El Capitan Ranch market report - 1st quarter, 2007
By John Novak, Henderson, Las Vegas and Summerlin Real Estate
(Keller Williams Realty The Marketplace)
Home sales in El Capitan Ranch, a community in northwest Las Vegas, NV are even so far in 2007. Ten homes closed in the first quarter, compared to 10 in the same period in 2006.Existing resale inventory of 35 homes (plus 9 with accepted offers) strongly favors buyers, giving them lots of choices and room to negotiate. In this highly competitve market, it is vital to price competitively and have the home in its best showing condition. 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 first quarter sales:AddressSq Ft Bed/BathList PriceSale PriceDOMClosing Date3836 Russett Falls47495/4$679,000$675,0002902/05/078716 Castle Ridge26043/2$465,000$442,00032902/08/078632 Raindrop Canyon26534/3$435,0...
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