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About the Summerlin, Nevada Area
In the mid 1950s Howard Robard Hughes, Jr. purchased 25,000 acres (10,000 ha) in Southern Nevada near Las Vegas. After Hughes died in 1976, Summa Corporation was organized to oversee Hughes’ vast business empire and land holdings, including the large parcel of Southern Nevada desert that is today known as Summerlin.
In 1988, Summa Corporation exchanged more than 5,000 acres (2,000 ha) of land adjoining Red Rock Canyon National Conservation Area for 3,000 acres (1,200 ha) of land located south of Summerlin. This landmark land exchange was facilitated by The Nature Conservancy and critically acclaimed by the environmental community.[citation needed] It created a buffer zone to protect Red Rock Canyon National Conservation Area from future development.[citation needed]
Summa Corporation began construction of Summerlin in 1990 but initiated planning and infrastructure construction – including Summerlin Parkway – in the late 1980s.[citation needed]
In 2002, The Howard Hughes Corporation enacted a second exchange with the Bureau of Land Management, giving more than 1,000 acres (400 ha) of environmentally sensitive land adjacent to Red Rock Canyon National Conservation Area for 900 acres (360 ha) more suitable for development south of Summerlin.
Summerlin is currently home to more than 100 neighborhood and village parks, more than 150 completed miles of the Summerlin Trail System, nine golf courses – including Nevada’s only two Tournament Players Club courses, a dozen houses of worship, shopping centers, medical and cultural facilities, business parks and 23 public and private schools.[citation needed]
The community is unfolding in villages and today, 19 of 30 total villages are complete or are under development.[citation needed]
Summerlin offers homes in a variety of styles and prices to create a true multi-generational community. As of January 2009, Summerlin has approximately 9,000 of its 25,000 acres yet to develop.[citation needed]
Summerlin is recognized as a standard-setting master-planned community and has a long list of national and local awards to its credit. These include the American Trails Developer Award, 2008; Best Master-Planned Community Award, Best of Nevada Real Estate Awards, 2007; New Community of the Year, Awards for Excellence, Urban Land Institute, 2002; National Landmark for Outstanding Landscape Architecture, American Society of Landscape Architects, 1999; and Best New Town Land Plan Award, Pacific Coast Builders Conference, 1993.[citat 

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Real Estate Tips
Pricing >The Asking Price

Picture this...

Your house has been on the market for four weeks. There have been a lot of showings but no offers, so you are wondering if you should consider a price reduction. You want to get as much as you can for your home, but more importantly you want it to sell!

This may be the time to have a frank discussion with your real estate agent. While price may be a major factor, it may not be the only consideration. Are you making your house easy for agents to show? Have you completed the necessary maintenance and cleaning so that your property is as appealing as possible? Review with your agent the current market conditions and the prices of other homes in your neighborhood before determining that a price reduction is in order.

Even though your price may be competitive, the marketplace may be telling you that buyers just won't pay what you would like to get. If all indicators point to a price reduction, it is better to do it sooner rather than later.

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Real Estate Trivia
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Over what famous building is aircraft forbidden to fly at any time?

A 
No aircraft is permitted to fly over the Taj Mahal in India.
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