Las Vegas Real Estate News

LAS VEGAS, NV – The latest rental market snapshot shows further softening as of early November 2025. Zillow now reports the average rent for all bedrooms and all property types across Las Vegas at $1,923 per month, a $27 month-over-month decrease and $77 lower year-over-year (last updated Nov 6, 2025). Meanwhile, Zumper lists the median rent across all unit types at $1,800 per month (last updated Nov 8, 2025).

Breaking It Down: House vs. Apartment Costs

For homeowners weighing the rental potential of a single-family residence, Zumper’s property-type view shows houses averaging about $2,175 per month, while apartments average about $1,275 per month in Las Vegas (rolling 30-day window, updated daily).

By Bedroom (Latest Available — citywide medians)

• 1-bedroom: $1,124
• 2-bedroom: $1,450
• 3-bedroom: $1,960
• 4-bedroom: $2,645
  (All bedroom medians from Zumper’s Las Vegas page; updated Nov 8, 2025.)

What This Means for Homeowners

Metric	Snapshot
Market Trend	Average asking rents eased again in November ($1,923, –$27 MoM; –$77 YoY).
Single-Family Wins	Detached homes continue to command a premium (~$2,175 vs. apartments ~$1,275).
Size Matters	City medians scale with bedrooms (e.g., 4-beds ≈ $2,645 vs. 2-beds ≈ $1,450).
Competitive Edge	With averages drifting down, condition, presentation, and flexible terms help preserve premium outcomes.

(Based on Data Provided)

Insights & Action Steps

• Lean into the detached premium. If you’re listing a standalone home, emphasize space, privacy, parking, and family-friendly features to justify house-level pricing (~$2,175).
• Price by size & finish, not just averages. Use the bedroom medians as anchors (e.g., 2-bed $1,450, 3-bed $1,960, 4-bed $2,645) and adjust for upgrades, yard, schools, and location.
• Compete smart in a cooling market. With Zillow’s average slipping to $1,923, professional photos, light refreshes (paint/fixtures), and prompt communication can trim days-to-lease.

Las Vegas remains a distinct rental market shaped by migration, new supply, and seasonality. Averages are a starting point-your property’s true rent depends on neighborhood, condition, amenities, and timing. A free local rental analysis can dial in a price that attracts quality tenants while maximizing monthly income.

Source Links (for inline citations in your post)

• Zillow – Las Vegas Rental Market (Nov 6, 2025): Average rent $1,923, –$27 MoM, –$77 YoY; inventory and FAQs.
• Zumper – Las Vegas (Nov 8, 2025): Median $1,800; property-type averages (Apartments $1,275, Houses $2,175); bedroom medians (1-bed $1,124, 2-bed $1,450, 3-bed $1,960, 4-bed $2,645).

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.

NORTH LAS VEGAS, NV – Property owners in Las Vegas often hear the term full-service property management, but many are unsure of what it actually covers. Whether you own a single-family rental, a townhome or a condo, understanding the scope of Las Vegas property management services helps you make informed decisions and set realistic expectations. 

Companies such as Shelter Realty Property Management provide a structured approach to rental oversight, and this guide breaks down the core components of residential property management, leasing services in Las Vegas and the ongoing operational tasks that professional property managers handle daily.

Rather than promotional claims, this article focuses on clarity. Each section explains what reputable property management companies like Shelter Realty Property Management actually do, why each service matters and how it affects long-term rental performance in the Las Vegas market.

Understanding Full-Service Property Management

Full-service management refers to the complete operation and oversight of a rental property. A property management company handles everything from marketing and tenant placement to maintenance coordination, financial reporting and legal compliance. 

While individual companies vary slightly, most reliable firms provide a core group of services outlined below.

Key Services Included in Las Vegas Property Management

Las Vegas property management involves a coordinated set of services designed to maintain property condition, support reliable occupancy and ensure compliance with Nevada regulations while reducing the owner’s daily workload.

