Summerlin is a very nice master planned community with homes from the low 100k to the multi million dollar ones. The community has tree lined streets and well manicured common areas with several parks. This is appealing to alot of people and values had increased more there than anywhere else. Check out Summerlin.com for more info. There are several other areas that are nice as well but do not have the master plan so common streets are not tree lined and manicured and they have access to city parks within the area.
Sunrise manor has a mixed use of homes and varying times of construction from the 1970's to current day and varying degree of upkeep as well. Summerlin was pretty much from 1993 to current day . The values there did go higher than most of the valley and have fallen less than most.
I would be happy to help you in your search for a new home. I have recently helped two new home owners from the NY , New Jersey area in the last 30 days. I would be happy to provide reference info to show the care I use with my clients.
Have you been to Summerlin?
Because I don't think you would be asking that question if you had been there, it has been 'touted' as being the number one master planned community in America.
Here is a link to a you tube video that I did for Coldwell Banker for the Summerlin area.
Summerlin has held its values the strongest, but has still been hit hard like the rest of the valley in terms of equity and value.
I specialize in out of state buyers, and would be happy to assist you!
You seem to have quite a few answers so far from your question, and they all have good points. Summerlin is a higher end community, so is Green Valley. Another location of similiar interest is Southern Highlands. But all of these have higher HOA Fees and Master Plan fees. BUT they also have the SID / LID fees, which is usually not mentioned in initial discussions. Another similar interesting area is the Lake Las Vegas area.
If you are interested in purchasing property here in Las Vegas, please feel free to view my website at http://www.JAGNVREALTOR.com.
Also, I would also like to invite you to use our new home search website; it is called the Home Buyers Scouting Report. It is a free, no sales pressure website that condenses all the other RE websitesâ€™ information into one friendly place.
1. The Home Buyers Scouting Report Â® (HBSR) provides the available listings that match your personal search criteria from area real estate companies.
2. The Report includes pictures, prices, maps, directions and more via a private, password-protected website. It allows you to shop at your convenience, 24 hours a day!
3. Keep track of your favorite properties by saving them in your personal HBSR Notebook and receive notification if a change occurs.
4. Now you can receive a â€˜Quick Alertâ€™ when new properties become available! Just think of the valuable time you will save! Never miss a home thatâ€™s right for you!
5. You can obtain information about grocery stores, department stores, restaurants, banks, etc in the area surrounding your prospective property.
6. You can obtain information on schools (number of kids, number of teachers, principal's name, school contact info, school website info, test statistics, etc) in the area surrounding your prospective property.
Jason Allen Gardner
NV REALTOR Â® & Property Management Permit Holder
THINK GREEN. THINK EXIT.
Exit Realty Imoti
8260 West Charleston Blvd. Suite #1
Las Vegas, NV 89117
(Cell) 702-806-6968 (Fax) 702-966-3732
I would be happy to help if you need some assistance.
Direct: (702) 203-6688
eFax: (702) 317-3781
Prudential Americana Group ~ Las Vegas
~Green Valley Office~
"Ranked in the Top 5 Individual Agents at Las Vegas Prudential, the #1 real estate firm in Nevada!"
I will give an example, I have a client who owns a 1300 sq ft home in Summerlin. This home was purchased brand new from the builder in June 2000 for $145,713. I just pulled comps on this house and I estimate the true market value of the house today is $150k maximum. That is an increase of 2.9% in the last ten years.
Is the 1300 sq ft home in Summerlin worth more than a 1300 sq ft home in Sunrise Manor, absolutely. This all comes down to supply and demand. The Summerlin area is located in a master planned community and it has wonderful shopping, restaurants, walking paths, gyms, and has easy access for commuters because two freeways intersect the masterplan. People pay more to live in master planned communites because of the amenities, this is true is you compare a house in Sunrise Manor to a house in any of the other master planned areas (Aliante, Green Valley, Mountains Edge, Southern Highlands, etc...)
I think you need to come to town and drive through these areas and see what areas of town you like and which areas you do not like. Many people do not like the strict rules of the associations in the master planned communites and prefer to live somewhere without a homeowners association.
It all comes down to what is important to you and what areas of town are convenient, affordable and have the right feel to you.
Let me know if I can be of any help with your search; I am a Las Vegas resident since 1974 so I am quite famaliar with all areas in the valley.
Exit Realty Imoti
PS: What part of New Jersey are you from? I was born in NJ