Home sales in El Capitan Ranch, a community in northwest Las Vegas, NV maintained a steady pace in the 2nd quarter of 2007. Eleven homes closed in the second quarter, compared to 10 in the first quarter.
Existing resale inventory of 39 homes (plus 3 with accepted offers) continues to favor buyers, giving them a wide range of options. Sellers need to understand how important price is in this kind of market, and be willing to price their home accordingly if they want to attract an offer. Homes in El Capitan Ranch are close to the I-215 Beltway, and the recreational options of Red Rock and Mount Charleston.
Here are the details of the second quarter sales:
Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
8756 Castle Ridge | 4979 | 5/4 | $769,900 | $746,760 | 146 | 04/13/07 |
8720 Castle Hill | 4979 | 5/5 | $689,900 | $645,253 | 1 | 05/29/07 |
8756 Castle View | 4640 | 4/3 | $491,900 | $512,100 | 13 | 06/19/07 |
8520 Copper Falls | 3083 | 5/3 | $450,000 | $443,047 | 10 | 04/19/07 |
8608 Gilmore | 3083 | 4/3 | $419,900 | $393,820 | 192 | 06/13/07 |
8621 Raindrop Canyon | 2155 | 4/3 | $380,000 | $368,600 | 21 | 04/10/07 |
8512 Copper Knoll | 1609 | 3/2 | $309,900 | $303,000 | 27 | 05/31/07 |
8772 Country View | 1653 | 3/3 | $300,000 | $300,000 | 71 | 04/04/07 |
8772 Harvest Valley | 1524 | 3/3 | $289,980 | $276,091 | 6 | 05/24/07 |
8744 Country View | 1653 | 3/3 | $266,900 | $267,000 | 43 | 05/15/07 |
8705 Autumn Wreath | 1613 | 2/3 | $269,900 | $260,000 | 38 | 05/23/07 |
El Capitan Ranch consists of one and two-story homes from 1,524 to nearly 5,000 square feet, built from 1996 to 2000. For more information, or to buy or sell a home in El Capitan Ranch, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
More neighborhood reports:
El Capitan Ranch market report - 1st quarter, 2007
Los Prados
Nevada Trails
See also:
Las Vegas real estate - June, 2007 market statistics
Las Vegas real estate - May, 2007 market statistics
Las Vegas real estate - April, 2007 market statistics
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