Home sales activity in Silverado Trails, a neighborhood in the master planned community of Silverado Ranch in Las Vegas, NV rebounded nicely in the 4th quarter of 2007. Seven homes closed, compared to only two in the 3rd quarter. This brought the total for 2007 to 19 homes sold, down 17% from 23 sales in 2006.

The current resale inventory is 18 homes, plus 2 with accepted offers. While this still slightly favors buyers, this neighborhood is moving toward a balanced market. Homes in Silverado Trails are convenient to the south Las Vegas Strip, Anthem, Green Valley Ranch and the I-215 Beltway.

Here are the details of the fourth quarter sales:

AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date
2091 Silver Whisper22594/3$469,000$411,0003812/07/07
2035 Silver Whisper22595/4$329,000$375,0005011/13/07
1578 Silver Knoll15583/3$350,000$336,00010710/25/07
1424 Silver Falls19794/3$320,000$310,40018310/31/07
 
9753 Silver Dusk19304/3$335,000$300,000110/31/07
9804 Silver Chaps22595/3$319,900$292,00015510/31/07
1439 Silver Falls19794/3$294,500$290,0004211/15/07
 
(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)

Silverado Trails consists of one and two-story homes from 1,486 to over 2,200 square feet, built from 1996 to 2001. For more information, or to buy or sell a home in Silverado Trails, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
     Silverado Trails market report - 3rd quarter, 2007
     Silverado Trails market report - 2nd quarter, 2007
     Silverado Trails 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
 

2 Comments on Silverado Trails market report - 4th quarter, 2007

John: We are starting to see a big uptick in San Diego real estate activity. You too?

01/17/2008 12:13 AM by Roberta Murphy ~ Carlsbad Real Estate (Villa Sotheby's International Realty)


Roberta - We're seeing more contact activity from buyers and sellers, but that hasn't translated to closed sales yet. Our current inventory of more than 23,600 homes is just about where we started the year. I think that needs to be less than 15,000 to bring the overall market back into balance. There are a few neighborhoods doing well, but many more continue to struggle.

01/17/2008 12:47 AM by John Novak - Las Vegas and Henderson NV Real Estate (Keller Williams Realty The Marketplace)


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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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News, statistics, and observations about the residential real estate market in southern Nevada, and my experiences and thoughts about being a REALTORĀ®.


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