About Las Vegas' Silverado Trails

Silverado Trails market report - 4th quarter, 2007

01-17-08

John Novak - Las Vegas and Henderson NV Real Estate

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Office: (702) 939-0000

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Secondary: (702) 456-5959

Home sales activity in Silverado Trails, a neighborhood in the master planned community of Silverado Ranch in Las Vegas, NV rebounded nicely in the 4th quarter of 2007. Seven homes closed, compared to only two in the 3rd quarter. This brought the total for 2007 to 19 homes sold, down 17% from 23 sales in 2006.

The current resale inventory is 18 homes, plus 2 with accepted offers. While this still slightly favors buyers, this neighborhood is moving toward a balanced market. Homes in Silverado Trails are convenient to the south Las Vegas Strip, Anthem, Green Valley Ranch and 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
2091 Silver Whisper	2259	4/3	$469,000	$411,000	38	12/07/07
2035 Silver Whisper	2259	5/4	$329,000	$375,000	50	11/13/07
1578 Silver Knoll	1558	3/3	$350,000	$336,000	107	10/25/07
1424 Silver Falls	1979	4/3	$320,000	$310,400	183	10/31/07

9753 Silver Dusk	1930	4/3	$335,000	$300,000	1	10/31/07
9804 Silver Chaps	2259	5/3	$319,900	$292,000	155	10/31/07
1439 Silver Falls	1979	4/3	$294,500	$290,000	42	11/15/07

(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)

Silverado Trails consists of one and two-story homes from 1,486 to over 2,200 square feet, built from 1996 to 2001. For more information, or to buy or sell a home in Silverado Trails, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.