The Review-Journal reported in March that “home prices climbed in every ZIP code in the Las Vegas Valley last year amid strong demand and plunging availability.” The report added that the “newer, more affluent suburbs posted the highest overall prices, according to Applied Analysis’ SalesTraq.” A rebounding job market in Southern Nevada is another, compounded by no state income tax and numerous other economic factors, including cost-of-living numbers that are bringing hordes of Californians.īut Summerlin remains high as a priority location for home-seekers. Severe weather is one, especially after this past winter in much of the country. There are many reasons for the relocation of large chunks of population from different sectors of the country. The Census Bureau also reports that 55 percent of Nevadans own their homes, remarkably low compared with other states. For another, that was an upward bump from having the third-highest county growth rate in the nation only the year before, which in itself is reason enough to understand the inability to meet housing demands.Īnd while the desire for one-family housing is well in excess of the supply, the demand for affordable rentals throughout the valley is even more imperative. Suffice it to say that homebuyers keep coming to Las Vegas, and especially to Summerlin, at a pace that far exceeds builders’ ability to produce or the housing market’s ability to provide sufficient resales.įor one thing, Clark County’s population growth was the second-highest in the country in 2017, according to the U.S. The economic and sociological reasons are numerous. Applied Analysis is a major Nevada economic research and analysis firm. That was what Howard Hughes, the wealthy eccentric of yesteryear, paid the federal government for much of the nearly 25,000 acres we now know as Summerlin.īut according to SalesTraq, the real estate arm of Applied Analysis, the highest median sales prices for homes in the Las Vegas Valley are being recorded in Summerlin. In a nutshell, property in Summerlin - which, ironically was labeled a desert wasteland as recently as the mid-1950s and which sold then for as little as $2 and $3 an acre - is now among the hottest real estate commodities in the nation. As a result, values of homes have been soaring through their roofs. The short of it is that the supply of houses for sale in and around Summerlin has been nowhere near meeting the overwhelming demand. Redfin is redefining real estate and the home buying process in Summerlin with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.The Paseos in Summerlin, with the Spring Mountain in the background. If you're looking to sell your home in the Summerlin area, our listing agents can help you get the best price.
Redfin has a local office at 5580 S Fort Apache Rd #130, Las Vegas, NV 89148. Our top-rated real estate agents in Summerlin are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Summerlin. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Find your dream home in Summerlin using the tools above. In addition to houses in Summerlin, there were also 95 condos, 119 townhouses, and 1 multi-family unit for sale in Summerlin last month. In the past month, 284 homes have been sold in Summerlin. This map is refreshed with the newest listings in Summerlin every 15 minutes. Popular neighborhoods include Sun City Summerlin, Centennial Hills, South Las Vegas, Southwest Las Vegas, and Summerlin West. Most homes for sale in Summerlin stay on the market for 48 days and receive 1 offers. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. There are currently 184 homes with a view homes for sale in Summerlin at a median listing price of $696K.
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