Category Archive : Real Estate

LAS VEGAS, NV – Despite the fact that inventory levels continue to grow and sales are at lower levels when compared to the same period of time one year prior, home prices in Las Vegas remained at their all-time record high in July 2025, according to a new report released by Las Vegas Realtors (LVR).

As per LVR, in July the median sale price for an existing single-family house in Southern Nevada was $485,000, which represents a 1 percent jump year-over-year, as per data pulled from the Multiple Listing Service; this ties the record high established during the first three months of 2025 and once again in June.

Starting in January, home prices in Las Vegas reached and maintained their all-time record high of $485,000 for three months in a row; April finally saw that number dip to $480,000, and that dollar amount remained firmly in-place for May as well, before surging back to the record-high level of $485,000 in June, and now holding firm at that amount in July.

Meanwhile, July saw prices for condominiums and townhomes decrease to $290,000 from June – when that amount was $305,000 – which represents a decrease of two percent year-over-year. The last all-time record high price for condos and townhomes in Vegas was established in October 2024, when that amount reached $315,000.

Meanwhile, the number of homes available on the market in Vegas has gone up; the number of single-family homes for sale in July rose 54 percent year-over-year, along with the inventory of condominiums and townhomes, which jumped 77 percent. There were 7,147 single-family homes listed for sale without offers at the end of July, in addition to 2,622 condos and townhomes.

The biggest headline coming out of our housing market this year has been our increasing inventory,” said LVR President George Kypreos. “More homes to choose from is good news for buyers. It’s also a sign that the market has been cooling down lately.”

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

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – Artificial Intelligence (AI) is in the middle of a huge boom right now, with the controversial technology expanding its abilities by leaps and bounds on a seemingly daily basis, leading to very real concerns that it could take jobs away from hardworking human beings.

Real estate is one field that has its workers sweating about the perils that AI presents to their livelihoods; already, the tech is being used to automate some of the more mundane tasks realtors have to contend with.

AI is being used generate and automate listings, anticipate buyer and seller preferences, and – with the vast amounts of data that algorithms can analyze – offer personalized property suggestions for target demographics, based specific individual preferences. Plus, the tech enables AI-driven chatbots to offer 24/7 availability to engage with buyers at all hours of the day or night, providing help and engagement in order to help retain interest.

But as for the idea that real estate agents themselves could eventually be replaced, a new Microsoft study says that isn’t likely to ever happen. This is because while AI could potentially tackle aspects of customer service and sales, it could never handle the uniquely-human, “emotional” side of property transactions, as many buyers and sellers are looking for a “trusted advisor” to guide them through the process.

The study analyzed 200,000 conversations that users of Copilot – Microsoft’s generative AI-driven chatbot, included in the company’s Windows operating systems and Bing internet browser – to see where the tech’s abilities stood out, and where they came up short.

Careers that involved gathering and explaining information – such as journalism, translation, customer service, telemarketing, travel agents, and sales – appeared to show the highest risk of AI takeover.

However, careers that require a human to be physically present – such as nursing, painting, embalming, machine operation and repair – showed the least risk.

But while the real estate industry wasn’t specially singled out as being either safe or endangered from the effects of AI, the study noted that the tech scored poorly in terms of emotional nuance and earning trust, aspects that are vital for realtors who are helping their clients through what is likely the most expensive and stressful decision of their lives.

As mentioned above, AI is proving to be an effective tool to assist real estate agents in their duties, but “when the AI tries to directly provide support or advice, people are less satisfied,” the report found, solidifying the fact that – despite the latest tech advancement in the field – realtors will always be needed when it comes to the selling and buying of properties.

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

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – The historic home of a late and extremely notable Las Vegas resident has just gone on the market for $2.5 million, with the property boasting more than a few unusual touches that should only serve to magnify its appeal to buyers.

