Home sales in Candle Creek, a neighborhood adjacent to the master-planned community of Whitney Ranch in Henderson, NV trailed off in the 4th quarter of 2007. Three homes closed in this period, down from five in the 3rd quarter. Annual activity was down 35%, with just 17 homes sold in 2007, compared to 26 homes in 2006.
Existing resale inventory is steady at 20 homes, indicative of a buyer's market with more than 18 months of inventory. Homes in Candle Creek offer good values relative to the overall Las Vegas market.
Here are the details of the fourth quarter sales:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 918 Sitting Bull |
2882 |
5/3 |
$399,900 |
$368,000 |
192 |
10/05/07 |
| 1628 Buffalo Trail |
3470 |
4/3 |
$374,900 |
$354,000 |
182 |
12/28/07 |
| 807 Seclusion |
2641 |
4/3 |
$304,900 |
$315,000 |
10 |
12/31/07 |
| |
(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)
Candle Creek offers one and two-story homes from 1,348 to over 3,800 square feet, built from 1988 to 1996. For more information, or to buy or sell a home in Candle Creek, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Candle Creek market report - 3rd quarter, 2007
Candle Creek market report - 2nd quarter, 2007
Candle Creek 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
;)
;)
