Las Vegas Weekly Traffic & Sales Update

For the week ending November 8, 2015 new home net sales remained basically the same as we've seen for roughly three months now. Basically, one sale for every two subdivisions reporting.  When looking at buyer traffic, we've seen a slight but steady decline since basically July and in some weeks those numbers are being propped up by some large turnouts for grand opening events.  On average, builders converted 4.5% of traffic into new sales for the week.  The top converters were Lennar Homes and Storybook Homes with 24% and 10.5% respectively.

Top 5 Builders by Sales Conversions w/e 11/8/2015

There were four builders that reported double-digit net sales totals led by Lennar with 16 (15% market share).  The top selling subdivision for the week was Pardee's Solano at Inspirada.  Overall there were 15 reported net sales in the Henderson Masterplan.

Net Sales by Major Masterplan w/e 11-8-2015

We also noted about a dozen communities that raised base prices.  We continue to wonder how far this can go as we head into the slower winter sales period.

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