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.
Jennifer - I'm hoping we can cut that by at least six months during the first quarter. The four homes currently in escrow are a good start, and I'm starting to see overall buyer interest pick up.
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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John - Two years worth of inventory, I guess buyers have a lot to choose from. This is certainly useful information to the community.