Home sales activity in Elkhorn Springs, a community in northwest Las Vegas, NV slipped in the 3rd quarter of 2007. Seven homes closed, compared to 13 in the second quarter and 10 in the first.
A record 61 homes are available (plus 8 with accepted offers), which equates to more than a 2-year supply at current sales rates. With so many homes to compete with, sellers may want to reassess their motivation. Unless you absolutely have to sell, it may be better to wait 1-2 years until the market is more favorable. Homes in Elkhorn Springs have easy access to the I-215 Beltway, as well as cycling, hiking, skiing and other recreational activities at Red Rock and Mount Charleston.
Here are the details of the third quarter sales:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 7425 Bantam | 2003 | 3/3 | $334,900 | $330,000 | 81 | 09/27/07 |
| 7820 Silver Mallard | 1789 | 4/2 | $284,500 | $284,500 | 16 | 07/09/07 |
| 7401 Painted Ridge | 1668 | 3/2 | $259,900 | $249,900 | 69 | 08/30/07 |
| 8324 Spruce Meadows | 1702 | 3/2 | $249,900 | $244,360 | 129 | 08/29/07 |
| 8120 Exploration | 1252 | 3/2 | $235,000 | $223,100 | 129 | 08/24/07 |
| 7732 Thorne Pine | 1789 | 3/2 | $231,900 | $212,785 | 237 | 07/30/07 |
| 8100 Pursuit | 1065 | 2/3 | $209,900 | $203,900 | 13 | 07/23/07 |
(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)
Elkhorn Springs consists of one and two-story homes from 1,055 to over 4,000 square feet, built from 1995 to 2004. For more information, or to buy or sell a home in Elkhorn Springs, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Elkhorn Springs market report - 2nd quarter, 2007
Elkhorn Springs market report - 1st quarter, 2007
Las Vegas real estate - September, 2007 market statistics
Las Vegas real estate - August, 2007 market statistics
Las Vegas real estate - July, 2007 market statistics
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