For the week ending October 9th, the new home segment of the Las Vegas market saw a slight drop in activity to open the 4th Quarter. The overall net sales total was actually the lowest we've reported since January. Consumer traffic numbers were basically on par with what we have seen over the past month or so. DR Horton was the only builder to report over 20 net sales, keeping in mind they have 33 active projects (13% of the total).
There were two newly reporting projects, the first being Talesera Hills by KB Home. The 75 lot community in Henderson will feature plans ranging from 2035 to 3489 square feet. Second, we have the Fortana collection by Toll Brothers inside the Milano community at Inspirada. This is the third and final product line in Milano with Fortana falling between the other two (Brunello and Veneto) in terms of size and pricing. Fortana base prices start at $389,995.
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