Home sales in Los Prados, a guard gated, golf course community in Las Vegas, NV fell by about 50% in the 4th quarter of 2007. Only five homes and one townhouse closed, compared to 10 homes and 4 townhouses in the 3rd quarter. Annual activity was down 39%, with a total of 40 sales in 2007, compared to 66 in 2006.
Existing resale inventory of 42 homes and 3 townhouses (plus 2 homes with accepted offers) indicates a very strong buyer's market. The neighborhood of Los Prados offers swimming, tennis, and walking trails and is convenient to the I-215 beltway.
Here are the details of the fourth quarter sales:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 5204 Future |
2596 |
4/3 |
$347,500 |
$325,000 |
142 |
11/30/07 |
| 5200 Future |
1994 |
3/3 |
$299,000 |
$289,000 |
45 |
10/29/07 |
| 5517 Bowerman |
1789 |
3/3 |
$266,000 |
$252,200 |
196 |
10/22/07 |
| 4809 Fiesta Lakes |
1318 |
3/2 |
$248,500 |
$225,000 |
89 |
10/17/07 |
| 5464 White Ash |
1499 |
2/2 |
$218,500 |
$206,000 |
44 |
11/26/07 |
| |
| 5629 Divot (TWH) |
1416 |
2/2 |
$199,000 |
$199,000 |
49 |
10/19/07 |
| |
(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)
Los Prados offers one and two-story homes from 1,298 to over 3,300 square feet, built from 1986 to 2001. The townhouses range from 1083 to 1903 square feet. Some areas of the development are age-restricted. For more information, or to buy or sell a home or townhouse in Los Prados, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Los Prados market report - 3rd quarter, 2007
Los Prados market report - 2nd quarter, 2007
Los Prados market report - 1st quarter, 2007
Las Vegas real estate - December, 2007 market statistics
Las Vegas real estate - November, 2007 market statistics
Las Vegas real estate - October, 2007 market statistics
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