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Las Vegas Real Estate Blog

Your Las Vegas real estate information source. The latest news, new construction, scandals, additions to the strip and other Las Vegas and related information.

Monday, May 02, 2011

Summerlin Real Estate Update

As you may (or may not) have heard, Engle Homes went belly up some time ago. They left several communities around the Las Vegas valley partially finished. While it was certainly bad news for original home buyers then, it was good news for others. Harmony Homes stepped in and bought some of their partially finished communities and are in the process of completing these communities.

New Summerlin Homes

New home buyers now have some choices. New Summerlin homes were becoming scarce over the last year due to the real estate crash. Home builders either went bankrupt or they stopped construction. Recently that has changed as Harmony Homes is offering new homes in Ladera Terrace, located in the Mesa village of Summerlin. Prices start in the mid 200's and are Energy Star certified. Also in the Mesa Pulte Homes and Richmond American are collaborating on another new neighborhood, Amado. New Amado homes are available in four different collections with prices starting the low 200's. Both communities offer their own resident only amenities as well.

Summerlin Luxury Homes

With prices finally stabilizing, it is not only investors that are looking for a bargain. The luxury real estate market has been hard hit, with prices dropping to levels not seen in the valley since the 90's. Luxury Summerlin real estate is available for a fraction of its original price. Summerlin has several luxury neighorhoods to choose from. For golf afficiandos, Tournament Hills homes are right on the TPC Summerlin golf course. There is also a similar community of homes, Eagle Hills. Eagle Hills real estate is also comprised of custom built homes in the Hills South village. The Ridges village offers nothing but luxury homes and one community of luxury townhomes by Toll Brothers. Fairway Hills townhomes are the only luxury town home community in Summerlin currently.

Prices are starting to creep back up slowly in the nicer areas of the valley. Thanks for stopping our Las Vegas real estate blog.



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