Las Vegas Weekly New Home Traffic & Sales Update

For the week ending September 27, 2015 the new home activity for the Las Vegas market saw little change.  Amongst the 220 reporting projects in our Weekly Traffic & Sales Watch, there were 0.5 Net Sales per Subdivision and buyer traffic per subdivision came in at just over 16.  

Lennar Homes led the way with 16 Net Sales, and five other builders tallied double-digit totals for the week.  When looking at Net Sales per Subdivision, American West Homes was the only builder with more than one project where this figure was over 1.  As for base prices, we noted a few changes, both up and down.

There were no new projects reporting this week and one of the longest tenured projects, Del Webb's Sun City Mesquite, led all reporting subdivisions with 5 Net Sales.  Shea Homes' Ardiente also reported a solid week, setting up the market for an interesting "show down" over the coming months as new, high-profile active adult communities come online around the valley.

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