Las Vegas New Home Sales & Traffic Update

For the week ending August 2, 2015 the new home market in the Las Vegas valley remained steady with 155 net sales reported by 215 active subdivisions.  Buyer traffic also showed no real change either from the past few weeks.  

Ryland Homes had an extremely strong week with over 20% of total sales including 8 sales decided amongst the three product lines in their recently opened Encanterra community in the Southwest.  With base value ratios starting at just over $100/sqft, the neighborhood offers products for a wide range of buyers. DR Horton also reported a strong week with nearly 30 net sales across 24 communities.  There were no new communities reporting this week.  

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Posted on August 5, 2015 .