SINGLE FAMILY RESIDENCE

On The Market                                         50

Bank Owned                                              4         

Short Sale                                                 6           

Pending                                                     1          

Contingent                                               15           

Sold                                                        37           

Foreclosure Commenced                             0         

CONDO/TOWNHOUSE

On The Market                                          7           

Bank Owned                                              1             

Short Sale                                                 2          

Pending                                                     0               

Contingent                                                 2              

Sold                                                          3            

Foreclosure Commenced                             0

SIENA is the second active adult community in Summerlin.  It is a very beautiful community and has one golf course.  (Sun City Summerlin has three)  Again you can see the low foreclosure and short sale rates among the seniors.  There are 2,001 homes within the Siena community.

SINGLE FAMILY RESIDENCE

On The Market                                      117

Bank Owned                                             6         

Short Sale                                              14           

Pending                                                   5          

Contingent                                              21           

Sold                                                       49           

Foreclosure Commenced                            1          

CONDO/TOWNHOUSE

On The Market                                         45           

Bank Owned                                              7             

Short Sale                                                 1          

Pending                                                      5           

Contingent                                                10              

Sold                                                         21            

Foreclosure Commenced                              1

The community of Sun City Summerlin  consists of 7,800 homes.  I would say the numbers for seniors going in to foreclosure is low. 

SINGLE FAMILY RESIDENCE

On The Market                                      509

Bank Owned                                           73         

Short Sale                                            162           

Pending                                                  69          

Contingent                                            514           

Sold                                                     348           

Foreclosure Commenced                          28          

CONDO/TOWNHOUSE

On The Market                                        63           

Bank Owned                                             7             

Short Sale                                               27          

Pending                                                  11               

Contingent                                              94              

Sold                                                       81            

Foreclosure Commenced                            3 

With the end of the first time home buyers tax credit, it will be interesting to see how these numbers change.  I will do another update the end of July.   These numbers do not reflect the two Summerlin active adult communities of Sun City Summerlin and Siena.  They are posted here separately.

SINGLE FAMILY RESIDENCE

On The Market                                     518

Bank Owned                                           50         

Short Sale                                            224           

Pending                                                  61          

Contingent                                            431           

Sold                                                       46           

 Foreclosure Commenced                          34          

CONDO/TOWNHOUSE

On The Market                                       80           

Bank Owned                                           12             

Short Sale                                              34          

Pending                                                 15               

Contingent                                             80              

Sold                                                       7             

Foreclosure Commenced                         5 

Contingent means that there has been an offer written on the property.  There could be many reasons why it did not go straight into Pending Status, inspections, loan is not quite in place, or what we are seeing a lot of these days is waiting for the bank to decide on a short sale.  The On The Market figures are a total of ones with no contact.  

SINGLE FAMILY RESIDENCE

On The Market                                                 973

Bank Owned                                                      53

Short Sale                                                       202

Pending                                                             76

Contingent                                                       424

Sold                                                                 136

Foreclosure Commenced                                      21

CONDO/TOWNHOUSE

On The Market                                                   143

Bank Owned                                                         19

Short Sale                                                            22

Pending                                                                15

Contingent                                                            72

Sold                                                                     23

Foreclosure Commenced                                         4

Look at the properties that went under contract or Contingent since Oct.  Contingent means that there has been an offer written on the property.  There could be many reasons why it did not go straight into Pending Status, inspections, loan is not quite in place, or what we are seeing a lot of these days is waiting for the bank to decide on a short sale. The On The Market figures are a total of ones with no contact and the contingent.  This does not include the pending as offers are not usually written on a property while in this status, but offers as often still put in on properties that are contingent.

SINGLE FAMILY RESIDENCE

On The Market                                                 115

Bank Owned                                                        10

Short Sale                                                             8

Pending                                                                 9

Contingent                                                           16

Sold                                                                     14

Foreclosure Commenced                                          0

CONDO/TOWNHOUSE

On The Market                                                     46

Bank Owned                                                           2

Short Sale                                                              9

Pending 6                                                               6

Sold                                                                       4

Contingent 6                                                           6

Foreclosure Commenced                                          1

SINGLE FAMILY RESIDENCE

On The Market                                                     58

Bank Owned                                                          3

Short Sale                                                             6

Pending                                                                 2

Contingent                                                            12

Sold                                                                     13

Foreclosure Commenced                                         0

CONDO/TOWNHOUSE

On The Market                                                       8

Bank Owned                                                          1

Short Sale                                                             0

Pending 0                                                               0

Sold                                                                      3

Contingent                                                             3

Foreclosure Commenced                                         0

Siena is the second Active Adult Community is Summerlin.  Just like with Sun City Summerlin, Siena will stand alone with it’s own statistics for the people looking to live in an active adult community.  Just like Sun City Summerlin all the homes are single story.

Villa Trieste is a Summerlin Neighborhood that I wrote about in January.  It is a beautiful community and the homes are wonderful.  The below quote is from an article written in Earth News.

Pulte Homes has been selected as the recipient of the 2009 Leadership for Energy and Environmental Design (LEED) Award for Homes Outstanding Production Builder by the U.S. Green Building Council (USGBC).

“The USGBC’s Residential Market Development Team selected Pulte for this year’s Production Builder award because of Pulte’s Las Vegas division’s outstanding achievements and future commitments – with the Villa Trieste project in Summerlin, Nevada. Villa Trieste is planned to be a community of 185 LEED Platinum-certified single-family homes, placing it firmly among the ranks of the largest LEED for Homes projects to date.

Homes in Villa Trieste feature solar panel roofs, offer a 55 percent improved energy efficiency over the International Energy Conservation Code and decrease indoor water use by 35 percent. Approximately 75 percent of waste from the construction process is diverted from the landfill. Additionally, houses are built under the Environments for Living® Certified Green program.”

If you would like to go back and read my original post it is right here on Real Summerlin.  There is also a link for pictures here. 

Congratulations Pulte it is an award well deserved. 

On The Market                                                 100

Bank Owned                                                        7

Short Sale                                                          11

Pending                                                               6

Contingent                                                          17

Sold                                                                   13

 Foreclosure Commenced                                        1

CONDO/TOWNHOUSE

On The Market                                                    42

Bank Owned                                                         2

Short Sale                                                           11

Pending                                                                3

Contingent                                                            7

Sold                                                                    12

Foreclosure Commenced                                        1

Sun City Summerlin is one of two active adult communities with in Summerlin.  I am now doing the active adult communities separately.  So from this day forward Summerlin, Sun City Summerlin and the second adult community Siena will have their own statistics.