Summerlin Las Vegas Real Estate and Market Update June 2015

Summerlin is Hot! And so is the Summerlin Las Vegas Real Estate Market Update for June 2015! There are 503 Available Properties / Homes currently for sale in Summerlin, Las Vegas. Of the 503 homes for sale in Summerlin, 246 are Under Contract and 143 Sold Last 30 Days. We are receiving multiple offers on many well priced home, as demand is high and supply is low; especially for homes priced under $400,000. It’s a great time to sell your Summerlin home. We can help you understand your home’s highest selling value and help you yield the highest profit & Top dollar when selling your Summerlin Las Vegas Home.

As Realtors we are seeing appraisal issues, and that indicates the values are moving upward and appraisers are not agreeing with the professionals that are selling the homes. As Realtors, our job is to help you yield the highest return possible when you sell your home. We are helping push values and request appraisal reconsiderations and help you get as much as we can when we represent you in your home sale.

It’s still a great time to enter the market as a first time home buyer or move up buyer because interest rates are low and you have more buying power for your buck, it’s like free money. There are many new home developments in the area, Richmond America has a new project underway near Gorman high school, and there are lots of new home developments and model homes in Summerlin such as Montecito Community in the Paseo Village, Custom Million Dollar Homes  just south of The Ridges and west of the Siena,  and others off Foxtail, with 8 new home tracks under development. Monte Bello at the Mesa by Richmond American Homes, have One & Two-story model homes from 2,980-4,210 square foot, with prices starting from the $500,000’s. Regency at The Cliffs by Toll Brothers is an Active Adult Community with One-story homes, varying in size from 1,600-2,400 square foot and more details can be found on or site here. Remember, you never pay a commission when you allow us to represent you in your new construction home purchase, and it is our job to protect your interests when we represent you. Walking into a builder model home unrepresented is like walking into a bar naked.

Downtown Summerlin is booming and has had a few new openings in the past month such as Blue Ribbon Fried Chicken, and Public School 702. A New Mexican restaurant, Pancho’s, is coming soon. Of course there is always Lazy Dog Restaurant and Bar and Andiron as well. One of our favorites is still Grape Street Café & Wine Bar.

Dave and his team are here to update you with all of the latest happenings and statistics for Summerlin and surrounding areas. Dave Radcliffe ranked number 1 in 2014 as the top producing individual out of 172 Realtor-Agents in his office. Dave has a team of top producing agents and ranks consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas because he is all about customer service and utilizing the best resources in the real estate business. The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection. 

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. Military, Fire and Law enforcement never pay a full commission when they work with the Radcliffe Group. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. 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. 

Check out and subscribe to our YouTube Channel and follow our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

Written by Nickel Lowman

For Dave Radcliffe, The Radcliffe Group

Keller Williams Realty Southwest

702-379-3401

www.DaveRadcliffeVegas.com

11608 Cameo Avenue, Las Vegas, NV 89138

(702)379-3401 www.DaveRadcliffeVegas.com

4 bedroom, 2.5 bathroom, 2778 sq ft home

Summerlin, Las Vegas Community 89138

11608 Cameo Avenue

This Single-Family Home located at 11608 Cameo Avenue, Las Vegas NV is currently for sale  This property is listed by David Radcliffe of Keller Williams Realty Southwest Las Vegas for $649,900. 

11608 Cameo Ave has 4 beds, 2 ½ baths, and approximately 2,778 square feet. The current price per square foot is $234. The property has a lot size of 0.27 acres. 11608 Cameo Ave is located in Summerlin in the 89138 ZIP code in Las Vegas, NV. You can view a map of the area here.

View all Summerlin homes for sale: www.DaveRadcliffeVegas.com
Take a look at our Summerlin Video Series and Real Estate market updates

2nd Quarter 2015 Las Vegas Economy and Real Estate Crystal Ball Report

Each quarter David Radcliffe publishes an economic update covering the greater Las Vegas area and real estate market. Tune into his YouTube channel for the latest updates and forecast outlook updates. Check out his latest update now:

Economy

Gas prices had reduced to $2.00 per gallon and are back up to close to $2.80-$3.00; we thought the reduction may increase air travel, and it did not. The fracking has slowed up and places were closed, so prices have edged back up with economic conditions.

Land Prices

Land prices are constant at $400,000 an acre. The question is rather they will stay there? It is very likely Builders won’t pay more than $400k an acre, as it would be hard to absorb or pass on to home-buyers.

Las Vegas Foreclosures & Short Sales

We are seeing an uptick in Foreclosure properties, approximately 9% of the Las Vegas Real Estate market is Foreclosure properties. Short sales are decreasing, now under 8% of the current market conditions, this could be due to the Mortgage Debt Relief Act was not being extended. It looks like Short Sales are non-players in the market going forward. Learn more about current conditions and keep an eye on the Las Vegas Real Estate Market Here.

