Home sales activity in Silverado Hills, a neighborhood in the Silverado area of Las Vegas, NV continued at a very slow pace in the third quarter of 2007. Only one home closed for the second straight quarter; four homes closed in the first period. This is 33% behind last year's results.
With the resale inventory ballooning to 11 homes from 6, it remains to be seen yet just how effective sellers have been in setting their list price. Buyers have lots of options in today's market, and a good portion of their final choice is driven by price. Homes in Silverado Hills have convenient access to the I-215 Beltway and are close to the amneties of Green Valley Ranch and Anthem.
Here are the details of the third quarter sales:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 1819 Wild Indigo | 3051 | 4/3 | $419,900 | $400,000 | 71 | 08/03/07 |
(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)
Silverado Hills consists of one and two-story homes from 1,617 to over 3,000 square feet built from 1996 to 1998. For more information, or to buy or sell a home in Silverado Hills, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Silverado Hills market report - 2nd quarter, 2007
Silverado Hills 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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