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Summerlin Market Update Sep26th-Oct24th 2009

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.

Siena (Summerlin) Market Update Sep 27th-Oct 24th 2009

SINGLE FAMILY RESIDENCE

 

On The Market                                                    40

Bank Owned                                                         1  

Short Sale                                                            4

Pending                                                               4 

Contingent                                                          15 

Sold                                                                   12

Foreclosure Commenced                                        0

                                       

 

CONDO/TOWNHOUSE

On The Market                                                      4

Bank Owned                                                          1

Short Sale                                                             0

Pending                                                                0   

Contingent                                                            6

Sold                                                                     2

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. 

Siena Adult Community Summerlin Update Sept. 19- Sept. 26 2009

SINGLE FAMILY RESIDENCE

On The Market                                                    68

Bank Owned                                                         3

Short Sale                                                           16

Pending                                                                5

Contingent                                                           21

Sold                                                                      1

Foreclosure Commenced                                         1

CONDO/TOWNHOUSE

On The Market                                                     10

Bank Owned                                                          1

Short Sale                                                             5

Pending                                                                0

Contingent                                                            0

Sold                                                                     0

Foreclosure Commenced                                        1

Siena is the second Active Adult Community in 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. Siena is a beautiful community and I will do a post on it very soon.

Sun City Summerlin Market Update Sept.19-Sept.26 2009

SINGLE FAMILY RESIDENCE

On The Market                                                 120

Bank Owned                                                        8

Short Sale                                                          14

Pending                                                               6

Contingent                                                         16

Sold                                                                    2

Foreclosure Commenced                                       1

CONDO/TOWNHOUSE

On The Market                                                    59

Bank Owned                                                         3

Short Sale                                                           13

Pending                                                                7

Contingent                                                          10

Sold                                                                     3

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.

What I Did Different With The Blog?

I have taken the two Active Adult Communities in Summerlin and am doing them separate so you will see Sun City Summerlin and Siena statistics on their own.

Summerlin Market Update Sept. 19th –Sept. 26 2009

SINGLE FAMILY RESIDENCE

On The Market                                               1073

Bank Owned                                                    150

Short Sale                                                       522

Pending                                                             96

Contingent                                                       442

Sold                                                                   28

Foreclosure Commenced                                      59

CONDO/TOWNHOUSE

On The Market                                                   179

Bank Owned                                                        39

Short Sale                                                            89

Pending                                                               18

Contingent                                                           63

Sold                                                                      6

Foreclosure Commenced                                        10

Wow 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.

Justin Timberlake Charity Golf Summerlin

TPC Summerlin 001 TPC Summerlin 003 TPC Summerlin 004

Shriners

Oct 12th-18th 2009

 

TPC Summerlin is a beautiful golf course. It is an award winning Bobby Weed-designed championship golf course and is located in the master-planned community of Summerlin. On Oct. 12th it becomes the home to Justin Timberlake Charity Golf for Shriners Children Hospital.  I think almost everyone has heard of Shiners and the good works they do for children.  It is exciting that such a good cause is coming to Summerlin. 

Here is an article that gives details on how you can participate in this wonderful event and more about Shriners.

 

LAS VEGAS – Grammy® and Emmy® Award-winning international superstar Justin Timberlake is set to bring his Justin Timberlake and Friends, a Special Evening Benefiting Shriners Hospitals for Children event to the stage at the Mandalay Bay Events Center Saturday, October 17, 2009 at 8 p.m.
The concert is scheduled to feature performances by singer/songwriter and producer Timberlake, 12-time Grammy Award-winner R&B and Pop sensation Alicia Keys, Country and Pop superstar Taylor Swift, R&B star Ciara, and 5-time Grammy Award-winning R&B-Pop group, TLC. Additional performers may be added in the near future.
Tickets priced at $250, $200, $150 and $100, not including applicable service charges, go on sale Saturday, August 29 at 10 a.m., and will be available at all Ticketmaster locations (select Smith’s Food and Drug Centers and Ritmo Latino). Ticket sales are limited to eight (8) per person. To charge by phone with a major credit card, call Mandalay Bay at (877) 632-7400 or Ticketmaster at (800) 745-3000. Tickets also will be available for purchase at www.mandalaybay.com or www.ticketmaster.com.
About Shriners Hospitals for Children
Shriners Hospitals for Children is a one-of-a-kind international health care system dedicated to improving the lives of children by providing specialty pediatric care, innovative research and outstanding teaching programs.Children up to the age of 18 with orthopedics conditions, burns, spinal cord injuries and cleft lip and palate are eligible for admission and receive all care in a family-centered environment at no financial obligation to patients or families. For more information, visit www.shrinershospitals.org.

