Southern Highlands Market Update

Southern Highlands Market UpdateSouthern Highlands is a region of Las Vegas, which is known for its golf courses, which are some of the finest in the nation. Homes in this area tend to be larger than the rest of Las Vegas and the average price range is over $100,000 higher than Las Vegas’s average house price. Southern Highland homes are usually just a short walk away from one of the pristine golf courses located in the area.

If you are interested in Southern Highlands homes for sale or if you are interested in selling your home in South West Las Vegas, contact Tom Wirt at 702-439-2744.

89% of homes for sale in Southern Highlands are traditional sales, which is a very high percentage in Las Vegas. This indicates that the real estate market in this area is stable and that those purchasing Southern Highlands homes for sale have steady jobs and income. 3.5% of Southern Highland homes for sale are REO or bank owned homes. 7.5% of homes for sale in Southern Highlands are short sales. The average price range for homes for sale in Southern Highlands is $305,000.

At the time of publication, there are 106 contingent or pending sales of homes for sale in Southern Highlands. 65 of those homes are traditional sales, which is 61%. 2 of the pending homes for sale are bank owned and 39 are short sales. Short sales often have longer escrows because they have more interested parties included in the sale of the home.

Currently, there have been 95 homes in the Southern Highlands community sold this year. Of those homes, 87 were traditional home sales, 3 of the homes which were sold were foreclosures, and 5 were short sales. This indicates the Southwestern Las Vegas real estate market is balanced and is showing a constant pattern for high percentages of traditional listings and sales.

Southern Highlands along with other communities located in Southwestern Las Vegas are primarily developed by Olympia Companies. With the involvement of Olympia Companies, Southwestern Las Vegas has come to contain many luxury residential neighborhoods. These communities have highly rated homeowner associations, which take pride in the area and ensure that the common grounds are maintained according to the highest standards.

Tom Wirt has been working in the Las Vegas Real Estate market for nearly a decade. In the beginning of his Real Estate career, Tom started off working with major lenders on the financial side. He went on to work for a small mortgage broker. His extensive experience in all aspects of the industry allows him to assist others in making their experience as flawless and easy as possible.

Tom has gained experience in all areas of the residential real estate market. He’s worked with buyers, sellers, investors, and lenders. Tom Wirt goes above and beyond to be there for clients before they even realize they need him. Tom’s wealth of knowledge and experience make him the best match for your Las Vegas real estate needs.

Contact Tom Wirt at 702-439-2744 if you are interested in Southern Highlands homes for sale or if you are interested in selling your home in Southwest Las Vegas.

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