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Why a Traditional Home Warranty Can End Up Costing You More; Real Example: Kitchen Sink Clog That Escalated

LAS VEGAS, NV – Many landlords assume a home warranty will save money when maintenance issues arise. Unfortunately, that is not always the case. Below is a real-world example that highlights how a traditional home warranty can actually increase costs and extend repair timelines.

A Real Example: Kitchen Sink Clog That Escalated

A tenant recently submitted a work order for a clogged kitchen sink. Our maintenance department submitted the claim to the home warranty company, and the landlord paid the standard $95 service call fee.

The home warranty selected a licensed plumber, who scheduled an appointment with the tenant. After assessing the issue, the plumber advised they could not clear the clog and requested an additional $300 to jet the line.

Once jetting began, a neighboring homeowner reported a backup in their unit. The plumber stopped work and later advised our maintenance department that the main line had collapsed, the HOA was aware of the issue, and until it was repaired, the kitchen sink could not be fixed. When asked why only the kitchen sink was affected if the main line had collapsed, the plumber was unable to provide a clear explanation.

HOA Involvement and Tenant Impact

Our maintenance department contacted the HOA, who confirmed they were aware of a main line issue and scheduled repairs for the following week. By this point, the tenant had been without use of their kitchen sink for two weeks.

We advised the tenant of their options:
• Release from the lease, or
• A rent credit

The tenant chose to stay in the home and accepted a $350 rent credit.

Conflicting Diagnoses and Additional Costs

After the HOA completed their repair, the tenant asked the HOA plumber why the work did not resolve the clogged sink. The plumber indicated that there may be a collapsed line beneath our client’s unit that would require additional repairs.

Our preferred licensed plumber reviewed the situation and advised that this diagnosis did not make sense, if a line were to collapse, all plumbing would be affected, not just the kitchen sink. He recommended inspecting the line with a camera.

The landlord authorized an additional $200 for this inspection. Once on site, our plumber determined a camera was unnecessary and instead snaked the correct clean-out line under the kitchen sink, clearing the clog within minutes. The issue was resolved immediately.

It became clear the original plumber sent by the home warranty had been working on an unrelated exterior line and was unfamiliar with the unit’s plumbing configuration.

The Final Cost Comparison

Total cost using a traditional home warranty:

  • 3 Weeks to Repair
  • $95 service call
  • $300 jetting fee
  • $250 plumbing repair
  • $350 rent credit
  • Total: $995

Total: $995

If Achosa Home Warranty had been used:

  • Preferred licensed contractor
  • Issue resolved within 24 hours
  • Total cost: $125

The Takeaway

Home warranties can be helpful, but they can also be costly, especially when they require the use of unvetted contractors and limit oversight of the repair process.

For landlords who choose to maintain a home warranty, Shelter Realty Property Management strongly recommends Achosa Home Warranty, as they allow the use of your contractor of choice, ensuring faster resolutions, better workmanship, and lower overall costs.

If you have questions about this situation or would like to learn more about our property management services, please contact Shelter Realty Property Management at 702.376.7379.

Panorama cityscape view of Las Vegas at sunset in Nevada, United States of America

Las Vegas’ 342-Unit Miraluna Apartment Community Announces Pre-Leasing Underway

LAS VEGAS, NV – Miraluna, an apartment complex located in South Las Vegas that is currently being developed by a joint venture of The NRP Group and Rockefeller Group, announced that pre-leasing is currently underway for the 342-unit community prior to its anticipated early-2026 opening date.

Adjacent to the Southern Highlands Master-Planned Community, Miraluna – previously known as Silverado, before being re-named mid-development – is a Class A resort-inspired apartment complex that is slated to be open for its initial batch of move-ins this upcoming March.

And while Miraluna is another in a long line of Nevada-based projects on the part of the Rockefeller Group, the community represents The NRP Group’s first entry into the state’s competitive real estate market.

When completed, Silverado – designed by Perlman Architects – will take the form of 15 three-story buildings located on a 13-acre lot in Enterprise, located 10 miles from the Las Vegas Strip, Harry Reid International Airport and Allegiant Stadium.

The buildings will contain one, two, and three-bedroom units featuring contemporary finishes such as quartz countertops, stainless steel appliances, upgraded cabinetry and LED backlit bathroom mirrors.

