Home sales activity in Royal Highlands, a neighborhood in the master-planned community of Southern Highlands in Las Vegas, NV rebounded slightly in the 3rd quarter of 2007. Eight homes closed, up from five in the second quarter, and bringing the total for the year to 23.
Existing resale inventory of 47 homes, (24 in Inverness and 23 in Glen Eagle), favors buyers, and much more so in the more expensive Inverness segment. A limited number of buyers as price points increase and the overall softening of the Las Vegas market are challenges that sellers must overcome. Royal Highlands at Southern Highlands is a gated community, with quick access to schools, parks and shopping, as well as the south Las Vegas Strip.
Third quarter sales at Inverness:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 11072 Whistling Straits |
5266 |
5/5 |
$920,000 |
$875,000 |
142 |
07/31/07 |
| 11204 Grants Landing |
3651 |
4/3 |
$899,900 |
$830,000 |
54 |
07/27/07 |
| |
Third quarter sales at Glen Eagle:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 11015 Royal Highlands |
2548 |
3/3 |
$555,000 |
$555,000 |
29 |
08/01/07 |
| 11021 Royal Highlands |
2521 |
3/3 |
$519,000 |
$519,000 |
20 |
08/02/07 |
| 11008 Fishers Island |
2162 |
3/3 |
$375,000 |
$385,000 |
1 |
07/17/07 |
| |
| 11031 Fintry Hills |
2350 |
3/3 |
$389.900 |
$366,175 |
50 |
07/09/07 |
| 10947 Carberry Hill |
2459 |
3/3 |
$389,900 |
$358,000 |
24 |
08/23/07 |
| 11028 Dornoch Castle |
2459 |
4/3 |
$379,900 |
$347,500 |
30 |
08/23/07 |
| |
(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)
Royal Highlands consists of two neighborhoods, Inverness and Glen Eagle, and is built by American West. Homes in Inverness are 3,641 square feet to over 5,200 square feet, include basements, and have 1/4-acre lots. Glen Eagle is a 2-story collection from 2,162 to 2,548 square feet. New homes are still available. For more information, or to buy or sell a home in Royal Highlands at Southern Highlands, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
More neighborhood reports:
Bella Terra
Cortona Hills
Montagne Marron
Toscana Vineyards
See also:
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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