Category Archive : Market Updates

LAS VEGAS, NV – In an attempt to address the current housing crisis in Southern Nevada, the Bureau of Land Management (BLM) announced they will be auctioning off approximately 90 acres of land located throughout the Las Vegas Valley this upcoming March.

According to a notice posted by the BLM on the Federal Register, the online-based auction – slated to start at 8 a.m. on March 18 – will be comprised of 89.35 acres of land divided into 11 separate parcels.

BLM noted that 30 days prior to the auction, specifics of the land up for grabs – including legal description, physical location, encumbrances, reservations, rights-of-way and exact acreage – will be posted online.

Currently, what has been revealed by the BLM is that two parcels are located in Henderson, along with one in the southern part of the Las Vegas Valley and three in the northwest part; some are situated adjacent to commercial lots, and other next to residential properties.

As for the local jurisdictions that the properties are located in, two are within Henderson, three are in the city of Las Vegas, and six are in Clark County.

As per a press release put out by the BLM announcing the auction in March, the federal agency noted that the land being auctioned off will not be done so with any discounts, as per the 1998 Southern Nevada Public Land Management Act; instead, the parcels will be sold at “fair market value.”

Critics have become increasingly vocal with their complaints over the BLM’s seeming reluctance to set aside more land for residential or commercial development in the Las Vegas Valley, either by releasing it outright or allowing it to go to auction. Indeed, many are blaming the agency in-part for the overall lack of affordable housing options in Southern Nevada, and it is hoped that this auction is the first of many that will eventually remedy the situation.

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 newly-released records, the all-time record for the sale of a single-family home in Las Vegas was shattered back in May when a residence in the ultra-affluent The Summit Club master-planned community sold for a whopping $35 million, besting the previous record-holder, the sale of singer Celine Dion’s home – literally right next door – for $30 million in 2023.

In addition to setting the new record for overall closing price, the home in question – a two-story estate located on a 1.5-acre plot of land on Summit Club Drive – also set the record for price per square foot, which came out to be $3,063.

The record-breaking home comes in at 11,427 square feet and boasts five bedrooms, seven baths and a six-car garage, along with numerous luxury amenities such as a pool with a waterfall and a spa.

Patrick and Andrea Ramsey were the sellers, and had purchased the land for $2.5 million in 2016 and constructed their custom abode in 2017. Southern California business owners Ronald and Janis Soto were the buyers, and both parties in the sale were represented by Anthony Spiegel, who was working for IS Luxury at the time, but who has since has moved on to Lusso Residential Sales.

Spiegel said that it was a interesting development that the two biggest single-family home sales in the history of Las Vegas were literally neighbors to each other, and noted that the reason for this development is due to The Summit Club being such an attractive place for the rich and powerful to call home.

What gives any real estate real value is the location. At some point, there’s only so much replacement value that can be attributed to the value of the home,” Spiegel said. “If you look at the mega properties around the world, they trade at a premium to replacement value. That premium is generally a location premium. What makes it a $35 million home is that it’s in The Summit, a Discovery Land project and the only membership club in the city. It’s not just a neighborhood. It’s a community that people want to belong to, and there’s a cost that’s not only found in the membership fees but in the real estate.”

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 – Southern Nevada real estate experts are discussing their opinions on how the industry may potentially shift and evolve over the course of the next four years, and many are predicting a boom in the number of luxury housing purchases in Las Vegas under the incoming administration.

Managing Director of RCLCO Real Estate Consulting, Gregg Logan, noted that Trump’s return to the White House could have serious impacts upon the housing market, due to his ties to real estate and the policies he implemented during his previous tenure as President that were deemed to be friendly to businesses. Trump’s calls for less regulation could prove to be a benefit as well, although other policies he supported in the past show that not all the changes he may implement could be beneficial, Logan said.

