“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

About Las Vegas' El Capitan Ranch

Las Vegas, NV Area May 2010 Short Sale Inventory Update

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

Las Vegas Area Short Sale Homes for Sale

Las Vegas Area Short Sale Real Estate Market Report

The absorption rate for Las Vegas Valley Area Short Sales is finally seeing movement. Inventory has INCREASED by +436 units. Under Contract has DECREASED by -255 units. Solds have INCREASED by +71 units.

There are many reasons for the lack of closings in this market and it is outlined in this post.

Short Sale Synopsis:

  • Listings 6/15/2010: 4559
  • Pending 6/15/2010: 11385
  • Closed May 2010: 1039

Short Sales Currently Account for:

  • 43% of All Las Vegas Valley Listings
  • 29% of All Las Vegas Valley Sales

Read here for the most current Las Vegas Area Short Sale Report.

Read here for last month's report on Las Vegas Area Short Sales.

If you need to sell your home through the short sale process, you can either fill out the form on this page or you can call 702-966-2494 and press option 0.

El Capitan Ranch market report - 4th quarter, 2007

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

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