💲Southwest Las Vegas Valley Tops Region in Median Household Income

Issue #176 - May 31, 2024

Author

John Wu
31 May

Dear SummerSouth Insiders!

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📆 Weekly Local Events for May 2024

Regular weekly events in or near Summerlin, Las Vegas are listed below.

Visit here to lookup specific venue information or for upcoming and/or non-weekly events on Meetup.

Monday

 Monday Classes At Latin Blendz: (Every week on Monday @ 10AM)

  Socially Vegas - Monday Night Bowling @ The Orleans Bowling Center: Must arrive/check-in before 7pm; 7 - 10pm (Every week on Monday); COST (CASH Only) $10 for 2 games (includes shoes) COST: $12 for 3 games (includes shoes)

 Monday Night TRIVIA at ReBAR, 1225 S Main St, Las Vegas: (Every week on Monday @ 7PM)

Tuesday

 Terrific Tuesday Fun Pickleball @ Police Memorial, Bring a Chair: (Every week on Tuesday @ 2PM)

 Sand Volleyball Intermediate, Rusty and Old Time Players @ Aloha Shores Park (NW), Cheyenne & Buffalo, 7550 Sauer St, Las Vegas: (Every week on Tuesday @ 6 - 8 PM)

Run Drink Las Vegas - Weekly Tuesday Run @ Frankie’s Uptown patio: 6:30 - 8:30 PM (Every week on Tuesday), FOLLOW US ON INSTAGRAM @rundrinklv FOR THE LATEST WEATHER/TIMING UPDATES

Coed Soccer - Summerlin: Crossings Park, 1111 Crestdale Ln, Las Vegas: 7:30 - 9:45 PM (Every week on Tuesday/Thursday)

Wednesday

 Business Leads Group - Networking Breakfast @ Summit Restaurant, Eagle Crest Golf Course, 2215 Thomas W Ryan Blvd, Las Vegas: Cost $20 cash, 7 - 8:30 AM (Every week on Wednesday)

Early Risers Toastmasters Meeting (In-Person - Summerlin Egg Works / Online Event: 7 - 8 AM (Every week on Wednesday)

 Las Vegas Valley Bicycle Club - Wednesday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Wednesday)

  Speakers & Leaders of Summerlin Toastmasters Meeting, Summerlin Egg Works, 2025 Village Center Cir, Las Vegas: 12 - 1:30 PM (Every week on Wednesday)

 Live Music Yoga w/ Cheryl Slader @ Blue Sky Yoga: (Suggested Donation $12); 5:30 - 6:45 PM (Every week on Wednesday)

  Country Crossroads Dance, Rhythms Dance Studio & Event Center, 4545 W Sahara Ave, Las Vegas: $15 Drop-in Rate / $50 for the whole month: 8 - 9 PM (Every week on Wednesday)

Thursday

  Abundance Business Networking Group Online Event: 7 - 8:30 AM (Every week on Thursday). Please arrive 10-15 minutes early for networking. Steps to access our BNI Online™ Virtual Chapter Meeting, visit website.  

 Las Vegas Real Estate Investors Association - Weekly Power Lunch For Real Estate Investors: 11 AM - 1 PM (Every week on Thursday). Request to join here.

 Free Salsa Classes @ Feel The Music Dance Studio: 7 - 8 PM (Every week on Thursday). Visit the website to register online.

 Summerlin Bitcoin Happy Hour, SG Bar, 9580 W Flamingo Rd, Las Vegas: 6:30 PM (Every week on Thursday)

Coed Soccer - Summerlin: Crossings Park, 1111 Crestdale Ln, Las Vegas: 7:30 - 9:45 PM (Every week on Tuesday/Thursday)

Friday

 Find Your Yoga Las Vegas - Flow & Yin W / Noé Hilyard @ Yoga Sanctuary: 6 - 7:15 PM (Every week on Friday) View Yoga Sanctuary's full schedule.

 Swing Dancing in Las Vegas Vintage and Modern Swing Dances @ The Mint Tavern: 7:30 - 8:30 PM (Every week on Friday)

Saturday

Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)

Find Your Yoga Las Vegas - Saturday Morning Meditation with Practitioner Selina Kelly @ Yoga Kandy, LLC. Cost: Love Donation $5-$10 suggested. 11 - 11:45 AM (Every week on Saturday)

Sunday

 Las Vegas Valley Bicycle Club - Sunday Morning Ride @ Einstein Bagels: 9 - 11:30 AM (Every week on Sunday)

Vino Las Vegas Wine & Yacht Club Brunch: 9 AM - 2 PM (Every Saturday and Sunday)

Level 1 West Coast Swing @ 2580 N Rancho Dr, North Las Vegas: 7 - 8 PM (Every week on Tuesday); Drop in Rate is $15, Monthly pass is $50; Register online.

