December 4, 2017

September 2017 Summerlin Real Estate Market Conditions

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Sept. 2017 home sales in Summerlin, NV had a total of 3571 local homes sold; this was a combo of single family homes, condos and townhouses. The median price for a single family home was $265,000 this is 13.5% higher than Sept. ’16 and 1.9% higher than the Aug '17 median price.

The market consists of short sales at 2.9%, bank owned homes 2.3% and resale at 94.8%. In Sept ’17 around 82.9% of all single family homes and 87.6% condos and townhomes sold within 60 days. GLVAR reported that 25.7 percent of all local properties sold in Sept. were purchased with cash, down from 25.8 percent in Aug 2016.

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