1. Tenant Screening in Las Vegas

Effective tenant selection sits at the foundation of successful rental property management. Comprehensive tenant screening in Las Vegas generally involves:

• Background checks: A review of rental history, employment information, identification verification and prior evictions. In Nevada, tenant screening must follow the Fair Credit Reporting Act and local housing regulations.

• Credit evaluation: Professional property managers assess whether applicants demonstrate financial reliability. The goal is to reduce the risk of missed payments, costly turnovers or disputes.

• Income verification: A standard income-to-rent ratio ensures tenants can meet their monthly obligations without strain. This supports consistent rent flow and reduced collection issues.

A reliable screening process protects both property owners and future tenants by matching the right residents to the right homes.

2. Leasing Services in Las Vegas

Leasing is more than signing a contract. It involves a structured process designed to reduce vacancy periods and ensure legal compliance.

• Property marketing: Managers create accurate listing descriptions, organize professional photos when needed and distribute listings across high-visibility rental platforms. Clear descriptions help attract qualified renters rather than high-volume unqualified inquiry traffic.

• Showing coordination: Full-service management includes scheduling property tours, responding to inquiries and providing prospective tenants with essential information about the unit, the lease structure and the application process.

• Lease preparation: Nevada rental laws require specific disclosures and clauses. A property manager prepares compliant lease agreements that, at minimum:

1. Outline payment terms
2. Clarify maintenance responsibilities
3. Define occupancy rules
4. Address local statutes specific to Nevada rentals

• Move-in documentation: Managers conduct detailed move-in inspections and document the unit’s condition with photos and written checklists. This protects both parties during move-out assessments.

3. Maintenance in Las Vegas Property Management

Well-managed maintenance procedures help preserve property condition, reduce major repair costs and maintain tenant satisfaction. The process usually includes:

• Repair coordination: Property managers engage licensed vendors, schedule repairs and follow up to confirm completion. Las Vegas properties often require special attention due to weather conditions, including HVAC stress during long summers.

• Routine maintenance: Tasks may include seasonal servicing, filter replacements, system checks, landscape oversight and minor repairs. Preventive maintenance reduces emergency calls and extends equipment lifespan.

• Emergency response: Most property management companies provide after-hours support. Timely responses to urgent issues protect the property from further damage and ensure tenant safety.

4. Property Inspections

Inspections help ensure lease compliance and identify repair needs early. Managers typically handle:

• Move-in and move-out inspections: These document conditions provide transparency and support proper handling of security deposits.

• Periodic inspections: Routine visits allow managers to catch water leaks, unauthorized pets, improper alterations or neglected maintenance issues. This reduces repair costs and prevents long-term damage.

5. Accounting Services in Property Management

Accurate financial tracking is essential for owners, especially when managing multiple rentals or commercial units. Accounting services in property management often include:

• Rent collection: Automated systems reduce late payments and improve accuracy.

• Owner disbursements: Monthly payouts are processed consistently with accessible statements.

• Financial reporting: Reports detail income, expenses, maintenance invoices and operational activities. These documents help owners understand cash flow and prepare for taxes.

• Record keeping: Nevada requires managers to maintain organized records related to lease agreements, deposits and maintenance expenses.

6. Legal Compliance and the Eviction Process in Nevada

Property managers help owners stay compliant with state and local laws, which is especially important when navigating the eviction process in Nevada.

• Notices and documentation: Nevada law outlines specific timelines for nonpayment notices, lease violations and notice delivery. Managers prepare and serve required documents correctly.

• Court filings: If a dispute escalates, managers coordinate with legal professionals and ensure compliance throughout the process.

• Lease enforcement: Property managers maintain documentation that supports enforcement, reducing owner liability and disputes.