Super priority liens Nevada Supreme Court did not release the second part of the ruling; legislator is in session and will be bills will be discussed to address, rather if an HOA can wipe out and extinguish a deed of trust and foreclose on a property for non-payment of HOA assessments. The Supreme Court is clearly looking for a legislative solution. What is a Super Priority Lien, you ask? It’s a category of lien that, pursuant to state statute, is given a higher priority than all other types of liens. When it comes to HOA assessment liens, a super lien refers to that portion of a homeowners' association lien that is given higher priority than even the first-mortgage holder, placing the interest of the HOA in front of the first mortgage. Learn more about Super Priority Liens Here.

Real Estate Law Changes

Lending changes are expected August 1^st where the HUD1 and Truth in Lending Disclosure will be replaced by different forms that may cause longer escrow periods, up to 40 days, CFPB (Consumer Financial Protection Bureau) says it could take a ridiculous amount of time, like 92 days. We have some of the best escrow officers in the business on our team and will do everything to keep escrows short. There is a lot of education taking place in the real estate industry to get everyone up to speed. View our Law Meets Real Estate Educational Series by watching now.

Market Conditions & Real Estate Updates

Local demand is heavy especially in Summerlin; listings are flying out of the market with multiple offers on the table. There is a lot of growth in Summerlin, take a look at our Summerlin Video Series Here.

There are slight inventory increases and moderate increases in values. Some areas are having appraisal issues, is it due to the recent appraisal changes? When we see concerns we challenge them, sometimes they appraisal comes in and are just terrible reports, not reflective of the current market. Take a look at our Appraisal Video Series Here.

Interest Rates

Change in interest rates are, possible mid-summer. There is Free Money out there right now. The Fed no longer has “patience” as part of its guidance; Jobs report that came out shows that inflation may be ticking up, the outlook looks more like July or August at this point for an increase. We keep an eye on the mortgage market for you, and have great lenders we can refer you to by Clicking Here. Bottom line, it’s a great time to refinance, purchase, or sell as the opportunity time is now!

About the Team

The Radcliffe Group is your Las Vegas, Summerlin, Centennial Hills, and North Las Vegas real estate connection. Ranking consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas, Dave also ranked number 1 in 2014 as the top producing individual out of 172 Realtor- Agents in his office.

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. 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.

Thank you for tuning in, subscribe to our YouTube Channel and check out our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

Written by Nickel Lowman

For Dave Radcliffe, The Radcliffe Group

Keller Williams Realty Southwest

702-379-3401

www.DaveRadcliffeVegas.com

The Radcliffe Group Turns the Spotlight on Downtown Summerlin's Grape Street Cafe Wine Bar & Cellar

702-379-3401 www.DaveRadcliffeVegas.com

The Radcliffe Group Turns the Spotlight on Downtown Summerlin's Grape Street Cafe Wine Bar & Cellar 

 Downtown Summerlin is Las Vegas’ newest and hottest place to be. Since opening in October 2014, we have seen growth of the downtown scene with businesses opening, new local hangouts and seasonal activities and the opening of many favorite and new restaurants. The Radcliffe Group of Keller Williams Realty Las Vegas brings you updates on what is happening in our community. As “we call Summerlin home, we are excited to share about the opening of Grape Street Restaurant.”

Guests can enjoy over 80 wines by the glass and has a wall of wine by the bottle. Pair your vino with a meal that will tantalize your taste buds from Chef/Owner John McKibben and his staff. Grape Street Café, WineBar & Cellar offers a California bistro style cuisine with Italian and Mediterranean flares. The restaurant has been ranked “very good to excellent” by Zagat for its cuisine and was named a “Top 10 Las Vegas Wine Bar Restaurant” by Gayot.  Perfect for date night or your next business lunch, Grape Street is open 7 days a week for lunch and dinner and has a happening bar scene. Grape Street has 2 locations the original on Lake Mead & Buffalo and the Newest location at Downtown Summerlin: Check out Grape Street Restaurant Now:

Tune into The Radcliffe Group YouTube channel to learn more about what is happening in your Las Vegas and Summerlin Communities. We promise to keep you updated with the latest real estate market conditions, real estate statistics and happenings in the area.

The Radcliffe Group is your Las Vegas, Summerlin, CentennialHills, and North Las Vegas real estate connection. Ranking consistently as one of the top real estate teams at Keller Williams Realty Southwest Las Vegas, Dave also ranked number 1 in 2014 as the top producing individual out of 172 Realtor- Agents in his office. 

As a retired police officer, Dave is passionate about giving back to the service community and dedicates much of his time giving and supporting the Las Vegas Metro Police Department, Firefighters and Military at Nellis Air Force Base. The Radcliffe Group can assist you in your Las Vegas PCS or relocation, New Home Construction purchase, Condo and Luxury Home purchase. Specializing in helping Las Vegas and North Las Vegas homeowners sell theirhome 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. 

Thank you for tuning in, subscribe to our YouTube Channel and check out our Las Vegas Real Estate Blog at: www.DaveRadcliffeVegas.com

Written by Nickel Lowman
With content & Images from GrapeStreet

For Dave Radcliffe, The Radcliffe Group
Keller Williams Realty Southwest
702-379-3401
www.DaveRadcliffeVegas.com