Real Estate Market Conditions

May 2012 Summerlin Real Estate Market Conditions

May 15, 2012

Summerlin home sales for April '12 totaled 138 at a median price of $205,000. Condo sales were 28.

April '12 sales: 3784 total sales – local homes, condos and townhouses , for the Las Vegas area were up 3.3% over April '11 - local homes, condos and townhouses. The median price for a single family home was $127,900.

Short sales – 30.5 %,
Bank owned homes – 37%
Resales - 32.5%

In April '12 - 53.8% of existing homes sold for cash

Through April '12 61.1% of all condos and townhomes sold within 60 days.

April 2012 Summerlin Real Estate Market Conditions

April 23, 2012

Mar. '12 sales, 4204 total sales – local homes, condos and townhouses , for the Las Vegas area were up 4.4% over Mar. 11 - local homes, condos and townhouses. The median price for a single family home was $123,000.

Short sales – 27%, bank owned homes – 40.5%, resales - 32.4%

In Mar. '12 - 53.6% of existing homes sold for cash

SUMMERLIN home sales for Mar. '12 totaled 151 at a median price of $195,000. Condo sales were 25.

Through March '12 58.8% of all condos and townhomes sold within 60 days.

November 2011 Summerlin Real Estate Market Conditions

December 21, 2011

Nov. '11 sales, 3883 total sales – local homes, condos and townhouses , for the Las Vegas area were up 13.8% over Nov. '10 - local homes, condos and townhouses. The median price for a single family home was $125,000.

Short sales – 27.2%, bank owned homes – 45.9%, resales - 26.8%

In November '11 - 45.6% of existing homes sold for cash

SUMMERLIN home sales for Nov. '11 totaled 169 at a median price of $186,000. Condo sales were 26.

Through November 60.3% of all homes and 62.8% of all condos and townhomes sold within 60 days.

September 2011 Summerlin Real Estate Market Conditions

October 31, 2011

Las Vegas September 11 sales -

Sept. '11 sales, 4108 total sales – local homes, condos and townhouses , for the Las Vegas area were up 15.5% over Sept. '10, 3603 - local homes, condos and townhouses. The median price for a single family home was $123,400.

Short sales – 23.5%, bank owned homes – 49.4%, resales - 27.1%

In September '11 - 50.7% of existing homes sold for cash.

SUMMERLIN home sales for Sept. '11 totaled 184 at a median price of $207,000. Condo sales were 9.

Through September 60.7% of all homes and 61.3% of all condos and townhomes sold within 60 days.

Any information or question please call 702-544-6961.