Table: Summary of Full-Service Las Vegas Property Management

Service Category	Typical Responsibilities	Value for Owners
Tenant Screening	Background, credit, income checks	Reduces risk and improves rent reliability
Leasing Services	Marketing, showings, lease prep	Shortens vacancy periods
Maintenance	Repairs, emergencies, preventive care	Protects long-term property value
Inspections	Move-in, move-out, periodic checks	Ensures tenant compliance
Accounting	Rent collection, reporting	Supports cash flow accuracy
Legal Compliance	Notices, documentation, guidance	Minimizes liability
Communication	Updates, reports, recommendations	Improves transparency

How Las Vegas Market Conditions Influence Management Services

Las Vegas has a unique rental environment shaped by tourism, job market shifts and high demand for both short-term and long-term housing. These factors influence how professional property managers approach everyday operations.

• High summer heat: Maintenance planning often emphasizes HVAC systems, plumbing safeguards and energy efficiency. Managers stay ahead of seasonal wear to prevent mid-summer breakdowns.

• Steady renter turnover: Las Vegas experiences higher mobility compared to many cities. Clear leasing procedures and strong screening help maintain stable occupancy.

• Legal compliance considerations: Nevada’s laws on notices, deposit handling and habitability require strict adherence. A knowledgeable manager reduces risk by ensuring full compliance.

Frequently Asked Questions

What does full-service property management include?

Full-service management covers marketing, screening, leasing, maintenance coordination, inspections, accounting and legal compliance. It represents a complete operational framework for rental properties.

How does tenant screening work in Las Vegas?

Managers typically review credit history, income, rental background and legal records. They follow state and federal guidelines to ensure fair and lawful screening.

What maintenance responsibilities do managers handle?

They manage emergency repairs, routine inspections, vendor coordination and preventive maintenance. This reduces long-term expenses and protects property value.

How long does the eviction process in Nevada take?

Timelines vary based on the type of notice and court availability. Property managers ensure proper documentation and guide owners through each step.

Are accounting services included in property management?

Yes. Managers typically handle rent collection, disbursements, invoices, monthly statements and financial tracking.

Contact Shelter Realty Property Management

Understanding what Las Vegas property management services include helps property owners make informed, confident decisions. A full-service approach covers tenant placement, leasing, maintenance, inspections, accounting and legal compliance.

A complete management structure brings clarity, consistency and oversight to both rental property management and long-term asset care. With a clear understanding of expectations, owners can partner effectively with professional managers and achieve better outcomes in the Las Vegas rental market. For more information or to discuss your specific property needs, you can contact Shelter Realty Property Management for guidance.

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.

LAS VEGAS, NV – According to a new report by Las Vegas Realtors (LVR), in October home prices in Southern Nevada remained just below their all-time record high, despite the fact that housing inventory is currently high and sales are down 10.1 percent year-over-year.

In October, the median price of a single-family home in the Las Vegas Valley was $474,370, which represents an approximate 1.0 percent increase from September’s price of $470,000 and a mere 0.2 percent drop year-over-year. The region’s all-time record high of $485,000 was achieved several times in 2025, most recently in July.

Home prices are remaining high in the valley despite a large surplus of listings and seriously lowered buying activity; sales in October were down 8.5 percent from September, as per data from the Multiple Listing Service, with LVR noting that 7,538 single-family homes were listed for sale at the end of October without any offers, representing a 30.3 percent jump year-over-year.

LVR President George Kypreos explained that the October report represents the continuing transition of Southern Nevada from a market where sellers were calling the shots to one where buyers now hold a distinct advantage. If there was ever a time for prospective homeowners to take advantage of the situation, he said, the time is now

Local home prices are moderating, with more homes on the market and properties taking a little longer to sell,” Kypreos said. “This shows that the housing market is shifting more in favor of buyers. For people who are prepared and can afford it, it’s a good time to buy.”

Meanwhile, the median price of a condominium or townhome sold last month in Las Vegas was $285,000, an approximate 3 percent drop from September’s price of $294,000 and a 9.5 percent decrease from October 2024.

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.

LAS VEGAS, NV – The average sale price of luxury high-rise condominiums in Las Vegas in the third quarter reached an all-time record high, with that milestone bolstered by a sale at the Waldorf Astoria that was the second priciest of the year at $9.5 million.

