Home sales in Whitney Ranch, a master-planned community in Henderson, NV collapsed in the 4th quarter of 2007. Just one Galleria Villas condo was sold, compared to six homes and two condos in the third quarter. Year-over-year results were down 41%, with 18 homes and 8 condos sold in 2007 versus 25 homes and 19 condos in 2006.

Resale inventory stayed steady at 20 homes and 8 condos (plus 1 home with an accepted offer) putting the market squarely in favor of buyers. 

Here are the details of the fourth quarter sale:

(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)

Whitney Ranch offers one and two-story homes from 1,135 to over 2,500 square feet, most built in the early 1990's with 46 added in 2006. The 165-unit, gated Galleria Villas have five floorplans - 710, 1013, 1096, 1135 and 1168 square feet. For more information, or to buy or sell a home or condo in Whitney Ranch, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
     Whitney Ranch market report - 3rd quarter, 2007
     Whitney Ranch market report - 2nd quarter, 2007
     Whitney Ranch market report - 1st quarter, 2007

     Henderson, Nevada real estate - December, 2007 statistics
     Henderson, Nevada real estate - November, 2007 statistics
     Henderson, Nevada real estate - October, 2007 statistics

     Henderson, Nevada - Demographics
     Henderson, Nevada - Fast Facts