Lonnie Hammargren, who passed away in 2023, was a former university regent, politician and neurosurgeon who served as the 31st lieutenant governor of Nevada from 1995 to 1999. He became especially known later in life for his home at 4318 Ridgecrest Drive that was filled with a vast array of unique artifacts and memorabilia that he would allow the public in to view every Nevada Day, which commemorates the state’s October 31, 1864 admission to the Union.

In fact, Hammargren’s collection grew to such massive size that he eventually purchased two neighboring houses, which he essentially utilized as extended showrooms for it.

His collection included many eclectic artifacts, including Liberace’s staircase from the Riviera show, a number of old casino signs, a dragon from the Imperial Palace Hotel, an old mermaid tank from the MGM Grand, and even an Apollo space capsule.

4318 Ridgecrest Drive, Las Vegas – $2,500,000.00

The main house that’s up for sale is 7,268 square feet in size, with four bedrooms, five baths, a six-car garage, a family room and dining room, kitchen and a caterer’s kitchen, marble floors, a planetarium, and a pool.

It was purchased by its current owners in 2017 at an auction after the residence went into foreclosure; at the time, it had fallen into a dilapidated state, but the current owners renovated the property while ensuring Hammargren’s collection remained completely unaltered.

As for the other two neighboring homes, they are currently owned by his widow Sandy and the Astronomical Society of Southern Nevada, of which Hammargren was a member.

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

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – A vacant and shuttered hostel located in Las Vegas’ downtown area that had previously been owned by the late Tony Hsieh has been sold for over $3 million, according to court and property records, with the sale having closed on July 11.

Las Vegas Hostel, located at 1322 Fremont Street, was purchased by landlord George Kanawati for $3,035,000 from Logic Commercial Real Estate, a real estate brokerage firm that was selected by Hsieh’s estate in May 2023 to oversee the sale of several of his downtown assets.

The three-story hostel, listed as “non-operating” and covered with graffiti and boarded-up windows, offers 21,100 square-feet of space and features dorm rooms with four, six or eight beds each – with rates beginning at $18 per night – in addition to 39 private hotel rooms.

Amenities include an attached restaurant, a pool, lounge area, coin-operated laundry and a theater room.

Kanawati has not yet publicly disclosed what he intends to do with the property, which he acquired for the original asking price.

Hsieh passed away in November 2020 at the age of 46 due to injuries suffered in a Connecticut house fire; at the time of his death, he was worth hundreds of millions of dollars.

For two decades, Hsieh headed up retail shoe selling giant Zappos before selling it to Amazon in 2009 for over $1 billion; he later retired as CEO in August 2020. He is also credited for having pledged $350 million to the renovation and revitalization of Downtown Las Vegas.

In February 2021, much of the Las Vegas real estate empire amassed by Hsieh was been listed on the open market by his family, totaling nearly 100 properties throughout the downtown area; Logic Commercial Real Estate was later brought in to sell five of his downtown properties, including the Western Hotel & Casino.

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – A Southern Nevada developer has announced plans to develop a mixed-use apartment and retail complex in Las Vegas’ Chinatown area in a section known for urban blight such as graffiti, as well as a series of fires over the years. Construction is anticipated to begin as early as November of this year.

Jonathan Fore, managing partner of Fore Property Company, said that the complex will be called “Pearl” and is slated to take the form of a building boasting 380 apartment units, in addition to 32,550 square feet of retail space on the ground floor.

The project, with a budget of $14 million, will be built upon a dilapidated 10.5-acre plot of land off of Spring Mountain Road – Fore had previously constructed an upscale apartment complex on that road several years ago – approximately one mile west of the Las Vegas Strip.

Currently, the plot of land consists mainly of empty, weed-strewn lots, a closed-down and boarded-up strip club, and several other several unused buildings, many covered with graffiti and surrounded with barbed and razor-wire fencing.

One of the empty buildings was heavily damaged in a fire in 2002, and another suffered a similar fate in 2022. The remaining buildings on the site, Fore said, are slated for demolition once squatters are cleared out.