In the third quarter, 199 high-rise condos exchanged hands in Southern Nevada, and while that amount was lower than the number of sales recorded in the first two quarters of the year – and the least sold since the second quarter of 2020, which marked the start of the COVID-19 pandemic – the third quarter sales figures made up for it in terms of quality over quantity.

The average sale price of a luxury condo in Las Vegas in Q3 2025 was an impressive $933,431, which amounts to $586 per square foot. This represents the new all-time record high for the region, with the previous record being set in the first quarter of 2024, when the average price was $816,717, as per research firm Applied Analysis.

While Q3 is now the current record-holder in terms of luxury condo price, it’s $586 per square foot average still ranks second when compared to the first quarter of 2024, when that price was $599.

Coming in third highest in the hierarchy of the condo prices is the second quarter of 2025, when the average sale was $749,854.  

The Waldorf Astoria $9.5 million condo – which was purchased in September, and again, is the second most costly of the year so far – ties as the most expensive in the hotel’s history, with the other sale for that same amount having taken place in January 2024. The condo sold in September boasts 3,922 square feet of living space on the 46th floor, with three bedrooms, three-and-a-half bathrooms, and a view of the Bellagio fountain.

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.

LAS VEGAS, NY – When choosing where to settle in the Las Vegas Valley, two names often stand out: Summerlin and Henderson. Both communities are among the most desirable places to live in Southern Nevada, attracting families, professionals, and retirees. Each area has its unique strengths, from well-planned neighborhoods and top-rated schools to lifestyle amenities and real estate options.

For anyone relocating to Las Vegas in 2025, understanding the differences between Summerlin and Henderson is key. With guidance from agents at Shelter Realty Property Management, you can explore a detailed comparison of home prices, amenities, schools, rental lifestyle, and community events to help you decide which area aligns best with your needs.

Overview of Summerlin and Henderson

Summerlin and Henderson are two premier communities in the Las Vegas Valley. Summerlin offers luxury living, scenic views, and a vibrant urban core, while Henderson provides diverse housing, family-friendly neighborhoods, and easy access to Lake Mead and urban conveniences.

Summerlin at a Glance

Summerlin is a master-planned community located along the western edge of Las Vegas, nestled against Red Rock Canyon. Known for its scenic views, golf courses, and vibrant downtown district, Summerlin offers a suburban lifestyle with modern conveniences. The community is divided into villages, each with distinct architectural styles and amenities.

Henderson at a Glance

Henderson lies southeast of the Las Vegas Strip and is Nevada’s second-largest city. It combines urban conveniences with suburban neighborhoods, offering easy access to Lake Mead, shopping districts, and family-friendly parks. Henderson’s size makes it diverse, with upscale master-planned communities like Green Valley Ranch and Inspirada, as well as more affordable housing options.

Real Estate Market Comparison in 2025

One of the most important factors for relocators is real estate. Both Summerlin and Henderson offer a mix of luxury homes, family residences, and rental opportunities. However, the pricing trends, inventory, and lifestyle differences shape buyer and renter decisions, with professional property management in Henderson NV ensuring that both investors and residents benefit from well-maintained and efficiently managed housing options..

Rental Market

Rental costs in Summerlin average between $1,800 and $3,000 per month, particularly for homes near Downtown Summerlin or golf communities. Henderson, by comparison, offers more affordable rentals between $1,600 and $2,600 monthly, with larger homes often available at competitive rates.

Key Insight

Summerlin tends to have higher price points, largely due to its exclusivity, new developments, and demand for lifestyle amenities. Henderson provides a wider spectrum of affordability, appealing to both first-time buyers and families upgrading to larger homes.

Lifestyle and Amenities

Summerlin and Henderson both offer outstanding lifestyle amenities. Summerlin is known for its trails, golf courses, and Downtown Summerlin’s shopping and dining, while Henderson highlights family-friendly parks, community centers, and proximity to Lake Mead for outdoor recreation and leisure activities.

Summerlin Amenities

Summerlin is often considered the benchmark for master-planned communities in Las Vegas. Highlights include more than 150 miles of trails for walking, biking, and running, multiple golf courses such as TPC Summerlin, Downtown Summerlin for shopping and dining, and proximity to Red Rock Canyon for outdoor enthusiasts.

