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- 🏡 Las Vegas Housing Market Could Face Pressure from Los Angeles Wildfires
🏡 Las Vegas Housing Market Could Face Pressure from Los Angeles Wildfires
Issue #404 - January 14 2025
John Wu
14 Jan
Dear SummerSouth Insiders!
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📆 Weekly Local Events for January 2025
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
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: 7PM (Every week on Tuesday), FOLLOW US ON INSTAGRAM @rundrinklv FOR THE LATEST WEATHER/TIMING UPDATES
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)
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.
⛽ Las Vegas Gas Prices
🏡 Las Vegas Housing Market Could Face Pressure from Los Angeles Wildfires
As wildfires devastate parts of Los Angeles County, experts predict a ripple effect on Las Vegas’ housing and rental markets. With thousands displaced and home values fluctuating, Southern Nevada could see an influx of residents from California, potentially exacerbating the valley’s already tight housing market.
Wildfires Drive Relocation to Las Vegas
The Eaton and Palisades wildfires have destroyed over 12,000 structures and displaced more than 92,000 residents in Los Angeles County, with evacuation warnings impacting nearly 89,000 more. Displaced homeowners and renters may consider relocating to more affordable areas like Las Vegas, which consistently ranks as a top destination for Californians moving out of state.
Shawn McCoy, director and associate professor at UNLV’s Lied Center for Real Estate, noted that the media coverage and heightened awareness of wildfire risks often influence relocation decisions. A 2018 UNLV study on wildfires in Colorado revealed similar patterns of migration following major fire events.
Affordability a Driving Factor
While Las Vegas offers a lower cost of living compared to Los Angeles, it may not be a safer option in terms of fire risk. According to First Street, Las Vegas homes face a 34% risk of wildfire damage over the next 30 years, slightly higher than Los Angeles’ 30%.
Daryl Fairweather, chief economist for Redfin, emphasized that affordability, not necessarily fire safety, is the main driver for those considering relocation.
“Los Angeles rents are expected to rise as fire-damaged housing stock tightens the market. Households on the margin of affordability in L.A. could find themselves priced out, making Las Vegas and other cities attractive alternatives,” she said.
Impact on Local Housing and Rentals
McCoy anticipates upward pressure on Las Vegas rents and home prices as displaced Californians seek housing. This trend may also be driven by residents near the fires, who, despite not losing their homes, may seek to move due to heightened concerns about future risks.
“In addition to displaced families, households considering a move to Los Angeles may now look elsewhere, with Las Vegas being a top alternative,” McCoy said.
Fairweather echoed these sentiments, predicting a modest but noticeable impact on Las Vegas’ housing market.
Historical Trends in Fire-Damaged Areas
McCoy’s study on Colorado wildfires found that home prices in fire-prone areas often dip immediately following a blaze but tend to recover within one to two years. This pattern could hold true in Los Angeles, where homes in desirable areas with views, water access, or proximity to mountains may be rebuilt at higher values due to general market dynamics.
Las Vegas' Own Fire Risk
Despite its appeal as a relocation destination, Las Vegas is not immune to wildfire risks. According to First Street, 26,546 homes in the valley are classified as having a “high risk” of wildfire damage. The Environmental Protection Agency highlights a growing threat of wildfires nationwide, with the Western U.S. seeing an increase of over 100 days in wildfire season since 1970.
Modest but Notable Market Impact
While Las Vegas is likely to see an influx of residents due to the Los Angeles wildfires, experts caution that other regions will also attract new arrivals. McCoy and Fairweather agree that the valley’s housing and rental markets will experience modest but significant shifts as the region continues to navigate its own challenges with affordability and fire risk.Subscribe to SummerSouth Insider
🏒 Marchessault Prepares for Emotional Reunion as Predators Host Golden Knights
Jonathan Marchessault, a pivotal figure in the Golden Knights’ history, is gearing up for one of the most emotional games of his career as his new team, the Nashville Predators, faces off against Vegas on Tuesday at Bridgestone Arena. The matchup marks the first time Marchessault will play against the Golden Knights, where he spent seven successful seasons.
Reflecting on His Golden Knights Legacy
Marchessault, 34, left the Knights last summer after signing a five-year, $27.5 million contract with the Predators. During his tenure with Vegas, Marchessault became the franchise's all-time leading scorer with 192 goals and 417 points, helping the team secure the Stanley Cup in 2023.
