Summerlin’s new village The Cliffs breaks ground June 10

Summerlin’s new village The Cliffs breaks ground June 10

Real Estate News: Summerlin’s new village The Cliffs breaks ground J...

Real Estate News: Summerlin’s new village The Cliffs breaks ground J...: Summerlin’s new village The Cliffs breaks ground June 10

Its a Seller's Market again!

How’s the Market?

The Market Action Index answers that question by measuring the current rate of sales versus the amount of inventory.  When the index is above 30 it implies it favors the Seller’s market condition; below 30 favors the buyer.  Ours is currently 39.

Home sales continue to outstrip supply and the Market Action Index a has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. 

New home builder’s report that there is relatively no standing inventory and sales at record highs.

The average days on market for resale homes is 107 and a healthy market is 90.  

To find out what your home is worth:  www.summerlinhomereport.com

15 Words To Make Your Home Stand Out

15 Words to Make Your Home Stand Out 

and Seem More Valuable


 

If one of the following words accurately describes your home, you might want to consider adding it to your listing description:

1. Luxurious

As mentioned above, lower-priced listings with the word "luxurious" sold for 8.2% more on average than expected.

"Luxurious" signals that a home's finishes and amenities are high-end. This is a huge selling point, particularly in this price range.

2. Captivating

Top-tier listings described as "captivating" sold for 6.5% more on average than expected. Unlike the word "nice," "captivating" provides a richer, more enticing description for buyers.

Plus, it's less open to interpretation. Anything can be seen as "nice," but "captivating" sets a high bar.

3. Impeccable

On average, listings in the bottom tier with the word "impeccable" sold for 5.9% more than expected. Like "captivating," "impeccable" is a rich adjective.

It also implies something about the quality of a home: The features are desirable and the home is move-in ready.

4. Stainless

"Stainless" is typically used to describe kitchens with "stainless steel appliances." It's in your favor to talk up these features in your listing - especially if your home is in the bottom price tier. In our analysis, lower-priced homes with the word "stainless" sold for 5% more on average than expected.

5. Basketball

On average, lower-priced homes with the word "basketball" sold for 4.5% more than expected. This may seem like an odd word to include in this list, but when you consider the context it makes sense. Among lower-priced homes, a basketball court - or even better, an indoor basketball court - is a huge selling point. While it may not stand out as much among higher-priced homes, it's definitely worth mentioning in this price range.

6. Landscaped

It's just as valuable to describe your yard as your house. In all price tiers, listings with the word "landscaped" sold for more than expected on average. The biggest premium was seen among lower-priced listings, which on average, sold for 4.2% more than expected.

7. Granite

In the same vein as "stainless," "granite" is typically used to describe countertops or another high-end home feature.  Listings with the word "granite", sold on average for 1% - 4% more than expected across all price tiers.

8. Pergola

Not only should you include high-end home features in your listing description, you should also mention features not found in every home. They'll help your listing stand out, especially if buyers are searching for homes online by keyword. The data shows mid-priced listings with the word "pergola" (slated wood patio cover) sold for 4% more on average than expected.

9. Remodel

Was your home recently remodeled? It may be worth mentioning. On average, bottom-tier listings with the word "remodel" sold for 2.9% more, middle-tier homes for 1.8% more and top-tier homes for 1.7% more than expected.

10. Beautiful

While beauty is in the eye of the beholder, a beautiful feature like a view may be worth noting. Lower-priced listings with the word "beautiful" sold for 2.3% more on average than expected.

11. Gentle

"Gentle" may seem like a weird adjective to have in a listing description. It's typically used to describe "gentle rolling hills" or something about a home's location. Top-tier listings with the word "gentle" sold for 2.3% more, on average, than expected.

12. Spotless

You may think all homes are spotless when a buyer moves in, so it's not worth mentioning in a listing. But when it comes to lower-priced homes, cleanliness isn't always a given. In this price range, listings described as "spotless" sold for 2% more on average than expected.

13. Tile

Much like "stainless" and "granite," "tile" is a great word when it comes to describing the features of your home. A newly tiled backsplash or updated bathroom tile not only indicates a home's aesthetic value but also sends a message to buyers that the home's been well cared for by the current owners. Bottom-tier homes with the word "tile" in the listing sold for 2% more on average than expected.

14. Upgraded

On average, lower-priced listings with the word "upgraded" sold for 1.8% more than expected. Most buyers will agree that upgrades are a selling point. They indicate a home not only looks nice but also functions well. Spelling out which features have been updated is a good approach, so buyers have the right expectations when they see your home.

15. Updated

"Updated" sends a similar message to "upgraded." But in addition to speaking to the quality of a home, it signals that something old has been replaced with something new. This is a great fact to communicate to potential buyers, as evidenced by the data. Mid-priced homes with "updated" in the listing sold for 0.8% more on average than expected.

Report from Zillow by Catherine Sherman, March 6, 2015.

Summerlin Easter Egg Hunt 2015

Egg Hunt

Saturday, March 28, 1:30 – 3:30 p.m.

Trails Park Baseball Fields

 

Summerlin residents are invited to The Trails Park Ball Fields on March 28 from 1:30 to 3:30 p.m. for the annual Summerlin Egg Hunt Eggstravaganza.  Egg Hunt will give your little ones an opportunity to scurry around The Trails Park in search of goodies, games and prizes that are sure to get things hopping for the entire family this spring.  In addition, there will be visits by some very special guests.  Everyone is sure to have an eggstra-special time. 

Egg Hunt passes may be purchased in advance for $5 each (checks only made payable to The Summerlin Council) starting March 16 at The Trails, Willows and Gardens Community Centers. Day-of passes are $8 each and may be purchased starting at 9 a.m. at The Trails Community Center.  Proof of residency is required.  For more information, please call 702-341-5500.

14th Annual - Tour de Summerlin Cycling Event

14TH ANNUAL
TOUR DE SUMMERLIN^®
SATURDAY, APRIL 18TH  |  DOWNTOWN SUMMERLIN^®

Hundreds of cyclists returning for the 14th annual Tour de Summerlin^® non-competitive cycling event will enjoy new and improved routes this year, all starting and finishing at Downtown Summerlin. In addition to the 40- and 60-mile routes, the 2015 event features an 80-mile ride through and around the master-planned community. This event benefits Candlelighters Childhood Cancer Foundation of Nevada and includes team Riders for Candlelighters Kids.

This year, Lululemon will warm up cyclists with a pre-ride stretch and lunch is provided by California Pizza Kitchen. Other sponsors include Nekter Juice Bar, and Vision by Amel, all offering special promotions for cyclists the day before and the day of the event.

Summerlin Half Marathon

5TH ANNUAL
SUMMERLIN^® HALF MARATHON
SUNDAY, APRIL 12TH  |  DOWNTOWN SUMMERLIN^®
The 5th annual Summerlin^® Half Marathon, in partnership with The Leukemia & Lymphoma Society, expects record breaking numbers at this year’s event with a new 13.1-mile course that begins and ends at Downtown Summerlin. Participants will race along the community’s nationally recognized trail system, through Summerlin’s picturesque parks and natural arroyos and along the beautifully landscaped streets. Also new this year, a Zumba warm-up with Lululemon and special menu offers and tastings the day before and on race day from race sponsors, including CRAVE, Lazy Dog, and Nekter Juice Bar.