For the week ending August 28th, the new home sales activity in Las Vegas picked up a tick from the previous few weeks but not enough to write home about. Since peaking in late April, both buyer traffic and net sales figures have been basically stagnant. The overall number of reporting communities listed in our Weekly Traffic & Sales Watch continues to grow as builders keep opening new projects throughout the valley. DR Horton was the only builder to report over 30 net sales for the week, but they are also the only builder with more than 30 active communities currently (Richmond American, KB Home, and CalAtlantic aren't far behind).
The community reporting the most sales this week was Delano by Lennar, which is located in Summerlin. Prices in the neighborhood start at $599,990 and they reported seven sales on the week.
Storybook Homes began reporting a new community this week called Eloquence. It is located on Patrick near Buffalo in the SW valley and will feature 39 homesites.
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