Candle Creek market report - 3rd quarter, 2007
By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales in Candle Creek, a neighborhood adjacent to the master-planned community of Whitney Ranch in Henderson, NV showed slight signs of improvement during the third quarter of 2007. Five homes closed in this period, up from three in the 2nd quarter. Existing resale inventory has been reduced to 22 homes, down from 26 in the second quarter. Two homes are in escrow. With a one-year supply of inventory, sellers need to focus on pricing and marketing to create showings and generate offers. Homes in Candle Creek offer good values relative to the overall Las Vegas market. Here are the details of the third quarter sales: Address Sq Ft Bed/Bath List Price Sale Price DOM Closing Date 907 Alta Oaks 3742 5/3 $505,900 $494,925 108 07/18/07 715 Rocky Trail 2906 5/3 $444,990 $410,000 56 08/07/07...
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