In addition, the complex will boast many amenities for its tenants with a focus on wellness, including a swimming pool, sports court, and a 7,000-square-foot clubhouse with a social lounge, gym, pickleball and bocce courts, dining and grilling areas, a sauna, yoga lawn, fire pit, dog park and coworking spaces, among other features.

From the architecture to the shared spaces, the community was designed to offer residents a lifestyle that feels both luxurious and welcoming,” said Rockefeller Group Director Matt Bruns. “Miraluna adds a new option for renters who want modern interiors, resort style amenities with all the latest wellness offerings and access to the best of Las Vegas.”

Construction of Miraluna began in December 2024, with initial move-ins commencing in March 2026; final completion of the project is slated for the first quarter of 2027.

Shelter Realty Property Management specializes in the areas of HendersonLas 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.

Affordable Housing Shortage in Nevada

New Zillow Report Predicts U.S. Housing Market to Return to Affordability by End of 2026

LAS VEGAS, NV – Currently, over 80 percent of U.S. citizens report that the cost of housing is a serious problem, and this situation has persisted for several years now in the wake of the COVID-19 pandemic, casting concerns over the ability of many families to own a home in the modern economic climate.

However, a new report by tech real-estate marketplace company Zillow predicts that the housing market will return to affordability by the end of the year, an assertion that has surprised many in the industry.

Home buying is becoming more affordable in more cities, with Zillow forecasting that 20 of the 50 largest U.S. metros will be affordable to buy in by the end of 2026 – the most since 2022,” the Zillow report says.

The concept of home affordability, according to Congress.gov, is when a considerable percentage of a home’s combined income is spent on costs associated with owning a home.

Federal housing policies typically deem housing to be “affordable” if it costs no more than 30 percent of family income (adjusted for family size),” the Federal report says. “According to this metric, families that pay more are considered to be ‘cost burdened,’ and those that pay more than half of their incomes are considered ‘severely cost burdened.’”

However, Zillow senior economist Kara Ng prognosticates that slowing rates of home price increases, coupled with gradually-lowering home mortgage rates and households now earning more money on average than in previous years will most likely contribute to the overall housing market becoming affordable for families by the end of the year.

This is what a small-wins year looks like for housing,” she said. “Rising incomes, subdued price growth, and gradually easing mortgage rates would help buyers regain their footing while allowing homeowners to continue building wealth. These types of slow and steady affordability improvements are exactly what the housing market needs over the long-run.”

Shelter Realty Property Management specializes in the areas of HendersonLas 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.

Unfinished residential buildings. gray cement slab. bottom view. Mortgage loan

Nevada HAND Building 51-Unit Affordable Housing Complex in Downtown Las Vegas

LAS VEGAS, NV – Nevada HAND, the state’s largest developer of affordable housing, has begun work on constructing a new rental complex in downtown Las Vegas aimed at low-income tenants, following the company’s demolition of a long-shuttered complex that had previously occupied the property.

Dubbed Ogden Pines, the $20 million project, upon completion, will take the form of a four-story, 51-unit building located at 1200 East Ogden Avenue, at the corner of Maryland Parkway. Previously, the property had been occupied by a 39-unit apartment complex that Nevada HAND had demolished to make way for this new development.

Work on Ogden Pines is slated to be completed in 2027 and, once open, the developer notes that it will offer a slew of amenities for its tenants, including energy-efficient appliances, a community room, a fitness room, and secured building access to ensure the safety of residents.

Nevada has long had an issue with a lack of affordable housing options for lower-income residents, with the problem especially prevalent in the Las Vegas region.

The Kenny Guinn Center for Policy Priorities reported in 2025 that approximately 50 percent of all renters in the state were “excessively cost-burdened” due to what was referred to as a “severe housing affordability crisis” brought on by both a lack of available low-cost options and stagnant local income growth.

Nevada HAND’s Vice President of Corporate Affairs, Waldon Swenson, noted recently that it was more efficient to demolish the old apartment complex standing where Ogden Pines is currently being developed than repairing the rundown building, as it allowed the company to start from scratch and include more modern technology in the units.

Currently Nevada HAND has 5,400 low-cost rental units throughout Southern Nevada, and Swenson said that his company almost never experiences vacancies due to what he called the “tremendous need” for affordable housing options in the region.

Shelter Realty Property Management specializes in the areas of HendersonLas 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.