The project was initially approved by Clark County commissioners in January of this year, with the purchase of the land on the part of Fore taking place in late May for $24.2 million. The seller was real estate firm HMV Group, who were represented in the transaction by Brokerage firm Colliers International.

Pearl will be located near major roadways, Fore said, and it will be within walking distance to the many attractions, entertainment options, and restaurants of the Chinatown commercial district.

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

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – While previously making up a significant number of homebuyers in the region, a new report indicates that the number of Canadians looking to acquire residences in the Las Vegas Valley has dropped significantly over the course of the past year.

According to data provided by Redfin’s search engine, the number of property searches by Canadian residents in the Las Vegas Valley in May 2025 decreased 24.3 percent when compared to the same period of time one year prior. This follows an overall downward trend nationally, with Canadian property searches in the U.S. dropping 26 percent year-over-year in 48 out of 50 of the country’s largest metropolitan areas.  

Las Vegas Redfin premier agent Cheryl Van Elsis said that she has seen a distinct decline in the number of her Canadian clients, noting that the majority of them were previously purchasing properties as investments; the drop in business may indicate that her clients up north currently no longer view Southern Nevada as a good place to invest their money.

One of my clients is an investor from Canada who’s selling his last U.S. property. He owns an online gaming platform and casino in Canada and had bought property in Vegas to rent to fellow Canadians coming to gamble or attend events like the World Series of Poker,” she said. “Now, he says he no longer sees the U.S. as a good place to invest or vacation. This is the fourth property he’s sold with me over the last few years, but he made it clear he’s selling this last one because he doesn’t want any ties to the U.S. I was surprised by how strongly he felt.”

Previously, there was a large number of Canadian “snowbirds” who would frequently vacation in the U.S. during the winter season; however, the Redfin report speculates that current uneasy tensions between Canada and the current administration in the White House could have impacted the real estate market in such a way that fewer Canadians now wish to hold property here.

Canadians searching for homes in U.S. destinations started declining significantly in February, when the White House implemented 25 percent tariffs on imports from Canada and Mexico,” the report said. “The drop was especially steep in April, the month the Trump administration announced its vast global tariff policy, falling 34.2 percent year over year.”

Another factor, Redfin said, is the fact that the Canadian dollar is currently weak, which could also be playing into the reluctance of the country’s residents to invest heavily in U.S. real estate.  

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

Christopher Boyle

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

www.shelterrealty.com

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

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

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

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

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

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

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

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

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – Currently, there is a new trend across the real estate market in the United States where the inventory of homes for sale has increased drastically across the board, and Las Vegas is currently experiencing the highest degree out of the entire nation, according to a new report.

As per a report released this week by the National Association of Realtors (NAR), the number of listings on the market without any offers in Las Vegas is currently up a whopping 77 percent year-over-year, with the valley currently leading the nation in this metric.

Broken down by listing type, Las Vegas Realtors reports that there were 6,992 single-family homes for sale with no offers at the end of June, which represents a 70 percent jump year-over-year; meanwhile, there were 2,564 condominiums and townhomes without offers, an 87.6 percent increase over the same period of time one year prior.

June sales in Vegas showed a decrease of seven percent year-over-year, with the average home for sale remaining on the market for over 30 days; 80 percent sell within 60 days.

One contributing reason for the situation in Vegas, NAR notes, is an abnormally high number of retirees currently leaving Southern Nevada, with their homes subsequently and thoroughly flooding a market already experiencing a high degree of saturation in recent months. 

However, Las Vegas Realtor Jeff Crampton noted that there are two other reasons that Vegas’ inventory is swelling so much at the moment.

It’s been some time since we had this many homes on the market,” he said. “Two factors are keeping buyers on the shelf. One is the interest rates, and the other is the unsettling financial news on our TV every freaking day. Tariffs. No tariffs. War. No war. When people are going to spend hundreds of thousands of dollars on something, they want certainty.”

Coming in second in terms of home inventory spikes is Washington, D.C. at 63.6 percent, followed by Raleigh, North Carolina at 56.4 percent.

