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🏡 Las Vegas Ranks Among Top 10 Hottest Luxury Housing Markets in 2025
Issue #420 - January 30 2025
John Wu
30 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 Ranks Among Top 10 Hottest Luxury Housing Markets in 2025
Las Vegas has secured the eighth spot among the most attractive luxury housing markets in the U.S., according to a new study by Zonda, a company specializing in residential construction data. The report highlights Las Vegas' rising appeal, beating out major markets like Los Angeles and Boston. Leading the rankings for 2025 is Charleston, South Carolina.
Resilient High-End Market Supported by Wealth Growth
The study attributes the booming luxury market to wealth accumulation driven by a strong stock market and home price appreciation. High-income buyers, who are less affected by challenges such as rising mortgage rates and housing prices, continue to dominate the market.
Las Vegas has benefited significantly from this trend due to its diversified economy, attractive tax policies, and entertainment-driven lifestyle. Zonda’s data shows that the city’s high-income job market has grown by 7.9% since 2019, a growth rate that surpasses many other metros. This growth, combined with favorable conditions, makes Las Vegas a prime destination for affluent homebuyers.
Why Luxury Buyers Choose Las Vegas
Several key advantages attract high-end buyers to Las Vegas:
A tax-friendly environment with no state income tax
A thriving entertainment and dining scene
Major sports teams and world-class sporting events
An international airport offering easy global access
Proximity to outdoor recreation, including hiking, skiing, and golf
However, Zonda also noted some challenges that may deter buyers, including extreme summer heat, limited green spaces, traffic congestion, and localized crime in certain areas. Despite these drawbacks, Las Vegas continues to gain momentum among luxury buyers looking for investment and lifestyle opportunities.
A Growing, Diversified Economy
Las Vegas’ expanding economic sectors contribute significantly to its allure. The city’s economy, once heavily reliant on leisure and hospitality, has diversified into industries such as health care, logistics, film production, and sports entertainment. Real estate experts note that this diversification enhances its long-term sustainability.
The city's evolving corporate landscape is also helping draw companies away from higher-tax states like California. The lack of state income tax, coupled with favorable business incentives, has attracted companies seeking to relocate or establish headquarters.
Real estate advisor Kaori Nagao-Chiti from Las Vegas Sotheby’s says these factors have helped create a vibrant economic environment. Corporate relocation, high-end amenities, and a growing number of job opportunities have helped boost the housing market. This has fostered what she describes as a desirable work-life balance for new residents, including luxury homebuyers.
Long-Term Market Stability and Resale Value
Las Vegas also offers an appealing combination of relatively lower luxury home prices compared to other upscale markets and strong potential for resale value. Tia Roman, a broker and owner of Re/Max Reliance, points to the metro’s steady population growth and consistent influx of more than 40 million annual tourists as critical drivers of long-term housing market resilience.
Clark County is currently adding around 115 new residents daily, with roughly a third of the newcomers arriving from California. The region’s population is expected to surpass 3 million by 2042, well above the national growth rate for large metro areas.
New Home Market Thriving Amid Limited Resale Supply
Limited resale inventory is another reason for the strong performance of Las Vegas’ luxury housing sector. With a constrained supply of existing homes, buyers are turning to new builds within master-planned communities like Summerlin, Lake Las Vegas, and Cadence.
Sean Fergus, executive director of economic research at Zonda, notes that Las Vegas’ high-end market is “significantly over-performing,” thanks to its wide selection of move-up and luxury homes. He highlights that the combination of relatively affordable property taxes, world-class amenities, and diverse new home offerings gives the city a competitive edge.
As Las Vegas continues to diversify its economy and maintain its appeal to businesses and residents alike, its luxury housing market remains positioned for steady growth.
🏒 Golden Knights Aim to End January Strong as Blue Jackets Visit T-Mobile Arena
The Vegas Golden Knights will close out a turbulent January on Thursday night when they face off against one of the NHL’s biggest surprises, the Columbus Blue Jackets, at T-Mobile Arena. As the team wraps up its final homestand before the 4 Nations Face-Off break, it aims to gain some much-needed momentum heading into February.
This month has been a stark contrast to the Knights’ impressive December, during which they posted a 10-2 record. January has been filled with missed opportunities, leaving the team with a 6-6-2 mark. While most of their losses were close contests, their inability to capitalize has been costly, as evidenced by Tuesday’s 4-3 overtime loss to the Dallas Stars, despite holding a 3-1 lead in the second period.
At 31-15-5, the Knights know they need to correct their mistakes quickly. Eliminating the inconsistency in their game will be key to securing wins and keeping pace with the top teams.