Wall Street

Executive Order Signed Banning Sales of Single-Family Homes to Wall Street Investors

LAS VEGAS, NV – On Tuesday, Trump signed an executive order that bars Wall Street-backed investors from purchasing and owning single-family homes, a part of his stated efforts to address affordability issues in the United States.

Buying and owning a home has long been considered the pinnacle of the American dream and a way for families to invest and build lifetime wealth,” the text in Trump’s order reads. “But because of the recent high inflation and interest rates caused by the previous administration, that American dream has been increasingly out of reach for too many of our citizens, especially first-time homebuyers.”

The President had called for such a ban earlier this month in a post he made to his Truth Social platform.

Trump’s executive order noted that “large institutional investors” – the exact definition of which will be developed by Treasury Secretary Scott Bessent within 30 days, in addition to the term “single-family home” – have created unfair completion with “hardworking young families” by gobbling up a “growing share” of the country’s housing stock.

Neighborhoods and communities once controlled by middle-class American families are now run by faraway corporate interests,” Trump said. “People live in homes, not corporations.  My Administration will take decisive action to stop Wall Street from treating America’s neighborhoods like a trading floor and empower American families to own their homes.”

Members of the President’s Cabinet – in addition to Attorney General Pam Bondi and Federal Trade Commission Chair Andrew Ferguson – will develop official guidelines to prevent “providing for, approving, insuring, guaranteeing, securitizing, or facilitating the acquisition by large institutional investors” of single-family homes.

Corporate investors have been buying larger and larger amounts of homes in the United States in recent years, the majority of which being then used as rental units; this has had the effect of destabilizing the homebuying market, often pricing middle-class families out, experts say.  

Shelter Realty Property Management specializes in the areas of HendersonLas 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 Valley

Rents in Las Vegas Valley Decreased Across the Board in 2025; Experts Predict Rents May Remain Flat Throughout 2026

LAS VEGAS, NV – Zumper, a digital marketplace for renters and property managers, has released a new report that indicates that rents in the Las Vegas Valley decreased across all unit types by the end of 2025, according to the Las Vegas Review Journal.

For their just-released report covering December 2025, Zumper notes that one-bedroom rentals in practically every region of the valley experienced significant drops by the end of the year, with the biggest decrease taking place in Paradise, where rents lowered by 14.3 percent year-over-year.

The next largest decrease took place in Henderson with a 4 percent drop, followed by Spring Valley at 3.6 percent, North Las Vegas at 3 percent, Las Vegas at 1.7 percent, and Winchester at 08 percent.

Located north of Harry Reid International Airport and east of the Las Vegas Strip, Winchester also recorded December’s largest month-to-month rent drop with 5.8 percent when compared to November.

Crystal Chen, one of the authors of the Zumper report, said that Las Vegas was the only region in Nevada that saw a drop in rents, noting that, “Rates are down across the board in the Las Vegas metro area for the month of December.”

The average rent for a one-bedroom unit in the state in December was $1,277, whereas Paradise was the most expensive at $1,500, followed by Henderson at $1,430, Spring Valley at $1,350 and North Las Vegas at $1,349.

In contrast, the cheapest rent in the valley is the city of North Las Vegas, where renters were paying an average of $1,150 per month for a one-bedroom unit.

Experts are predicting that rents in the Las Vegas Valley will essentially remain flat throughout 2026 after they skyrocketed during COVID-19, reaching all-time record highs in 2022 before the market eventually stabilized and returned to pre-pandemic levels.

Shelter Realty Property Management specializes in the areas of HendersonLas 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.

Aerial view captures the sprawling residential area of Henderson, Las Vegas, Nevada, featuring newly built homes with desert mountains in the background on a sunny day

Las Vegas Apartment Complex, Just Opened One Year Ago, Sells for Nearly $80 Million

LAS VEGAS, NV – Just one year after opening their doors for business, the developers of a Las Vegas apartment complex have sold the rental property to new landlords for nearly $80 million.

Landing 36, located at 2555 North Rancho Drive at the intersection of Smoke Ranch Road, was developed by California-based Agora Realty & Management, who sold the facility late last month to an unnamed investment partner of PCE Holdings – a privately-held commercial real estate investment firm, also based in California – for $77 million, according to property records.