Nationally, the overall increase in home inventory year-over-year for sale is at 28.9 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.

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – A lavish Las Vegas estate designed by noted Arizona-based architect Bill Tull that boasts extensive equestrian facilities is set to be listed on the market for the impressive sum of $17 million.

The huge whitewashed adobe-style residence was originally designed in the mid-1990s, and while Tull is known as the vision behind numerous ground-breaking homes in his native Arizona as well as California and Texas – where he is especially noted for having designed country music star George Strait’s estate – the residence in Las Vegas remains the only one of his design in Southern Nevada.

The property is situated a mere 15 minutes from the famed Las Vegas Strip; however, you wouldn’t know it by its calm and isolated feel, with the residence located on a large 9.8-acre plot of land adorned with numerous trees for a sense of privacy, according to current owner Bonnie Elkanich.

It’s super peaceful, you could never find anything like it in Vegas,” she said. “There’s a family of hawks and eagles that were raised on the property from the previous owner for the past 40 years. There’s also beautiful views of Sheep Mountain.”

The property has only had one previous owner, from whom Elkanich purchased it approximately five years ago for an undisclosed sum.

The house comes in at 8,611 square-feet of living space, spread out among six bedrooms; every single room in the residence has a fireplace, of which Elkanich says there are a total of 32. In addition to the main house, there are also two detached casitas, one with two bedrooms and bathrooms, and the other with one of each.

When she bought the property, Elkanich said that she completely renovated it, laying down new stone floors, replacing the plumbing and electrical systems, and knocking down five walls to open up the main living spaces. The basement also features chilled wine and whiskey rooms, making use of refrigeration systems that were originally used by the previous owner for a subterranean meat locker.

But the property’s main feature is that it was designed with horse-lovers in mind, and to that end it boasts a 16-stall stable, an Olympic-size covered arena, a round pen, a hot walker and pastures. In addition, horseback rising is allowed by both the county and state on the neighborhood’s streets, according to listing agent Ivan Sher of IS Luxury.

It’s really like an oasis in Las Vegas, and it’s also one of the very few adobe-style properties in the country with equestrian facilities,” Sher 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.

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – A new Redfin report speculates that prices of homes in the Las Vegas Valley could begin to drop in the second half of 2025, based on a variety of factors.

A senior economist at Redfin, Asad Khan, has said that the valley is currently experiencing a “weak homebuying season,” as evidenced by the fact that pending sales in May decreased 17.7 percent year-over-year, placing it third in terms of pending sales drops in the entire nation, behind only Fort Lauderdale at 18.6 percent and San Jose at 18.3 percent.

At the same time, Las Vegas registered the highest active listings growth in May among the top 50 metro areas in the U.S. The reason for low sales has been particularly weak demand in the Las Vegas region,” Khan said. “High mortgage rates and high prices are keeping a lid on demand, even though the stock of homes for sale is growing. Most sellers in the Las Vegas metro area have significant equity in their homes created during the run-up in prices, so few sellers are feeling the pressure to sell quickly with prices still rising.”

As per Las Vegas Realtors’ monthly report, in June the median sale price for an existing single-family house in Southern Nevada was $485,000; this ties the record high established during the first three months of 2025, after which that price dropped to $480,000 in April and May before rising back to its previous record high once again.

Amid these record high prices, however, sales in the region have continued to drop, which Khan attributes to not only affordability concerns, but also high interest rates on home mortgages; that, he said, will likely contribute to sales continuing to slow down, which will eventually translate to buyers having more negotiating power going forward.

There are still hundreds of thousands more home sellers than buyers nationwide. But some would-be sellers are sitting on the sidelines as the market tilts more and more in buyers’ favor in much of the country,” Khan said. “Pending home sales fell 2.3 percent year over year during the four weeks ending June 22, the biggest decline in three months. There are two key reasons why home sales are slow. One, housing costs are still soaring, with home-sale prices up 1.6 percent year over year to a record high and mortgage rates sitting near 7 percent. Two, many would-be buyers are holding off due to widespread economic uncertainty and recession jitters.”

