REAL SUMMERLIN » Real Estate Market

Summerlin Market Update July 2010

Chris Shouse — Thu, 05 Aug 2010 23:21:00 +0000

SINGLE FAMILY RESIDENCE

On The Market 558

Bank Owned 77

Short Sale 196

Pending 57

Contingent 472

Foreclosure Commenced 32

Sold 133

CONDO/TOWNHOUSE

On The Market 82

Bank Owned 16

Short Sale 2

Pending 9

Contingent 73

Foreclosure Commenced 6

Sold 27

The comparison with the end of the first time homebuyers credit is not really a good refection, the last post was three months. There are less Contingent and Pending but the time frame for the tax credit to close has been extended, some of those numbers could be left over’s from the past three months.

Siena (Summerlin) UPDATE FEB 28TH-MAY 31ST 2010

Chris Shouse — Tue, 06 Jul 2010 16:01:02 +0000

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.

SUN CITY SUMMERLIN FEB.28TH-MAY 31ST 2010

Chris Shouse — Tue, 06 Jul 2010 15:48:08 +0000

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.

SUMMERLIN MARKET UPDATE FEB.28TH-MAY 31ST 2010

Chris Shouse — Tue, 06 Jul 2010 15:27:19 +0000

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.

Summerlin Market Update Feb.01 2010-Feb.15 2010

Chris Shouse — Tue, 16 Feb 2010 13:45:53 +0000

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.

Summerlin Market Update Oct 25th-Nov 21st 2009

Chris Shouse — Sun, 22 Nov 2009 07:08:19 +0000

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.

Sun City Summerlin Market Update Oct.25th-Nov21st 2009

Chris Shouse — Sun, 22 Nov 2009 06:35:13 +0000

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

Siena Market Update Oct.25th-Nov21 2009

Chris Shouse — Sun, 22 Nov 2009 03:51:51 +0000

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.

Sun City Summerlin Market Update Sep26th-Oct24th 2009

Chris Shouse — Sun, 25 Oct 2009 13:53:11 +0000

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.

Summerlin Market Update Sep26th-Oct24th 2009

Chris Shouse — Sun, 25 Oct 2009 13:48:09 +0000

SINGLE FAMILY RESIDENCE

On The Market 549

Bank Owned 53

Short Sale 179

Pending 75

Contingent 435

Sold 170

Foreclosure Commenced 20

CONDO/TOWNHOUSE

On The Market 71

Bank Owned 13

Short Sale 24

Pending 17

Contingent 87

Sold 19

Foreclosure Commenced 5

5Wow look at the properties that went under contract or Contingent since Sept. 18th! 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.