Home sales activity in Royal Highlands, a neighborhood in the master-planned community of Southern Highlands in Las Vegas, NV trailed off in the 4th quarter of 2007. Six homes closed, down from eight in the 3rd quarter. For the year, activity was up 12%, with 29 closings in 2007, compared to 26 in 2006.
The current resale inventory of 49 homes, (29 in Inverness and 20 in Glen Eagle), plus 9 with accepted offers, (1 in Inverness and 8 in Glen Eagle) indicates a strong buyer's market in both neighborhoods. 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.
Fourth quarter sales at Inverness:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 4001 Abernethy Forest | 5266 | 5/5 | $919,990 | $873,000 | 182 | 10/17/07 |
Fourth quarter sales at Glen Eagle:
| Address | Sq Ft | Bed/Bath | List Price | Sale Price | DOM | Closing Date |
| 11019 Calcedonian | 2350 | 3/3 | $367,500 | $350,000 | 6 | 10/03/07 |
| 10986 Ladyburn | 2459 | 4/3 | $344,500 | $344,000 | 61 | 11/09/07 |
| 10983 Calcedonian | 2350 | 3/3 | $344.900 | $324,200 | 34 | 10/01/07 |
| 10999 Fintry Hills | 2350 | 3/3 | $369,900 | $314,900 | 127 | 10/15/07 |
| 10887 Fishers Island | 2350 | 4/3 | $314,900 | $305,453 | 24 | 12/13/07 |
(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)
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
Cortona Hills
Montagne Marron
Toscana Vineyards
See also:
Royal Highlands market report - 3rd quarter, 2007
Royal Highlands 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
