Home sales activity in Toscana Vineyards, a neighborhood in the master-planned community of Southern Highlands in Las Vegas, NV stayed slow in the 4th quarter. Four homes sold, one more than the 3rd quarter. This brought the 2007 total to 13 homes sold, down 38% from the 2006 tally of 21 sales,
Existing resale inventory of 18 homes (plus 3 with accepted offers), indicates a strong buyer's narket. Homes in Toscana Vineyards 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 |
| 5978 Varese |
1547 |
3/3 |
$249,998 |
$242,498 |
73 |
11/09/07 |
| 11259 Dolcetto |
1396 |
3/3 |
$234,900 |
$228,920 |
66 |
11/19/07 |
| 5965 Tinazzi |
1121 |
2/2 |
$199,900 |
$193,060 |
93 |
10/17/07 |
| 5948 Ancona |
1121 |
2/2 |
$199,900 |
$190,000 |
35 |
11/23/07 |
| |
(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)
Toscana Vineyards consists of one and two-story homes from 1,103 to over 3,700 square feet, and was built by Beazer Homes in 2003 and 2004. For more information, or to buy or sell a home in Toscana Vineyards at Southern Highlands, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
Other Southern Highlands neighborhoods:
Bella Terra
Cortona Hills
Montagne Marron
Royal Highlands
See also:
Toscana Vineyards market report - 3rd quarter, 2007
Toscana Vineyards 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,
After yesterday's rate shakeup by the Fed, the market numbers ought to be improving. I'm expecting rates to open this morning such that buyers with 20% down can get an interest rate in the mid 5's.
Mike in Tucson