REAL ESTATE BRIEFS

Housing prices increase in May

The Greater Las Vegas Association of Realtors reported local home prices heated up in May as the housing supply remained tight.

GLVAR reported the median price of existing single-family homes sold in Southern Nevada during May through its Multiple Listing Service increased to $229,250. That was up 8.5 percent from $211,250 one year ago.

GLVAR said the median price of local condominiums and townhomes, including high-rise condos, sold in May was $118,000. That was up 5.4 percent from $112,000 one year ago.

According to GLVAR, the total number of existing local homes, condominiums and townhomes sold in May was 3,349, down slightly from 3,363 total sales in May 2015. Compared to the same month one year ago, 1.6 percent fewer homes, but 4.9 percent more condos and townhomes sold in May.

The total number of single-family homes listed for sale on GLVAR’s MLS in May was 14,220, up 4.8 percent from one year ago. GLVAR tracked a total of 3,676 condos, high-rise condos and townhomes listed for sale on its MLS in May, up 5.9 percent from one year ago.

GLVAR distributes such statistics each month based on data collected through its MLS, which does not necessarily account for newly constructed homes sold by local builders or homes for sale by owners.

Downtown Summerlin announces Summer Series

Downtown Summerlin, the 106-acre premier fashion, dining and entertainment destination located in the heart of Summerlin has announced the return of its Summer Screen Series presented by Summerlin Hospital. This family-friendly movie series, now in its second year, kicked off this month. Movies are shown on Park Centre Drive near H&M. Summer Screen Series runs every Thursday evening through Aug. 25.

Some of the blockbusters that will be shown this year include “Cinderella,” “Finding Nemo,” “Inside Out” and “Star Wars: The Force Awakens.” The viewings are free, open to the general public and patrons may bring their own blankets or lawn chairs.

Downtown Summerlin will launch a special VIP section with viewing chairs.

These will be available for guests who spend a minimum of $20 at the center the day of the movie. Guests will be required to show their receipts to concierge upon arrival to section.

VIP seats are available on a first-come, first-serve basis.

Downtown Summerlin restaurants are offering access to select quick-service options that will offer beverages and snacks during the films, so no one ever has to leave their seat.

For a complete list of movies along with information on VIP seating, terms and conditions and prizes, visit www.downtownsummerlin.com or call 702-832-1055.