Trump’s potential influence on the real estate market is a mixed bag of potential influences. In Trump’s first term, the Tax Cuts and Jobs Act of 2017 temporarily boosted GDP growth, led to a short-term increase in corporate profits and spurred a rise in consumer spending and business investment,” he said. “But this disproportionately benefited the wealthy and corporations, with only modest wage gains for most workers. Meanwhile the tax cuts substantially increased the federal deficit, raising concerns about long-term fiscal sustainability. This time around his policy’s influences on inflation, a growing federal deficit and a tighter immigration policy could similarly lead to mixed results for the economy, overall, and real estate in particular, making adaptability essential for industry stakeholders.”

In addition to commercial real estate tax breaks and easing regulations governing the construction industry – which may very well stimulate the expansion of businesses and investments – Logan said that Trump’s proposed tax cuts favoring the wealthy will most likely result in a sharp increase in the number of luxury properties purchased during his admin, both in Las Vegas and nationwide.

Potential tax breaks for high-income individuals could increase demand for luxury properties, as wealthy investors may pursue high-end real estate assets,” he said. “If Trump’s tax policies favor high-net-worth individuals, luxury markets could experience a surge in activity.”

However, Logan said that Trump’s proposed tariffs on imported goods, along with tighter immigration policies, could potentially result in higher construction costs, a lower pool of workers and, consequently, the need for higher wages to supplement the workforce.

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 – Two cases that are currently before the United States Supreme Court, depending on their outcome, could have a serious impact upon several aspects of the home development industry, mainly when it comes to federally-mandated environmental reviews and how they could affect the overall timeline of construction projects.

Depending on the outcomes of San Francisco v. EPA and Seven County Infrastructure Coalition v. Eagle County, Colo., addressing the housing crisis in Southern Nevada could face significant setbacks, as developers could be required to greatly increase the scope of federally-required environmental reviews and/or studies to gauge the potential impact that their construction projects could have.

The Las Vegas Valley has been experiencing a housing crisis in recent years, due to a shortage of affordable housing units; this can be attributed to several factors, but the main culprit experts say is an overall lack of land to develop, given the fact that much of the land in Southern Nevada is owned by the Bureau of Land Management (BLM). Critics of BLM have pointed out that the federal agency has been slow to release additional lands for housing development, contributing to the housing crisis that is currently ongoing in the valley.

However, even if additional lands are released for development, builders could face an uphill battle depending on the outcome of the two aforementioned Supreme Court cases. Reviews to ensure that the surrounding environment and wildlife – as well as any federally-protected endangered species – are not harmed by any given construction project can already contribute to a significant amount of time and planning, ranging anywhere from months to years.

These cases could cause environmental impact reviews and studies to become even more stringent, mandating that the review process take into consideration a more diverse array of environmental harm, including potential threats to drinking water and other maladies.

The overall intention of these lawsuits is to ensure the health and well-being of millions of people across the country, a cause that should be lauded; the unfortunate side-effect, however, is that it may take even longer to address Las Vegas’ housing crisis depending on the outcome, according to the National Association of Home Builders.

Both of these cases have the potential to add uncertainty to the development process. And uncertainty translates to added time and money,” the organization said in a statement.

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 historical data supplied by Las Vegas Realtors, the median price of a single-family home in Las Vegas has jumped a whopping 50 percent since the beginning of the COVID-19 pandemic in 2020.

In December 2019, the median price of a home in Southern Nevada was $312,990; at the time, the average national home sale price was $384,600.  

But fast-forward to October 2024, and the median price in Southern Nevada has now swelled to $475,531, an increase of $162,541 over pre-pandemic levels, and just shy of the region’s all-time record high of $482,000, originally set in May 2022; it also represents a 5.9 percent jump year-over-year from October 2023.

Meanwhile, the national median is now $501,100, an increase of approximately $116,500 from price levels at the start of the pandemic.

According to the Federal Reserve Bank of St. Louis, the rate of a 30-year fixed-rate home mortgage is currently at 6.7 percent; the last time this level was achieved prior to the pandemic was just before the mid-2000’s recession, when that number hit 6.6 percent.

Home sales in Southern Nevada were noticeably slower in 2024, but nonetheless showed a significant improvement over 2023, which saw the lowest number of sales in its real estate industry since 2008, when the Great Recession began.