Columbus: A Season of Surprises and Resilience
The Blue Jackets (24-19-7) are tied with the Tampa Bay Lightning for the final playoff spot in the Eastern Conference with 55 points. This season’s success is a remarkable turnaround for Columbus, which is only three wins away from matching its total from last season. Much of this resurgence is credited to first-year coach Dean Evason, who has guided the team through a challenging year marked by tragedy.
The Blue Jackets have been playing in honor of right wing Johnny Gaudreau and his brother Matthew, who tragically died in a bicycle accident on August 29. The team’s determination and spirit have kept them competitive as they battle for a playoff spot.
Columbus enters Thursday’s game with confidence but faces an uphill battle on the road. The team is just 7-14-4 away from home and has struggled historically at T-Mobile Arena, going 2-4 all-time.
Players to Watch: Werenski Leading Columbus’ Charge
Several young players have stepped up for the Blue Jackets under Evason’s guidance, including 24-year-old right wing Kirill Marchenko, who leads the team with 20 goals. However, defenseman Zach Werenski remains Columbus’ key player. Werenski is having an impressive season, with 16 goals—second among all NHL defensemen—and is just three points away from tying his career-high of 57.
While Werenski isn’t known for blazing speed, his skill in joining the offensive rush and unleashing precise shots makes him a major threat. His ability to read plays and contribute offensively has been vital to Columbus’ success.
A Crucial Game for Vegas
Despite the Blue Jackets’ progress this season, the Knights have a favorable chance to rebound. With Columbus struggling on the road, Vegas can take advantage of its home-ice advantage. The Knights are aware of the importance of building momentum before the break and climbing out of their recent slump.
Right wing Keegan Kolesar emphasized that the team’s performance hasn’t been entirely off-track, but inconsistency has hurt them. He sees this stretch as an opportunity to correct those issues and get back to their December form. The team knows that stringing together wins now is critical, as other teams in the Western Conference are closing the gap in the standings.
Thursday’s matchup presents the perfect opportunity for Vegas to reset and head into February with renewed confidence. With their season-long goals still within reach, the Knights understand that every point matters moving forward.
Donald Trump has announced 22 nominees for Cabinet-level positions during his second presidency, with 7 confirmed by the Senate so far. The appointments reflect a mix of loyal allies, former officials, and outsiders with ties to business, media, and conservative policy groups.
Notable Confirmations
Secretary of State: Marco Rubio (99 votes) – Florida senator and foreign policy hawk, known for his strong stance against China, Cuba, and Iran.
Defense Secretary: Pete Hegseth (51 votes) – Army veteran and former Fox News personality, with controversy surrounding his confirmation due to allegations of misconduct.
Treasury Secretary: Scott Bessent (68 votes) – Former hedge fund manager focused on deficit reduction and economic reform.
Homeland Security Secretary: Kristi Noem (59 votes) – South Dakota governor and supporter of strict immigration policies.
Transportation Secretary: Sean Duffy (77 votes) – Former congressman and TV personality with experience on financial and housing-related committees.
CIA Director: John Ratcliffe (74 votes) – Former congressman and intelligence chief during Trump’s first term.
EPA Administrator: Lee Zeldin (56 votes) – Former congressman and advocate on national security and environmental deregulation.
High-Profile Nominees Awaiting Confirmation
Attorney General: Pam Bondi – Florida’s first female attorney general and a key figure on Trump’s impeachment defense team.
HHS Secretary: Robert F. Kennedy Jr. – Vaccine skeptic and son of Robert Kennedy, who ran for president before endorsing Trump.
Commerce Secretary: Howard Lutnick – Billionaire CEO and cryptocurrency enthusiast.
Education Secretary: Linda McMahon – Former SBA leader and professional wrestling mogul.
National Intelligence Director: Tulsi Gabbard – Former Democratic congresswoman and military veteran with controversial foreign policy views.
Labor Secretary: Lori Chavez-DeRemer – Former Oregon congresswoman backed by unions.
Withdrawn Nomination
Matt Gaetz (Attorney General) – Withdrew amid a federal investigation into sex trafficking allegations, which hindered his confirmation prospects.
Key Themes and Priorities
Loyalty to Trump: Many appointees have longstanding ties to Trump, having worked in his first administration or on his campaign.
Conservative Policy Agenda: Appointments reflect Trump’s commitment to deregulation, stricter immigration enforcement, and pro-business policies.
Business and Media Ties: Several picks, including Sean Duffy and Pete Hegseth, come from the media or business sectors, continuing Trump’s tradition of tapping nontraditional candidates for government roles.
With Senate confirmations ongoing, Trump’s Cabinet is gradually taking shape, aiming to implement a second-term agenda focused on energy dominance, national security, economic growth, and conservative governance.
