For the week ending June 19th, the new home segment of the Las Vegas housing market continued to expand, although overall numbers did suffer a bit. Some of the slight drop off can undoubtedly be attributed to the rising temperatures that we all have to adapt to around this time each year. While the week to week Net Sales total dropped 14%, year to year we are currently up around 12%.
Two other newly reporting projects this week included Elkcrest Estates from DR Horton, another of the small (10 lot) neighborhoods that they have done so well with. Base prices at the community, which is located on Elkhorn & Torrey Pines, start just under $500k.
The other new community was Monte Lucca at Lake Las Vegas by Century Communities. The master plan in the far southeast valley is starting to see activity again slowly but surely and will have four active projects going in the coming weeks. Monte Lucca contains 49 lots and features floor plans ranging from 2537 to 2801 square feet.
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