Though his departure was bittersweet, Marchessault is eager to reconnect with his former teammates. Before the game, he plans to meet several of them for dinner.
“I’m excited to see the boys,” Marchessault said. “It’s going to be a special night.”
A Challenging Season in Nashville
The Predators had high hopes after making splashy offseason moves, including signing Marchessault, former Tampa Bay Lightning captain Steven Stamkos, and defenseman Brady Skjei. However, their season has fallen short of expectations.
Nashville sits at 13-22-7, 15 points out of a playoff position, despite Marchessault’s recent surge. He has 10 goals and 19 points in his last 17 games after a slow start.
“I didn’t come to Nashville to win in year one,” Marchessault said. “I’m here to help build a winning culture and bring this team to a championship in the future.”
Knights Soaring at the Top
While the Predators struggle, the Golden Knights continue to excel. Vegas (29-11-3) is tied with the Washington Capitals for the league's best record. Marchessault credited his former teammates, particularly the top line of Jack Eichel, Mark Stone, and Ivan Barbashev, for their exceptional play.
“Seeing them do well doesn’t surprise me,” he said. “They’ve been incredible this season.”
An Emotional Return
Tuesday’s game will undoubtedly be an emotional one for Marchessault, who still cherishes his time in Vegas. He described his years with the Knights as “the ride of a lifetime.”
Marchessault’s journey this season has been marked by personal and professional challenges. In September, his junior team, the Quebec Remparts, retired his No. 18 jersey the day after his mother, Lesly, passed away from a heart attack. Despite the tragedy, Marchessault honored his mother’s memory by attending the ceremony.
As the Predators aim to rebound from their rocky start, Marchessault is finding his rhythm alongside Stamkos and Filip Forsberg. For Vegas, stopping that dynamic trio will be a key focus.
The game is more than just another regular-season matchup. It’s a celebration of Marchessault’s lasting impact on the Golden Knights and a glimpse at his future with Nashville.
❎ Biden’s Exit from Office Stirs Memories of Classified Document Controversy
As President Joe Biden prepares to leave the White House, his departure has reignited concerns surrounding the handling of classified documents, an issue that marked a difficult chapter in his administration. The moving process, now under enhanced scrutiny, comes in the wake of a previous controversy where Biden inadvertently retained sensitive materials after his vice presidency.
Lessons from the Past
The discovery of classified documents at Biden’s Delaware home and former office at the Penn Biden Center in late 2022 led to a federal investigation. Special counsel Robert Hur ultimately determined that the majority of these documents were mistakenly removed, with no evidence of criminal intent. However, a Justice Department report characterizing Biden as an "elderly man with a poor memory" fueled concerns over his cognitive fitness, contributing to his decision to withdraw from the 2024 presidential race.
This mishap also complicated the Justice Department’s case against President-elect Donald Trump, who faced allegations of intentionally hoarding sensitive materials at his Mar-a-Lago estate. Trump’s legal team leveraged Biden’s mishandling to argue political bias, watering down the impact of Trump’s indictment.
Improved Transition Protocols
Biden, aware of the stakes, established a presidential records task force in 2024 to devise best practices for handling classified materials during transitions. While the administration has pledged to follow strict protocols, the task force has yet to release its recommendations.
Barbara Perry, director of presidential studies at the University of Virginia’s Miller Center, emphasized the importance of preserving state secrets. She called for clear mechanisms to ensure that classified information is properly handled during transitions.
Under the Presidential Records Act, most documents generated during a presidency are deemed government property and must be sent to the National Archives. Personal items, such as family photographs and diaries, are among the few exceptions.
A History of Document Mishandling
The challenges of managing classified information aren’t unique to Biden or Trump. For decades, classified materials have been found in the possession of former presidents, vice presidents, and other government officials. These instances often stem from oversight rather than deliberate intent.
In Trump’s case, however, authorities alleged a willful refusal to return classified documents, prompting an FBI raid in 2022. Sensitive materials, including information on U.S. defense capabilities and nuclear programs, were discovered in unsecured areas at Mar-a-Lago. Despite the indictment, the Justice Department dismissed the case following Trump’s 2024 election victory, citing its policy against prosecuting sitting presidents.
