Summerlin (Las Vegas NV) June 2010 Real Estate Market Report (Homes for Sale, Under Contract, SOLD!)

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Summerlin Real Estate Market Report and Absorption Rate


 Summerlin June 2010 Real Estate Resale Market Report:

  • Listings (7/15/2010):  720
  • Under Contract (7/15/2010):  654
  • Sold June 2010:  175

Since Last Month's Report:

  • Listings UP +44
  • Pendings DOWN -42
  • Sold Units UP +25

Last Month's Summerlin Report

Most Current Summerlin Market Report

Posted by

Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®


copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

In the section under 2010 you have two 2009 dates. Is that the date you wanted to use? It is good to see that sold properties is up.


Jul 26, 2010 03:20 PM #1
Ross Quintana
Real E Smarter - Spokane, WA
Real E Smarter Real Estate Coach - 509-362-1966

Nice to see things picking up, you rock!

Jul 26, 2010 03:34 PM #2
Ken Barker Realtor® GRI, E-Pro Certified
Dilbeck Real Estate - Burbank, CA

Renee - Nice area. Just under 5 months that seems good to me.

Jul 26, 2010 04:08 PM #3
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA


Do you think the apparent inventory is a natural indication of this market or more a matter of lenders drip feeding their REO?


Jul 26, 2010 04:17 PM #4
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Renee, please come to TN and do my market reports.

Jul 26, 2010 05:50 PM #5
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Renee I agree with Tammie - come to VA and do our reports - your reports are among the best I've seen - the work of a real local expert

Jul 27, 2010 06:06 AM #6
William Johnson
RE/MAX Associates - La Jolla, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE

Hi Renee, Your markets have picked up over the past few months. But I see that the prices are still really depressed. Do you think with all the investors that are buying out there, that rents will also be depressed for for a time. Or are the rents holding along with the sales increases.

Jul 27, 2010 09:01 AM #7
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL

Renee - Wow, sold units up +25 in Summerlin Las Vegas NV is great.

Jul 27, 2010 09:47 AM #8
Debbie Aldrich
The Watts Group Real Estate - Cottonwood Heights, UT
Salt Lake City Realtor - Salt Lake County, Cottonwood Heights

Renee, Great report as usual, I hope most of those solds were yours, you are the Vegas Diva!

Jul 27, 2010 12:56 PM #9
Michael Bergin
Coldwell Banker Residential Brokerage - ABR - SRES - Alexandria, VA
Northern Virginia Real Estate

Nice, nice graphics - it makes the whole thing POP. 


Jul 27, 2010 01:50 PM #10
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!


Summerlin looks like it is taking off well again; love those community names

Jul 27, 2010 04:50 PM #11
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Nice job Renee summarizing what is going on in the Summerlin Real Estatate market. I hope you are kicking some butt:)

Jul 28, 2010 12:39 AM #12
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Holy Moly 12 comments on a market report when my average is three!  Thanks all for the comments!

Cal:  THANKS GOOD EYE! Will revise!

Steve:  as always, drip feeding.  We are on an IV here, LOL!  Less investors are purchasing at trustees sales right now with the tax credit expiring and buyer pool thinning.  We will be seeing more REO in the near future.

Tammie & Karen:  LOLOL!  Maybe I should be "for hire" in the market report department.  All my graphs are pre-set so I just plug in 411!

William:  MOST EXCELLENT POINT!!  Our rental prices ARE getting diluted from the amount of rental homes being bought.  Also many renters have turned into buyers in the last several years.  Couple that with our extremely high unemployment and we have not many incoming residents as we used to!

Jul 28, 2010 05:35 AM #13
Esko Kiuru
Bethesda, MD


The month's inventory reversed itself and is heading more towards a seller's market again.

Jul 30, 2010 08:36 AM #14
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Pulled July Stats already and I am amazed that summerlin inventory is even lower!

Aug 16, 2010 02:21 PM #15
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