Home sales in Concordia at Lone Mountain West, a neighborhood in northwest Las Vegas, NV were disappointing in the second quarter of 2007. Just one home closed in the second quarter, down from 4 in the 1st quarter.
Existing resale inventory increased by 50% (from 12 to 18) creating a highly competitive market. Sellers may need to re-examine their pricing strategy and make adjustments in order to attract attention from buyers. 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 second quarter sales:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 10663 Mystic Seaport |
2715 |
4/3 |
$468,500 |
$460,000 |
129 |
06/07/07 |
| |
(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)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.
More neighborhood reports:
Concordia at Lone Mountain West market report - 1st quarter, 2007
Breamoor Heights
El Capitan Ranch
Elkhorn Springs
Los Prados
Nevada Trails
See also:
Las Vegas real estate - June, 2007 market statistics
Las Vegas real estate - May, 2007 market statistics
Las Vegas real estate - April, 2007 market statistics
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