Political and Legal Implications
Biden’s classified document controversy highlighted the blurred lines between legal accountability and political fallout. While his cooperation during the investigation shielded him from criminal charges, the ordeal amplified public concerns over his age and memory, leading to speculation about his capacity to govern.
These concerns were further magnified by his performance in the 2024 presidential debates, where his struggles against Trump became a focal point. Ultimately, Biden’s decision to step aside paved the way for Vice President Kamala Harris to lead a truncated campaign, culminating in Trump’s return to the presidency.
Looking Ahead
With Biden’s tenure drawing to a close, the administration faces heightened expectations to manage its transition with precision. The focus now shifts to ensuring that the errors of the past are not repeated, preserving the integrity of the office and the security of the nation’s secrets.
Key Takeaways:
Document Handling: Biden’s previous missteps underscore the need for stricter protocols during presidential transitions.
Political Impact: The classified documents controversy diminished Biden’s political standing, raising questions about his cognitive fitness.
Comparative Cases: Trump’s legal woes were overshadowed by allegations of bias, fueled by Biden’s parallel mishandling.
Future Policies: Biden’s task force aims to establish comprehensive safeguards to prevent future incidents.
National Security: Ensuring the secure transfer of classified materials remains a critical priority for the outgoing administration.
🏈 Las Vegas Moves Closer to Hosting College Football Playoff Championship
Las Vegas may soon add another major event to its growing sports resume, as the city is taking steps to secure a future College Football Playoff (CFP) National Championship game.
The Las Vegas Convention and Visitors Authority (LVCVA) board of directors is set to discuss the matter during its Tuesday meeting, with an agenda item proposing up to $40 million in funding to host the game.
Preparing for a CFP Bid
The LVCVA’s proposed agreement with CFP officials includes an initial $25 million allocation, along with a $15 million contingency. Funds would be used for event management, marketing, team facilities, permits, security, and emergency services. The agreement also authorizes LVCVA President and CEO Steve Hill to execute necessary contracts and awards if Las Vegas is chosen to host the game.
“Hosting the College Football Playoff National Championship Game has been a long-term goal of the LVCVA,” the agency said, emphasizing its commitment to collaborating with federal, state, and local officials to meet CFP requirements.
Targeting a Future Championship
While the LVCVA has not disclosed the exact year under consideration, discussions in 2024 suggested Las Vegas was pursuing the 2027 championship. If awarded, the event would take place at Allegiant Stadium, a $2 billion venue that has become a hub for high-profile sports and entertainment events since opening in 2020.
The stadium has already hosted the Super Bowl, multiple bowl games, and will host WWE’s WrestleMania this year, as well as the 2028 NCAA Men’s Basketball Final Four.
College Football Playoff Structure
Under the new 12-team CFP format introduced this year, the championship game is the culmination of a series of matchups. The playoffs begin with first-round games at the higher-seeded teams’ home stadiums, followed by quarterfinals and semifinals held at neutral-site bowl games. The championship game is hosted at a pre-selected neutral site.
This year’s title game will take place on Jan. 20 at Mercedes-Benz Stadium in Atlanta, with Hard Rock Stadium in Miami scheduled to host in 2026.
A City Poised for Success
Las Vegas has established itself as a premier destination for major sporting events, drawing significant tourism and economic activity. The city’s appeal lies not only in its state-of-the-art venues but also in its capacity to host large crowds and deliver world-class entertainment.
If Las Vegas secures the CFP championship, it would further solidify the city’s reputation as a go-to location for marquee events in the sports world.
Summerlin South, NV Demographics
What is the population of Summerlin South?
What are the employment statistics in Summerlin South?
How many households are there in Summerlin South?
What are the median and average incomes in Summerlin South?
How many homeowners and renters are there in Summerlin South?
What is the level of education in Summerlin South?
What is the marital status of Summerlin South residents?
What are the most common means of transportation in Summerlin South?
Methodology & Disclaimers
Demographic data shown in this section was gathered from the latest U.S. Census Bureau release, the 2022 American Community Survey. The information is updated yearly, as soon as new data is made available by the US Census Bureau.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.
Zip codes included in this demographic data: 89135
Summerlin Area Command - Week Ending: January 3, 2025
Courtesy of The Las Vegas Metropolitan Police Department.
📌 🏠 Summerlin South - December 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!
Would you like us to spotlight your local business in front of thousands of Summerlin South area residents in an upcoming issue of SummerSouth Insider?
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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