Red Rock Country Club Listings $3+ Million – May 2022
As one of the premier guard-gated communities in Vegas, homes for sale at Red Rock Country Club offer incredible living. In today’s LUXE BLOG, to see what average Days On Market looks like, I’ll examine everything over $3 million. I like to do this as it shows how fast/slow inventory is moving (high-end typically takes longer). As of May 7th, 2022, per the MLS, there were 5 luxury homes priced $3+ million in RRCC. When crunching the stats of properties currently listed for sale ($3+ million) on the Multiple Listing Service:
- Listing prices ranged from $3,490,000 to $4,750,000
- Average current days on market: 51
- Average listing price: $3,907,800
- One home was listed over $4 million
- Square footages ranged from 4,391 to 8,724
- Average price per square foot: $696
As I said, the most important aspect of this update was to look at average DOM for the high-end Summerlin market. With that said, for inventory in this price range to be selling in an avg. of less than 2 month is interesting. Will things stay this way? Is a recession coming? Will rates continue to rise or will a recession help them DROP? Your guess as good as mine. What I CAN tell you is that I don’t hype nor predict markets, I help buyers and sellers become EDUCATED. And make wise decisions.
Are You Looking To Invest In The Summerlin Market?
With decades of experience selling luxury real estate, I’d be happy to help you better understand the Summerlin real estate market. From The Ridges and The Summit to Red Rock Country Club, I know what’s going on. Should you want my insight, feel free to reach out. Thank you for reading.
Also Read: One Queensridge Place Inventory Update – May 2022