Henderson Amenities

Henderson’s amenities reflect its balance between suburban and urban life. The city is home to parks and outdoor spaces like Cornerstone Park and the Henderson Bird Viewing Preserve. It also offers quick access to Lake Mead and Hoover Dam, a premier shopping hub at The District at Green Valley Ranch, and family-oriented recreational centers and sports complexes.

Schools and Education

Summerlin and Henderson both provide excellent education options within the Clark County School District. Summerlin features top-rated public, charter, and private schools, while Henderson is often praised for strong public schools, charter academies, and private institutions supporting family-focused learning environments.

Families relocating often prioritize education. Both Henderson and Summerlin offer strong schooling options.

Summerlin Schools

Summerlin is served by the Clark County School District (CCSD) and includes several top-performing public schools. Families also have access to charter and private institutions, such as Bishop Gorman High School. Summerlin schools are well known for academics, arts, and athletics, making them appealing for diverse educational needs.

Henderson Schools

Henderson schools also operate under CCSD and are often recognized for higher performance compared to other parts of Las Vegas. Charter schools like Pinecrest Academy and private schools such as Henderson International School provide families with additional quality options. Many neighborhoods are built with schools at their core, reinforcing Henderson’s family-friendly reputation.

Community Events and Lifestyle Culture

Summerlin fosters a vibrant lifestyle with farmers markets, outdoor concerts, and sports at Las Vegas Ballpark. Henderson emphasizes family traditions with events like WinterFest, performances at the Henderson Pavilion, and recreational activities near Lake Mead, creating strong community connections for residents.

Summerlin Community Culture

Summerlin thrives on community-driven events. Residents can enjoy seasonal farmers markets, cultural festivals, and concerts in the park. The Las Vegas Ballpark, home to the Aviators minor league baseball team, also serves as a centerpiece for entertainment and local pride.

Henderson Community Culture

Henderson places a strong emphasis on recreational and family-focused activities. The Henderson Pavilion hosts concerts and live performances, while events such as WinterFest celebrate seasonal traditions. Outdoor enthusiasts also benefit from the city’s proximity to Lake Mead for boating, hiking, and other adventures.

Comparative Analysis for Relocators

For relocators, Summerlin appeals to those seeking luxury living, strong schools, and access to Red Rock Canyon, though at higher housing costs. Henderson offers greater affordability, diverse neighborhoods, and family-friendly amenities, making it ideal for first-time buyers, growing families, and retirees.

For Families

Summerlin offers strong schooling and abundant parks, though housing comes at a premium. Henderson provides more affordable housing while still offering excellent schools and family-friendly amenities.

For Professionals

Summerlin provides easy access to the Strip and office hubs via Summerlin Parkway, along with coworking spaces. Henderson benefits from proximity to McCarran International Airport and major business corridors along I-215.

For Retirees

Summerlin offers luxurious retirement communities with golf and wellness facilities. Henderson provides quieter, affordable retirement neighborhoods with easy access to healthcare facilities and recreational outlets.

Frequently Asked Questions

• Is Summerlin more expensive than Henderson? Yes. Summerlin generally carries higher property values due to its location, master planning, and luxury amenities.

• Which area has better schools, Summerlin or Henderson? Both areas perform well, but Henderson schools are often rated slightly higher within CCSD rankings, while Summerlin offers a strong mix of private and charter options.

• Where is rental housing more affordable? Henderson typically offers more affordable rental options compared to Summerlin, particularly for larger family homes.

• Which community is closer to outdoor recreation? Summerlin borders Red Rock Canyon, making it ideal for hiking and nature lovers. Henderson offers access to Lake Mead for water sports and outdoor activities.

• Is Henderson safer than Summerlin? Both communities rank among the safest in the Las Vegas Valley, with well-managed neighborhoods and local police presence.