🌤 Summerlin South, Las Vegas 10-Day Weather Forecast

⛽ Las Vegas Gas Prices

💲Southwest Las Vegas Valley Tops Region in Median Household Income

The southwest Las Vegas Valley has emerged as the region with the highest median household income, according to Colliers' first-quarter apartment market report. The median annual household income in the southwest valley stands at $88,423, surpassing Henderson's $86,682. This shift marks a change from the previous year, where Henderson had the higher median income.

Jeffrey Swinger, an executive vice president for multifamily investment sales with Colliers International, noted the area’s appeal to high-income workers due to its available land and proximity to the Strip. The unincorporated township of Enterprise, which makes up much of the southwestern valley, is one of the fastest-growing areas in the country, adding both commercial and residential projects.

Enterprise has experienced rapid growth, with a nearly 60% increase in population from 2010 to 2023, compared to the valley's overall growth of 20%. The area had 245,243 residents at the end of 2023 and is expected to add another 13,713 residents by 2028.

Other notable statistics from the report include:

  • Summerlin/The Lakes: Third highest median household income at $78,395.

  • Northwest Valley: Median household income of $77,352.

  • Northwest: Most total households at 125,400.

  • Southwest: Second most total households at 103,800.

  • University/The Strip: Highest percentage of renters at 79%.

  • Sunrise Manor/Northeast: Largest households with an average of 3.2 people per home.

A recent SmartAsset report indicates that to live comfortably in Las Vegas, a single adult needs an annual income of $94,432, or $45.40 per hour.

❎ Your Guide to Voter Registration and Early Voting

Checking Your Voter Registration:

To check your voter registration status, visit the Nevada Secretary of State’s website at www.nvsos.gov/votersearch/.

Early Voting:

  • Dates: Saturday, May 25 to Friday, June 7.

  • Details: All early voting sites also serve as mail ballot drop-off locations. Hours and days vary by location and can be subject to change due to unforeseen events.

  • Updates: For the latest information, visit Clark County Elections or call 702-455-VOTE.

  • Early Voting and Mail Ballot Drop-off Locations: For a full list, visit Early Voting Sites and Drop-off Locations.

Voting on Election Day:

  • Date: June 11.

  • Poll Hours: 7 a.m. to 7 p.m.

  • Vote Centers: Your sample ballot packet includes a listing of vote centers near you. You can also use the “Vote Center Locator” map tool at Clark County Elections.

  • Election Day Voting Locations: For a complete list, visit Election Day Voting Locations.

Important Dates:

  • May 22: Deadline for the start of mailing in-state ballots.

  • May 23: No sample ballots for newly registered voters (those who register on or after this date will not receive a sample ballot for the current election).

  • May 25 to June 7: Early voting period.

  • May 29 to June 11: Registration or updates to registration can only be done online. No sample ballot will be mailed, and you must vote in person.

  • June 11: Election Day.

  • June 14, 5 p.m.: Deadline for submitting ID and/or proof of residence for provisional ballots, if needed.

  • June 15, 5 p.m.: Deadline for receiving mail ballots returned via the post office.

  • June 17, 5 p.m.: Deadline for curing mail ballot signature issues.

  • June 21: Deadline for county commission canvass.

  • June 26: Deadline to demand a recount.

For continuous updates and detailed information, always refer to the official Clark County Election Department website or contact their office directly.

 👩🏀 Tiffany Hayes Comes Out of Retirement to Join Las Vegas Aces

The Las Vegas Aces have bolstered their roster by signing veteran guard Tiffany Hayes, the team announced on Friday. This addition comes after Hayes, a former All-Star, had previously announced her retirement following the 2023 season with the Connecticut Sun.

Hayes, who stands 5-10, spent her first decade in the WNBA with the Atlanta Dream, where she was the 14th overall draft pick out of the University of Connecticut in 2012. The two-time NCAA champion was traded to the Sun in February 2023. Now, she joins the back-to-back champions, the Aces, as they prepare to face the Dream on Friday night.

"Joining the Aces will be very exciting for me," Hayes said in a team news release. "I’m just grateful that they are willing to work with me as I am diving head first into a new era in my life. It will be nice to experience the west coast and this organization as I join them on the road to another winning season. I have no doubts that there is something special brewing, and I’m just another great ingredient being added to the mix. Let’s go Aces!"

The Aces, who were down to nine players after waiving rookie guard Dyaisha Fair, sought an experienced player to fill their ranks. General Manager Natalie Williams highlighted Hayes' competitive spirit and veteran presence as key reasons for her signing.

"Tiffany is a fiery competitor with a winner’s mentality," Williams said in a statement. "A savvy veteran who will be a great addition to our team."

