Summerlin

Step into Summerlin, and you’ll feel like you’ve arrived in the coziest and friendliest neighborhood around. It’s like that warm and welcoming neighbor who greets you with a smile and knows everyone by name, making you instantly feel at home.

The moment you step outside, you’ll be greeted by well-kept parks and beautiful green spaces that invite you to take a leisurely stroll or have a picnic with your loved ones. The community here takes great pride in maintaining these areas, and it shows in the lush, inviting landscapes. more here

But it’s not just the picturesque surroundings that make Summerlin special; it’s the people. The sense of community is strong, and you’ll quickly find yourself making new friends and connections. From neighborhood events to local gatherings, there’s always something happening that brings everyone together.

For families, Summerlin is a true haven to watch your children grow and thrive. The schools are excellent, and the educators genuinely care about their students’ well-being and success. Kids can be seen riding their bikes down safe and friendly streets, and parents can rest assured that their little ones are growing up in a nurturing environment.

As you stroll through the neighborhood, you’ll notice the little touches that make Summerlin feel like a close-knit community. Neighbors wave and say hello as they pass by, and there’s always someone willing to lend a helping hand if you need it.

In the evenings, you might find yourself joining a barbecue or gathering at a local park, where laughter and chatter fill the air. It’s the perfect place to build lasting memories with family and friends.

Summerlin also offers a diverse range of activities to keep everyone entertained. Whether it’s exploring the local shops and restaurants or hitting the nearby trails for a scenic hike, there’s something for every member of the family to enjoy. 

With its blend of natural beauty, friendly faces, and a genuine sense of belonging, Summerlin is more than just a neighborhood – it’s a place where hearts feel at home, and families can create a lifetime of cherished moments together. So, if you’re looking for a place that wraps you in its warm embrace and becomes your community, Summerlin is the ideal destination to put down roots and watch life blossom. view more

MARKET CONDITIONS COMMENTS for SUN CITY SUMMERLIN

Sales Prices: Increasing
An analysis was performed on 356 competing sales over the past 12 months. The sales within this group had a
median sale price of $450,000 with a low of $240,000 and a high of $1,360,000. This analysis shows a change of
+1.9% per month. The median sale price per sqft was $285.97 with a low of $185.04 and a high of $527.75. This
analysis shows a change of +1.3% per month. An analysis was also performed on 517 sales from the broader
defined neighborhood over the past 12 months. The sales within this group had a median sale price of $405,000
with a low of $240,000 and a high of $1,247,500. This analysis shows a change of +1.3% per month. The median sale
price per sqft was $279.90 with a low of $183.07 and a high of $472.70. This analysis shows a change of +1.4% per
month.

Sales Days on Market: Declining
An analysis regarding days on market was performed on 356 competing sales over the past 12 months. For these
sales, the median DOM was 24 with a low of 0 and a high of 348. This analysis shows a change of -2.8% per month.
An analysis regarding days on market was also performed on 517 sales from the broader defined neighborhood
over the past 12 months. For these sales, the median DOM was 26 with a low of 0 and a high of 371. This analysis
shows a change of -2.9% per month.

Price Ratio: Increasing
An analysis was performed on 356 competing sales over the past 12 months. The sales within this group had an
average sale price to list price ratio of 97% with a low of 67% and a high of 112%. An analysis was also performed
on 307 sales from the broader defined neighborhood over the past 6 months. The sales within this group had an
average sale price to list price ratio of 98% with a low of 67% and a high of 112%.

Housing Supply: Increasing
An analysis was performed on 214 sales plus all active listings that are competing properties, over the past 6
months. Based on this entire set of data there is a 1.6 month supply. This analysis shows a change of +6% per
month. In addition, an analysis was performed on 84 sales plus all active listings that are competing properties,
over the past 3 months. Based on this entire set of data there is a 2.0 month supply. This analysis shows a change
of +58.7% per month. In addition, an analysis was performed on 307 sales plus all active listings that are properties
from the broader defined neighborhood, over the past 6 months. Based on this entire set of data there is a 1.6
month supply. This analysis shows a change of +4.5% per month. In addition, an analysis was performed on 130
sales plus all active listings that are properties from the broader defined neighborhood, over the past 3 months.
Based on this entire set of data there is a 1.9 month supply. This analysis shows a change of +48.2% per month.

Number of Active Listings:
An analysis regarding quantity was performed on all competing actives (listings that were considered to be active
on at least one day in the past 6 months). There are currently 57 active listings as of the effective date of this
appraisal. From the same data, an analysis was also performed on the quantity of active listings. An analysis
regarding quantity was also performed on all actives from the broader defined neighborhood (listings that were
considered to be active on at least one day in the past 6 months). There are currently 83 active listings as of the
effective date.