Donald Trump’s impending return to the White House has the real estate community split down the middle in terms of whether if it will help or hurt the industry; the President-elect has promised to oversee an increase in home-building across the nation to address the ongoing housing crisis, in addition to loosening regulations in order to clear out red tape. However, some are worried that his vow to impose expensive tariffs upon imports could result in a spike of home construction prices.

Nonetheless, experts currently feel Las Vegas is in the process of becoming a balanced market between buyers and sellers; time will tell if this condition is sustained, or if the scales tip one way or the other.

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 Federal Trade Commission (FTC) announced Tuesday that they will be instituting a ban on so-called “junk fees,” which is a term used to describe bait-and-switch pricing and other tactics used to hide total prices and misrepresent fees in the short-term lodging and live-event ticketing industries; often, these are referred to as “resort,” “convenience,” or “service” fees.

As far as the short-term rental industry is concerned, that includes all online booking platforms and websites such as Airbnb and Vrbo.

The Junk Fees Rule will require full up-front disclosure of pricing information “in a timely, transparent, and truthful way” as it pertains to consumers of short-term lodging and live-event tickets; the FTC says that the rule will level the competitive playing field and make it easier for consumers to engage in comparison shopping and ultimately, save money.

People deserve to know up-front what they’re being asked to pay—without worrying that they’ll later be saddled with mysterious fees that they haven’t budgeted for and can’t avoid,” said FTC Chair Lina M. Khan. “The FTC’s rule will put an end to junk fees around live event tickets, hotels, and vacation rentals, saving Americans billions of dollars and millions of hours in wasted time. I urge enforcers to continue cracking down on these unlawful fees and encourage state and federal policymakers to build on this success with legislation that bans unfair and deceptive junk fees across the economy.”

The FTC originally began investigating junk fees in 2022, initially conducting two rounds of public input; ultimately, the agency received over 70,000 comments.

The Junk Fees Rule is expected to take effect in 120 days from the date it was announced, which was Tuesday, Dec. 17. The exact methods of FTC enforcement of the rule has not yet been revealed, with the agency merely saying that it “will use its law enforcement authority to continue to rigorously pursue bait-and-switch pricing tactics, such as drip pricing and misleading fees, in other industries through case-by-case enforcement.”

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 – For many years, Las Vegas earned a reputation for low cost-of-living and an affordable lifestyle; however, due to rising prices and a lack of inventory, a new report has revealed that the housing market in the city has become one of the least affordable in the nation.

According to the Urban Land Institute’s 2024 Home Attainability Index, Las Vegas currently ranks as the 11th least affordable major metropolitan area in the country, with only a scant 18 percent of the homes on the market being considered affordable by households of four persons that make Southern Nevada’s annual median income of $70,723.

At present, it would take about 37.4 years for a family in Las Vegas making the average median income to save up enough down payment money for a home in the city.

The top five least affordable cities in the Urban Land Institute’s report are, in order: San Francisco, San Jose and Los Angeles, California; Honolulu and Stockton, California.

Currently, Southern Nevada is in the grips of a housing crisis driven by a number of issues, such as high mortgage and interest rates, 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.

RCLCO Real Estate Consulting Chief Executive Officer and one of the authors of the Urban Land Institute’s report, Adam Ducker, said that of all the issues plaguing the Las Vegas housing market, the number one is the lack of land to develop and the slowdown in home construction it has caused.

We’re just not producing enough housing for the growth that we’re experiencing, which is true in most markets but particularly in high-growth markets including Las Vegas,” he said.

Some Realtors are hoping that a Trump presidency could have a positive effect on Las Vegas’s current housing crisis, citing his plans to both deregulate the housing industry and to open up additional federal land for home development, which – if those factors do indeed come to pass – could lead to new building activity in Southern Nevada and a plethora of new options for residents looking to buy a residence.

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 – Funding has been approved for a new affordable housing complex within Las Vegas, with the city council last week earmarking $1 million in public funds towards the $21.5 million project.

