January 18, 2018

December 2017 Summerlin Real Estate Market Conditions

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December 2017 home sales in Summerlin, Nevada had a total of 3204 local homes sold; this was a combo of single family homes, condos and townhouses. The median price for a single family home was $267,900 this is 14.0% higher than December 2016 and up 2.5% from the November 2017 median price.

The market consisting of short sales and bank owned homes total was 3.6 % and resale at 96.4%. In December 2017 around 79.3% of all single family homes and 88.4% condos and townhomes sold within 60 days. There was 25.7 percent of all local properties sold in December were purchased with cash, 28.7 percent in December 2016.

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