Sales activity in South Valley Ranch, a master-planned community in Henderson, NV fell sharply in the 3rd quarter of 2007. Just three homes and two condos closed from July 1 to September 30, compared to 16 homes and 5 condos in the 2nd quarter.
Existing resale inventory has ballooned to 39 homes and 10 condos (plus 2 homes with accepted offers) making this an extremely challenging time for sellers. Seven home listings are either short sales or in foreclosure. Competitive pricing, maximum marketing exposure and great showing condition will determine which homes receive offers. Homes in South Valley Ranch are very affordable relative to the overall Las Vegas market.
Here are the details of the third quarter sales:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 897 Angelus Oaks | 1382 | 3/2 | $281,000 | $281,000 | 21 | 07/19/07 |
| 949 Cedar Pines | 1518 | 3/2 | $269,000 | $265,000 | 133 | 08/31/07 |
| 881 Adobe Flat | 1317 | 3/2 | $249,000 | $240,000 | 32 | 07/10/07 |
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| 833 Aspen Peak Loop #2612 | 1249 | 2/2 | $192,000 | $192,000 | 75 | 07/20/07 |
| 833 Aspen Peak Loop #2221 | 1249 | 2/2 | $185,900 | $184,000 | 63 | 07/31/07 |
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(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.
See also:
South Valley Ranch market report - 2nd quarter, 2007
South Valley Ranch market report - 1st quarter, 2007
Henderson, Nevada real estate - September, 2007 statistics
Henderson, Nevada real estate - August, 2007 statistics
Henderson, Nevada real estate - July, 2007 statistics
Henderson, Nevada - Demographics
Henderson, Nevada - Fast Facts
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