Sandstone Ridge (North Las Vegas, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here. This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting. More homes available for rent (higher supply) and less renters (lower demand.) Units Leased: March 2012:  3031 February 2012:  2835 January 2012:  2471 December 2011:  2114 November 2011:  2290 October 2011:  2399 September 2011: 2535 August 2011: 2750 July 2011: 2396 June 2011: 2485 May 2011: 2376 April 2011: 2342 March 2011: 2307 February 2011: 2253 January 2011: 2002 December 2010: 1889 Average Monthly Rental Rates: March 2012:  $1621 February 2012:  $1347 January 2012:  $1447 December 2011:  $...
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This week's feature is on a community in North Las Vegas called Sandstone Ridge. It is located in the 89031 zip code and is located across the street from Sandstone Ridge Park.   House's in this subdivision range from about 1500 square feet up to 2400 square feet.  There are 107 homes in this Sandstone Ridge.  This is a picture taken from Sandstone Ridge Park at one of the homes across the street. Currently there are 2 homes listed for sale and 3 homes are under contract to close very soon.  Current sales prices range from a low of $100,000 to a high of $204,900 at the moment.  Last month there were no closings in the neighborhood, however there was 2 in August .
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North Las Vegas, NV Real Estate Professionals