Las Vegas Real Estate News

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  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 – Luxury real estate has always been a hot market in Southern Nevada, with 2025 being one of the region’s biggest years ever. But with that being said, 2026 is already gearing up to possibly exceed last year in that regard, and if you’ve got exceedingly deep pockets and are looking for a new and opulent residence in Las Vegas, we’ve assembled a list of the five with the highest asking prices currently on the market.

According to trade association Las Vegas Realtors, the five most expensive luxury homes for sale in Las Vegas, from highest to lowest, are as follows:

$30 million: 11588 Stardust Drive

Currently the priciest property on the Las Vegas market, this estate is located in the affluent and guard-gated The Summit Club community and offers 11,126-square-feet of living space with six bedrooms, eight bathrooms, and a four-car garage on a 1.35-acre lot with views of both nearby mountain ranges and the Las Vegas Strip.

$28 million: 2928 Coast Line Court

Coming in second is this 12,720-square-foot home in The Lakes, which was extensively remodeled by its current owner Zoltan Bathory, the founder and guitarist of heavy metal band Five Finger Death Punch. Sitting upon over half an acre of land, the residence has five bedrooms, eight bathrooms, a four-car garage, a saltwater pool and a boat dock on Lake Sahara.

$27 million: 10911 Discovery Peak Court

Also located in The Summit Club, this high-end dwelling comes in at 11,974 square feet, with a primary suite, six bedrooms, nine baths, and a plethora of lush amenities, including a media room, a game room and a detached four-car garage; it also offers views of a nearby championship golf course whose luxury clubhouse can be accessed by residents.

$25.75 million: 4918 Summit Overlook Drive (Off Market)

Located in The Summit enclave of Summerlin, this 7,327 square-foot home is on a 0.52-acre lot and boasts four bedrooms, five baths, and a New York-style lounge with views of the Strip. Amenities run the gamut from a gourmet kitchen with breakfast bar, a waterfall island and a butler’s pantry to a large pool, multiple lounging and grass areas, and an outdoor kitchen.

$25 million: 1469 MacDonald Ranch Drive

And finally, rounding out the top five is this estate, currently still being built with an anticipated finish date later this year. Sitting upon over an acre of land, this 12,795 square-foot abode has seven bedrooms and 10 baths, and provides “resort-style” living with an elevator, two powder rooms, a double-island kitchen, two wet bars and multiple fireplaces. Extras include a pool and spa, outdoor fireplaces, a putting green, an outdoor kitchen with a barbecue, and much more.

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 – Chicago-based developer CEDARst Cos. has officially broken ground on a new $82 million multifamily community located in the Las Vegas Medical District, the first residential facility of its kind to be built in that area of the city.

Upon completion, The Presley will take the form of a 275,000-square-foot, 236-unit, seven-story apartment complex, with development fueled in-part via a $56 million North River Partners construction loan. The architect on the project is Booth Hansen and the general contractor is OS Construction.

Located on a on 1.12-acre plot of land at the intersection of Alta and South Tonopah drives, The Presley will be comprised of both studios and one-and two-bedroom apartments, with a percentage of the complex’s overall units – the current number is not currently known – to be designated for affordable housing.

There will be a number of amenities made available for tenants, including a fitness center, a coworking lounge, a golf simulator and a rooftop pool deck overlooking the surrounding cityscape.

The Presley will be the first apartment complex built in the Las Vegas Medical District, addressing a very real and growing need for housing options in that section of the city.

According to a statement released by CEDARst Cos. CEO & Managing Partner Will Murphy, The Presley represents the start of the overall evolution of the Medical District, which has seen large recent investments in clinical, academic and research facilities, making it one of the fastest-growing local economies in the Las Vegas Valley.

The Presley will be CEDARst’s second property in Las Vegas, with the firm also actively developing another residential facility in the form of The Myles, which is a 311-unit complex in the Las Vegas Arts District due to open in spring of 2026.

Development of The Presley is also slated to be completed by spring of 2026.

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 a federal judge issued an injunction that prevents Clark County from enforcing a number of its enforcement efforts against unlicensed short-term rentals, homeowners within the municipality galvanized by the win are now gearing up for the next phase of legal challenges.

Earlier in December, U.S. District Court Judge Miranda Du issued a ruling after listening to both sides of a dispute between Clark County and the Greater Las Vegas Short-Term Rental Association (GLVSTRA).

The county is being sued by GLVSTRA – representing over 800 homeowners – as well multiple other plaintiffs – including Airbnb – claiming that property owners’ Constitutional rights have been violated after being forced to wait years for rental licenses to be granted, losing out on thousands of dollars in potential profits in the process.