Jackson Cloak, managing partner at PCE Holdings, noted that the “total consideration” of the price paid for the rental complex – that is, not just the sticker price, but the ENTIRE value exchanged, encompassing cash, assumed debt, the fair market value of other assets – was actually closer to $79 million.

Landing 36 is a 308-unit property offering studio, one, two, and three-bedroom units with open-concept living areas and is situated upon a 12-acre plot across from North Las Vegas Airport and down the street from the new Hylo Park mixed-use development.

The complex boasts a plethora of amenities for tenants, including a luxury pool with shaded seating; quartz kitchen countertops and stainless-steel appliances; a fitness studio with cardio and strength equipment; a “tot lot” recreational space for children; grilling and entertainment zones; smart apartment home features like keyless entry and energy-efficient smart thermostats and lighting; and access to a clubhouse with Wi-Fi and coffee lounge.

There are also numerous eateries within a short distance to Landing 36, including Mezzo Bistro and Wine, Leticia’s Cocina and Cantina, Camino Real Mexican Restaurant & Cantina, John Mull’s Meats & Road Kill Grill, Lalo’s Mexican Grill, Esther’s Kitchen, Carson Kitchen, and The Kitchen at Atomic.

Shelter Realty Property Management specializes in the areas of HendersonLas 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 Luxury Condo Sells for Record-Breaking $21 Million

Las Vegas Luxury Condo Sells for Record-Breaking $21 Million; Breathtaking Views of Red Rock Canyon Area

LAS VEGAS, NV – The luxury condominium market in Las Vegas has always been a hot commodity, and that reality remained firmly cemented in fact recently when a new sale broke the all-time record in terms of price earlier this month.

A condo located within the affluent guard-gated residential community The Summit Club in the high-end suburb of Summerlin was sold back on January 10 for a whopping $21 million, according to property records.

The penthouse condo – the only of its type within Summerlin – boasts approximately 5,000 square-feet of living space with five bedrooms and five-and-a-half bathrooms. In addition, it offers a plethora of ultra-high-end amenities that you would normally find in lavish mansions, such as sliding glass walls that open up access to a huge outdoor terrace with breathtaking views of the surrounding Red Rock Canyon National Conservation Area.

The condo’s owners are also granted access to The Summit Club’s resort-style amenities, such as the Tom Fazio-designed golf course, a high-tech workout facility, community movie theater, spa, pool, salon, tennis and pickleball courts, and top-of-the-line dining options.

Perched atop the country club, this exclusive residence offers a resort-style lifestyle with exceptional amenities just footsteps away, including fine dining and a state-of-the-art fitness center,” the property’s listing said. “This is not just a home; it’s a lifestyle for those who seek the best. Once inside, you’ll be overwhelmed by the expansiveness of the vistas that envelop you, providing a sense of serenity and grandeur.”

The condo was originally constructed in 2022 on a 1.1-acre parcel of land by technology and gaming investor Richard Haddrill, but construction delays prevented him from moving in; he eventually purchased a nearby single-family home to live in instead, and initially listed the condo in March for $25 million.

After not getting any takers, Haddrill eventually took the property off the market, later re-listing it for $23.5 million before finally settling for a lower – yet still record-breaking – $21 million.

Shelter Realty Property Management specializes in the areas of HendersonLas 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.

Investors

Nevada Real Estate Agents, Experts, & Lawmakers React to Proposed Investor Home-Buying Ban

LAS VEGAS, NV – Las week, Donald Trump turned heads nationwide when he proposed a ban on corporate investors purchasing single-family homes in response to the current affordability crisis facing many families hoping for homeownership in recent years.

For a very long time, buying and owning a home was considered the pinnacle of the American Dream,” Trump said last week in a post on his Truth Social platform. “It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans.”

It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it,” the post continued. “People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.”

And while such activity has impacted the residential real estate market to wildly varying degrees across the country – entities owning 100 or more properties account for just one percent of overall single-family housing stock nationally; it has been felt to a much more disproportionate degree in areas such as Southern Nevada.

Following the end of the mid-2000’s recession, nearly 500,000 homes have been purchased in the Las Vegas Valley by investors, with a recent study conducted by the University of Nevada, Las Vegas (UNLV) noting that this group – made up of mainly of Wall Street-backed companies – could own as much as 15 percent of all homes in the valley; that number increases to up to 25 percent in North Las Vegas, the report says.

