Home sales activity in Montagne Marron, a neighborhood in the master-planned community of Southern Highlands in Las Vegas, NV kept a steady pace in the 4th quarter of 2007. Four homes and one townhouse closed, compared to two homes and three townhouses in the previous quarter. The 2007 total of 13 homes and 9 townhouses sold was down 39% from 2006 when 20 homes and 16 townhouses closed.
The current resale inventory of 21 homes and 5 townhouses (plus 3 homes and 1 townhouse with accepted offers) represents a buyer's market for homes, but is close to a balanced market for townhouses. Homes in Montagne Marron at Southern Highlands are close to schools, parks and shopping, as well as the south Las Vegas Strip,
Here are the details of the fourth quarter sales:
| Address |
Sq Ft |
Bed/Bath |
List Price |
Sale Price |
DOM |
Closing Date |
| 5476 Digne |
2347 |
3/2 |
$395,000 |
$389,000 |
150 |
12/14/07 |
| 11128 Montagne Marron |
2477 |
3/3 |
$334,900 |
$335,000 |
15 |
10/08/07 |
| 11193 Montagne Marron |
2465 |
3/3 |
$309,900 |
$295,000 |
107 |
12/28/07 |
| 11006 Salernes |
1648 |
3/2 |
$285,000 |
$280,000 |
25 |
12/13/07 |
| |
| 10998 Ampus (TWH) |
1704 |
2/2 |
$279,900 |
$248,000 |
164 |
10/30/07 |
| |
(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)
Montagne Marron consists of 240 one and two-story homes from 1,273 to over 2,900 square feet, plus 130 townhouses from 1,261 to 2,190 square feet. They were built from 2000 to 2003. For more information, or to buy or sell a home in Montagne Marron at Southern Highlands, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
Other Southern Highlands neighborhoods:
Bella Terra
Cortona Hills
Royal Highlands
Toscana Vineyards
See also:
Montagne Marron market report - 3rd quarter, 2007
Montagne Marron 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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