Home sales in Morningside, a neighborhood in the Green Valley area of Henderson, NV were noticeably slower in the third quarter of 2007. Only two homes closed, compared to five in the 2nd quarter and six in the 1st quarter.
With existing resale inventory climbing further to 20 homes from 15, (plus 1 with an accepted offer), sellers may need to rethink their strategy and level of motivation. Buyers have plenty of options to choose from, and will look to overall value when making their offers. Homes in Morningside are located close to the amenities of Green Valley Ranch and have quick access to the I-215 freeway.
Here are the details of the third quarter sales:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 62 Westheimer |
1688 |
3/3 |
$279,900 |
$274,000 |
55 |
09/21/07 |
| 50 Fantasia |
1125 |
3/2 |
$280,000 |
$266,750 |
62 |
07/25/07 |
| |
(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)
Morningside consists of 263 one and two-story homes from 1,125 to over 2,200 square feet, built from 1987 to 1990. For more information, or to buy or sell a home in Morningside, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Morningside market report - 2nd quarter, 2007
Morningside 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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