Summerlin Neighborhood Snapshot

Are prices for these homes flexible? That was a recent question asked from a buyer I'm working with in purchasing Las Vegas Real Estate.

As provided to the client, The Quick snapshot of recent closings for Summerlin Homes in the $250,000 to $300,000 range to the right shows what is currently taking place.

Take a look at the Days on Market (DOM) for these Summerlin Homes and you'll notice the recent trend. The ones that were available for sale for the shortest amount of time had an actual close price higher then the list price. This indicates an upward trend taking place as inventory continues to decline and desirable Las Vegas homes have multiple bids coming in resulting in higher sales prices.

While not yet reported in the official reports... trends are starting to show an increase in Las Vegas Home Values and are indicating the end to the downward free fall that has plagued the market for the past year.

If you've been waiting for reports that signal stability... keep in mind that news travels fast.

You can contact me with the information below to sign up to have the newest Las Vegas home listings that become available for sale automatically e-mailed to you. As the snap shot suggests for current Las Vegas Real Estate conditions... the good ones are not lasting long.

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