Rancho Alta Mira market report - 1st quarter, 2007

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

Home sales in Rancho Alta Mira, a community in North Las Vegas, NV are down about 25% so far in 2007. Eleven homes closed in the first quarter, compared to 16 in the same period in 2006.

Existing resale inventory of 40 homes (plus 10 with accepted offers) means that there is about an eleven month supply of homes on the market, giving buyers lots of choices and room to negotiate. In this highly competitve market, it is vital to price competitively and have the home in its best showing condition. Homes in Rancho Alta Mira generally have larger lots (6-10,000 sq ft) and more mature landscaping than newer homes.

Here are the details of the first quarter sales:

AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date
4632 Via Delsur18123/2$374,900$361,3256402/08/07
4537 Special20644/3$340,000$352,5007702/22/07
5621 San Ardo15703/2$314,900$300,50018502/16/07
 
4405 Loma16303/3$289,900$289,9001103/28/07
5905 Ventana15863/2$299,000$286,1502801/17/07
5213 Blue Dane13943/2$259,900$263,0001902/16/07
 
4537 Mancilla13943/2$279,900$262,00012801/11/07
4405 Norte12443/2$258,000$248,000901/10/07
4504 Florentine12443/2$249,900$246,000801/11/07
 
4516 Cielo12443/2$239,900$240,5005203/20/07
5120 Brookmere12443/2$240,000$226,56011703/12/07
 
(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)

Rancho Alta Mira consists of one and two-story homes from 1,152 to over 3,000 square feet, built from 1990 to 1996. For more information, or to buy or sell a home in Rancho Alta Mira, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.

See also:
     North Las Vegas real estate - April, 2007 market statistics
     North Las Vegas real estate - March, 2007 market statistics
     North Las Vegas, Nevada - February, 2007 market statistics
     North Las Vegas, Nevada - January, 2007 market statistics

     North Las Vegas, Nevada - Demographics
     North Las Vegas, Nevada - Fast Facts

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John Novak

Henderson, Las Vegas and Summerlin Real Estate
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