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About Las Vegas' Concordia At Lone Mountain West

Las Vegas Area Real Estate Market Seller Concession Stand February 2010

Renee Burrows - Las Vegas Real Estate -  (702-580-1783) www.ShackDiva.com: Real Estate Agent in Las Vegas, NV

Here is what buyers received in seller paid concessions on November 2009 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes:

  • Less than $500: 65% ($500 only buys you a home warranty or (no and) an appraisal)
  • Between $501-4000: 20%
  • Over $4001: 15%

This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory! Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs!

Last Month's Concession Stand

Concordia at Lone Mountain West market report - 4th quarter, 2007

John Novak - Las Vegas and Henderson NV Real Estate: Real Estate Agent in Las Vegas, NV

Home sales in Concordia at Lone Mountain West, a neighborhood in northwest Las Vegas, NV were level in the 4th quarter of 2007. Three homes closed, matching results from the 3rd quarter. This brought the total for the year to 11 homes sold, down 21% from 2006 when 14 homes were sold.

The current resale inventory of 16 homes (plus 2 with accepted offers) indicates a strong buyer's market. Homes in Concordia at Lone Mountain West have convenient access to the I-215 Beltway and are close to the recreational opportunities 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
10620 Haileville 2087 3/3 $379,900 $337,000 51 12/27/07
4236 Holleys Hill 2441 4/3 $318,900 $317,274 12 11/09/07
10526 Beckaville 1630 3/2 $284,900 $276,000 43 10/10/07

(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)

Concordia at Lone Mountain West consists of one and two-story homes from 1,630 to over 2,700 square feet, built from 2002 to 2005. For more information, or to buy or sell a home in Concordia at Lone Mountain West, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
Concordia at Lone Mountain West market report - 3rd quarter, 2007
Concordia at Lone Mountain West market report - 2nd quarter, 2007
Concordia at Lone Mountain West 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