November 2014 Real Estate Update
Centennial Hills Las Vegas Real Estate Market Update: It’s the end of year, and that means builder close outs, huge savings, call for details and let us help find you a real deal, we are here to help! Motivated sellers and deals are available, let’s unwrap this awesome real estate gift.
With 293 active homes for sale in Centennial Hills, 157 homes listed under contract/ contingent & pending, 71 properties closed last month, we see a slight slowing in the area, and that’s generally expected this time of year.
We are watching new construction starts, as land purchase prices are approximately at $400,000 an acre, this will impact Centennial Hills area. Builders won’t be able to pass the same cost off to buyers as they can in Summerlin and Green Valley. We feel the construction starts will slow for this reason in the area. The Skye Canyon community is moving along with lots of offsite builds and will continue well into 2015. Build projects with land already purchased will continue to do well with build outs. If the land is already purchased, the builders won’t get hit with the rising prices, but they still may pass on the costs to the purchaser.
Centennial Hills residents will be happy to know the flood control project is very close to finishing, expected completion is January 2015.
Thank you so much for watching. If you need more information go to my website or give me call. As always, we always love to talk to you about all of your Las Vegas, Centennial Hills, Summerlin, and North Las Vegas real estate needs. Happy Holidays from the Radcliffe Group at Keller Williams Realty Southwest Las Vegas 702-379-3401 www.DaveRadcliffeVegas.com
89166, 89149, 89131, 89130