January 2014

Found 6 blog entries for January 2014.

Over the past twelve months, 22 homes sold in the guard-gated Eagle Hills in Summerlin.  This community has established itself as one of Summerlin's favorite communities due to the custom homes and the location.  On the TPC Summerlin golf course, Eagle Hills is convenient to the Summerlin Hospital, schools such as Meadows, Becker and Adelson and offers easy access to the Summerlin Pkwy.

Eagle Hills owners will find spacious homes on lots that range from over a quarter of an acre to almost half an acre.  The earliest homes were built in the mid-90s with a few that were completed after 2000.  The age of the community means that landscaping is mature and residents can enjoy tree-lined streets.

Past Eagle Hills Summerlin SOLD Properties


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Over the past year, Tournament Hills Summerlin Real Estate had some very nice home sales with one home fetching $6,850,000 in December.  Earlier in the year, we did see a couple of bargains.  As the year progressed, the homes that sold seemed to establish that home values in this exclusive community of luxurious estates is well on the road to recovery.  For those who enjoy a more traditional style luxury home on the private TPC Summerlin golf course, this is a community to explore.

The following chart lists all homes sold in Tournament Hills over the past year.  It is updated monthly and can be a resource if you own or want to own in Tournament Hills.  Feel free to bookmarked this page and return to it to see the latest Tournament Hills closings.

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Over the past year, The Ridges of Summerlin Real Estate has recorded some of the most expensive home sales in the Valley.  In 2013, there were 35 closed escrows in the community.

The following table gives the list of homes sold over the past 12 months and will be updated on a monthly basis. If you are interested in the Ridges of Summerlin Real Estate, feel free to bookmark this page and return for updates on recent sales.


Past Ridges of Summerlin Neighborhood Sold Properties


The median price of all single family homes in the Ridges is now $2,175,000, with half the homes that sold over the past year closing for less and half closing for more. If we only consider the custom homes, the median price goes up to $2.6M. We suspect the

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Selling Your Las Vegas Home in 2014 is going to be a bit easier than it would have a few years ago.  Las Vegas home values appreciated in 2013.  This was partially due to low inventory, pent-up demand and a decline in the number of foreclosures.  This means your home is worth more now than it would have been had you sold earlier.

As prices rebound, we do anticipate more homes coming on the market.  Investors who bought at the bottom of the market will begin taking profits.  Homeowners who have been waiting for the day when they can break even are also beginning to list.  It may still be a seller's market, but you will find a little more competition than last year.

If you're contemplating Selling Your Las Vegas Home in 2014 we suggest starting with

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Can't believe it's already time for the first Las Vegas Real Estate Update in January 2014.  We're definitely off to a much better start this year than we were last year.  Median home prices are up in Las Vegas, $185,000 for a single family home.  The Las Vegas Review Journal, just reported what we've been observing for months.  Short sales and foreclosures are a much smaller part of the market than they were a year ago.

As we move into 2014, we currently have 7101 single family homes listed for sale.  Add another 1776 condos and town homes plus 439 high rise condos for a total of 9316 options available for buyers.  Out of those, 1428 are short sales.  Another 748 are foreclosures.  The remainder are all traditional sales.

Sold in December:


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A review of Las Vegas High Rise Condo buildings for the month of December shows a typical slowdown over the holidays.  We've started the New Year with 441 high rise condos available in our most popular buildings.

We sold 40 high rise condos through the MLS in December.   We've averaged 53 units per month over the past year.  This is typically a slow time of year with fewer conventions bringing high rise buyers into town.

Of the condos that sold in December, prices have been good.  Seven of the condos that closed in December sold for more than $1 Million.  Top price paid was at Park Towers where an 11th floor condo sold for $2.3M.

Type of Sale:

Only 4 of the high rise condos sold in December were foreclosures.  Only three of the high rise

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