About The 2009 Justin Timberlake Shriners Hospitals for Children Open

The 2009 Justin Timberlake Shriners Hospitals for Children Open is the ongoing commitment between Timberlake and Shriners Hospitals for Children to continue the tradition of a PGA TOUR event in Las Vegas. The collaboration between Shriners Hospitals for Children and Timberlake to act as Title Sponsor and Host creates a truly unique and world-class event for players and fans alike. A host of well-known golfers will participate in the competition to help support the mission of Shriners Hospitals for Children. For more information and a complete schedule of tournament week events, visit www.jtshrinersopen.com.
For Justin Timberlake and Friends concert press credentials, contact Victor Trevino: victor@m2mconstruction.com

Summerlin Overpasses

 

 

 

                                                                        Overpasses Summerlin2 Overpasses5    

                                                                         Overpasses Summerlin 4Overpasses Summerlin 3

 

 

If you are driving along the 215 from Cheyenne to Tropicana or the other way around you will find these beautiful petro glyphs on the over passes. Another very good thing is the fact that there are no stop lights in Summerlin and the 215 as of about one month ago.  The last two entrance/exits opened up and while there is still some road construction as you can see from the photo’s above, ( I risked life and limb stopping to take pictures!) it is a pleasure to not stop for any traffic lights.  Below is a statement put out by Tom Warden ( The Howard Hughes Corporation VP of community and government relations.)  I had the pleasure of meeting Mr.Warden at a breakfast last year that was thrown for Summerlin bloggers.  A man very passionate about Summerlin

 

FOR SUMMERLIN LIFE

SUMMERLIN AND THE ENVIRONMENT

 

 

Anyone driving along the 215 beltway through Summerlin has probably noticed the American Indian rock art that adorns freeway overpasses.  According to Tom Warden, vice president of community and government relations for The Howard Hughes Corporation, the placement of rock art on Summerlin overpasses is no accident.

“We have long recognized the historical significance of preserving this special element of our local heritage,” said Warden.  “That’s why The Howard Hughes Corp. paid for the design and installation of these rock art images.  They not only give the beltway in Summerlin a distinctive look, they celebrate and help preserve Native American images from our region.”

The Howard Hughes Corporation is working with both federal and state governments, as well as tribal leaders and the archeology community, to develop a plan for protecting American Indian rock art etched into rock outcroppings in the Little Red Rocks area in the far western region of Summerlin.  The plan involves a volunteer stewardship program that will study and monitor five cultural sites preserved within more than 100 acres of buffer lands in western Summerlin. 

“In keeping with the company’s track record of environmental stewardship,” said Warden, “we are committed to the long-term protection and preservation of these cultural sites.”

In addition to preserving cultural sites, Warden, who is overseeing the effort for the company, is actively working with local archaeology groups and volunteers to scientifically record the specific nature, location and condition of existing rock art.

The Howard Hughes Corporation believes this collaborative effort between governments, groups, individuals and our company will help us all to meet the challenges of preserving this cultural heritage.

Summerlin Market Update July 18th-August 8th 2009

ZIP CODES 89134, 89135, 89138, 89144 and 89128

Single Family Residence

On The Market 719

Bank Owned 70

Short Sale 19

Pending 94

Contingent 454

Homes Sold 22

Foreclosure Commenced 22

Condo/Townhouses

On The Market 156

Banked Owned 29

Short Sales 39

Pending 18

Contingent 57

Homes Sold 21

Foreclosure Commenced 6

Summerlin Real Estate Update July 11th-July 17th 2009

ZIP CODES 89134, 89135, 89138, 89144 and 89128

Single Family Residence

On The Market 840

Bank Owned 93

Short Sale 236

Foreclosure Commenced 29

Pending 132

Contingent 401

Homes Sold 28

Condo/Townhouses

On The Market 235

Banked Owned 42

Short Sales 82

Foreclosure Commenced 7

Pending 43

Contingent 175

Homes Sold 16

What does it mean if a Foreclosure has commenced? The homeowners have gotten a least one notice of default. This is usually the case when a home is a Short Sale and the lender has nothing to look at without an offer on the property.  If you decide to put an offer in on a short sale, have your agent find out if notice of default has been issued.  Many times two different departments are handling the property in question.  If the department handling the foreclosure is not notified of an offer then the foreclosure could still proceed even though you are negotiating to purchase the property.  It is most important that both departments are on the same page.

What is the difference between Contingent and Pending?

When a property is put in Contingent status it means there is an offer on the property that has been accepted by both parties, but there are things that need to be cleared up before it can go into Pending status.  The things usually involve inspections or loan concerns and sometimes these do not go through.  There is a time limit for the contingencies to be removed.  The listing agent may take back up offers for the seller in case it does fall apart.
When a property is put into Pending status the Contingency has been removed and most of the time everything runs smoothly and the property closes on time.  Sometimes things have been known to go wrong but once at this status it only happens occasionally.

This update is for Summerlin Only!

Las Vegas Valley Statistics are here.

If you have a home to sell in Summerlin, please contact me so we may discuss what I can do for you.

If you want to buy a home in Summerlin I would be proud to help you. Contact 702-277-3195