LV Weekly Traffic & Sales Update

For the week ending May 17, 2015 new home sales activity in Clark County showed a slight increase over the previous week but still was below the activity seen for most of 2015.  Consumer Traffic remained strong with an average of 21 "buying units" per subdivision for the week.  Lennar Homes continued their dominance of the market with another week reporting over 30 Net Sales.  Other builders posting strong weeks in terms of sales per project were American West, Century Communities, Del Webb Communities, Harmony Homes, KB Home, Shea Homes, and Storybook Homes.  Lennar's Lantern Gardens was the top selling subdivision for the week with 7 reported sales.

New Projects Reporting 5/17/15

Another group of four new projects began reporting this week, all in the northwest sub-market.  DR Horton's Gilmore Bay is a 29 lot entry-level community with plans under 2000 square feet.  Richmond American debuted Marbella with prices starting at $414,950 and Verona Estates with 32 lots and plans beginning at 2500 square feet.  Finally, Ryland Homes opened a new line of products in the Northern Terrace section of the Providence masterplan called Concord, whose 78 lots now gives them 136 total lots in the former Meritage Homes community.

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