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  • Centennial Hills Las Vegas Real Estate Market Update


    Centennial Hills Las Vegas Real Estate Market Update

    Skye Canyon Master Planned Community, doing off sites and on-sites, it’s the largest master planned community in all of Las Vegas with 9000 new homes on 17,000 acres.

    The flood project is winding down, we want you to drive home, not float home. Farm is almost complete near Gillcrease Orchard. We expect it to wrap up by year end, or the first of the year.

    I sat on appraisal institute panel for residential homes with interesting information, and discussion about development of land prices. New construction is going crazy. Developers are concerned as land prices are expensive and think prices could not hold up with land prices at $400k an acre. If it doesn’t pencil in many areas of town, we may see less new construction; there is consideration of BLM and options at the airport. There is a possibility of prices for new construction to increase or construction to decrease in the Centennial Hills area.

    Centennial Hills Real Estate Inventory

    • Single Family Residence active available for sale: 358
    • Single Family Residence  pending/contingent 196,  (That’s a lot with only 358 available) It has been really active this month and we have seen an increase in activity in Centennial Hills over last month.
    • Single Family Residence that sold last month:110
    • Condo/Townhomes active and available for sale: 75
    • Condo/Townhouse Sold: 30
    • Condo/Townhomes currently under contract: 20

    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. The Radcliffe Group at Keller Williams Realty Southwest Las Vegas 702-379-3401

    Dave Radcliffe, The Radcliffe Group
    Keller Williams Realty Southwest

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