Home sales in Nevada Trails, a community in southwest Las Vegas, NV continued to lag in the 4th quarter of 2007. Only five homes closed, one less than in the 3rd quarter. Annual activity was down 37%, with 34 homes sold in 2007, compared to 54 in 2006.
The current resale inventory of 53 homes (plus 6 with accepted offers) is a significant improvement from earlier in the year, but still represents a very strong buyer's market. Homes in Nevada Trails are close to the I-215 Beltway, the south end of the Las Vegas Strip, and many recreational options.
Here are the details of the fourth quarter sales:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 7723 Roaring Springs | 3897 | 3/4 | $846,835 | $795,000 | 280 | 10/10/07 |
| 7584 Slide Rock | 3302 | 4/4 | $454,900 | $425,000 | 22 | 12/18/07 |
| 7356 Laramie | 2672 | 4/3 | $429,900 | $411,430 | 62 | 10/02/07 |
| 7932 Prairie Bluff | 2427 | 4/3 | $389,500 | $361,000 | 39 | 11/02/07 |
| 7461 Burnt Oak | 1418 | 3/2 | $298,500 | $293,000 | 192 | 12/17/07 |
(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)
Nevada Trails consists of one and two-story homes from 1,418 to over 4,500 square feet. Construction began in 2001, and new homes are still being built. For more information, or to buy or sell a home in Nevada Trails, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Nevada Trails market report - 3rd quarter, 2007
Nevada Trails market report - 2nd quarter, 2007
Nevada Trails 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