The injunction issued by Judge Du blocks Clark County from imposing many of their short-term rental ordinances while the lawsuit plays out in the court system, including a pause on fines and citations for those operating rentals without a license.

The County cannot comment on pending litigation, but the County is aware of the order and will be reviewing it to determine next steps,” a county spokesperson told the media at the time the injunction was granted.

However, an attorney representing one of the plaintiffs, Mark Hutchison, declared that the injunction was the first step in securing justice for the hundreds of homeowners that are currently part of the lawsuit, and if successful, it may even have far-reaching implications for renters across the entire nation.

The ruling by Judge Du makes very clear that short-term rental owners and those who own properties and have a desire to rent them on a short-term basis, have property rights that are protected by the United States Constitution, and that the county has violated their property rights – and have violated their constitutional rights by not standing up a meaningful licensing scheme – and then, seeking to impose draconian fines against these property owners,” he said. “It’s a far-reaching ruling that it will have impact not only in Nevada, but I think throughout the nation.”

Lawyers representing the plaintiffs are also requesting a ruling from the court as to whether or not Clark County’s ordnances violate Nevada Assembly Bill 363, which upon passing into law in 2021 mandated that cities and counties within the state allow and create procedures for granting short-term rental licenses.

From that point, Clark Couty has been severely criticized for the slow, long, and drawn-out process of reviewing applications and granting licenses, with GLVSTRA’s Jackie Flores claiming that this bottleneck on the county’s part is by design.

“This has everything to do with protecting the resort hotel industry,” she 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 – As per a new report released by online real estate brokerage Realtor.com, sales of homes in the Las Vegas Valley are expected to decrease in the coming new year, continuing a trend that has persisted throughout much of 2025.

Realtor.com’s report predicts that the sales of single-family homes in Southern Nevada in 2026 could drop by as much as 2.5 percent year-over-year, and that asking prices of these homes will essentially remain flat in the region throughout the year at just 0.6 percent.

In contrast, prices of homes are anticipated to increase 2.2 percent nationally in 2026, with sales expected to jump 1.7 percent; this means that Las Vegas will likely be below the national average in these metrics if the data in Realtor.com’s report holds up.

While forecasts suggest the U.S. housing market will strengthen in the coming year, Realtor.com senior economic research analyst Hannah Jones notes that Las Vegas is poised to fall behind other markets because of a combination of contributing factors.

Out of the top 100 metros regarding home sale price growth for next year that puts Las Vegas in the low side of the middle,” she said. “So, Las Vegas should see fewer sales, on the lower side of the national average and a lot of that is driven by that price side where we expect home prices to remain relatively stable (in Las Vegas) which means that affordability will continue to be a challenge and who is able to afford to buy.”

Low housing costs over the years have led to a population explosion in the Las Vegas Valley, but recently those costs have increased amid ever-rising asking prices and pricey interest rates on home mortgages. Due to this, many families looking to buy homes in Southern Nevada are finding it harder and harder to do so, and as a result, overall sales in the region are dropping significantly.

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 a recently-reported cutting back on the part of investors when it comes to purchasing real estate in Southern Nevada, this collective group nonetheless has managed to acquire a sizable amount of property in the region in recent years, with a new report showing that these outside parties now own nearly 100,000 homes in the Las Vegas Valley alone.

As per a new report by the University of Nevada, Las Vegas’ Lied Center for Real Estate, over the course of the past 15 years, investors were responsible for one (1) out of every five homes that were sold in the valley, with such activity surging amid the outbreak of the COVID-19 pandemic before reaching its highest point in 2022.

And despite the cutback by investors amid the market’s overall slowdown, their activity in Las Vegas remains at a higher level than the national average; for example, in 2024, approximately 23 percent – or one in four – of all homes sold in the valley went to investors.

The high level of investor activity in Southern Nevada, according to the Lied Center for Real Estate’s Research Director, Nicholas Irwin,  is making it difficult for working-class families and first-time homebuyers to get a foothold and compete in the market.

What concerns me is that we’re still a blue-collar town, but we have white-collar home prices – and that’s untenable in the long run,” he said. “For a household of four, you need about $120,000 a year in income just to afford a median-priced home. Those people are our teachers, our nurses, our first responders. If they can’t afford to live here, they’ll move somewhere else — and that impacts everyone.”

Irwin noted that changing policies that govern the homebuilding market – such as enabling developers to increase their output – would go a long way in alleviating the issue, but unfortunately, it would take years for that to have any serious impact.

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 new report indicates that prices of luxury homes in Southern Nevada – defined as residences worth $1 million and up – are increasing at a higher rate than in the majority of other major metropolitan areas in the United States.

