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John Novak - Las Vegas and Henderson NV Real Estate

Breamoor Heights market report - 4th quarter, 2007

No homes were sold in Breamoor Heights, a gated neighborhood in the Summerlin master plan in Las Vegas, NV during the 4th quarter of 2007. Even so, 2007 activity was up 29%, with nine homes sold in 2007, compared to seven homes in 2006.

Just two homes are currently listed for sale, indicating a solid seller's market. Breamoor Heights consists of 120 one-story homes from 2,414 to over 3,100 square feet, built from 1998 to 2000. Lot sizes range from 8,961 square feet up to 1/4 acre and more, and homes generally sell from the low 500's to the high 600's.

For more information, or to buy or sell a home in Breamoor Heights, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
Breamoor Heights market report - 3rd quarter, 2007
Breamoor Heights market report - 2nd quarter, 2007
Breamoor Heights market report - 1st quarter, 2007

Las Vegas real estate - December, 2007 market statistics
Las Vegas real estate - November, 2007 market statistics
Las Vegas real estate - October, 2007 market statistics

Elkhorn Springs market report - 4th quarter, 2007

Home sales activity in Elkhorn Springs, a community in northwest Las Vegas, NV doubled in the 4th quarter of 2007. Fifteen homes closed, up eight from the 3rd quarter. For the year, a total of 45 homes were sold, down 44% from 80 in 2006.

Currently 53 homes are available (plus 6 with accepted offers), representing a nearly one-year supply which strongly favors buyers. Homes in Elkhorn Springs have easy access to the I-215 Beltway, as well as cycling, hiking, skiing and other recreational activities at Red Rock and Mount Charleston.

Here are the details of the fourth quarter sales:

Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date
7240 Red Cinder 3676 4/3 $759,000 $740,000 129 10/24/07
7412 Burrow Pine 2022 4/3 $314,900 $285,000 63 11/15/07
7957 Quail Mountain 2694 4/3 $279,500 $279,500 245 11/05/07
7845 Russling Leaf 2421 3/2 $279,900 $270,750 139 10/31/07
7540 Dusty Lake 2639 4/3 $275,000 $269,000 248 11/15/07
8204 Hollister 1674 3/3 $275,000 $269,000 4 10/25/07
7617 Gosport 1789 3/2 $253,900 $253,505 6 11/30/07
7512 Pinto Bluff 2022 4/3 $261,900 $249,510 148 10/30/07
8044 Revolver 1674 3/3 $259,000 $243,460 30 10/25/07
7420 Mountain Thicket 1702 3/2 $259,900 $242,500 40 11/01/07
8109 Rugged 1434 3/2 $250,000 $231,764 14 12/07/07
7313 Cogburn 1674 3/3 $249,900 $227,020 239 12/31/07
8341 Spruce Meadows 1809 3/2 $230,000 $220,000 188 12/17/07
7824 Thorne Pine 1366 4/2 $205,900 $184,300 23 12/03/07
8025 Exploration 1674 3/3 $190,000 $182,000 4 11/19/07

(GLVAR deems information reliable but not guaranteed. Properties listed and sold by various MLS participants. Sale Price adjusted for any seller contributions. DOM = Days on Market)

Elkhorn Springs consists of one and two-story homes from 1,055 to over 4,000 square feet, built from 1995 to 2004. For more information, or to buy or sell a home in Elkhorn Springs, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
Elkhorn Springs market report - 3rd quarter, 2007
Elkhorn Springs market report - 2nd quarter, 2007
Elkhorn Springs market report - 1st quarter, 2007

Las Vegas real estate - December, 2007 market statistics
Las Vegas real estate - November, 2007 market statistics
Las Vegas real estate - October, 2007 market statistics

El Capitan Ranch market report - 4th quarter, 2007

Home sales in El Capitan Ranch, a community in northwest Las Vegas, NV rebounded nicely in the 4th quarter of 2007. Twelve homes closed, doubling the results from the previous quarter. The rally helped limit the annual decline in activity to 13%. A total of 39 homes were sold in 2007, compared to 45 in 2006.

The existing resale inventory of 27 homes, (plus 2 with accepted offers) represents a move toward a balanced market. Homes in El Capitan Ranch are close to the I-215 Beltway, and the recreational options of Red Rock and Mount Charleston.