Upon completion, “Tropicana Trails” – being developed by George Gekakis Inc. – will be comprised of 50 studio apartments, built upon a 2.5-acre plot of land in unincorporated Clark County slated to be located near East Tropicana Avenue and Boulder Highway. Units will be primarily aimed at being made available to people who had previously been homeless, those who are in danger of becoming homeless, and survivors of domestic violence.

In addition to the $1 million provided by city officials – the final batch of funding that required official approval – the remainer of the funding for the project is coming by way of the Nevada Housing Division, Clark County, and a $1 million grant provided by the Federal Home Loan Bank of San Francisco, according to Gekakis Executive Vice President David Paull.

“We’re very excited to see this go,” he said.

HELP of Southern Nevada, a not-for-profit group that assists members of the Southern Nevada homeless community, will serve as administrators of the complex once it opens. Prospective tenants will be required to meet certain qualifications set by the federal HOME Investment Partnerships American Rescue Plan Program, and rental assistance will be provided by the Southern Nevada Regional Housing Authority.

According to Las Vegas city officials, construction on Tropicana Trails – the land upon which its being built was purchased by Gekakis in May of this year for $2 million – is scheduled to start in April 2025, with an estimated completion date of summer of 2026.

Once completed, the complex will include amenities such as a library, computer, wellness and business rooms, and a garden courtyard; utilities will be included in the rent.

For more information visit: https://ggidevelopment.com/december-news/

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 lowering from the all-time high that was originally achieved in 2022, home prices in Las Vegas have been slowly but surely creeping back up to that lofty level, with November 2024’s numbers coming the closest yet to that record amount.

In November, the median price for a single-family home sold in Southern Nevada via Las Vegas Realtors’ Multiple Listings Service was $480,000, which represents a 6.7 percent jump over November 2023’s $450,000 median price; it is also now just $2,000 shy of May 2022’s all-time record high amount of $482,000.

Meanwhile, November’s median price for condominiums and townhomes was $301,250, a decrease from October’s all-time record high of $315,000, but still a 9.5 percent increase year-over-year.

Currently, Southern Nevada is in the grips of a housing crisis driven by a number of issues, such as high mortgage and interest rates, 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.

There is now an approximate three-and-a-half months’ supply of homes on the market in Las Vegas, which experienced its worst year for sales in 2023 since 2008; however, Las Vegas Realtors President Merri Perry said in a statement that the local real estate market in 2024 has improved and that she is hopeful that 2025 will bring much-needed stability to the region.

Increases in the number of homes available for sale and in the number of properties being sold this year are good signs for our housing market heading into 2025,” she said.

At the end of November, there were 5,570 single family homes listed on the Las Vegas market without any offers, which represents an increase of 28 percent year-over-year. In addition, there were 1,856 condos and townhomes listed without offers in November, a whopping 47.2 percent jump from the same period of time one year prior.

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 – Following housing costs in Southern Nevada reaching extremely high peaks after the lifting of lockdown measures following COVID-19’s wake in 2022, tenants are now finding rents in the region reverting back to pre-pandemic levels.

In fact, according to a report released by the University of Nevada, Las Vegas’ (UNLV) Lied Center for Real Estate rents in Nevada are now essentially at the same level today that they would have been at if the COVID pandemic had not taken place at all.

The data suggest that asking rents, today, are on par with what they would have been projected to be based on how the market was trending pre-COVID-19,” the UNLV report said.

However, that same report also highlights a troubling trend in Nevada; that before the pandemic, rents in the state had already been increasing on an annual basis by 5 percent or more, leading to affordability concerns for many of the state’s residents.

The UNLV report examined how much “workforce housing” was available throughout the state; that is, housing options that can be afforded by individuals making 60 percent to 120 percent of Nevada’s area median income (AMI) of $87,800.

In Clark County alone, the report notes, for members of the workforce within that income range – comprised of “teachers, firefighters, law enforcement, hospitality staff and health care workers” – only one third of the units on the market were considered affordable to those in that demographic making 60 percent of AMI, or about 52,000 annually.