According to Redfin, over the course of the last ten years – from 2015 to September of this year – the median price of a luxury home in the Las Vegas Valley has increased by 161 percent, with that amount currently at $1.57 million; that also represents am 8.5 percent jump year-over-year.

This places the valley fourth in the country in terms of luxury home price appreciation over the past decade. Nationally, the cost of luxury homes has gone up by 82.5 percent since 2015, with the current median price being $1.27 million.

IS Luxury real estate brokerage founder Ivan Sher notes that one of the main driving forces behind the rapid growth on the value of high-end Las Vegas luxury properties is out-of-state transplants who are drawn to Southern Nevada to get more bang for their buck.

The Las Vegas market has been growing consistently, driven in large part by the migration of wealthy and ultra-wealthy individuals from states like Washington and California,” he said. “As those states impose higher wealth and inheritance taxes, many are relocating to Nevada, Arizona, and Tennessee. While tax savings are a primary motivator, these moves are also fueled by a desire for a more balanced, moderate economic climate. I expect this trend to not only continue but to increase as these states continually reinvent new ways to burden the wealthy.”

The Sun Belt – the region stretching across the South and Southwest – has seen the largest increase overall in terms of the increase of luxury home price increases, as per the Redfin report.

Several Sun Belt metros not only became more expensive-they moved dramatically higher in the national luxury price rankings among major metros,” it said. “Las Vegas and Phoenix both climbed 15 spots, the biggest leaps in the country, and Nashville, Orlando and Charlotte were close behind.”

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 – Following a court hearing earlier this month, a federal judge has granted a preliminary injunction that blocks some of Clark County’s short-term rental ordinances from being enforced while a lawsuit against the municipality plays out through the court system.

Last Wednesday, U.S. District Court Judge Miranda Du – after a previous hearing held on December 5 – issued her ruling via a 14-page order after listening to both sides of a dispute between the county and the Greater Las Vegas Short-Term Rental Association (GLVSTRA).

Clark County is currently being sued by GLVSTRA – which is representing 856 homeowners in the lawsuit – as well as 15 other individual plaintiffs – including Airbnb – after homeowners have been forced to wait years for their rental licenses to be granted, losing out on thousands of dollars in potential profits in the meantime.

The lawsuit, filed in June, claims that the county – which GLVSTRA accuses of violating the First, Third, Fourth, Fifth and 14th amendments – botched the process to file for a rental license and punished unlicensed residents who attempted to rent their properties via heavy fines and liens against their properties.

The injunction issued by Judge Du blocks Clark County from enforcing five aspects of their short-term rental ordinances, including requiring a valid business license for operating a short-term rental unit; prior to the judge’s ruling, it was illegal to rent out properties for stays of 30 days or less within the county, with violators getting hit with heavy fines. Other elements of the ordinances that are now also off the table are rules regarding distance from casinos and other short-term rentals, occupancy limits, and trash management.

Judge Du had previously denied a motion on Clark County’s behalf to dismiss the lawsuit; the current injunction will remain in-place while the lawsuit proceeds.

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 released this week by Redfin, investors have recently begun cutting down on the number of homes that they’ve been purchasing in the Las Vegas Valley.

In the third quarter of 2025, the number of homes purchased by investors – who typically either utilize them as short-term rentals or flip them for a profit – decreased by an astonishing 20 percent when compared to the third quarter of 2024. This drop represents the largest out of any major metropolitan area in the United States during that same span of time, Redfin notes.

Investors, as defined by Redfin, are comprised of buyers with keywords such as LLC, Inc, Trust, Corp, and Homes as a part of their name, in addition to ownership made up of keywords that include association, corporate trustee, company, joint venture, corporate trust and family trusts.

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 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.

In the third quarter, 1,451 homes were bought by investors in the valley, and Redfin’s Senior Economist, Daryl Fairweather, said that there are several factors that explain why investors are pulling back on the purchases in Southern Nevada as of late.

Las Vegas has historically been a volatile housing market, growing in value when the market is hot, and losing value when the market is cool,” she said. “Investors are often the first to exit the market when the market cools, contributing to the volatility in home values.”

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 – Amid the housing shortages that are plaguing Southern Nevada in recent years due to a lack of real estate to build upon, there is a growing number of developers who are vocally favoring the concept of focusing more on building Las Vegas “up” as opposed to “out.”

An emphasis on erecting more high-rise apartment and condominium buildings – as opposed to single-family homes – is being touted by some real estate stakeholders as a means to help Vegas alleviate its current issues with affordable housing as more and more people move in and its economy expands.

Among those in favor of Vegas building “up” is Brian Nugent – a real estate broker with IS Luxury – who noted the addition of more apartment and condo complexes could help families to afford places to live in the city.

