September 19, 2017

August 2017 Summerlin Real Estate Market Conditions

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August 2017 home sales in Summerlin, NV had a total of 4012 local homes sold; this was a combo of single family homes, condos and townhouses. The median price for a single family home was $260,000 this is 10.6% higher than Aug. ’16 and unchanged from the June '17 median price.


The market consists of short sales at 3.7%, bank owned homes – 2.4 % and resale at 93.9%. In Aug. ’17 around 83.3% of all single family homes and 90.4% condos and townhomes sold within 60 days. There was 25.8 percent of all local properties sold in Aug. were purchased with cash, same as 25.8 percent in July 2016.

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