The Providence Real Estate Market is off to a good start for 2016. There are currently 78 homes listed for sale in the master plan.
Lowest list price today is $180,000 for an 1817 square foot home in the gated Madison Colony subdivision. This home was built in 2008 and is listed as a short sale.
Lowest price for a non-distressed listing in Providence is $194,500 for a 1579 sf home in Emerson.
Highest priced listing is $549,900 for a home in the gated Westminster subdivision. The 4392 sf home offers 4 bedrooms, 4 baths and a swimming pool.
There are 80 homes in escrow in the community. Six of the homes that are in escrow are foreclosures. Fourteen of them are short sales. The remaining 60 homes are traditional sales. This is very good news for Providence homeowners. The higher number of traditional listings should help home values continue to stabilize.
The Providence Master Plan sold 485 homes through the MLS over the past year. That's an average of 40.4 homes sold per month. At that rate, the 78 homes currently listed for sale is just under a two month supply of homes. The low inventory of Providences Homes For Sale is making this an excellent time for sellers. If you're considering moving up to a larger home or downsizing, this could be good timing.
If you'd like to know how much your home is worth in today's market, give us a call at (702) 354-6900. We'll be happy to give you a detailed analysis of how much your home is worth and how quick we can get it SOLD.
Debbie Drummond is the writer for the Providence Las Vegas Blog. She and her partner, Michael Petit have lived and worked in this neighborhood for over 10 years. If you’re buying or selling, they are your Providence/Centennial Hills expert Realtors. Call Michael at (702) 239-7977 or email Michael@LVHome4U.com. Call Debbie at (702)354-6900 or email Debbie@LVHomePro.com. Your home will be their first priority.