LV New Home Market Update w/e March 12, 2017

Homebuilders continue to sell sell sell in the 1st Quarter of 2017.  This past week saw an average just under one sale per project across the valley.  Every builder with at least 2 active communities reported at least one net sale to our Weekly Traffic & Sales Watch, led by DR Horton and Richmond American, each with over 30.  American West, Century Communities, and Pulte/Del Webb averaged the most sales per project overall.

Jones Crossing by American West was the top selling community this week, reporting 11 net sales.  The project is averaging 8.75 net sales per month since opening in April 2014.

DR Horton began reporting another new community, Artesian Cove, in the southwest valley with base prices under $400,000.  Richmond American has also opened a third series of products under its 'Arlington' group of communities, also in the southwest.  Arlington Point consists of 18 home sites with plans ranging from 2500 to 3150 square feet.

With the Fed raising interest rates today as expected, we shall see if there are any immediate effects on sales performance here locally.  There is no other way for you to stay as thoroughly informed on traffic & sales activity in Clark County than our Weekly Traffic & Sales Watch.  Subscribe today!

Weekly Traffic & Sales Watch

A weekly overview of housing activity in southern Nevada. Includes traffic, gross & net sales, cancellations, net sales month & year to date, subdivision data, and much more. Now featuring monthly and quarterly net sales updated by builder week-to-week. 

This annual subscription will get the latest weekly traffic and net sales data for the Las Vegas Housing Market emailed to you as a .PDF and .xls file each week.

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