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Real Estate Market in Southern Highlands

Average Sale Price Per Square Foot ($)280
Average Days On Market93
Months Supply Of Homes10.9
Absorption Rate For Homes (%)9.2

Reflective of our current real estate renaissance, distressed inventory of lots in Southern Highlands has been mostly absorbed into the marketplace. There are currently no short or bank homesites for sale, save for a couple of pieces under contract. That said, land values have not completely returned, and deals continue to abound. Two homesites in Southern Highlands embodying the current marketplace are the two remaining homesites on Castle Oaks Street. Offered for the first time ever is arguably the most exclusive lot in Southern Highlands, at 38 Olympia Hills Circle. Where else in Las Vegas can you purchase over an acre of guard-gated land commanding Las Vegas Strip views for only $1.5M?