Nevada real estate agents, experts, and lawmakers have reacted to Trump’s calls for an investor ban, saying that it would represent a potential “paradigm shift” if it were to take place.

It is past time that we ban large institutional investors from buying up our housing stock and driving up prices for families,” U.S. Rep. Dina Titus (D-Nevada) said in a post on X, formerly known as Twitter. “I have been pushing for this at the federal level for years and recently testified before the Nevada State Legislature about my work on this issue. Let’s get this done.”

I’ve been sounding the alarm for months as Wall Street drives up housing costs for Nevada families. If the President is serious about addressing this crisis, the solution is already on the table,” said U.S. Rep. Steven Horsford (D-Nevada) on X.

It’s about time someone tried to do something,” said Las Vegas-area real estate agent Steve Hawks. “Hopefully now this puts more of a spotlight onto what’s going on, and Vegas has been hit the hardest by these hedge funds and corporate landlords.”

Director of UNLV’s Lied Center for Real Estate, Shawn McCoy, said that more research is needed in order to access how much impact corporate investment is affecting the affordability concerns currently plaguing the overall national housing market; however, he confirmed that Southern Nevada is indeed one of the hardest-hit in that regard in the entire country.

It remains difficult to distinguish between the small local investors from larger corporate buyers. As a result, housing researchers do not have a complete picture of the true extent of large-scale corporate ownership. And that distinction is critical when evaluating policy to restrict certain portions of investor purchases,” he said. “Las Vegas is a standout, investor activity in Las Vegas exceeds the national average and our report ranked Las Vegas amongst the top three metros in the country.”

Shelter Realty Property Management specializes in the areas of HendersonLas 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.

Rental Market Trends in Las Vegas, NV

Monthly Las Vegas Rental Report: How Much Can Homeowners Expect for Rent? (January 2026)

LAS VEGAS, NV – The latest rental market figures for January 2026 point to a modest bounce in advertised rents across the Las Vegas Valley after several months of softening through late 2025. According to Zillow, the average rent for all bedrooms and all property types now stands at $1,940 per month, up $29 month-over-month but still $60 lower year-over-year as of January 1, 2026. Zumper, which tracks median rent across all bedroom counts and property types, reports the citywide median at $1,795 per month, a 1 percent decrease compared to last year and about $105 below the national median, reinforcing Las Vegas’ position as a comparatively affordable large metro.

What the January numbers show

Taken together, these indicators suggest a market that is stabilizing after a cooler fall and early-winter period rather than returning to the rapid rent growth seen earlier in the decade. Zillow’s January figure of $1,940 reverses December’s decline from $1,923 in November to $1,912 in early December, but it does so against a backdrop of a still-notable year-over-year discount. The median rent holding at $1,795 on Zumper underscores that much of the movement is happening at the margins, with renters remaining price-sensitive and owners needing to stay realistic on asking rents.

By bedroom and property type

Publicly available January 2026 data continue to show meaningful differences between smaller units, larger homes, and different property types. Zumper’s Las Vegas page indicates that, as of early January, median apartment rent is about $1,300, condos average around $1,482, and single-family houses average roughly $2,190, with little to no month-over-month change in those subcategories. Within apartments, Zumper’s current averages put studios around $986, 1-bedroom units near $1,140, 2-bedrooms around $1,449, and 3-bedrooms around $1,950, each moving roughly 1 percent over the last 30 days.

Apartments.com, which focuses on apartment communities rather than single-family rentals, shows a similar story, listing overall apartment rents in Las Vegas near the mid–$1,200s, with typical one-bedroom units in the low $1,200s to mid $1,200s and two-bedrooms in the low $1,500s as of January 9, 2026. This highlights a persistent spread between purpose-built apartment product and standalone homes, where renters are still paying a premium for space, yards, and privacy.

From a monthly perspective, Zillow’s +$29 change from December’s $1,912 to January’s $1,940 suggests a mild firming in advertised prices as the market heads into the new year, following the earlier declines of $27 from October to November and $13 from November to December. On a yearly basis, however, the same series shows January 2026 still $60 below January 2025’s $2,000 average, confirming that Las Vegas rents remain off their prior highs even with the recent uptick. Zumper’s data tell a similar story: the metro-wide median remains at $1,795, marked as a 1 percent year-over-year decline, even as some bedroom segments show small positive month-over-month changes.