Choosing between living in Summerlin vs Henderson in 2025 depends on your lifestyle, priorities, and budget. Summerlin appeals to those seeking exclusivity, luxury homes, and proximity to Red Rock Canyon. Henderson, meanwhile, provides affordability, strong schools, and family-friendly neighborhoods with access to Lake Mead.

Both communities offer high quality of life, making them top destinations for relocators moving to the Las Vegas Valley. For personalized guidance on buying, selling, or renting in either area, contact Shelter Realty Property Management today to explore your options with a trusted local expert.

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.

LAS VEGAS, NV – As a result of the Federal Reserve’s latest benchmark interest rate cut made late last week, rates on home mortgages – instead of lowering as one would expect – actually increased, which is news that many prospective home buyers certainly did not want to hear.

Last Tuesday, the average rate on the 30-year fixed-rate mortgage was 6.13 percent, one of the lowest levels it has been in a year. However, when Fed Chairman Jerome Powell announced at a news conference last Wednesday the agency’s latest interest cut, that mortgage rate actually began to climb instead of fall.

The reason? Negative reaction on the part of the bond market – which had already priced in a cut – to Powell noting at the press conference that another rate cut in December is not guaranteed to happen, according to a client note sent by Mortgage News Daily Chief Operating Officer Matthew Graham.

The market’s enthusiasm for 3 Fed rate cuts in 2025 had grown a bit too large for the Fed’s liking,” he said in the note. “The market was nearly 100 percent certain of another cut in December. The Fed was not as certain, and Powell made it a point to say so yesterday. The result is a mild re-set in yields back to levels that are more consistent with a December cut being a solid possibility, but not a full lock.”

As a result of Powell’s noncommittal attitude to a December cut, directly after the press conference the then-current 6.13 percent rate jumped up 14 basis points, and by Thursday it has risen an additional six, leveling off at 6.33 percent; all in all, it swelled up a total of 20 basis points.

The last time the Fed announced a rate cut – which occurred in September – 30-year fixed mortgage rates jumped even higher, that time to 6.37 percent.

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.

LAS VEGAS, NV – After finally securing the vital public funding required to carry out the project, construction officially began this week on a new housing tract that is being developed for the beleaguered residents of Windsor Park, whose original homes have suffered immense structural damage as a result of slowly sinking into the ground for decades.

Workers are currently doing site work at the location of the upcoming 93-lot subdivision, situated west of Martin Luther King Boulevard along Carey Avenue, after the city of Las Vegas granted developer Community Development Programs Center of Nevada – which was awarded a contract for $37 million in 2024 to build the new subdivision – a grading permit on September 15.

Windsor Park was historically home to a predominantly Black community. The neighborhood originally featured 241 homes built in the 1960s, but only about 90 remain today. Due to inadequate geological studies before construction, natural fault lines and the depletion of groundwater from an underlying aquifer caused the ground to shift, gradually sinking many of the homes.

The consequences to Windsor Park were dire over the years, with walls inside homes cracking, porches collapsing, and sewage pipes shifting and bursting.

The public funding to construct new homes for the remaining Windsor Park residents was originally approved in 2023, but development remained in limbo until only recently due to an alleged unmet deadline that threatened to yank the millions of dollars earmarked for the renewal of the devastated neighborhood off the table. However, Nevada State Senator Dina Neal (D-North Las Vegas) later confirmed that the state had indeed met the deadline, thus, securing the funding and enabling construction to finally proceed.

Funding for the $37 million project is made up of $25 million in federal COVID relief funds, and an additional $12 million from the state of Nevada itself.

This week’s commencement of construction on the Windsor Park project is an especially important milestone to the community’s long-suffering residents, who can finally look forward to moving into their new homes in the near future.

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.

LAS VEGAS, NV – Trust Home Builders, a Las Vegas-based real estate firm, is currently constructing a new, upscale housing community in Henderson, in addition to having several other similar projects lined up for development in the near future as well.

The luxury community, dubbed Serene Estates, is located on six-lots located along Serene Avenue just west of St. Rose Parkway. Work is already well under way, and upon completion, it will be comprised of one-story, 3,950-square-foot and two-story, 4,545-square-foot home designs, which will range in price from $1.8 million to $2.2 million apiece.

