Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles.
Siena (Sun Colony, not a true "Sun City" but appropriate age restricted community for this report) is located in the Summerlin Area of Las Vegas, NV (zip 89135). There are 2029 Homes in Siena ranging from 1034-3875 Square Feet. Community Amenities Include: Guard Gated, Gommunity Golf, Pool, Tennis, Gym, Clubhouse.
Siena Sun Colony Market Report:
- Listings (11/15/2009): 54
- Under Contract (11/15/2009): 22
- Sold October 2009: 10
- Absorption Rate: 5.4 Months of Inventory
Siena Sun Colony Summerlin is currently enjoying a seller's market. Since last month: Listings are UP +20, Pendings are DOWN -4, Units sold are DOWN -2
Renee Burrows carries the SRES (Senior Real Estate Specialist) Designation and has Probate and Estate experience. If you need a referral to a Probate or Estate lawyer, please contact me!
Seniors Real Estate Specialists® are REALTORS® qualified to address the needs of home buyers and sellers age 50+. The SRES® Council awards the SRES® Designation to those members who have successfully completed its education program.
By earning the SRES® designation, your REALTOR® has demonstrated necessary knowledge and expertise to counsel clients age 50-plus through major financial and lifestyle transitions involved in relocating, refinancing, or selling the family home. Your REALTOR® has received special training, gets regular updates, and is prepared to offer the options and information needed in making life changing decisions.
Renee - I would imagine since this is such a "specialty" type of real estate only available to those 55 or older that 5.4 months of inventory can't be bad. Am I right?
Nevin: You are absolutely right. These types of markets are a little more balanced and a little less susceptible to decline!
Renee
Looks like Siena has a good ratio between listings, pendings, and solds. What are the stats for each as far as short sales on the market? Do they make up alot of the listings?