Home sales in Maryland Pebble, a neighborhood in the Silverado Ranch master plan in Las Vegas, NV continued to slide in the 4th quarter, with 7 closings compared to 12 in the 3rd quarter. Year-over-year results were down 40% with 49 homes sold in 2007 versus 81 homes in 2006.
The existing resale inventory of 49 homes (plus 4 with accepted offers), equates to a nearly two-year supply, which is a very strong buyer's market. Homes in Maryland Pebble are close to the I-215 Beltway and the south end of the Las Vegas Strip.
Here are the details of the fourth quarter sales:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 8902 Crystal Coral |
2627 |
4/4 |
$425,000 |
$397,858 |
146 |
11/16/07 |
| 1174 Little Rock |
2390 |
5/3 |
$374,000 |
$361,500 |
12 |
10/31/07 |
| 1036 Dodger Blue |
2221 |
3/3 |
$375,000 |
$350,000 |
15 |
11/30/07 |
| 8722 Crest Basin |
1942 |
3/3 |
$395,000 |
$344,000 |
44 |
10/03/07 |
| |
| 1178 Warm Canyon |
1300 |
3/2 |
$240,000 |
$239,000 |
48 |
11/20/07 |
| 1064 Silver Stone |
1143 |
3/2 |
$236,900 |
$232,703 |
128 |
12/04/07 |
| 1128 Country Shadows |
1143 |
2/2 |
$220,000 |
$220,000 |
147 |
10/03/07 |
| |
(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)
Maryland Pebble consists of one and two-story homes from 936 to over 3,400 square feet, built from 1996 to 2000. For more information, or to buy or sell a home in Maryland Pebble, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Maryland Pebble market report - 3rd quarter, 2007
Maryland Pebble market report - 2nd quarter, 2007
Maryland Pebble 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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