Home sales activity in Palm Canyon, a neighborhood near Black Mountain in Henderson, NV continued its upward trend in the third quarter of 2007 with ten units closed, two more than the 2nd quarter. While the nine-month total is still 50% less than one year ago, it is encouraging to see the number of closings continue to increase.
The existing resale inventory of 18 homes (plus 3 with accepted offers) equates to about a six-month supply, which is a balanced market. This is further supported by an average days on market of 95. 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 third quarter sales:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 185 Las Pasadas |
2018 |
4/3 |
$392,000 |
$367,700 |
98 |
09/07/07 |
| 820 Coastal Beach |
2018 |
4/3 |
$349,900 |
$344,650 |
186 |
08/30/07 |
| 841 Wave |
1668 |
3/2 |
$335,000 |
$320,000 |
173 |
08/31/07 |
| |
| 128 Park Ridge |
1668 |
3/2 |
$331,500 |
$321,750 |
65 |
08/30/07 |
| 108 Westin |
1802 |
3/2 |
$335,000 |
$310,000 |
67 |
07/03/07 |
| 164 Coastal Pier |
1802 |
3/2 |
$329,900 |
$306,000 |
10 |
08/21/07 |
| |
| 401 Royal Greens |
1802 |
3/2 |
$299,000 |
$285,600 |
25 |
08/30/07 |
| 179 Channel |
1324 |
4/2 |
$265,000 |
$265,000 |
62 |
08/01/07 |
| 129 Westin |
1324 |
3/2 |
$264,900 |
$260,000 |
109 |
09/17/07 |
| 115 Mint Orchard |
1324 |
3/2 |
$265,000 |
$244,000 |
158 |
08/31/07 |
| |
(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.
See also:
Palm Canyon market report - 2nd quarter, 2007
Palm Canyon 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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