As for Summerlin - the orginal portion that is in the City of Las Vegas has fared better overall than the portion developed in the County, however, we are talking about pretty large areas of development with a wide range of product types so, again, you have to analyze the data based upon your specific requirements.
And a word of caution if you don't understand this already - real estate is usually illiquid and carries high transaction costs so a 'few' meaning 3-4 years may not net you anything versus 'several' meaning 5-8 usually results in a higher return - assuming that there is any long-term appreciation in this market.
I won't call you crazy because I love living in Las Vegas (Henderson to be precise)! There are communities both in Henderson (southeastern portion of the Las Vegas valley) and Summerlin (northwestern portion of the Las Vegas valley) that have homes with views. Both of these areas are highly desirable and very competitive. Our market is very tight right now and the prices are definitely rising as they are in most of the U.S. Many homes (especially in these areas) are getting multiple offers are selling for over list prices. There is no way to judge where the market will be in 18 months but if you would like me to keep you informed of our market from time to time just let me know as Iâ€™d be happy to do so.
Susan Frush-Feller, SFR, CDPE
1021 Seven Hills Drive
Henderson, NV 89052
Phone: (702) 321-0131
Are you relocating for a particular reason that would predicate one area over the other? Be glad to send you more information, just email me at email@example.com so you can compare yourself.