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Concordia at Deer Springs market report - 2nd quarter, 2007

By
Real Estate Agent with Keller Williams Realty The Marketplace NV License # 56750

Home sales activity in Concordia at Deer Springs, a neighborhood in northwest Las Vegas, NV showed mixed results in the second quarter of 2007. On the positive side, six homes closed in the 2nd quarter, compared to four in the 1st quarter.

On the negative side, existing resale inventory increased from 12 to 17 homes (plus 1 with an accepted offer) which strongly favors buyers. In order to get homes sold, sellers will need to price aggressively, give the home maximum marketing exposure, and keep their homes in top showing condition. Homes in Concordia at Deer Springs have convenient access to the I-215 Beltway and are close to Red Rock and Mount Charleston for plenty of outdoor recreation fun.

Here are the details of the second quarter sales:

AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date
6854 Relic19944/3$341,000$336,5008305/17/07
6886 Relic18064/3$277,900$270,90012406/28/07
6841 Relic19944/3$270,000$270,00013905/11/07
 
6368 Sweet Pecan15223/3$264,500$250,0003105/17/07
6837 Sweet Pecan15223/3$251,900$232,5004105/09/07
6862 Momentos15223/3$219,900$200,00014905/17/07
 
(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)

Concordia at Deer Springs consists of one and two-story homes from 1,292 to nearly 2,000 square feet built from 2003 to 2005. For more information, or to buy or sell a home in Concordia at Deer Springs, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

More neighborhood reports:
     Concordia at Deer Springs market report - 1st quarter, 2007

     Breamoor Heights
     Concordia at Lone Mountain West
     El Capitan Ranch
     Elkhorn Springs
     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

Christina Ethridge
The North Idaho Dream Team powered by SKE Realty Group - Coeur d'Alene, ID
John - you just keep giving me inspiration on what else I can do to provide buyers and sellers information.  Thanks!
Jul 29, 2007 02:06 AM
Derek and Mariana Wagner
The Artisan Group- Keller Williams Premier Realty - Colorado Springs, CO
The Artisan Group - Colorado Springs REALTORS®
John, are you marketing your market reports to these areas? They are awesome -to the point and anyone living there would love to keep up on this!
Jul 29, 2007 09:39 AM
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

Christina - Glad I can help! Thanks for the compliment.

Mariana - Not yet. I need to figure out a cost (and time) effective way to get these out, plus I'll need to fill in the gaps with additional touches. Should have something in place in a few months. I may borrow your neighborhood blog idea. Living in Greenhaven is a great resource!

Jul 29, 2007 07:01 PM
Rick & Ines - Miami Beach Real Estate
Majestic Properties - Miami Beach, FL
Market report time!  dood numbers for the second quarter, we've been seeing increase in inventory as well.  It goes up and down - but the important factor is more sales.  Our DOM's are much longer than yours though.
Jul 31, 2007 04:21 PM