Home sales in Concordia at Lone Mountain West, a neighborhood in northwest Las Vegas, NV picked up slightly in the third quarter of 2007. Three homes closed, compared to just one in the second quarter and four in the first. This is down 20% from the first nine months of 2006 when ten homes sold.
The existing resale inventory of 19 homes (plus 1 with an accepted offer) represents about an 18-month supply. This indicates that sellers may need to make adjustments to their pricing and marketing in order to attract showings and offers. 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 third quarter sales:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 4312 Governors Hill |
2661 |
4/3 |
$369,000 |
$350,200 |
85 |
09/13/07 |
| 4320 Baker Hill |
1620 |
3/2 |
$338,000 |
$330,000 |
157 |
07/20/07 |
| 10611 Amirville |
1630 |
3/2 |
$329,850 |
$317,000 |
23 |
07/02/07 |
| |
(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.
See also:
Concordia at Lone Mountain West market report - 2nd quarter, 2007
Concordia at Lone Mountain West 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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