Summerlin home sales set standard

Home sales in Summerlin have increased for the fifth consecutive month, according to the Greater Las Vegas Association of Realtors, with more than 250 new and existing homes sold in Summerlin in May.

The price of homes in Summerlin exceeded the median price of all single-family homes sold in the Las Vegas area by more than $60,000.

According to Kevin Orrock, top division executive for The Howard Hughes Corp., developer of Summerlin, buyers are willing to pay more to live in this master-planned community.

"Summerlin is a nationally-renowned community with an established and unparalleled list of social, recreational, cultural and educational amenities," Orrock said. "The lifestyle offerings, combined with the diversity of home product, location and investment appreciation potential, make Summerlin the preferred community in Las Vegas."

As many as 100 floor plans are selling in four Summerlin villages -- The Ridges, The Vistas, The Mesa and Summerlin Centre. Each village features an individual architectural style. Homes range from 937 to 6,000 square feet and are priced from mid-$200,000s to more than $2 million. Floor plans include townhomes, one-, two- and three-story homes, and urban-style lofts. A complete listing of all actively selling new homes can be viewed on summerlin.com.

Developed by The Howard Hughes Corp., an affiliate of General Growth Properties Inc., Summerlin is located at the western rim of the Las Vegas Valley within 22,500 acres w. As many as 9,000 acres still remain for future growth, including the community's urban core of Summerlin Centre.

Custom home sites in The Ridges are priced from the $500,000s. Luxury apartment homes offer monthly rents starting from the $900s. For more information, visit summerlin.com or call 888-898-5015.