Summerlin | Master Planned Communities in Las Vegas
Summerlin is a master planned community in the Northwest side of the Las Vegas Valley. This master plan was created by the Howard Hughes Corporation and building started in the 1990s and still continues today. The benefit to living in a master planned community is quick access to everything that you need. Schools are centrally located, and every neighborhood is not 5 minutes away from a local grocery store. Parks are also strategically located so that all residents have equal access to open spaces. There are currently 450 active Summerlin real estate listings. This includes townhouses, condos, and single family residents. The average home price has historically been slightly higher in Summerlin than the City of Las Vegas’s average home price. This is primarily because Summerlin is newer comparatively and has quick access to many luxuries.
Las Vegas is not only home to a booming hospitality and entertainment industry, but it is also home to many retirement communities. Many of these retirees come to Vegas because of the dry weather and low cost of living. Many active adult communities, 55+ communities, and retirement communities can be found in the Las Vegas Valley. Many of these communities are located inside a master planned community with golf courses and gated entries. Howard Hughes and many other builders purchased large plots of land and designed the entire community before building started. This allows many residents to live in a community where their every need is only a few minutes drive away.
Many real estate investors come to Las Vegas to invest in residential properties. This is due to the fact that Las Vegas is a very transient city and homes are cheaper that many areas of the United States. During the crash of the housing market, many investors were able to purchase bank owned homes and short sales at a very low price. Investors continue to purchase homes today as the housing market in Las Vegas is on the rising as well as job growth.