As there is less and less land available for single-family detached homes, I think high-rises become more and more appealing,” he said. “So, I think there could be a need moving forward for more high-rises.”

Currently, the federal government owns about 88 percent of the land in Clark County alone, with over half of that property – 2.6 million acres – managed by the Bureau of Land Management (BLM). The failure to release parts of that land for development has contributed to the current housing crisis being experienced in the region, experts say.

BLM has been slow to release land for development to the private sector, and current estimates indicate that if that doesn’t change soon, the Las Vegas Valley could run out of buildable land by 2032, according to the economic consulting firm Applied Analysis.

Up until recently there has been land available in the valley and because Vegas has grown so much recently as a city and its population, it really just seems like in the last few years the conversation about running out of land has really picked up,” Nugent said. “Where in the past it was easy for developers to buy plots of land and do detached single-family home developments, because the land was readily available and I think as more and more of that land gets developed and less is available then the next logical question would be is it time to start going vertical?”

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 per a new report from personal finance website Bankrate, the majority of homes available on the market in Las Vegas are currently out-of-reach financially to the average buyer amid both soaring prices and high interest rates on mortgages.

Bankrate’s report notes that out of all the homes that are presently available on the real estate market in Southern Nevada, only 14 percent of them fall into the “affordable” category for the typical family. In contrast, the average number of homes that are considered affordable nationally is approximately 25 percent.

Low housing costs over the years have led to a population explosion in the Las Vegas Valley, but recently those costs have increased amid ever-rising asking prices and pricey borrowing rates. Due to this, many families looking to buy homes in Southern Nevada are finding it harder and harder to do so, and as a result, overall sales in the region are dropping significantly.

As per Bankrate, the average household in the Valley needs to be making $33,600 over and above their current annual income to be able to afford the price of a median-priced home. The median sale price of a single-family home in Las Vegas in November reached an all-time record high of $488,995, which represents a two percent increase year-over-year.

”With wages struggling to keep up, housing affordability has reached historically low levels in recent years,” Bankrate’s report said, noting that Southern Nevada is in worse shape in that regard than many other metros, with the ability to buy a home there “significantly harder today” than it was prior to the COVID-19 pandemic.

But with that being said, buying a home nearly anywhere in the country, at present, “is no longer as realistic as it used to be,” the Bankrate said, although buyers moving to Vegas from more costly cities – such as Los Angeles, California – would find the real estate market far more affordable in comparison, according to the report.

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 – $781 Million has been secured by the developer Concord Summit Capital (CSC) in order to continue to finance the ongoing construction of the upcoming The Four Seasons Private Residences Las Vegas, which is made up of $526 million from J.P. Morgan and $255 million from Sculptor Real Estate and Morning Calm Management.

Two Roads Development, Azure Resorts & Hotels and Luxus Developments – the leads on the project – are officially listed as the borrowing parties in the loan’s documentation.

With work already progressing on the project, Four Seasons Private Residences Las Vegas – when it is completed – will take the form of 171 ultra-luxury condos spread out amongst two high-rise towers located within Henderson’s guard-gated MacDonald Highlands community.

Developers have already chiseled out the side of a mountain within MacDonald Highlands, upon which the Four Seasons’ towers will be built; roads are also now in-place, as are utilities. But despite being early in its construction phase, the project has already garnered over $700 million in sales so far – condo prices start at $5 million – with 75 percent of the residences already having been sold.

Once the foundation is finally poured – which is scheduled to take place this month – developers will then proceed to begin vertical construction of the towers themselves. The afore-mentioned ultra-luxury condos are being designed by the noted architectural team of Wimberly Allison Tong & Goo, and Four Seasons is collaborating with luxury lifestyle brand and retailer RH Contract for furnishing options, which has proven to be a major selling point for their condos.

We are thrilled to introduce these custom RH package offerings exclusively to our future residents,” says Jim Reilly, president of Azure Resorts & Hotels. “This collaboration reflects our shared commitment to quality, craftmanship and effortless living.”

Condo sizes will range from 8,349 square feet of interior space to 3,555 square feet of private terraces, all offering views of the Las Vegas Strip and the McCullough Mountain range.

In addition, a variety of high-end amenities will be available to residents, including semi-private elevators, private garages, high-end designer finishes and fixtures by Wimberly Interiors, private chef services, in-residence wine cellars, a private screening room, over 6,000 square feet of state-of-the-art wellness facilities, multi-level resort-style pools, and a library located in the foyer of each building. There will also be a dedicated Director of Residences and a 24-hour Four Seasons concierge team, offering personalized, a la carte services on demand.

The construction of Four Seasons Private Residences Las Vegas is slated to be completed in 2027, at which time residents can begin moving in.

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.