Serene Estates will not have a homeowners’ association, according to the developer’s website.

Trust Home Builders co-owner Michael Johnson also notes that his company has multiple other projects in various stages of conception and development; in addition to a Lake Las Vegas project that is currently underway, there is a five-lot housing tract along Horizon Ridge Parkway near Gibson Road that will break ground by the end of the year, along with a six-lot project east on Horizon Ridge slated for 2026.

Johnson said that the main demographic his company is targeting with these communities are older people from out-of-state that are moving to Southern Nevada to retire.

Despite the local real estate market currently not favoring sellers and many buyers feeling nervous about acquiring a home given current high prices and borrowing costs, Johnson pointed out that his company is nonetheless pushing forward with their projects because his target buyers tend to be affluent – in-part due to the current healthy stock market – and thus may be more willing to take the plunge on a house then the average person.

There’s so much fear among buyers right now,” he said. “I’m not letting the soft market slow me down.”

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.

LAS VEGAS, NV – A luxury rental community is slated to be constructed upon a newly-purchased 8.5-acre plot of land located 15 minutes south of the Las Vegas Strip as part of a joint partnership between real estate investor/operator Waterton and multifamily developer and manager The NRP Group.

The community, which will be targeting the tastes – and wallets – of affluent tenants, will take the form of 368 units spread out amongst two four-story, elevator-serviced multifamily buildings. The units on offer will consist of studio, one, two, and three-bedroom floorplans, with some of the one-bedrooms also having a den included.

Numerous resort-style amenities will also be available for residents, such as an outdoor pool, two courtyards, outdoor seating areas with firepits and grilling stations, as well as a club lounge, co-working space and a conference room.

The price that Waterton and The NRP Group paid for the 8.5-acre plot of land for the currently-unnamed rental community has yet to be publicly disclosed. Development is scheduled to begin soon, with the initial batch of residences being made available for tenants to move in around mid-2027, with the project slated to be fully completed in early 2028.

Waterton’s Senior Vice President of development, Kristi Nootens, said that the project would address the growing demand for luxury rental accommodations in Southern Nevada.

We’re excited to be partnering with such an experienced development firm to bring this project to life and further our development strategy,” she said. “This project offers an excellent opportunity to create a luxury rental community in a sunbelt market with relatively limited supply compared to similar markets. The location is proximate to a variety of employment opportunities in a growing submarket where the costs of homeownership far exceed the costs of renting.”

Mike Moriarty, The NRP Group Vice President of Development, said that the collaboration with Waterton – their first – will be a boon to the residents of Las Vegas.

Partnering with Waterton has enabled us to bring high-quality housing to one of the nation’s fastest-growing regions,” he said. “As our first collaboration together, this project reflects our shared vision for creating a vibrant, thoughtfully designed community that meets the needs of today’s South Enterprise residents. With a prime location near major employment hubs, retail and entertainment, it offers residents a lifestyle that combines convenience and luxury living.”

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.

LAS VEGAS, NV – Despite the concerns of local residents in the surrounding areas, a new housing project that is slated to be constructed in a rural part of the Las Vegas Valley was given the go-ahead by the Clark County Planning Commission this week.

Plans by Richmond American Homes to build a 99-lot subdivision on 19 acres south of Blue Diamond Road at Tenaya Way were approved by the Planning Commission on Tuesday, with final action for the project to be considered by the Clark County Commission at a meeting slated to take place in November 19.

However, many people in the surrounding neighborhoods are expressing dismay that the project will cause an influx of traffic that will disrupt their quiet, rural communities, many of which consist of homes on large plots of land and whose owners raise animals such as horses and chickens.

Notable among the concerned and vocal critics of the Richmond American Homes project is the magician Teller – one-half of the famous comedy magic duo and longtime Vegas headliners Penn & Teller – who has called the area home for nearly three decades.

