Summerlin, NV Market Update for July 2007

Here are the latest real estate market statistics for Summerlin, NV area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 44.5%*

Average	June 2007	July 2007	% Change
Asking Price	$324,935	$394,785	21.5%
Sales Price	$480,258	$375,819	-21.7%
% of Asking Price	148%	95%	-35.8%
$/SQFT	$278	$204	-26.6%
Days on Market	76	77	1.3%
Total Transactions	277	266	-4.0%

Search for homes in Summerlin, NV and read a neighborhood overview of the Summerlin, NV area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 8/7/2007: 3,474 properties on the market with 1,547 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.