New Home Construction in Summerlin- Market Update

702-379-3401 www.DaveRadcliffeVegas.com 

More Homes to be built in Summerlin 

Toll Brothers is planning to continue their development of luxurious, active lifestyle communities with a new opening planned for 2016 that will include tennis courts and outdoor and indoor pools with at least 425 single-family homes. 

Wet’n’Wild will be getting new neighbors: 

 The Summerlin Aquatics Center is planned for 2015, it will be near Wet’n’Wild, located at 7055 S. Fort Apache Road. The Howard Hughes Corporation has great news to share! 450 acres will be developed. Tom Warden, the senior vice president of Summerlin for Hughes, said The Cliffs, the southernmost village in Summerlin behind Wet’n’Wild that runs up to the ridge line, is being developed. And there will be a new “Age Qualified” community to be opened in 2016, it will be the first of its type in 10 years. 

BLM 

 The Bureau of Land Management sold various parcels in December, this was great news for home builders in the Summerlin area. “America West purchased land at Ford Avenue and Torrey Pines Drive; Montessouri Street and Shelbourne Avenue; Edmond Street and Gary Avenue; Edmond Street and Richmar Avenue; and along Lindell Road. DR Horton bought land at La Cienega Street and Starr Avenue; and Gilespie Street and Neal Avenue. Pardee bought land at Valadez Street and Camero Avenue. The Lewis Group of Cos. purchased parcels at Serene Avenue and Hualapai Way; Tee Pee Lane and Serene Avenue; and Grand Canyon Drive and Meranto Avenue.” 

Custom Million-Dollar Homes and 555 Acres of Development 

 Mid- 2014, The Discovery Land Co. joint venture will build a community just south of The Ridges and west of the Siena age-restricted community with sales commencing by year’s end. There will be 555 Acres developed with a plan to include a private “Tom Fazio-designed, 18-hole golf course with a clubhouse, a fitness facility and a spa”. It is expected that more than 200 of the sites are planned for custom million-dollar homes. 

High-End Luxury Rentals 

By year’s end we are expecting residents to move into The Constellation, a high-end rental community that sits on 4.5-acres at Griffith Peak and Town Center drives. The 124-unit, gated luxury rental residence complex is a joint venture of Hughes and The Calida Group. Additionally a three-story, 170,000-square-foot project with one- and two-bedroom homes ranging from roughly 1,000 to 2,040 square feet also is underway. “Resident amenities are set to include: a state-of-the-art fitness center; a spa with tanning services, an on-call masseuse and aesthetician; and a resort-style pool area with cabanas. Third-floor homes include 20-foot ceilings along with a private walk-up to a mezzanine level and a fourth-story rooftop deck. Some residences will have attached garages.” 

The Paseos-New Ideas in Residential Development 

“The Paseos, the village west of The Vistas, is ready to sell homes with active-lifestyle elements, multi-generational floor plans that include rooftop decks and patio doors that slide into walls like pocket doors to open up the living area to the outdoors. Since 2013, Hughes has been installing infrastructure north of Alta Drive, and now new neighborhoods are opening, including Delano by Lennar Homes, Savona by Toll Brothers and Estrella by Pulte Homes.” The Radcliffe Group believes in keeping you up to date with the latest real estate statistics and we are your local resource for Las Vegas home sales, North Las Vegas property values, and Summerlin, Centennial Hills Home Values. Let us know how we can be of service for all of your home ownership needs. 

Search the entire MLS for available homes and make Las Vegas, North Las Vegas, Summerlin, or Centennial Hills, your home today. Below are statistics for the Summerlin area as of February 2015. 

Summerlin Home Sales 

Currently Active: Single Family Residence 349; Condo/Townhomes 65 

Pending Homes/ Under Contract: Single Family Residence 158, Condo/Townhomes 24 (Brisk market) 

Single Family Residence sales last 30 days: 91; 1,365 homes sold last year in Summerlin with additional sales of Condo/Townhomes totaling 26 last month; 261 last year. (Selling approximately 110 per month.)

Specializing in helping Las Vegas and North Las Vegas homeowners sell their home for the highest market value, Dave and his team will help you yield your highest profit. Call 702-379-3401 when it is time to sell your Las Vegas, Summerlin, Centennial Hills or North Las Vegas Home. 

 

 

Dave Radcliffe

The Radcliffe Group 

Keller Williams Realty Southwest 

702-379-3401 www.DaveRadcliffeVegas.com