In her last season, Hayes averaged 12.1 points, three rebounds, and 2.6 assists per game over 40 regular season games. Throughout her 11-year career, she has averaged 13.6 points, 3.3 rebounds, and 2.4 assists.

🥒 🎾 Demand for Pickleball Courts Spurs New Developments in Southern Nevada

Pickleball is rapidly gaining popularity in Southern Nevada, leading to an increased demand for courts across the Las Vegas Valley. Here are some of the new pickleball venues and parks set to open soon:

New Pickleball Venues and Parks:

  1. The Electric Pickle:

    • Location: The Bend, southwest Las Vegas.

    • Features: Nine pickleball courts, a two-story restaurant, a patio, three bars, and a lawn for live music and events.

    • Opening: Expected in fall 2025.

  2. The Picklr:

    • First Location: 1450 Horizon Ridge Parkway, Henderson.

    • Features: Indoor pickleball courts.

    • Opening: Grand opening in October for the first location; four more locations planned near the 215 Beltway.

  3. Chicken N Pickle:

    • Location: Henderson.

    • Features: Air-conditioned courts, a restaurant, and a sports bar.

    • Opening: Expected in late 2024.

  4. West Henderson Sports Complex:

    • Location: West Henderson.

    • Features: A 180,000-square-foot indoor complex with convertible basketball/pickleball courts, hybrid turf fields, birthday party spaces, community rooms, and entertainment options like bowling, laser tag, mini-golf, a restaurant, and a bar.

    • Status: The Henderson City Council will vote on this complex on July 2.

  5. Wayne Bunker Park:

    • Location: Northwest Las Vegas.

    • Features: 25 new pickleball courts.

    • Construction Start: Scheduled for 2025.

🎰 Tropicana and Mirage Closures Shake Up Las Vegas Hotel Market

The Las Vegas hotel industry is experiencing significant changes with the closure of two iconic properties. The Tropicana, a historic Rat Pack-era hotel, closed on April 2, and The Mirage is set to close this summer for a three-year renovation. These closures will temporarily remove about 4,500 rooms from the market's inventory of more than 153,000 rooms.

Key Details:

  1. The Mirage:

    • Closing: This summer for a three-year renovation.

    • Reopening: Expected in spring 2027 as Hard Rock Las Vegas.

    • Changes: A new 660-foot tall hotel tower resembling back-to-back, all-glass guitars; demolition of the iconic volcano show; additional casino space; interior updates; and theater renovations.

    • Room Count: Will increase by approximately 600 rooms after renovation.

  2. The Tropicana:

    • Closed: April 2.

    • Future Plans: Bally’s plans to develop a $1.5 billion, 33,000-seat Major League Baseball stadium on part of the site. Remaining land will be used for a casino-resort, though plans are still flexible.

    • Room Count: 1,470 rooms were removed from the market.

Industry Impact:

  • Supply and Demand: Despite the loss of these rooms, the overall impact on the market is expected to be minimal due to the large number of existing rooms and high occupancy rates (around 80%).

  • Competitors: Other Strip hotels may benefit from increased occupancy and higher average daily room rates, particularly for value-seeking customers.

  • New Developments: Recent openings include Fontainebleau with 3,644 rooms and Durango with 211 rooms in 2023.

Expert Opinions:

  • Amanda Belarmino, assistant professor at UNLV, suggests that the Tropicana's closure might push budget-conscious visitors to other similar properties, potentially boosting off-Strip hotels.

  • Zach Demuth, global head of hotels research for JLL Hotels and Hospitality Group, views the closures as a sort of "even swap," with the room inventory changes normalizing the market.

Market Opportunities:

  • The closures might prompt major hotel brands to reassess their presence in Las Vegas. For instance, Marriott International's recent partnership with MGM Resorts International could inspire other brands like Hilton, Hyatt, or IHG to explore new deals in the evolving Strip landscape.

Summerlin Area Command - Week Ending: May 24, 2024

Courtesy of The Las Vegas Metropolitan Police Department.

📌🏠 Summerlin South - April 2024

*Median Sold Price By Bedroom Count

This is the middle price for which all homes in the area were sold based on the number of bedrooms. Half of all the homes sold were below this price, and half were above.

Visit here to see the entire report.

📌✅ We Want To Spotlight Your Business!

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We ❤️ Local Businesses!
We know our community is brimming with businesses that have fascinating stories and big hearts. If you're a local business owner making waves, crafting unique experiences, or simply putting a smile on our faces, we want to chat with you! "SummerSouth Insider" is eager to shine a light on the unsung heroes of our town. Let's collaborate and let the community know what makes your business special. Send us a message, and let's celebrate the spirit of Summerlin South together!

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Until next time, John Wu.

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