Home sales in El Capitan Ranch, a community in northwest Las Vegas, NV rebounded nicely in the 4th quarter of 2007. Twelve homes closed, doubling the results from the previous quarter. The rally helped limit the annual decline in activity to 13%. A total of 39 homes were sold in 2007, compared to 45 in 2006.
The existing resale inventory of 27 homes, (plus 2 with accepted offers) represents a move toward a balanced market. 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 fourth quarter sales:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 8756 Castle View | 4640 | 4/3 | $599,900 | $577,000 | 44 | 12/01/07 |
| 3617 Silver Brook | 3083 | 6/3 | $419,000 | $415,000 | 11 | 11/15/07 |
| 8721 Castle Ridge | 2604 | 3/2 | $449,990 | $410,000 | 201 | 10/31/07 |
| 8729 Castle Ridge | 2604 | 3/2 | $424,900 | $395,000 | 194 | 11/14/07 |
| 8516 Copper Mine | 2155 | 4/3 | $339,900 | $323,000 | 21 | 10/24/07 |
| 3728 Crescent Canyon | 2155 | 4/3 | $279,900 | $300,000 | 18 | 11/16/07 |
| 3700 Crescent Canyon | 2653 | 4/3 | $299,900 | $299,900 | 16 | 10/24/07 |
| 8741 Autumn Wreath | 1909 | 4/3 | $290,000 | $285,500 | 112 | 10/23/07 |
| 8761 Harvest Valley | 1524 | 3/3 | $282,500 | $266,000 | 83 | 10/09/07 |
| 8744 Autumn Wreath | 1781 | 4/2 | $265,000 | $260,050 | 308 | 10/11/07 |
| 8669 Raindrop Canyon | 1909 | 4/3 | $280,000 | $260,000 | 58 | 11/16/07 |
| 8517 Copper Mountain | 1609 | 3/2 | $279,900 | $258,000 | 34 | 12/07/07 |
(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)
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.
See also:
El Capitan Ranch market report - 3rd quarter, 2007
El Capitan Ranch market report - 2nd quarter, 2007
El Capitan Ranch 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
