Home sales activity in Blue Diamond Ranch, a community in southwest Las Vegas, NV fell back in the 4th quarter of 2007. Four homes closed, down from five in the 3rd quarter. For the entire year, 21 homes were sold, down 38% from the 2006 total of 34 homes.
The existing resale inventory of 16 homes (plus 5 with accepted offers) indicates a strong buyer's market, but is showing signs of moving to balanced. Homes in Blue Diamond Ranch are close to all of the amenities of the growing southwest area of the valley, as well as the south Las Vegas Strip.
Here are the details of the fourth quarter sales:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 4457 Gracemont | 2220 | 4/3 | $294,900 | $280,000 | 18 | 11/30/07 |
| 4837 Rush Springs | 1662 | 4/3 | $239,900 | $232,703 | 47 | 10/03/07 |
| 4529 Pacific Sun | 1452 | 4/2 | $219,000 | $230,000 | 173 | 11/02/07 |
| 7890 Snow Angel | 1314 | 3/2 | $229,900 | $203,700 | 37 | 12/05/07 |
(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)
Blue Diamond Ranch consists of one and two-story homes from 1,108 to over 2,200 square feet, built from 2001 to 2004. For more information, or to buy or sell a home in Blue Diamond Ranch, contact John Novak at (702) 339-9700 or JohnNovak@kw.com.
See also:
Blue Diamond Ranch market report - 3rd quarter, 2007
Blue Diamond Ranch market report - 2nd quarter, 2007
Blue Diamond 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
