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>>DALE: Good afternoon, this is Dale Snyder with The Snyder Group at Keller Williams Realty,
Las Vegas. I want to thank you for your time. I'm very excited about sharing today's information
about Red Rock Country Club in the sales activity for 2011 and where we stand in the first 3
weeks of 2012.
As many of you know, Red Rock Country Club has about 1,200 homes. It's a very desired
section of the Summerlin area and most of the homes are either Sunrise Colony, Toll
Brother, or custom properties. So what we've got here is, for Red Rock Country Club, 2011
statistics.
There are approximately 1,120 homes in Red Rock Country Club. We saw a hundred and fourteen
sales in the tax record and 86 through the MLS. So through the MLS about 8% of the inventory
actually sold. 8% of the homes for sale in the community sold. Of that 21 were short
sales, 19 were bank-owned, 46 were normal sales.
You know, keep in mind, that the normal sales include investor flips. So I think the number's
probably about half that. So there's probably more like 23 or so that were actually normal
sales. The buyers are getting about a 5% reduction off the list price for 2011. And the average
sales price per square foot for Red Rock Country Club was $188 per foot.
You know, obviously that's going to very drastically hang on if you're in the Red Arrow, you know,
one of the custom homes, or you know like on East Gate, on a property that's backing
up to the $215.
For the statistics year-to-date for 2012, 4 homes have sold in Red Rock, 22 are in ESCROW,
with an average price per foot of a $180, and 45 are currently for sale, the $214 per
square foot asking price.
If you look at the ESCROW price per foot versus the sales price last year this will lead you
to believe that we're seeing the prices still decline but without further looking at what's
in contract versus what's sold. You know, we can't come to that conclusion.
If you have any questions about Red Rock Country Club, feel free to give me a call. You can
find me on our website, as well. We do specialize in the Red Rock Country Club area and we look
forward to having an educated conversation with you, if you desire.
Have a fantastic day.