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

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – Following a brief two-month respite, home prices in Las Vegas are once again back up to their all-time record high level, according to a new report by Las Vegas Realtors (LVR).

As per LVR, in June the median sale price for an existing single-family house in Southern Nevada was $485,000, which represents a 2.1 jump year-over-year, as per data pulled from the Multiple Listing Service; this ties the record high established during the first three months of 2025.

Starting in January, home prices in Las Vegas reached and maintained their all-time record high of $485,000 for three months in a row; April finally saw that number dip to $480,000, and that dollar amount remained firmly in-place for May as well, at the time prompting experts to speculate that it signified the possibility that the market could be slowly shifting to favor buyers once again.

Meanwhile, June saw prices for condominiums and townhomes at $307,000, which represents a slight decrease from May, but nonetheless an increase of 3.4 percent year-over-year. The last all-time record high price for condos and townhomes in Vegas was established in October 2024, when that amount reached $315,000.

LVR notes that a combined total of 2,461 homes, condos and townhomes were sold in Vegas in June, which is a seven percent decrease from the same period of time last year for homes, and 14.9 percent drop for condos and townhomes.

LVR also reported that there were 6,992 homes in Southern Nevada listed for sale without an offer by the end of June, a 70 percent increase year-over-year, and 2,564 condos and townhomes, 87.6 percent increase. But LVR President George Kypreos noted that this trend continues to represent a degree of stability returning to the Vegas housing market.

Although home prices bounced back to their previous peak, prices have actually been pretty stable so far this year,” he said. “The biggest change in our local housing market lately has been the increasing number of homes available for sale, which is good for buyers. It should also be prompting to sellers to be realistic when pricing their properties.”

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

Christopher Boyle

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

www.shelterrealty.com

LAS VEGAS, NV – To address the housing crisis that is currently ongoing in Las Vegas, the Southern Nevada Home Builders Association (SNHBA) announced that petitioning the government to release more federally-controlled land for development would be the group’s main priority in 2025, a goal that’s looking now more than ever closer to becoming a reality.

SNHBA CEO Tina Frias last week said that her organization has been working with the office of Nevada Senator Catherine Cortez Masto on bipartisan efforts to make 25,000 acres of federal land available to Clark County for the development of both affordable housing as well as growing local business interests. In addition, an additional 2 million acres will be set aside for conservation.

Along with the above-mentioned acreage being made available, Frias expressed hope that additional land will be released in the near future as well.

From the folks that have been involved in federal lands in the state for 30-plus years and are part of my membership, they said this is the most momentum they have seen on a lands package ever,” she said. “I’ll tell you in my opinion I’m both excited but also nervous because I think we will see something come to fruition.”

One of the primary reasons for the housing crisis in Southern Nevada, according to a growing number of those in the real estate industry, is due to the Bureau of Land Management (BLM), with the federal agency currently managing nearly three million acres in Clark County; the U.S. government currently owns 80 percent of the land in the state of Nevada overall – the most out of any state in the country – and 88 percent of Clark County.

In 1998, the Southern Nevada Public Land Management Act was passed that set aside approximately 67,000 acres out of the 2.9 million available in the Las Vegas Valley for development of residential housing units or commercial uses, with an additional 33,000 acres that have also been earmarked for potential developing that have not yet been released.

Frias also referred to a proposal by the Trump Administration to give a joint task force the ability to identify and release lands in the state for development, but said that the process involved can be very convoluted and slow; as a result, she’s hoping for an act of Congress – in addition to the continued efforts of local government – to streamline and speed-up things.

We need to recognize there’s an elephant in the room and that’s the land constraints,” Frias said. “That’s going to take coming together at the federal level and working collaboratively with our delegation. That will take continued leadership from the governor’s office and local government will play a key role in that as well.”

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

Christopher Boyle

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

www.shelterrealty.com