Here are the details of the fourth quarter sales:

Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date
8756 Castle View 4640 4/3 $599,900 $577,000 44 12/01/07
3617 Silver Brook 3083 6/3 $419,000 $415,000 11 11/15/07
8721 Castle Ridge 2604 3/2 $449,990 $410,000 201 10/31/07
8729 Castle Ridge 2604 3/2 $424,900 $395,000 194 11/14/07
8516 Copper Mine 2155 4/3 $339,900 $323,000 21 10/24/07
3728 Crescent Canyon 2155 4/3 $279,900 $300,000 18 11/16/07
3700 Crescent Canyon 2653 4/3 $299,900 $299,900 16 10/24/07
8741 Autumn Wreath 1909 4/3 $290,000 $285,500 112 10/23/07
8761 Harvest Valley 1524 3/3 $282,500 $266,000 83 10/09/07
8744 Autumn Wreath 1781 4/2 $265,000 $260,050 308 10/11/07
8669 Raindrop Canyon 1909 4/3 $280,000 $260,000 58 11/16/07
8517 Copper Mountain 1609 3/2 $279,900 $258,000 34 12/07/07

(GLVAR deems information reliable but not guaranteed. Properties listed and sold by various MLS participants. Sale Price adjusted for any seller contributions. DOM = Days on Market)

El Capitan Ranch consists of one and two-story homes from 1,524 to nearly 5,000 square feet, built from 1996 to 2000. For more information, or to buy or sell a home in El Capitan Ranch, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
El Capitan Ranch market report - 3rd quarter, 2007
El Capitan Ranch market report - 2nd quarter, 2007
El Capitan Ranch market report - 1st quarter, 2007

Las Vegas real estate - December, 2007 market statistics
Las Vegas real estate - November, 2007 market statistics
Las Vegas real estate - October, 2007 market statistics

Los Prados market report - 4th quarter, 2007

Home sales in Los Prados, a guard gated, golf course community in Las Vegas, NV fell by about 50% in the 4th quarter of 2007. Only five homes and one townhouse closed, compared to 10 homes and 4 townhouses in the 3rd quarter. Annual activity was down 39%, with a total of 40 sales in 2007, compared to 66 in 2006.

Existing resale inventory of 42 homes and 3 townhouses (plus 2 homes with accepted offers) indicates a very strong buyer's market. The neighborhood of Los Prados offers swimming, tennis, and walking trails and is convenient to the I-215 beltway.

Here are the details of the fourth quarter sales:

Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date
5204 Future 2596 4/3 $347,500 $325,000 142 11/30/07
5200 Future 1994 3/3 $299,000 $289,000 45 10/29/07
5517 Bowerman 1789 3/3 $266,000 $252,200 196 10/22/07
4809 Fiesta Lakes 1318 3/2 $248,500 $225,000 89 10/17/07
5464 White Ash 1499 2/2 $218,500 $206,000 44 11/26/07
5629 Divot (TWH) 1416 2/2 $199,000 $199,000 49 10/19/07

(GLVAR deems information reliable but not guaranteed. Properties listed and sold by various MLS participants. Sale Price adjusted for any seller contributions. DOM = Days on Market)

Los Prados offers one and two-story homes from 1,298 to over 3,300 square feet, built from 1986 to 2001. The townhouses range from 1083 to 1903 square feet. Some areas of the development are age-restricted. For more information, or to buy or sell a home or townhouse in Los Prados, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
Los Prados market report - 3rd quarter, 2007
Los Prados market report - 2nd quarter, 2007
Los Prados market report - 1st quarter, 2007

Las Vegas real estate - December, 2007 market statistics
Las Vegas real estate - November, 2007 market statistics
Las Vegas real estate - October, 2007 market statistics

Palm Canyon market report - 4th quarter, 2007

Home sales activity in Palm Canyon, a neighborhood near Black Mountain in Henderson, NV fell sharply in the 4th quarter of 2007, with only three homes sold, compared to ten homes in the 3rd quarter. Year-over-year activity was down 45%, with just 26 homes sold in 2007 versus 47 homes in 2006.

The existing resale inventory of 13 homes represents a one-year supply at the current sales pace, which is a strong buyer's market. Homes in Palm Canyon have lot sizes from about 6,000 square feet up to 1/4 acre and more.

Here are the details of the fourth quarter sales:

Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date
827 Woodtack Cove 2018 4/3 $369,900 $365,000 30 11/02/07
155 Laguna Landing 1802 3/2 $288,000 $279,360 76 10/03/07
830 Manor Shores 1802 3/2 $295,000 $275,000 28 12/17/07

(GLVAR deems information reliable but not guaranteed. Properties listed and sold by various MLS participants. Sale Price adjusted for any seller contributions. DOM = Days on Market)

Palm Canyon consists of 598 one-story homes from 1,323 to over 2,000 square feet, built from 1994 to 1997. For more information, or to buy or sell a home in Palm Canyon, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
Palm Canyon market report - 3rd quarter, 2007
Palm Canyon market report - 2nd quarter, 2007
Palm Canyon market report - 1st quarter, 2007

Henderson, Nevada real estate - December, 2007 statistics
Henderson, Nevada real estate - November, 2007 statistics
Henderson, Nevada real estate - October, 2007 statistics

Henderson, Nevada - Demographics
Henderson, Nevada - Fast Facts