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Palm Canyon market report - 2nd quarter, 2007

Home sales activity in Palm Canyon, a neighborhood near Black Mountain in Henderson, NV improved in the second quarter of 2007. Eight homes closed in the 2nd quarter, compared to five in the first quarter.

Existing resale inventory of 21 homes (plus 5 with accepted offers) means this subdivision has moved closer to a balanced market. This represents a 7-8 month supply of homes, while there was nearly a 15 month supply in the first quarter. 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 second quarter sales:

Address	Sq Ft	Bed/Bath	List Price	Sale Price	DOM	Closing Date
108 Workman	2018	3/3	$384,999	$375,000	69	05/08/07
189 Laguna Landing	1802	3/2	$339,999	$337,000	13	04/25/07
851 Coastal Beach	1802	3/2	$344,000	$320,100	77	04/30/07

119 Dune Drift	1323	3/2	$335,000	$315,250	95	04/25/07
834 Holly Lake	1668	3/2	$315,000	$305,550	10	06/07/07
159 Laguna Landing	1668	3/2	$312,900	$299,000	150	04/19/07

851 Rusty Anchor	1668	3/2	$310,000	$292,000	146	04/13/07
861 Rusty Anchor	1324	4/2	$262,000	$260,000	30	06/21/07

(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.

More neighborhood reports:
     Palm Canyon market report - 1st quarter, 2007

     Black Mountain Vistas
     Candle Creek
     Clearwater Canyon
     Coventry at Anthem
     Inspiration at Green Valley Ranch
     Morningside
     South Valley Ranch
     Whitney Ranch