The cost of housing and utilities to be considered “affordable” is 30 percent of a household’s monthly income; if a greater percentage of income needs to be allocated to housing, it is no longer considered affordable. Currently, as of November 2024, the average monthly rent for a one-bedroom apartment in Clark County is $1,486.

While rent in Clark County jumped anywhere between 20 and 30 percent since 2020, the UNLV report notes that – when compared to the second quarter of 2022 – rents are currently now down 3.7 percent and running, showing that the market is achieving some degree of stability once again.

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 report released by Redfin indicates that during the third quarter of 2024, the Las Vegas Valley saw the largest jump of home purchases by corporate investors in the entire nation, representing over $1 billion in transactions during that time period.

Totaling approximately $1.02 billion worth of homes being bought by investors in Q3 2024 at an average price of $420,000 each; the valley saw a 27.9 percent increase in such purchases from Q2, the largest such jump out of all major metropolitan areas in the United States. Following Las Vegas in that regard was Seattle, Washington with a 21.8 percent increase and San Jose, California with 19.5 percent.

Out-of-state corporate investors have been snapping up homes in Vegas in increasingly large numbers for use as rentals, or to flip them for a profit. As per a 2023 study conducted by the University of Nevada, Las Vegas’ Lied Center for Real Estate, about 15 percent of all homes in the valley were owned by such entities, with an astonishing 25 percent of all homes in North Las Vegas alone belonging to investors.

And in the ensuing time since that study was released, it is very likely that those percentages have risen even further.

Dana Anderson, a data Journalist for Redfin, noted that there are specific qualities that draw investors to purchasing homes, such as affordability; such qualities are abundant in Las Vegas, explaining the increase in such activity.

Low-priced homes are appealing to investors mainly because they cost less,” she said. “Because of their relatively low price, investors who buy them have a bigger pool of buyers if they’re looking to re-sell, and a bigger pool of renters if they’re looking to become a landlord.”

However, overall investor home-buying has leveled off since reaching an all-time high during the COVID-19 pandemic, with the Redfin report noting that it is “harder for investors to buy homes then sell them for a big profit than it was during the pandemic because home prices and loan costs are high.”

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 – Members of Generation Z – which are comprised of individuals under the age of 25, or anyone born after 1997 – are the youngest segment of the nation’s homebuying community, and this demographic makes up the smallest percentage of those purchasing houses in Las Vegas, a new report says.

According to a new study from Construction Coverage, only 3.3 percent of all home mortgage loans were taken out in Las Vegas by members of Generation Z in 2023, the least of any age group in Southern Nevada; this goes below the national average for this specific demographic, which is 5 percent.

In contrast, Construction Coverage spokesperson Mike LaFirenza noted that the average age of homebuyers in the country has reached its highest level in years, signifying that younger generations are encountering difficulty in affording housing amid high prices and home loan interest rates.

Las Vegas’ high demand from older buyers creates stiff competition with the percentage of homebuyers aged 55 and older ranking third among large metros at 27.6 percent.” LaFirenza said. “This competition is particularly tough on younger homebuyers, who often lack pre-existing equity for their down payments, making their offers less competitive.”

Some experts say that Vegas’ overall lack of generational wealth, combined with many local occupations being in the service industry – which is not known for paying high wages at early, entry-level positions, with high-earners only achieving that status after achieving seniority – could be playing into the barriers that Gen Z is encountering.

Competition from affluent transplants from California are also figuring into the situation, as is the remote nature of portions of Nevada’s professional workforce, which do no necessitate the purchase of homes. And the median sale price for a single-family home threatening to set a new all-time record isn’t helping younger buyers, either, LaFirenza said.

Home prices have skyrocketed in the area, with the median sale price now over 50 percent higher than pre-pandemic levels,” he said. “Even with a relatively lower cost of living, the financial hurdles for younger buyers are substantial. With cost-of-living-adjusted incomes ranked 37th out of 53 large metros, Las Vegas’ affordability gap keeps ownership just out of reach for many in their early twenties.”

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