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Candle Creek market report - 4th quarter, 2007

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.

Posted by John Novak - Las Vegas and Henderson NV Real Estate on 01/04/2008 06:12 PM

Comments (1)

henderson real estate, henderson nevada, candle creek, market statistics, relocation package

This post has been included in Nevada Information Clark County, NV Information Henderson, NV Information

1 Comments on Candle Creek market report - 4th quarter, 2007

John! You're putting me to shame here. My to do list says "do my market stats for the year TODAY"! I haven't done one yet and look at all you've put together today. OK, OK, so I'll do mine now for sure.....maybe I can just copy yours and change the names?

01/04/2008 06:49 PM

by Tracey Thomas Calabasas, CA Real Estate (Keller Williams Realty)

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Real Estate Agent: John Novak - Las Vegas and Henderson NV Real Estate (Keller Williams Realty The Marketplace)

John Novak - Las Vegas and Henderson NV Real Estate
Las Vegas, NV
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Keller Williams Realty The Marketplace

Office Phone: (702) 939-0000
Cell Phone: (702) 339-9700
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