Home sales activity in Toscana Vineyards, a neighborhood in the master-planned community of Southern Highlands in Las Vegas, NV barely rebounded in the 3rd quarter. Three homes closed, compared to a just one from April through June. The neighborhood continues to struggle relative to 2006 results, with activity down 40%.
Existing resale inventory has climbed to 21 homes (plus 2 with accepted offers), strongly favoring buyers. A growing number of foreclosures and short sales are putting downward pressure on prices, making this market a challenging one for sellers. Homes in Toscana Vineyards at Southern Highlands are close to schools, parks and shopping, 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 |
| 11128 Crosseto |
3487 |
5/5 |
$644,900 |
$585,000 |
151 |
07/31/07 |
| 6039 Aromatico |
2596 |
3/3 |
$509,900 |
$485,000 |
17 |
09/14/07 |
| 11224 Gammila |
2325 |
3/3 |
$419,900 |
$380,000 |
61 |
07/31/07 |
| |
(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)
Toscana Vineyards consists of one and two-story homes from 1,103 to over 3,700 square feet, and were built by Beazer Homes in 2003 and 2004. For more information, or to buy or sell a home in Toscana Vineyards at Southern Highlands, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
Other Southern Highlands neighborhoods:
Bella Terra
Cortona Hills
Montagne Marron
Royal Highlands
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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