Home sales activity in Palm Canyon, a neighborhood near Black Mountain in Henderson, NV fell sharply in the 4th quarter of 2007, with only three homes sold, compared to ten homes in the 3rd quarter. Year-over-year activity was down 45%, with just 26 homes sold in 2007 versus 47 homes in 2006.
The existing resale inventory of 13 homes represents a one-year supply at the current sales pace, which is a strong buyer's market. Homes in Palm Canyon have lot sizes from about 6,000 square feet up to 1/4 acre and more.
Here are the details of the fourth quarter sales:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 827 Woodtack Cove |
2018 |
4/3 |
$369,900 |
$365,000 |
30 |
11/02/07 |
| 155 Laguna Landing |
1802 |
3/2 |
$288,000 |
$279,360 |
76 |
10/03/07 |
| 830 Manor Shores |
1802 |
3/2 |
$295,000 |
$275,000 |
28 |
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)
Palm Canyon consists of 598 one-story homes from 1,323 to over 2,000 square feet, built from 1994 to 1997. For more information, or to buy or sell a home in Palm Canyon, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Palm Canyon market report - 3rd quarter, 2007
Palm Canyon market report - 2nd quarter, 2007
Palm Canyon 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
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