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:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 2091 Silver Whisper | 2259 | 4/3 | $469,000 | $411,000 | 38 | 12/07/07 |
| 2035 Silver Whisper | 2259 | 5/4 | $329,000 | $375,000 | 50 | 11/13/07 |
| 1578 Silver Knoll | 1558 | 3/3 | $350,000 | $336,000 | 107 | 10/25/07 |
| 1424 Silver Falls | 1979 | 4/3 | $320,000 | $310,400 | 183 | 10/31/07 |
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| 9753 Silver Dusk | 1930 | 4/3 | $335,000 | $300,000 | 1 | 10/31/07 |
| 9804 Silver Chaps | 2259 | 5/3 | $319,900 | $292,000 | 155 | 10/31/07 |
| 1439 Silver Falls | 1979 | 4/3 | $294,500 | $290,000 | 42 | 11/15/07 |
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(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
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John: We are starting to see a big uptick in San Diego real estate activity. You too?