Vista Verde Community Growing
Vista Verde - The Pardee Homes Community in the northwestern part of Las Vegas Valley
is opening up several new model homes at Alvarado and Madera, two new neighborhoods.
All homes in the community are Energy Star certified and buyers have options of choosing water-efficient, energy-efficient features in landscaping, lighting, water heaters, painting and central vacuums.
Alvarado neighborhood will feature four single- and two-story floor plans range from 1,570 to 2,408 square feet (each home will have 3-5 bed, 2-3 bath, 2-3 car garages. Prices start from $294,950 to $366,950.
Madera neighborhood will feature single- and two-story residences can measure 2,576 to 3,552 square feet. (Each home will have three to five bedrooms and 2 1/2 to 3 1/2 baths). Prices start from $399,950 to $465,950.
Other options and extra features are also available with both the neighborhoods.
Redhawk features Custom-home sites
The Ridges Village in Summerlin has had high demand for its custom lots. Located at the western foothills of Las Vegas Valley - it offers a lot of advantages like privacy, calm and serene atmosphere and breathtaking views of the mountains and the surrounding country.
The golf course and Red Rock Canyon National Conservation Area offers resident’s unlimited natural beauty and beautiful setting.
There are five different custom lots available for buyers ranging from one-third of an acre to three quarters of an acre and prices range from $500,000 to nearly a million dollars.
Redhawk is close to the golf course and avid golf fans will have grand views of the game and the course. The community is a guard-gated high security community and is located in one of the best master-planned communities of the country.
Home Resale Market Dips As New Homes Sales Soar
The expected downturn came in homes resale market as the flippers and speculative investors started putting up their properties on the market. The downturn doesn't as yet mean that the market is in for a crash. It only points to oversupply of resale homes.
July saw around 5,361 resale transactions, which is down from 6,139 in the same month a year ago. There was 13.8 percent decline in total homes sales from last year.
Real estate experts predicted this decline in re-sales as market was overheated with too many flippers trying to make a fast buck. The analysts also homes prices will continue to rise till buyers feel that the prices no longer justify the value they are getting from a home.
Meanwhile new homes sales continued to soar. The median price of a new home sold in July was $290,000, a rise of $51,043, or 21.4 percent. Excluding apartment conversions, the median price of newly constructed homes was $317,909.