❎ Nevada’s Business Incorporation Industry: A Hidden Revenue Powerhouse
While Nevada is globally recognized for its booming casino industry and tourist attractions along the Las Vegas Strip, the state has quietly built another significant revenue stream: business incorporations. Known for its business-friendly laws, low tax rates, and privacy protections, Nevada has established itself as a preferred destination for companies seeking legal and financial advantages. In 2023 alone, the state generated approximately $183 million in revenue from new registrations and business-related fees, according to Secretary of State Francisco Aguilar.
The appeal of Nevada’s business incorporation system lies in the layers of legal protections, minimal disclosure requirements, and anonymity for shareholders. Businesses that incorporate in the state enjoy flexibility in their operations without needing a physical presence or local ownership. For many companies, Nevada offers a legal haven that is both lucrative and convenient.
Nevada vs. Delaware: The Corporate Incorporation Rivalry
Although Delaware remains the national leader in attracting corporate entities, Nevada is gaining attention for offering benefits that rival—and in some cases, surpass—those of Delaware. Delaware currently boasts that 68% of Fortune 500 companies are incorporated there, and 80% of all U.S. initial public offerings (IPOs) in 2023 were registered in the state. Its longstanding reputation as a corporate-friendly hub, along with a well-developed court system that specializes in corporate disputes, has cemented its place as the go-to state for large publicly traded companies.
However, Nevada has carved out a competitive niche by catering to a different segment of the market, particularly smaller and mid-sized businesses and private companies seeking protection and privacy. According to a securities filing by travel site Tripadvisor, Nevada law offers a “broader exclusion of individual liability” for corporate executives, directors, and shareholders, making it more attractive than Delaware for companies seeking legal insulation from lawsuits and financial risks. Tripadvisor also noted that Nevada’s regulations on dividend payments are less restrictive compared to Delaware’s, making it easier for companies to distribute earnings to shareholders.
Additionally, Nevada’s minimal corporate reporting requirements set it apart. Under Nevada law, shareholders’ identities are not publicly disclosed, offering companies a level of anonymity that Delaware cannot match. Applied UV, a company specializing in disinfection technology, cited this lack of public disclosure as a key reason for reincorporating in Nevada in 2023.
A Booming Industry Built on Flexibility and Privacy
As of mid-2023, more than 373,000 active business entities were registered in Nevada. The most common type of entity is the limited liability company (LLC), which offers flexibility in ownership and management, as well as protection from personal liability for debts and lawsuits. Business owners do not need to reside in Nevada to take advantage of these benefits, nor do their companies need a physical presence in the state.
The state’s appeal extends to a wide variety of industries, including real estate, finance, tech startups, and online businesses. Companies often incorporate in Nevada to shield their assets, reduce tax burdens, and limit liability. In many cases, these advantages allow businesses to operate more efficiently while maintaining a competitive edge.
A High Rate of Turnover Among Business Entities
Despite Nevada’s popularity as an incorporation hub, not all businesses thrive. According to the Secretary of State’s office, more than 755,500 business entities had been permanently revoked as of mid-2024. These revocations typically occur when businesses fail to meet state requirements, such as paying annual fees or submitting required filings. The high turnover rate highlights the challenges many companies face in maintaining long-term viability, but it also underscores the rapid pace of new incorporations that fuel the state’s ongoing revenue.
The frequent creation and closure of businesses reflect the dynamic nature of Nevada’s incorporation industry. Many entities are formed for specific purposes, such as real estate ventures or investment projects, and are dissolved once their objectives are met. Others may struggle to stay afloat due to market conditions, poor management, or a lack of funding.
Nevada’s Incorporation Industry: A Vital Source of Non-Gaming Revenue
Nevada’s incorporation industry plays a crucial role in diversifying the state’s economy beyond its dependence on casinos, tourism, and hospitality. The state’s strategic positioning as a business-friendly destination has allowed it to develop a sustainable source of non-gaming revenue, which is vital for long-term economic stability. The $183 million generated in 2023 represents a significant contribution to state funding for infrastructure, education, and public services.
Moving forward, Nevada’s ability to compete with Delaware and other states will depend on maintaining its business-friendly reputation while adapting to changes in national and global regulatory environments. As companies continue to seek favorable legal and financial conditions, Nevada is well-positioned to remain a key player in the business incorporation sector.
By offering a combination of flexibility, legal protection, and confidentiality, Nevada will likely continue attracting businesses looking to protect assets, limit liability, and capitalize on the state’s advantages. With steady growth in new registrations and a revolving door of business activity, the state’s incorporation industry is poised to remain a quiet but powerful driver of its economy.
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 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.
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Until next time, John Wu.