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Just recently, the prices of certain houses, some in the Summerlin area, have seen an increase in pricing. This is strange because the Las Vegas Real Estate market is one of the worst in the nation, with the most foreclosed homes in the entire country. Price values for homes have plummeted while the cost to keep the home remains the same. The price value increases in the Summerlin homes can be due to the fact that Summerlin homes are more highly desired because of the location, type of community and simply, the beauty of the area. Summerlin is a place that is like no other and the city of Las Vegas has greatly benefitted from its incredible community.

One of the tell-tale signs that there is an economic recession is the boarded up businesses and you can find these unfortunate store fronts all over the Las Vegas valley. The Summerlin NV real estate market is still down, but it does not seem to be sinking even further downward. If you pay close attention to the businesses around town you will notice that some businesses have reopened, but not in the same location. Although the majority of certain businesses have remained closed, over 70% of the brand new Village Square shopping center is completely vacant, other small businesses are undergoing a resurrection. These small businesses are moving their locations to places where the leasing and rent are cheaper. In addition, the Summerlin area has recently celebrated the opening of the LINQ360 Innovation Center, a business center that focuses on the development of new software, technology and other services for the hotel-casino industry. These headways will help to strengthen Summerlin in the future.

This progress in the Summerlin area will more than likely help the Summerlin NV Real Estate market. There are new and important businesses in the area that can offer employment opportunities to their residents. These employment opportunities are also very important because they will help to create a new Las Vegas - a Las Vegas that is not associated strictly with gambling and alcohol. The Summerlin area has helped to change the face of Las Vegas by revealing a more community-based side to the metropolis. The resurrection of small business and the reinvention of the commercial and business sector of Summerlin adds hope that one day the city will see a new type of growth that is not dependent solely on tourism and the Las Vegas Strip.