Home sales in Maryland Pebble, a neighborhood in the Silverado Ranch master plan in Las Vegas, NV continued to slide in the 4th quarter, with 7 closings compared to 12 in the 3rd quarter. Year-over-year results were down 40% with 49 homes sold in 2007 versus 81 homes in 2006.
The existing resale inventory of 49 homes (plus 4 with accepted offers), equates to a nearly two-year supply, which is a very strong buyer's market. Homes in Maryland Pebble are close to the I-215 Beltway and the south end of the Las Vegas Strip.
Here are the details of the fourth quarter sales:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 8902 Crystal Coral | 2627 | 4/4 | $425,000 | $397,858 | 146 | 11/16/07 |
| 1174 Little Rock | 2390 | 5/3 | $374,000 | $361,500 | 12 | 10/31/07 |
| 1036 Dodger Blue | 2221 | 3/3 | $375,000 | $350,000 | 15 | 11/30/07 |
| 8722 Crest Basin | 1942 | 3/3 | $395,000 | $344,000 | 44 | 10/03/07 |
| 1178 Warm Canyon | 1300 | 3/2 | $240,000 | $239,000 | 48 | 11/20/07 |
| 1064 Silver Stone | 1143 | 3/2 | $236,900 | $232,703 | 128 | 12/04/07 |
| 1128 Country Shadows | 1143 | 2/2 | $220,000 | $220,000 | 147 | 10/03/07 |
(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)
Maryland Pebble consists of one and two-story homes from 936 to over 3,400 square feet, built from 1996 to 2000. For more information, or to buy or sell a home in Maryland Pebble, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Maryland Pebble market report - 3rd quarter, 2007
Maryland Pebble market report - 2nd quarter, 2007
Maryland Pebble 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
