Home sales activity in Blue Diamond Ranch, a community in southwest Las Vegas, NV rebounded slightly in the third quarter of 2007. Five homes closed, up from two in the 2nd quarter. This brings the total to 17 for the year, down 41% versus the first nine months of 2006.
Existing resale inventory of 21 homes (plus 1 with an accepted offer) represents about a one-year supply. In order to generate showings and offers from buyers, sellers need to be aggressive on price and marketing, as well as keep their homes in top showing condition. Homes in Blue Diamond Ranch are close to all of the amenities of the growing southwest area of the valley, as well as the south Las Vegas Strip.
Here are the details of the third quarter sales:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 7988 Marble City | 1818 | 5/3 | $315,000 | $301,000 | 14 | 09/10/07 |
| 4831 Thackerville | 1662 | 4/3 | $309,800 | $294,250 | 85 | 08/29/07 |
| 4695 Julesburg | 1452 | 4/3 | $299,000 | $289,300 | 83 | 08/30/07 |
| 4705 Gracemont | 1505 | 3/2 | $282,500 | $277,000 | 21 | 09/06/07 |
| 4852 Rush Springs | 1362 | 3/2 | $234,900 | $229,000 | 83 | 09/20/07 |
(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)
Blue Diamond Ranch consists of one and two-story homes from 1,108 to over 2,200 square feet, built from 2001 to 2004. For more information, or to buy or sell a home in Blue Diamond Ranch, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Blue Diamond Ranch market report - 2nd quarter, 2007
Blue Diamond Ranch 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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