Sales activity in South Valley Ranch, a master-planned community in Henderson, NV was encouraging for the 2nd quarter of 2007. Sixteen homes and five condos closed from April 1 to June 30, compared to only 3 homes and 5 condos in the 1st quarter.
High inventory levels of 30 homes and 11 condos (plus 3 homes and 2 condos with accepted offers) continue to make this a challenging time for sellers. Competitive pricing and great showing condition will determine which homes receive offers. Homes in South Valley Ranch still remain very affordable relative to the overall Las Vegas market.
Here are the details of the second quarter sales:
Address
Sq Ft
Bed/Bath
List Price
Sale Price
DOM
Closing Date
624 Bonanza Plain
3193
4/3
$365,000
$364,000
7
06/15/07
1065 Split Rail
2127
4/3
$334,900
$325,000
35
04/20/07
712 Orchid Tree
1756
3/3
$304,999
$297,000
178
06/06/07
917 Ashurst
1321
3/2
$305,000
$284,000
49
06/29/07
609 Saddle Rider
1518
3/2
$290,000
$280,000
37
05/16/07
1040 Pleasent Run
1756
4/3
$285,000
$270,000
48
05/29/07
613 Bullwhip
1321
3/2
$275,000
$270,000
7
04/18/07
709 Forest Haven
1534
3/2
$280,000
$267,000
254
05/04/07
732 Red Bark
1534
3/2
$280,000
$262,500
49
05/15/07
613 Tobble Creek
1321
3/2
$259,900
$259,900
50
04/20/07
917 Adobe Flat
1321
3/2
$269,900
$259,475
9
06/08/07
912 Moore Oaks
1321
3/2
$269,000
$257,000
71
06/27/07
889 Angelus Oaks
1382
3/2
$249,900
$244,900
17
06/26/07
717 Hitchen Post
1127
3/2
$249,000
$241,530
180
05/02/07
853 Adobe Flat
1127
2/2
$242,900
$240,272
138
04/06/07
664 Saloon
1382
4/2
$245,000
$235,710
130
05/30/07
833 Aspen Peak Loop #2524
1318
3/2
$198,999
$196,650
69
05/02/07
833 Aspen Peak Loop #1421
1249
2/2
$199,900
$195,900
271
05/18/07
833 Aspen Peak Loop #1113
1160
2/2
$196,999
$187,210
132
04/04/07
833 Aspen Peak Loop #2613
1160
2/2
$189,999
$187,000
66
04/30/07
833 Aspen Peak Loop #1314
1160
2/2
$190,000
$183,000
67
06/26/07
(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)
South Valley Ranch offers one and two-story homes from 956 to over 3,000 square feet. The Aspen Peak Condominiums have three floorplans - 1160, 1249 and 1318 square feet. For more information, or to buy or sell a home or condo in South Valley Ranch, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
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