the United States. Christopher keeps a keen-eye on what’s happening in the Vegas real estate market on behalf of Shelter Realty Property Management

www.shelterrealty.com