At Tuesday’s Planning Commission meeting, multiple residents expressed their disapproval of the project, fearing that it would have a detrimental impact on their way of life, away from the hustle and bustle of the city of Las Vegas.

We do not want this suburban project to ruin our rural character,” said local resident Cathy Fry to the panel.

Currently, the area where part of Richmond American’s project is to be built is a designated Rural Neighborhood Preservation zone, which prohibits suburban-style housing with multiple homes in tight vicinity of each other on small parcels of land. The five-acre section of the project that is situated within that zone means that the company will be mandated to build homes on half-acre lots instead. But the remaining 14 acres, which are outside the zone, will consist of 90 houses built in a more traditional, tightly-knit suburban style.

LAS VEGAS, NV – At a recent Clark County Commission meeting, Commissioner Jim Gibson noted that local residents need not worry about the solution to the municipality’s housing crisis inducing sprawl, which is defined as low-density development expanding outward from a city, characterized by single-use zones and heavy reliance on cars.

Gibson issued that statement as a reply to University of Nevada, Las Vegas (UNLV) Lied Center for Real Estate director Shawn McCoy, who was engaging in a presentation on the remaining developable land in the Las Vegas Valley and who, exactly, controls it currently.

Speaking as a private consultant, McCoy said that 88 percent of the land in Clark County is controlled by the U.S. federal government.

But as portions of that land are released for housing development, members of the public at the meeting expressed worry that the risk of sprawl – which can include negative aspects such as increased automobile dependence, higher energy consumption, air and water pollution, loss of agricultural land and natural habitats, higher infrastructure costs, and reduced community cohesion – will increase.

However, Gibson stated that he is not worried about sprawl becoming an issue as the housing crisis in the valley is addressed, noting that there are a lot of misconceptions surrounding it.

There are lots of misunderstandings out there,” he said. “Sprawl is something that has been studied in this valley many times over the years, it’s not what we face and it’s not who we are. The availability of land is something that is suppressing economic opportunity in the valley, it’s driving housing costs to a place where we can’t tolerate them anymore.”

McCoy also addressed the decrease in the amount of land developed each year in the valley for residential housing since 1995, with the largest drop happening during 2006; development has yet to return to the levels they are at prior to the mid-2000’s recession. He also called for additional research into understanding Southern Nevada’s situation when it comes to land and development and how it impacts the local economy and real estate industry.

I’ve been working as an academic for more than 15 years and I’ve never seen a more understudied research space than land,” McCoy said.

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.

LAS VEGAS, NV – Despite the fact that numerous experts are say the residential real estate market in the Las Vegas Valley is in the process of transitioning to one that is now favoring buyers, home sellers are nonetheless still making healthy profits that are higher than the national average and still above pre-pandemic levels.

Home sellers in Las Vegas experienced a median profit of 53 percent in the third quarter of 2025, which according to real estate data analyst ATTOM, represents a year-over-year decrease of 59.6 percent. In contrast, the highest recorded seller median profit in the valley – when examining sales going back to 2008 – was an impressive 81.8 percent in the second quarter of 2022.

Meanwhile, the median home profit nationally for the third quarter of this year was 49.9 percent, which is a 55.4 percent drop from the same period of time last year; the national median sale price for a single-family home in the third quarter was $370,000, whereas that number was $445,000 in Las Vegas.

Despite profit margins dropping on home sales in Southern Nevada, the ATTOM report notes that they are still above the national average as well as the levels recorded before the advent of the COVID-19 pandemic.

Prior to 2020, home sellers saw profit margins of around 30 percent. As the COVID-19 pandemic induced people in search of more space to leave cities and buy homes, profits doubled to more than 60 percent in mid-2022,” the report said. “The average seller’s return has been dropping steadily since that peak, but over the last three quarters it’s held just below 50 percent.”

The average home sale nationally in the third quarter resulted in $123,100 in profit, the report said, but the highest profit margins – up to 18 times higher – were generated in major urban areas such as Las Vegas, although the largest margins were in expensive California metros such as San Jose, San Francisco, San Diego, and Los Angeles.

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.