Home sales activity in Royal Highlands, a neighborhood in the master-planned community of Southern Highlands in Las Vegas, NV has been active so far in 2007. Ten homes closed in the first quarter, compared to 6 (all in Glen Eagle) in the same period in 2006.
Existing resale inventory of 41 homes, (17 in Inverness and 24 in Glen Eagle), plus 5 homes with accepted offers) indicates there is about a one year supply. In order to get homes sold, it is important that they are priced correctly and in top showing condition. Royal Highlands at Southern Highlands is a gated community, with quick access to schools, parks and shopping, as well as the south Las Vegas Strip.
First quarter sales at Inverness:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 11066 Bandon Dunes | 5383 | 4/4 | $970,000 | $950,000 | 29 | 03/30/07 |
| 11130 Scottscraig | 5440 | 5/4 | $939,990 | $947,500 | 152 | 02/16/07 |
| 11168 Antonine Wall | 5440 | 5/4 | $966,889 | $910,800 | 111 | 01/18/07 |
| 11250 Pentland Downs | 5266 | 5/5 | $1,000,000 | $840,000 | 11 | 02/12/07 |
| 4439 Melrose Abbey | 5440 | 5/4 | $815,000 | $815,000 | 202 | 02/05/07 |
First quarter sales at Glen Eagle:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 10702 La Crescenta | 3015 | 4/4 | $585,000 | $555,000 | 292 | 03/21/07 |
| 10702 La Crescenta | 3015 | 4/4 | $585,000 | $555,000 | 292 | 03/21/07 |
| 10606 Eagle Nest | 2762 | 5/3 | $490,000 | $460,800 | 32 | 01/31/07 |
| 5015 Del Pueblo | 2762 | 4/3 | $469,900 | $460,000 | 112 | 03/26/07 |
| 5048 Danube | 2583 | 4/3 | $466,000 | $450,000 | 159 | 03/19/07 |
Royal Highlands consists of two neighborhoods, Inverness and Glen Eagle, and is built by American West. Homes in Inverness are 3,641 square feet to over 5,200 square feet, include basements, and have 1/4-acre lots. Glen Eagle is a 2-story collection from 2,162 to 2,548 square feet. New homes are still available. For more information, or to buy or sell a home in Royal Highlands at Southern Highlands, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
More neighborhood reports:
Bella Terra at Southern Highlands
Blue Diamond Ranch
Blue Diamond Springs
Breamoor Heights
Concordia at Deer Springs
Concordia at Lone Mountain West
El Capitan Ranch
Elkhorn Springs
Los Prados
Maryland Pebble
Nevada Trails
Silverado Hills
Silverado Trails
Toscana Vineyards at Southern Highlands
See also:
Las Vegas real estate - April, 2007 market statistics
Las Vegas real estate - March, 2007 market statistics
Las Vegas real estate - February, 2007 market statistics
Las Vegas real estate - January, 2007 market statistics
John, Great stats :) I will start doing stuff like you, you always do a great job !
Good job. These stats are fundamental.
I'm wondering if you netted the final SOLD amount accounting for seller incentive. When I do that, the difference between list and sold is even larger.