The Ridges In Summerlin
In my commitment to continuing to monitor the primary luxury communities in Henderson and Nevada as the market corrects, I again bring you an inventory update. For the first time since the first week of August, it’s time to look at all active single family homes for sale in The Ridges. After pulling the latest data on the Multiple Listing Service, there are 33 active resale listing on the market. Out of the 33 listings, asking prices ranged from $1,764,950 to $11,999,000.
Comparing To Past Months
I’ve been keeping close track of inventory numbers across the Las Vegas Valley since the market began to shift back in May 2022. With that said, I have logged the history of many communities’ overall inventory numbers ever since. This gives us a unique insight into if a neighborhood or certain area is holding study or getting flooded with new listings.
As opposed to the 33 current listings in The Ridges, there were 44 in August 2022. At that time, the 44 listings ranged in price from $1,150,000 to $12,000,000. However, while that sounds good, there were only 27 in June and only 12 back in February! Basically, inventory has tripled in the back half of 2022.
With That Said
The power is in the buyers’ hands. Yes, we can see that The Ridges’ resale listing inventory has actually gone down lately but that doesn’t change the fact it has tripled in a little over 6 months. If you want to learn about The Ridges or other guard-gated communities in and around the Summerlin area such as The Summit Club, feel free to let me know! As a broker/salesperson of many decades, it is my passion to help real estate consumers understand how to win in this market.
Thank you for taking the time to stop by my website. I look forward to hearing from you in the future.