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Nevada Trails market report - 4th quarter, 2007

Home sales in Nevada Trails, a community in southwest Las Vegas, NV continued to lag in the 4th quarter of 2007. Only five homes closed, one less than in the 3rd quarter. Annual activity was down 37%, with 34 homes sold in 2007, compared to 54 in 2006.

The current resale inventory of 53 homes (plus 6 with accepted offers) is a significant improvement from earlier in the year, but still represents a very strong buyer's market. Homes in Nevada Trails are close to the I-215 Beltway, the south end of the Las Vegas Strip, and many recreational options.

Here are the details of the fourth quarter sales:

Address	Sq Ft	Bed/Bath	List Price	Sale Price	DOM	Closing Date
7723 Roaring Springs	3897	3/4	$846,835	$795,000	280	10/10/07
7584 Slide Rock	3302	4/4	$454,900	$425,000	22	12/18/07
7356 Laramie	2672	4/3	$429,900	$411,430	62	10/02/07
7932 Prairie Bluff	2427	4/3	$389,500	$361,000	39	11/02/07
7461 Burnt Oak	1418	3/2	$298,500	$293,000	192	12/17/07

(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)

Nevada Trails consists of one and two-story homes from 1,418 to over 4,500 square feet. Construction began in 2001, and new homes are still being built. For more information, or to buy or sell a home in Nevada Trails, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

Posted by John Novak - Las Vegas and Henderson NV Real Estate on 01/07/2008 09:33 PM

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las vegas real estate, las vegas market statistics, las vegas nevada, nevada trails

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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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