What this means for Las Vegas homeowners

For local homeowners considering renting out a property in 2026, these numbers imply a market that is no longer falling as quickly as it was in mid‑2025, but where tenants still have enough options to push back against aggressive pricing. Well-maintained homes in desirable neighborhoods can still expect strong interest in the high $1,000s to mid $2,000s depending on size, upgrades, and location, but overpricing by even $50–$100 can extend vacancy in a market that is normalizing rather than surging.

Owners should focus on three levers: competitive asking rent in line with the current averages, professional‑quality photos and online presentation, and responsive management that makes it easy for qualified tenants to apply and move quickly. For homeowners unsure where their specific property fits relative to the citywide figures above, a custom rent estimate that factors in exact neighborhood, square footage, condition, and recent local comps will provide a more precise target than broad metro averages alone.

*Data sources: Zillow Las Vegas rental market trends (average rent for all bedrooms and property types, last updated January 1, 2026) and Zumper Las Vegas rent research (median rent, bedroom and property-type averages, last updated January 9, 2026), along with supplemental apartment trend data from Apartments.com as of January 9, 2026. 

Shelter Realty Property Management specializes in the areas of HendersonLas 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.

Number of Las Vegas Homes Now Owned by Investors Now at Nearly 100,000

Feds Look to Ban Single-Family Home Purchases by Large Corporate Investors

LAS VEGAS, NV – In response to ongoing home affordability issues in the United States fueled by large, Wall Street-backed investors snapping up houses in large numbers across the nation to use as rentals, President Donald Trump announced that his administration will attempt to ban such activity going forward.

On Trump’s social media platform, Truth Social, the Republican president outlined his plan to work with Congress on preventing corporate investors from further entrenching themselves into the residential real estate market – while also taking shots at his predecessor, Joe Biden, and the Democratic Party – and said that he would further speak on the matter at the Davos World Economic Forum in Switzerland later this month.

For a very long time, buying and owning a home was considered the pinnacle of the American Dream,” Trump said in his Truth Social post. “It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans.”

Trump called upon the assistance on Congress in making the corporate ban into law in order to help make housing more affordable for Americans, and noted that he would be revealing further housing proposals at the upcoming World Economic Forum.

It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it,” he said. “People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.”

Prices of homes jumped to record-highs during COVID-19; since the end of the pandemic, costs have lowered but nonetheless remain above the norm – as have mortgage rates – with the median sale price of a single-family home in 2025 coming in at $410,800.

Shelter Realty Property Management specializes in the areas of  HendersonLas 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

While Las Vegas December Home Prices Drop, Signs Pointing To Southern Nevada Making “Big Comeback”

LAS VEGAS, NV – Following a period of time that saw record-breaking, breakneck sales become the norm for the region, things cooled considerably for Las Vegas’ residential real estate market in 2025, with a significant drop in properties changing hands when compared to 2024.

According to trade association Las Vegas Realtors (LVR) – as per data pulled from the Multiple Listing Service – in 2025, about 28,498 existing single-family homes changed hands in Las Vegas, which represents an approximate 9 percent decrease year-over-year; in contrast, in 2024 the number of homes that were sold came in at 31,305.

2025’s home sales number was the lowest since 2007, which was right before the Great Recession hit the United States.

Meanwhile, LVR reports that home prices in Vegas for the final month of 2025 decreased as well, with December seeing a 3.9 percent drop to $470,000 from November’s all-time record high of $488,995. There were 6,396 single-family homes listed for sale without any sort of offer at the end of December, as per LVR, which represents a 28.8 percent increase year-over-year.

However, despite the dip in sales volume overall, LVR President George Kypreos said that all the signs are pointing to the housing market in Southern Nevada making a big comeback as the days and months go by, with the region often experiencing a declining series of “peaks and valleys” in terms of sales since 2021, indicating that stability is returning.

Although it was a relatively slow year for home sales, we’re seeing some encouraging signs heading into the new year,” Kypreos said. “Buyer activity locally and nationally is starting to improve. Home prices have been fairly stable, and mortgage interest rates ended the year lower than they were the previous year. Most trends are pointing to a more balanced housing market in 2026.”

Shelter Realty Property Management specializes in the areas of  HendersonLas 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.