Get free access to our world class MLS search tools, save your favorite listings, create saved searches & much more!

5 Las Vegas communities among top 50 in US for new-home sales

Posted by Julie Wright on Tuesday, January 9th, 2018 at 6:43am.

Five Las Vegas Valley communities cracked the top 50 nationally for new-home sales last year, new reports show.

Leading the pack locally was Summerlin, where builders sold 1,052 homes, up 37 percent from 2016, according to separate reports this week from two firms, RCLCO and John Burns Real Estate Consulting.

Summerlin’s sales tally was fourth-highest in the country among U.S. master-planned communities, the firms reported.

Buyers also picked up 837 new homes in Inspirada, up 48 percent and No. 8 in the country, their reports said.

According to the firms, builders sold 456 homes in Cadence, up 36 percent; 345 in Mountain’s Edge; and 315 in Skye Canyon.

Some data differed slightly. According to RCLCO, Cadence was 22nd nationally for sales, and sales climbed 10 percent in Mountain’s Edge. For Skye Canyon, the firm did not report comparison sales figures for 2016.

According to John Burns, Cadence was 23rd nationally for sales, and sales climbed 9 percent in Mountain’s Edge and 93 percent in Skye Canyon.

Overall in Las Vegas, homebuilders’ sales totals are climbing but remain a fraction of what they were during the mid-2000s bubble and in the 1990s. But they fetched record prices last year amid rising demand, plunging inventory of previously owned homes, higher development costs and a focus on building bigger, pricier houses.

In master-planned communities, landowners draw up which sections will have homes, retail, parks and other components, and they often sell land in pieces to developers who build housing tracts and other projects.

Summerlin spans 22,500 acres along the valley’s western rim and has more than 100,000 residents. It is the largest master-planned community in Las Vegas and is being developed by The Howard Hughes Corp.

Inspirada, in Henderson on the southern edge of the valley, is being developed by builders Beazer Homes, KB Home, Pardee Homes and Toll Brothers.

Cadence, off Lake Mead Parkway east of Boulder Highway in Henderson, is being developed by The LandWell Co.

Mountain’s Edge, in the southwest valley, is being developed by Focus Property Group, and Skye Canyon, in the northwest valley, is being developed by the Olympia Cos.

Mastura Roberts
(702) 919-5400
offers@greatlasvegashomes.com

Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052

With over 30 years of experience helping families call Las Vegas "home!"



Related Blog Posts

11 REASONS FOR-SALE-BY-OWNER IS THE WRONG WAY TO GO

SELLING A HOME IS HARD WORK! Most homeowners would probably prefer to have a professional licensed Realtor work on their behalf to sell their home, but not everyone sees the value of paying a fee for an agent’s expertise. I get it — it is not easy to recognize all the work it takes to prepare...

Housing Starts Surged in October

Housing starts in October rose by 3.8 percent to a seasonally adjusted annual rate of 1,314,000, according to the latest data from the U.S. Census Bureau and Department of Housing and Urban Development. After several months of gains, starts are up 8.5 percent year-over-year. Building permits for private homes rose b...

Expect the ‘longest economic expansion’ since WWII, says economist

Don't hold your breath for a recession anytime soon, says Cushman & Wakefield's global chief economist BYAMBER TAUFEN Staff WriterJUN 15  Key Takeaways Kevin Thorpe, global chief economist at Cushman & Wakefield, thinks there's little cause to worry about a recession in the next couple of ye...

How to Handle a Low House Appraisal and Not Lose Your Dream Home

It's disheartening when a house appraisal comes back lower than the purchase price you and the seller agreed on. Your loan will cover only the appraised value of the home, so having to cover tens of thousands of dollars more than you anticipated could throw a serious wrench in the plan. Here's w...

Is renting really cheaper than owning a home?

The responsibility of owning a home can be intimidating for people who’ve only rented in the past, but new data from Zillow suggests renting can actually cost more. Zillow’s analysis found out that sans increasing monthly housing costs, a typical renter can buy a home almost 50% more expensive than the med...

Leave a Comment

Have a Question?

Contact Us

Follow Us